The bio-tech market especially in the semiconductor sector is buzzing with activity. Franklin Resources Inc. made a significant investment of $452.83 million in Lam Research Co., while Headlands Technologies LLC and many others increased their stake in the company. However, alongside the increased investments, Sands Capital Select Growth Fund closed its position on Lam Research due to valuation concerns. Furthermore, despite hitting a new 1-year low, analysts have set the price target of LRCX at $97.59. Despite the market shifts and trade war fears which caused the stock to sink, all isn't bleak for Lam Research. The company has been named among the world's 'Most Ethical Companies' and has shown strong financial performance. Jim Cramer, however, warns about industry problems and advises caution about risks involved. The company also has plans to participate in an upcoming conference, fuelling speculations about their strategic roadmap, growth targets and new innovations. Despite struggles and setbacks, Lam Research continues to attract investments and positions itself for growth in the 3D chip era.
Lam Research Corp LRCX News Analytics from Mon, 04 Nov 2024 08:00:00 GMT to Sat, 05 Apr 2025 22:54:00 GMT - Rating 3 - Innovation 6 - Information 7 - Rumor -4
