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

Lam Research (LRCX) PT Lowered to $405 at BofA Securities

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

Lam Research (LRCX) PT Lowered to $525 at Jefferies; 'Buyers on the Lowered Outlook'

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

Lam Research (LRCX) Tops Q1 EPS by 86c, Revenues Beat

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