why is lrcx stock dropping

Why has LRCX's market share dropped strongly?

For example, market share of LRCX, which I will show later, dropped strongly in the past few years because of its high revenue exposure to NAND memory yet its revenue losses are not reflected in Chart 1. Likewise, AMAT's share has also dropped compared to TEL, but not according to Chart 1.

How can I get the latest news about LRCX?

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When do LRCX earnings call for the period ending?

LRCX earnings call for the period ending September 29, 2019. LRCX earnings call for the period ending June 30, 2019. Primary metrics and data points about Lam Research. Learn more about CAPS!

What will happen to LRCX and Lam in 2023?

Lam was impacted by a downturn in the memory market, which has recovered and won’t be impacted by an oversupply of foundry/logic chips in 2023. A resumption in memory spend will be a positive of LRCX in 2023.

Is LRCX a good stock to buy now?

Today LRCX ranks #958 as buy candidate.

Is Lam Research a good stock?

Lam Research has received a consensus rating of Hold. The company's average rating score is 2.45, and is based on 9 buy ratings, 11 hold ratings, and no sell ratings.

Why is Lam Research Up?

Lam comes up short on Q2 revenue and projects Q3 earnings below analysts' consensus estimate due to supply-chain concerns, stock price falls and takes other equipment companies' shares with it.

Is Lam Research part of S&P 500?

Lam Research was founded in 1980 by Dr. David K. Lam and is headquartered in Fremont, California, in the Silicon Valley....Lam Research.TypePublic companyTraded asNasdaq: LRCX Nasdaq-100 component S&P 500 componentIndustrySemiconductorsFounded1980FounderDavid K. Lam11 more rows

What do analysts say about Lam Research?

The 23 analysts offering 12-month price forecasts for Lam Research Corp have a median target of 625.00, with a high estimate of 840.00 and a low estimate of 520.00. The median estimate represents a +17.57% increase from the last price of 531.61.

Is ASML stock a buy?

ASML Holding N.V. - Hold may be overvalued. Its Value Score of D indicates it would be a bad pick for value investors. The financial health and growth prospects of ASML, demonstrate its potential to underperform the market. It currently has a Growth Score of C.

What sector is Lrcx?

semiconductor processing equipmentDescription. Lam Research Corporation designs, manufactures, markets, refurbishes, and services semiconductor processing equipment used in the fabrication of integrated circuits.

What sector is LRCX stock in?

the semiconductor industryDesign, manufacture, market, and service semiconductor processing equipment used in the fabrication of integrated circuits and are recognized as a major supplier of such equipment to the semiconductor industry.

Does Lam Research have a moat?

Analyst Note. Wide-moat Lam Research reported fiscal third-quarter results that came in below our expectations and the midpoint of management's guidance due to delays in system components and broad supply chain hurdles.

Who are the competitors of Lam Research?

Lam Research competitors include Ichor Systems, ASML and KLA-TENCOR CORPORATION.

Is Lam Research a chip stock?

Lam Research provides wafer fabrication equipment and services to the semiconductor industry. In short, they sell chips, chip manufacturing equipment, and chip-making services.

Top Line in Detail

Operating Details

China, Korea and Taiwan accounted for 34%, 32% and 11% of the company’s total fiscal fourth-quarter revenues, respectively. On the contrary, Japan, the United States, Southeast Asia and Europe accounted for 8%, 7%, 5% and 3%, respectively.

Balance Sheet & Cash Flow

Non-GAAP gross margin came in at 46.1%, which contracted 20 basis points (bps) sequentially. Non-GAAP operating expenses were $493.1 million, reflecting an increase of 1.4% sequentially. However, as a percentage of revenues, the figure contracted 170 bps sequentially to 17.7%. Adjusted operating margin was 28.5%, up 160 bps sequentially.

When will LRCX earnings be released?

At fiscal fourth quarter-end, cash and cash equivalents, as well as short-term investments increased to $6.7 billion from $5.4 billion in the fiscal third quarter. Cash flow from operating activities was $813 million, up from $541.4 million in the fiscal third quarter.

What is the PEG ratio of LRCX?

Investors will be hoping for strength from LRCX as it approaches its next earnings release, which is expected to be April 21, 2021. On that day, LRCX is projected to report earnings of $6.56 per share, which would represent year-over-year growth of 64.82%.

Nasdaq Global Select

We can also see that LRCX currently has a PEG ratio of 1.24. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. LRCX's industry had an average PEG ratio of 1.69 as of yesterday's close.

Environmental, Social, and Governance Rating

Design, manufacture, market, and service semiconductor processing equipment used in the fabrication of integrated circuits and are recognized as a major supplier of such equipment to the semiconductor industry.

Business Summary

"B" score indicates good relative ESG performance and an above-average degree of transparency in reporting material ESG data publicly and privately. Scores range from AAA to D.