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B.Riley Financial Stick to Their Hold Rating for Lam Research

Feb 04, 2021 04:09AM ET
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B.Riley Financial analyst Craig Ellis maintained a Hold rating on Lam Research on Wednesday, setting a price target of $270, which is approximately 46.46% below the present share price of $504.33.

Ellis expects Lam Research to post earnings per share (EPS) of $6.04 for the first quarter of 2021.

The current consensus among 16 TipRanks analysts is for a Strong Buy rating of shares in Lam Research, with an average price target of $599.13.
The analysts price targets range from a high of $670 to a low of $525.

In its latest earnings report, released on 12/31/2020, the company reported a quarterly revenue of $3.46 billion and a net profit of $1.01 billion. The company's market cap is $72.22 billion.

According to TipRanks.com, B.Riley Financial analyst Craig Ellis is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 21.4% and a 66.20% success rate.

Lam Research Corp (NASDAQ:LRCX). engages in manufacturing and servicing of wafer processing semiconductor manufacturing equipment. It operates through the following geographical segments: the United States, China, Europe, Japan, Korea, Southeast Asia, and Taiwan. It offers thin film deposition, plasma etch, photoresist strip, and wafer cleaning. The company was founded by David Lam on January 21, 1980 and is headquartered in Fremont, CA.

B.Riley Financial Stick to Their Hold Rating for Lam Research
 

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