Mizuho Securities Keeps Their Buy Rating on Lam Research (LRCX)

In a report released yesterday, Vijay Rakesh from Mizuho Securities reiterated a Buy rating on Lam Research, with a price target of $380.00.

Memorial Day Sale – Claim 70% Off TipRanks

• Unlock trusted, data-backed investing tools with TipRanks Premium, from analyst ratings and forecasts to breaking news and portfolio analysis.
• Discover high-conviction stock picks and new investing opportunities with the TipRanks Smart Investor Newsletter

Rakesh covers the Technology sector, focusing on stocks such as Micron, Intel, and Seagate Tech. According to TipRanks, Rakesh has an average return of 74.7% and a 73.17% success rate on recommended stocks.

Currently, the analyst consensus on Lam Research is a Strong Buy with an average price target of $318.39.

Based on Lam Research’s latest earnings release for the quarter ending March 29, the company reported a quarterly revenue of $5.84 billion and a net profit of $1.83 billion. In comparison, last year the company earned a revenue of $4.72 billion and had a net profit of $1.33 billion

Based on the recent corporate insider activity of 55 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of LRCX in relation to earlier this year. Last month, Ava Harter, the CLO of LRCX sold 6,010.00 shares for a total of $1,554,546.60.