UBS Maintains Buy Rating for Lam Research: Here's What You Need To Know

UBS has decided to maintain its Buy rating of Lam Research LRCX and raise its price target from $885.00 to $1130.00.

Shares of Lam Research are trading down 1.16% over the last 24 hours, at $966.14 per share.

A move to $1130.00 would account for a 16.96% increase from the current share price.

About Lam Research

Lam Research is one of the largest semiconductor wafer fabrication equipment, or WFE, manufacturers in the world. It specializes in the market segments of deposition and etch, which entail the buildup of layers on a semiconductor and the subsequent selective removal of patterns from each layer. Lam holds the top market share in etch and holds the clear cut second share in deposition. It is more exposed to memory chipmakers for DRAM and NAND chips. It counts as top customers the largest chipmakers in the world, including TSMC, Samsung, Intel, and Micron.

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Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.