why lam research stock is up

Should you buy Lam Research (Lam) stock based on historical earnings growth?

For growth investors, double-digit earnings growth is highly preferable, as it is often perceived as an indication of strong prospects (and stock price gains) for the company under consideration.While the historical EPS growth rate for Lam Research is 22.7%, investors should actually focus on the projected growth.

Who are Lam’s customers?

Lam is a leader in the dry etch and deposition markets and counts major chipmakers, such as Samsung Electronics and Taiwan Semiconductor Manufacturing, as customers. Lam faces competition from Applied Materials and Tokyo Electron, and would lose market share should it lose its technological edge to either firm.

Do earnings estimate revisions predict stock price movements?

Empirical research shows that there is a strong correlation between trends in earnings estimate revisions and near-term stock price movements.The current-year earnings estimates for Lam Research have been revising upward.

Will Lam Research stock go up?

The 22 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 +29.54% increase from the last price of 482.47.

Is Lam Research a good stock to buy?

Lam Research Stock Forecast FAQ Out of 13 analysts, 5 (38.46%) are recommending LRCX as a Strong Buy, 0 (0%) are recommending LRCX as a Buy, 8 (61.54%) are recommending LRCX as a Hold, 0 (0%) are recommending LRCX as a Sell, and 0 (0%) are recommending LRCX as a Strong Sell.

Is LAM Research undervalued?

Lam Research Corporation designs, manufactures, markets, refurbishes, and services semiconductor processing equipment used in the fabrication of integrated circuits. Undervalued with solid track record.

Is Lam Research overvalued?

LRCX stock looks overvalued at the moment, as its enterprise value to EBITDA ratio is 16.05 times compared to its historical average of 11.11 times. Also, its price to normalized earnings ratio is 19.58 times compared to its historical average of 15.19 times.

Does Lam Research make chips?

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

Is Marvel a buy or sell?

Marvell Technology has received a consensus rating of Moderate Buy. The company's average rating score is 2.86, and is based on 25 buy ratings, 4 hold ratings, and no sell ratings.

Is Lam Research a semiconductor company?

Lam Research Corporation is an American supplier of wafer fabrication equipment and related services to the semiconductor industry....Lam Research.TypePublic companyProductsSemiconductor manufacturing productsRevenueUS$14.63 billion (2021)Operating incomeUS$4.48 billion (2021)12 more rows

What is LAM Research do?

Lam Research Corporation is a supplier of wafer fabrication equipment and services to the semiconductor industry. The Company designs, manufactures, markets, refurbishes and services semiconductor processing equipment used in the fabrication of integrated circuits (ICs).

Is LRCX a semiconductor?

Lam Research: Undervalued Semiconductor Manufacturer (NASDAQ:LRCX) | Seeking Alpha.

Is Qualcomm a buy Zacks?

How good is it? See rankings and related performance below. The VGM Score are a complementary set of indicators to use alongside the Zacks Rank....Momentum Scorecard. More Info.Zacks RankDefinitionAnnualized Return1Strong Buy24.75%2Buy18.15%3Hold9.70%4Sell5.35%2 more rows

Why is Lam Research stock falling?

Summary. Lam Research stock is down as outlook below consensus mark was blamed on supply chain disruptions, plus COVID, labor shortages, and high gas prices. Applied Materials, which announces quarterly earnings next month will be negatively impacted as they share component suppliers with Lam.

What is Zacks rating of Amat?

Price and Volume InformationZacks Rank52 Week High167.0652 Week Low87.62Beta1.4320 Day Moving Average7,375,413.002 more rows

Should I buy or sell Lam Research stock right now?

20 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Lam Research in the last year. There are currently 10 h...

What is Lam Research's stock price forecast for 2022?

20 analysts have issued 12 month target prices for Lam Research's stock. Their forecasts range from $525.00 to $840.00. On average, they anticipate...

How has Lam Research's stock price performed in 2022?

Lam Research's stock was trading at $719.15 at the beginning of the year. Since then, LRCX stock has decreased by 34.0% and is now trading at $474....

Are investors shorting Lam Research?

Lam Research saw a increase in short interest in May. As of May 31st, there was short interest totaling 1,780,000 shares, an increase of 24.5% from...

When is Lam Research's next earnings date?

Lam Research is scheduled to release its next quarterly earnings announcement on Wednesday, July 27th 2022. View our earnings forecast for Lam Res...

How were Lam Research's earnings last quarter?

