Semiconductor equipment maker Lam Research this afternoon posted better-than-expected results for its fiscal first quarter ended September 23.

FORBES: Lam Research FY Q1 Revs, EPS Tops Street Expectations

Shares of semiconductor equipment maker Lam Research (LRCX) are trading lower this morning on bearish comments from Citigroup analyst Timothy Arcuri.

FORBES: Lam Research Slides; Citi Sees Samsung Pushing Out Orders

Covello today cut his ratings on Analog Devices (ADI), Linear Technology (LLTC), Lam Research (LRCX) and KLA-Tencor (KLAC) to Neutral from Buy.

FORBES: Chips: Some Analysts Turn Cautious