Pacific Crest Downgrades Lam Research to Hold

In a report released today, Weston Twigg from Pacific Crest downgraded Lam Research (NASDAQ: LRCX) to Hold. The company’s shares closed yesterday at $99.59, close to its 52-week high of $102.44.

According to, Twigg is a 5-star analyst with an average return of 13.0% and a 76.6% success rate. Twigg covers the Technology sector, focusing on stocks such as Advanced Energy Industries, Applied Materials, and Kla-Tencor Corp.

Lam Research has an analyst consensus of Strong Buy, with a price target consensus of $104.40.

Lam Research’s market cap is currently $15.95B and has a P/E ratio of 19.08. The company has a book value ratio of 2.7067.

Based on the recent corporate insider activity of 30 insiders, corporate insider sentiment is negative on the stock. Last month, Krishna Saraswat, a a Director at LRCX sold 1,000 shares for a total of $49,690.

Lam Research Corp. engages in the manufacture and service of wafer processing semiconductor manufacturing equipment. Its products include front-end wafer processing, back-end wafer-level packaging, and other related products. The company also designs, manufactures, markets, refurbishes, and services semiconductor processing systems that are used in the fabrication of integrated circuits. The company was founded by David Lam on January 21, 1980 and is headquartered in Fremont, CA.