Erste Group Downgrades Lam Research (LRCX) to Hold

Erste Group analyst Hans Engel downgraded Lam Research (NASDAQ: LRCX) from Buy to Hold.

The analyst comments "Lam Research is benefiting with its products from the growing market for special machines for the manufacture of semiconductor wafers. Management forecast sales of around USD 5.7 billion with a gross margin of 49% for the current quarter. This would be a slight decline compared to the previous quarter. There are currently supply chain risks, such as dependence on helium for tool production. The risk of a decline in the gross margin and operating margin has increased."

For an analyst ratings summary and ratings history on Lam Research click here. For more ratings news on Lam Research click here.

Shares of Lam Research closed at $222.01 yesterday.

You May Also Be Interested In

• Alphabet added to Dow Jones Industrial Average, Verizon dropped
• Daiwa Securities Downgrades Pinduoduo Inc. (PDD) to Hold
• Boeing wins $2 billion satellite contract from DoW