Lam Research Co. (NASDAQ:LRCX) announced its quarterly earnings data on Wednesday, April, 20th. The semiconductor company reported $7.40 earnings p...

How often does Lam Research pay dividends? What is the dividend yield for Lam Research?

Lam Research announced a quarterly dividend on Wednesday, May 11th. Investors of record on Wednesday, June 15th will be given a dividend of $1.50 p...

Is Lam Research a good dividend stock?

Lam Research(NASDAQ:LRCX) pays an annual dividend of $6.00 per share and currently has a dividend yield of 1.26%. Lam Research has been increasing...

What guidance has Lam Research issued on next quarter's earnings?

Lam Research issued an update on its fourth quarter 2022 earnings guidance on Wednesday, April, 27th. The company provided earnings per share guida...

Lam Research (NASDAQ:LRCX) Is Very Good At Capital Allocation

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AMF Tjanstepension AB Buys Berkshire Hathaway Inc, IQVIA Holdings Inc, Lam Research Corp, Sells ..

Tech stocks have come under pressure amid high inflation. That makes it time to buy the best of breed.

Callahan Advisors, LLC Buys D.R. Horton Inc, ViacomCBS Inc, Eagle Materials Inc, Sells ..

Investment company AMF Tjanstepension AB (Current Portfolio) buys Berkshire Hathaway Inc, IQVIA Holdings Inc, Lam Research Corp, Nutrien, Waste Management Inc, sells Adobe Inc, Texas Instruments Inc, Salesforce.com Inc, Thermo Fisher Scientific Inc, Eaton Corp PLC during the 3-months ended 2021Q4, according to the most recent filings of the investment company, AMF Tjanstepension AB..

This Dirt-Cheap Semiconductor Stock Could Skyrocket in the Long Run

Houston, TX, based Investment company Callahan Advisors, LLC (Current Portfolio) buys D.R.

Pzena Investment Management LLC Buys SS&C Technologies Holdings Inc, Fresenius Medical Care ..

Shares of Lam Research (NASDAQ: LRCX) took a beating after the company released disappointing fiscal 2022 second-quarter results for the three months ending on Dec. 26, 2021. Lam stock fell 7% following the release of the earnings report on Jan.

VeraBank, N.A. Buys S&P MidCap 400 ETF, Meta Platforms Inc, Vanguard FTSE Developed Markets ..

New York, NY, based Investment company Pzena Investment Management LLC (Current Portfolio) buys SS&C Technologies Holdings Inc, Fresenius Medical Care AG.

Several of the semiconductor equipment company's big customers reported positive developments, bringing its shares up along with them

Investment company VeraBank, N.A. (Current Portfolio) buys S&P MidCap 400 ETF, Meta Platforms Inc, Vanguard FTSE Developed Markets ETF, iShares Russell 2000 ETF, iShares S&P Mid-Cap 400 Growth ETF, sells Vanguard Mid-Cap ETF, iShares Core MSCI Emerging Markets ETF, iShares Core Total USD Bond Market ETF, PayPal Holdings Inc, iShares Core U.S.

What happened

I love looking at the "story" behind investments from an interdisciplinary point of view, with an equal appetite for high-growth disruptors and beaten-down value names.

So what

Shares of Lam Research ( NASDAQ:LRCX) rose 18.2% in June, according to data from S&P Global Market Intelligence. The semiconductor equipment stock received a boost after several promising announcements from high-profile customers during the month.

Now what

In mid-June, the world's largest semiconductor foundry, Taiwan Semiconductor Manufacturing ( NYSE:TSM), announced that it would be investing $12 billion in a new advanced semiconductor manufacturing plant in Arizona. Taiwan Semiconductor will reportedly get subsidies from the U.S.

What happened

Lam actually entered June as this Fool's favorite stock, so I'm glad to see that bet pay off. Its future remains quite bright, with exponentially increasing needs for more-advanced semiconductors and memory solutions to power 5G, artificial intelligence, and the Internet of Things.

So what

Shares of Lam Research ( NASDAQ:LRCX) slipped 10.8% in August, according to data from S&P Global Market Intelligence. The company's shares fell despite substantial momentum for both the broader market and the semiconductor industry.

Now what

Economic and diplomatic tensions between the U.S. and China flared back up in August, with disputes centering around technologies including 5G and the TikTok social network owned by Chinese company ByteDance.

Top Line in Detail

Lam Research stock has seen significant recovery early in September's trading. The company's share price has climbed nearly 8% in the month so far.

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.