Pacific Crest believes that Lam Research's (LRCX) acquisition of KLA-Tencor (KLAC) may force Applied Materials (AMAT) to acquire smaller process control companeis. The firm identifies Nanometrics (NANO), Nova Measuring (NVMI), Rudolph Technologies (RTEC), FEI Company (FEIC), and Hermes Microvision as potential acquisition targets for Applied Materials. The firm remains upbeat on Applied Materials, Lam and Nanometrics.
News For LRCX;AMAT;NANO;NVMI;RTEC;FEIC From the Last 2 Days
BofA analyst Vivek Arya raised the firm's price target on Lam Research to $1,000 from $970 and keeps a Buy rating on the shares. Lam "delivered a solid beat and raise" with growth expected to accelerate into the second half of the calendar year, says the firm, which adds that it is "beginning to see the green shoots of NAND recovery."
TD Cowen raised the firm's price target on Lam Research to $1,000 from $975 and keeps a Buy rating on the shares. The firm said NAND recovery is off to a good start with two consecutive quarters of 25-30% sequential growth and other vectors are also showing growth.
Susquehanna analyst Mehdi Hosseini lowered the firm's price target on Lam Research to $850 from $880 and keeps a Neutral rating on the shares. The firm said they posted a good print and guidance as its report and commentary were inline with Susquehanna's preview.
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