Lam Research Corporation Reports Financial Results for the Quarter Ended September 25, 2022
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Go back to Lam Research Corporation Reports Financial Results for the Quarter Ended September 25, 2022
October 20, 2022 9:22 AM EDT
BofA Securities analyst Vivek Arya lowered the price target on Lam Research (NASDAQ: LRCX) to $405.00 (from $460.00) while maintaining a Buy rating, saying the China restriction is now well-reflected, could help drive recovery medium-term.
The analyst commented, "We lower estimates and PO to $405 from $460 on unch. 16x... More
October 20, 2022 8:42 AM EDT
Jefferies analyst Mark Lipacis lowered the price target on Lam Research (NASDAQ: LRCX) to $525.00 (from $535.00) while maintaining a Buy rating, saying they are buyers on the lowered 2023 outlook.
The analyst commented, "We're buyers of LRCX after it lowered its 2023 outlook. Our Semiconductor... More
October 19, 2022 4:06 PM EDT
Lam Research (NASDAQ: LRCX) reported Q1 EPS of $10.42, $0.86 better than the analyst estimate of $9.56. Revenue for the quarter came in at $5.07 billion versus the consensus estimate of $4.93 billion.
GUIDANCE:
Lam Research sees Q2 2023 EPS of $9.25-$10.75, versus the consensus of... More
