Pacific Crest Upgrades Lam Research Co. (LRCX) to “Overweight”

Lam Research Co. (NDAQ:LRCX) was upgraded by equities research analysts at Pacific Crest from a “sector weight” rating to an “overweight” rating in a research report issued to clients and investors on Thursday.

Lam Research (NDAQ:LRCX) opened at 126.48 on Thursday. The stock has a 50 day moving average of $118.34 and a 200 day moving average of $105.46. The company has a market capitalization of $20.60 billion and a PE ratio of 22.67. Lam Research has a 12-month low of $72.00 and a 12-month high of $127.44.

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Lam Research Company Profile

Lam Research Corporation is a supplier of wafer fabrication equipment and services to the semiconductor industry. The Company designs, manufactures, markets, refurbishes and services semiconductor processing systems that are used in the fabrication of integrated circuits (ICs). It operates through manufacturing and servicing of wafer processing semiconductor manufacturing equipment segment.

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