Lam Research (LRCX) Tops Q4 EPS by 2c; Guides Below Views
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Lam Research (LRCX) PT Lowered to $775 at Stifel
January 27, 2022 6:39 AM ESTStifel analyst Patrick Ho lowered the price target on Lam Research (NASDAQ: LRCX) to $775.00 (from $790.00) while maintaining a Buy rating following results.
The analyst commented, "On Wednesday, Lam Research reported mixed results (lower revenues, higher EPS), but delivered an outlook well below expectations.... More
Lam Research (LRCX) Stock Falls 6% as Q4 EPS Beat, But Guidance Misses
January 26, 2022 5:28 PM ESTLam Research (NASDAQ: LRCX) shares were trading around 6% lower after-hours following the companys Q4 results. EPS came in at $8.53, slightly above the consensus estimate of $8.51. Revenue was $4.23 billion, missing the consensus of $4.41 billion.
According to Tim Archer, President and CEO of Lam Research,... More
Applied Materials (AMAT), Peers Trades Lower in Sympathy with Lam Research (LRCX)
January 26, 2022 4:40 PM ESTApplied Materials (NASDAQ: AMAT) traded lower after the close Wednesday following results and guidance from from Lam Research (NASDAQ: LRCX).
Lam Research declined 6% and Applied Materials was lower by 3.4%. KLA Corporation (NASDAQ: KLAC) was lower by 3.4%.
