Shares of Lam Research (LRCX) have gained 9.8% over the past four weeks to close the last trading session at $80.61, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. Going by the price targets, the mean estimate of $102.67 indicates a potential upside of 27.4%. The average comprises 25 short-term price targets ranging from a low of $77.40 to a high of $132.50, with a standard deviation of $12.64. While the lowest estimate indic ...

Micron's latest results suggest the memory chip market is in great shape. That's solid news for another semiconductor company. Micron Technology (MU 1.97%) released its results for fiscal 2024 on Sept. 25. The data released offers a clear indication that the memory chip market is hot thanks to favorable supply/demand dynamics. Micron reported $7.75 billion in fiscal Q4 revenue, a stunning increase of 93% year over year. Additionally, the company's operating income margin swung to a positive 22.5% from a neg ...

FREMONT, Calif., Oct. 2, 2024 /PRNewswire/ -- Lam Research Corp. (NASDAQ: LRCX) today announced that the company will host its quarterly financial conference call and webcast on Wednesday, October 23, 2024, beginning at 2:00 p.m. Pacific Daylight Time (5:00 p.m. Eastern Daylight Time). Webcast: To access the webcast, visit the Investors section of Lam's website at http://www.lamresearch.com and click on the Investors/Investors Overview/Events & Presentations section to view the details. Replay Information: ...

Shares of Lam Research Corp (LRCX, Financial) surged 3.92% in mid-day trading on Oct 2. The stock reached an intraday high of $830.37, before settling at $828.66, up from its previous close of $797.40. This places LRCX 26.67% below its 52-week high of $1,130.00 and 44.26% above its 52-week low of $574.42. Trading volume was 335,901 shares, 25.5% of the average daily volume of 1,318,679. Wall Street Analysts Forecast Based on the one-year price targets offered by 25 analysts, the average target price for Lam ...

Lam Research's (LRCX) shares have lost 22% in the past three months compared with the industry and the broader technology sector's 17.8% and 0.5% declines, respectively. This has left investors questioning whether it is the time to buy the dip. This decline is not an isolated incident but part of a broader market sell-off triggered by macroeconomic challenges that have been taking a toll on the broader technology sector. Apart from LRCX's drop, other semiconductor companies encountered weaknesses. ASML Hold ...

Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Lam Research. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool. ...

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important? 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) . Lam Research currently has an average brokerage recommendation (ABR) of ...

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Lam Research (LRCX) closed the most recent trading day at $758.47, moving -1.46% from the previous trading session. This move lagged the S&P 500's daily gain of 0.13%. Elsewhere, the Dow gained 0.55%, while the tech-heavy Nasdaq lost 0.52%. Shares of the semiconductor equipment maker witnessed a loss of 11.64% over the previous month, trailing the performance of the Computer and Technology sector with its gain of 1.56% and the S&P 500's gain of 3.67%. Market participants will be closely following the financ ...

H 1 T I I t I t 0 = l 1 l l n a m I Sundry Photography Investment Thesis Lam Research (NASDAQ:LRCX) a leading supplier of wafer-fabrication equipment, is poised to benefit from the ongoing recovery in the memory capex cycle heading into FY2025. Despite a recent pullback in semiconductor stocks due to macro concerns, demand for memory chips remains strong. While LRCX topped both revenue and earnings expectations in its 4Q FY2024 report, the stock is down 30% from its July high. The company had previously exp ...