Lam Research Corporation Reports Financial Results for the Quarter Ended March 28, 2021

Lam Research (LRCX) PT Raised to $750 at Susquehanna

Susquehanna analyst Mehdi Hosseini raised the price target on Lam Research (NASDAQ: LRCX) to $750.00 (from $665.00) while maintaining a Positive rating.

The analyst commented, "We believe the narrative among all SCE vendors, including LRCX, has changed. The challenge is no longer what... More

Lam Research (LRCX) Q1 Results: Strong Semiconductor Demand Results in an 'Impressive Beat and Raise'

Lam Research (NASDAQ: LRCX) reported better-than-expected Q1 results amid strong demand for semiconductor equipment. The California-based company made a profit of $7.49 per share to exceed the $6.60 expected from the Street.

While market analysts were expecting LRCX to report sales of $3.69 billion, the company saw a quarter with $3.85 in generated revenues. On a YoY basis, earnings exploded 88% while sales climbed 54%.

"Lam's growth trajectory continues with record revenue and earnings per share delivered in the March quarter," Chief Executive Tim Archer said in a news release.

"Semiconductors are reaching new... More

Lam Research (LRCX) PT Raised to $825 at Cowen

Cowen analyst Krish Sankar raised the price target on Lam Research (NASDAQ: LRCX) to $825.00 (from $700.00) while maintaining an Outperform rating.

The analyst commented, "LRCX reported an impressive beat & raise. The CSBG (Services) group was a standout this Q & the systems business is... More

Lam Research (LRCX) PT Raised to $705 at Mizuho Securities

Mizuho Securities analyst Vijay Rakesh raised the price target on Lam Research (NASDAQ: LRCX) to $705.00 (from $575.00) while maintaining a Buy rating.

The analyst commented, "LRCX reported a good MarQ and guided to a solid JunQ top line of $4.0B, well above consensus $3.7B... More

Lam Research (LRCX) PT Raised to $780 at Stifel

Stifel analyst Patrick Ho raised the price target on Lam Research (NASDAQ: LRCX) to $780.00 (from $740.00) while maintaining a Buy rating.

The analyst commented, "Following Lam Researchs 3Q21 earnings results/conference call, we believe management reinforced the strength in near-term (2021) WFE trends, while... More

Lam Research (LRCX) Tops Q3 EPS by 89c, Guidance Beats

Lam Research (NASDAQ: LRCX) reported Q3 EPS of $7.49, $0.89 better than the analyst estimate of $6.60. Revenue for the quarter came in at $3.85 billion versus the consensus estimate of $3.69 billion.

GUIDANCE:

Lam Research sees Q4 2021 EPS of $7.00-$8.00, versus the consensus of... More