Lam Research marked all-time highs

Updated on:
Nov 20th, 2020

On Friday Lam Research Corporation ($LRCX) did it again and stock closed at $433.64 barely moving a -0.92%; new all-time highs are set at $444.96.

In mid-October, 8 brokerage companies posted ratings on Lam Research : Goldman Sachs Group increased the price target from $376.00 to $424.00 with a strong buy rating, KeyCorp rated Lam Research with bullish, Mizuho estimates a target price of $410.00, with a rating of strong buy, Morgan Stanley raised the price target to $420.00 (-3.15% versus the closing price) with a bullish rating, Royal Bank of Canada increased the price target from $400.00 to $420.00 with a bullish rating, Stifel Nicolaus rated Lam Research with strong positive and UBS Group marked up the price target from $400.00 to $450.00 (3.77% over the closing price) with a strong buy rating. Please note: these are not recommendations to buy or sell this stock. Check with your personal financial advisor.

Lam Research beat its competitors for the last 30 days, making a 20.5%. In the same period, ASML (ASML) marked a 12.3%, Applied Materials (AMAT) made a 24.7%, KLA-Tencor (KLAC) made a 18.7%, Teradyne (TER) performed a 16.6%, Entegris (ENTG) made a 10.3% and IPG Photonics (IPGP) performed a 4.6%. ASML, Applied Materials, KLA-Tencor and 2 others are trading very close to all-time highs.

Lam Research Corporation designs, manufactures, markets, refurbishes, and services semiconductor processing equipment used in the fabrication of integrated circuits in the United States, China, Europe, Japan, Korea, Taiwan, and the southeast Asia. The company offers ALTUS systems to deposit conformal films for tungsten metallization applications; SABRE electrochemical deposition products for copper damascene manufacturing; SOLA ultraviolet thermal processing products for film treatments; and VECTOR plasma-enhanced CVD ALD products.. The stock belongs to the Semiconductor Equipment & Materials industry in the Technology sector. The company employs 11,700 people worldwide and it's based in Fremont, United States. Check for further details about the company at its corporate website at http://www.lamresearch.com.

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