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Analysts Offer Insights on Technology Companies: Silicon Laboratories (SLAB), Amphenol (APH) and Lam Research (LRCX)

Companies in the Technology sector have received a lot of coverage today as analysts weigh in on Silicon Laboratories (SLABResearch Report), Amphenol (APHResearch Report) and Lam Research (LRCXResearch Report).

Silicon Laboratories (SLAB)

In a report released yesterday, Atif Malik from Citi maintained a Hold rating on Silicon Laboratories, with a price target of $120.00. The company’s shares closed last Wednesday at $114.26.

According to TipRanks.com, Malik is a top 100 analyst with an average return of 30.0% and a 68.1% success rate. Malik covers the Technology sector, focusing on stocks such as Keysight Technologies, Skyworks Solutions, and Applied Materials.

Silicon Laboratories has an analyst consensus of Moderate Buy, with a price target consensus of $145.25, representing a 19.0% upside. In a report released yesterday, Summit Redstone Partners also downgraded the stock to Hold.

See Insiders’ Hot Stocks on TipRanks >>

Amphenol (APH)

Citi analyst Asiya Merchant maintained a Buy rating on Amphenol today and set a price target of $135.00. The company’s shares closed last Wednesday at $116.31, close to its 52-week high of $119.59.

According to TipRanks.com, Merchant is a 5-star analyst with an average return of 28.4% and a 61.7% success rate. Merchant covers the Technology sector, focusing on stocks such as Dell Technologies, TE Connectivity, and Pure Storage.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Amphenol with a $123.88 average price target, implying a 3.9% upside from current levels. In a report issued on April 11, J.P. Morgan also maintained a Buy rating on the stock with a $125.00 price target.

Lam Research (LRCX)

In a report released today, Steve Barger from KeyBanc maintained a Hold rating on Lam Research. The company’s shares closed last Wednesday at $884.89.

According to TipRanks.com, Barger is a 5-star analyst with an average return of 13.7% and a 63.9% success rate. Barger covers the Industrial Goods sector, focusing on stocks such as Westinghouse Air Brake Technologies, Lincoln Electric Holdings, and Wesco International.

Currently, the analyst consensus on Lam Research is a Moderate Buy with an average price target of $1005.93, which is a 10.9% upside from current levels. In a report issued on April 11, Deutsche Bank also initiated coverage with a Hold rating on the stock with a $1000.00 price target.

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