Caution Regarding Forward-Looking Statements Statements made in this press release that are not of historical fact are forward-looking statements and are subject to the safe harbor provisions created by the Private Securities Litigation Reform Act of 1995. Such forward-looking statements relate to, but are not limited to: our sustainability progress; the role and significance of our technology within our industry; the future sustainability of our operations and products; our ESG goals, including our net zer ...

Even though momentum is a popular stock characteristic, it can be tough to define. Debate surrounding which are the best and worst metrics to focus on is lengthy, but the Zacks Momentum Style Score, part of the Zacks Style Scores, helps address this issue for us. You can see the current list of Zacks #1 Rank Stocks here >>> For LRCX, shares are up 1.39% over the past week while the Zacks Semiconductor Equipment - Wafer Fabrication industry is up 1.12% over the same time period. Shares are looking quite well ...

Super Micro Computer (SMCI) At 25.38 times forward price-to-earnings (P/E), I fail to see how SMCI stock can be considered a bubble. It's never fun to buy a stock after an already remarkable run, but Super Micro still has the means to supercharge growth further. With the firm to help supply Elon Musk's xAI supercomputer, the beginning of the end for Super Micro's growth boom may not be here quite yet. At 28.6 times forward P/E, the $902 billion Taiwan-based foundry giant still seems a bit conservatively pri ...

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Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Lam Research (LRCX) . Brokerage Recommendation Trends for LRCX Are you wondering why? The vested interest of brokerage firms in a stock they cover often results in a strong positive bias of their analysts in rating it. Our research shows that for every "Strong Sell" recommendation, brokerage firms assign five "Strong Buy" recommendations. Zacks Rank ...

Investors should also note that LRCX has a PEG ratio of 3.58 right now. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. By the end of yesterday's trading, the Semiconductor Equipment - Wafer Fabrication industry had an average PEG ratio of 3.35. Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To exploit this, we've formed th ...

Core Insights - Investors are increasingly attracted to companies that have enacted stock splits, viewing them as potential outperformers in volatile markets [1][2] - Stock splits are primarily cosmetic changes that do not affect a company's market capitalization or operational performance [3] - Companies conducting forward stock splits are often seen as outperforming their competition through innovation and execution [4] Nvidia - Nvidia completed a 10-for-1 forward stock split on June 7, 2024, and is expected to trade at its split-adjusted price starting June 10, 2024 [6] - Analysts predict Nvidia could see a price target of $1,500, suggesting a potential upside of 29% over the next year, which would increase its market cap to approximately $3.7 trillion [19] - Nvidia's dominance in AI-accelerated data centers is underscored by its GPUs accounting for around 90% of the market [20] Sony Group - Sony announced a 5-for-1 stock split in May, with shares expected to trade at their split-adjusted price on October 8, 2024 [22] - Analysts project a 26% upside for Sony, with a target price of $108, driven by growth in gaming services and image sensor demand [9][23] - The company is benefiting from an increase in PlayStation Plus subscription revenue, despite a decline in PlayStation 5 console sales [10] Lam Research - Lam Research approved a 10-for-1 forward stock split on May 21, 2024, with shares expected to trade at the split-adjusted price on October 3, 2024 [12] - Analysts have set a price target of $1,200 for Lam, indicating a potential upside of 30% over the next year [25] - The company is positioned to benefit from the growing demand for high-bandwidth memory in AI applications, although regulatory challenges may limit growth [13][14]

The 50-day simple moving average, which is one of three major moving averages, is widely used by traders and analysts to establish support and resistance levels for a range of securities. Because it's the first sign of an up or down trend, the 50-day is considered to be more important. The bullish case solidifies once investors consider LRCX's positive earnings estimate revisions. No estimate has gone lower in the past two months for the current fiscal year, compared to 10 higher, while the consensus estima ...

Lam Research Corporation (NASDAQ:LRCX) BofA Securities 2024 Global Technology Conference June 4, 2024 12:20 PM ET Company Participants Doug Bettinger - Executive Vice President and Chief Financial Officer Conference Call Participants Vivek Arya - Bank of America Merrill Lynch Vivek Arya This session, I'm Vivek Arya, I lead the semiconductor coverage at Bank of America Securities. I'm really delighted and honored to have Doug Bettinger, CFO of Lam Research, joining us this morning. What I thought we would do ...

Lam Research Corporation (NASDAQ:LRCX) BofA Securities 2024 Global Technology Conference June 4, 2024 12:20 PM ET Company Participants Doug Bettinger - Executive Vice President and Chief Financial Officer Conference Call Participants Vivek Arya - Bank of America Merrill Lynch Vivek Arya This session, I'm Vivek Arya, I lead the semiconductor coverage at Bank of America Securities. I'm really delighted and honored to have Doug Bettinger, CFO of Lam Research, joining us this morning. What I thought we would do ...