Lam Research Corp (LRCX)
Technology | Electronics
Noting the pullback in Lam’s share price, Nomura analyst Romit Shah has upgraded the stock to Buy from Neutral. According to Shah, Lam is poised to benefit from repatriation tax relief. Repatriated cash could be used to repurchase up to $6 billion worth of stock. Its core business should continue perform well in 2018 with strong memory fundamentals, too.
tickrzbot assigns Lam with an overall tickrz MFM rank of A. Full factor rankings:
Latest LCRX news:
Chip-gear makers Applied Materials, ASML and Lam Research saw their shares jump after getting upgrades from Wall Street firms.
January 16, 21:07:12 UTC
Semiconductor equipment maker Lam Research Corporation (NASDAQ: LRCX ) could be a beneficiary of positive industry outlook for memory prices, according to Susquehanna Financial Group. The Analyst Susquehanna ...
January 16, 18:35:20 UTC
The Tech sector was one of the largest beneficiaries of this rally, with the Technology Select Sector SPDR ETF (XLK) registering a return of 32.2% in the last year, on top of a 12.9% gain it had registered in 2016.
January 16, 15:20:00 UTC
Shares of Applied Materials Inc. and Lam Research Corp. rose 1.8% and 1.5%, respectively, in premarket trading Tuesday after analysts at Susquehanna Financial Group upgraded both stocks to positive. The ...
January 16, 13:42:07 UTC
The Technology sector will continue to benefit from increasing demand for cloud-based platforms as well as growing adoption of AI solutions.
January 16, 13:42:01 UTC