# Lam Research Corporation  Share Price Target ‘$923.87’, now -4.9% Downside Potential

- Link: https://www.directorstalkinterviews.com/lam-research-corporation-share-price-target-923.87-now-4.9-downside-potential/4121149516
- Published: 2024-04-02T12:36:54+01:00
- Author: Charlotte Edwards

**Lam Research Corporation** with ticker code (LRCX) now have 24 market analysts
covering the stock. The analyst consensus now points to a rating of ‘buy’. The target
price High/Low ranges between $1,130.00 and $670.00 suggesting an average analyst
share price target price of $923.87. (at the time of writing). Given that the stocks
previous close was at $971.57 this indicates there is a potential downside of -4.9%.
The 50 day moving average now sits at $908.40 while the 200 day moving average is
$730.60. The company has a market cap of 128.72B. The current stock price for Microsoft
Corporation is currently $981.79 USD

 The potential market cap would be $122,396,217,057 based on the market consensus.

The company has a dividend yield of 1.62%. Other points of data to note are a P/
E ratio of 37.86, revenue per share of $107.41 and a 13.24% return on assets.

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 equipment used in the fabrication of integrated
circuits. Its products and services are designed to help its customers build devices
that are used in a variety of electronic products, including mobile phones, personal
computers, servers, wearables, automotive vehicles, and data storage devices. Its
product families include ALTUS, SABRE, SOLA, SPEED, Striker, VECTOR, Flex, Kiyo,
Syndion, Versys Metal, Coronus, DV-Prime , Da Vinci , EOS , and SP Series. Its customer
base includes semiconductor memory, foundry, and integrated device manufacturers(
IDMs) that make products, such as non-volatile memory (NVM), dynamic random-access
memory (DRAM) and logic devices. It offers services in areas, such as nanoscale 
applications enablement, chemistry, plasma and fluidics, and others.

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