Lam Research to Combine with KLA-Tencor, Creating a New Capability Paradigm to Serve a Transforming Semiconductor Industry
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RBC Capital Raises Price Target Following Lam Research's (LRCX) 1Q16
October 22, 2015 8:45 AM EDTRBC Capital reiterated an Underperform rating on Lam Research (NASDAQ: LRCX), and raised the price target to $56.00 (from $52.00), following the company's 1Q16 earnings results. Lam introduced CY16 WFE expectation of flat to down slightly, in line with consensus, but optimistic compared to our... More
Lam Research (LRCX) Tops Q1 EPS by 11c; Issues Strong Q2 Outlook
October 21, 2015 6:13 AM EDTLam Research (NASDAQ: LRCX) reported Q1 EPS of $1.82, $0.11 better than the analyst estimate of $1.71. Revenue for the quarter came in at $1.6 million versus the consensus estimate of $1.6 billion.
Lam Research sees Q2 2016 EPS of $1.32-$1.52, versus the consensus of $1.30. Lam Research sees Q2 2016... More
Lam Research (LRCX), KLA-Tencor (KLAC) Enter $10.6B Merger Agreement
October 21, 2015 6:09 AM EDTLam Research (NASDAQ: LRCX) and KLA-Tencor Corporation (Nasdaq: KLAC) ("KLA-Tencor") today announced that they have entered into a definitive agreement, unanimously approved by the boards of directors of both companies, for Lam Research to acquire all outstanding KLA-Tencor shares in a cash and stock transaction.
KLA-Tencor stockholders will be entitled to elect to receive for the shares of KLA-Tencor stock they hold the economic equivalent of $32.00 in cash and 0.5 of a share of Lam Research common stock, in all-cash, all-stock, or mixed consideration, subject to proration as more fully... More
