Barclays Capital Rates Lam Research Corp. Overweight

Barclays Capital rated Lam Research Corporation (NASDAQ:LRCX) Overweight and changed its price target from $55.00 to $46.00.  The shares recently traded at $37.83, up $0.93, or 2.55%, on the day.  The shares have traded in a 52-week range of $34.92 to $59.10, and its market capitalization is $4.64 billion.  About the company: Lam Research Corporation manufactures, markets, and services semiconductor processing equipment used in the making of integrated circuits. The Company’s products are used to deposit special films on a silicon wafer and etch away portions of various films to create a circuit design. Lam sells its products around the world.

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