Zacks Investment Research downgraded shares of LAM RESEARCH (LRCX) from NEUTRAL to UNDERPERFORM on September 03, 2012, with a target price of $32.40.
Lam Research Corporation designs, manufactures, markets and services semiconductor processing equipment used in the fabrication of integrated circuits. Lam is recognized as a leading supplier of front-end wafer processing equipment to the worldwide semiconductor industry. The Company's products are used selectively to etch away portions of various films to create an integrated circuit.
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