Lam Research (LRCX) volatility flat into KLA-Tencor (KLAC) announces termination of merger agreement
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Lam Research (LRCX): RBC Sees $400-$500M Buyback, Tuck-In Acquisitions as KLA Deal Terminates
October 6, 2016 1:10 PM EDTRBC Capital analyst Amit Daryanani said with the Lam Research (NASDAQ: LRCX)/KLA Tencor (NASDAQ: KLAC) deal terminated, they beleiver LRCX could utilize incremental cash flow toward a sizable ($400-$500M?) buyback and also see a higher... More
UBS Remains bullish as Lam Research (LRCX) Announces KLA Merger Cancellation
October 6, 2016 8:55 AM EDTUBS reiterated a Buy rating and $105.00 price target on Lam Research (NASDAQ: LRCX) following the company's announced cancellation of a proposed merger with KLA. UBS had viewed Lam's decision to acquire KLA positively as Lam was addressing additional future growth opportunities. This Lam-KLA merger termination and the recent AMAT-Tokyo Electron... More
