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DBS Maintains Buy Rating on Ram Research with a Target Price of $416
Businessinsider
10-26 00:08
Ai Focus
Analyst Ling Lee Keng maintained a 'buy' rating on Ram Research on October 23, setting a target price of $416. The article also mentioned that Citibank gave a 'buy' rating as well, while Barclays maintained a 'hold' rating; the company's latest quarterly revenue was $8.22 billion, with a net profit of $2.75 billion.
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Analyst Ling Lee Keng maintained a “buy” rating on Ram Research on October 23, setting a target price of $416.00. The company’s stock closed at $230.10 last Friday.

According to the data from TipRanks, Lee Keng is a four-star analyst with an average return rate of 10.2% and a success rate of 51.85%. Lee Keng covers the technology sector, with a focus on stocks such as Ram Research, Tokyo Electron, and Venture.

Apart from DBS, Ram Research also received a “Buy” rating in a report published on October 22 by Citibank analyst Atif Malik. However, on the same day, Barclays maintained its “Hold” rating for Ram Research ( NASDAQ : LRCX ).

According to Ram Research's latest financial report for the quarter ending September 27, the company reported quarterly revenue of $8.22 billion and net profit of $2.75 billion. In contrast, during the same period last year, the company's revenue was $5.32 billion and net profit was $1.57 billion.

Based on the trading activities of 65 insiders from recent times, their sentiment towards the stock is negative. This indicates that in the past quarter, there has been an increase in the number of LRCX insiders selling company shares compared to earlier this year. Last month, LRCX director Bethany Mayer sold 9,557 shares for a total transaction amount of $3,007,970.18.

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