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U.S. stock indexes finished mixed on Wednesday, with the S&P 500 barely eking out a fourth consecutive all-time high despite a batch of well-received. ....
Lam Research (NASDAQ:LRCX – Get Free Report) updated its third quarter earnings guidance on Wednesday. The company provided earnings per share guidance of $6.50-8.00 for the period, compared to the consensus earnings per share estimate of $6.63. The company issued revenue guidance of $3.4-4.0 billion, compared to the consensus revenue estimate of $3.68 billion. Wall […] ....
STF Management LP increased its position in Lam Research Co. (NASDAQ:LRCX – Free Report) by 156.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,156 shares of the semiconductor company’s stock after acquiring an additional 1,316 shares during the period. STF Management […] ....
The Bureau of Economic Analysis reports the first estimate of fourth-quarter GDP growth on Thursday, and its personal-consumption expenditures price index. ....
Lam Research (NASDAQ:LRCX – Free Report) had its target price raised by Raymond James from $725.00 to $850.00 in a research report released on Friday morning, Benzinga reports. The brokerage currently has an outperform rating on the semiconductor company’s stock. Several other research firms also recently commented on LRCX. UBS Group dropped their target price […] ....