After enduring a downturn in 2023, the semiconductor industry has been steadily making a rebound. A period of sluggishness due to various economic challenges and supply-chain disruptions appears to be receding, paving the way for a rebound.This is evident from the monthly data on global semiconductor sales from the Semiconductor Industry Association (“SIA”). On Apr 3, SIA reported that global semiconductor sales increased 16.3% year over year in February 2024 to $46.2 billion. This year-over-year growth tre ...

Lam Research (LRCX) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #2 (Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change.The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate.Individual investors often find i ...

The company certainly feels like the right kind of business at the right time for its market.The stock of semiconductor equipment maker Lam Research (LRCX -5.29%) has done very well of late (it's up 87% over the past year), yet one pundit tracking the company believes it can go even higher. In his view, the stock is well positioned to break through the $1,000-per-share level, setting a new all-time-high share price.Stifel analyst feels Lam Research could touch a new record highIn mid-April, Stifel Financial ...

In the latest market close, Lam Research (LRCX) reached $965.04, with a +1.99% movement compared to the previous day. The stock's performance was ahead of the S&P 500's daily gain of 0.03%. At the same time, the Dow added 0.41%, and the tech-heavy Nasdaq gained 0.12%.The semiconductor equipment maker's stock has climbed by 2.26% in the past month, exceeding the Computer and Technology sector's loss of 0.55% and the S&P 500's loss of 0.9%.Investors will be eagerly watching for the performance of Lam Research ...

Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering Lam Research (LRCX) , which belongs to the Zacks Semiconductor Equipment - Wafer Fabrication industry.This semiconductor equipment maker has an established record of topping earnings estimates, especially when looking at the previous two reports. The company boasts an average surprise for the past two quarters of 9.68%.For the most recent quarter, Lam Researc ...

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?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 recom ...

MF3d Lam Research (NASDAQ:LRCX) is the stalwart backbone of the semiconductor industry producing the wafer fabrication equipment required to produce semiconductors worldwide. While it doesn't have the monopoly status of ASML Holdings (ASML) with its advanced EUV lithography machines, it is an integral and essential part of the semiconductor food chain, without which most of the industry would not survive. I own it and had planned to recommend it several times but often baulked at the cyclical, commodity ...

Yuji Sakai/DigitalVision via Getty Images Investment Thesis Lam Research (NASDAQ:LRCX) is set to announce earnings at the end of the month. In my opinion, Lam is going to beat estimates this quarter and trade higher in response. Lam is a semi-cap company with substantial exposure to the memory market, making it liquid gold for 2024 as the DRAM and NAND recover. The stock already outperformed the S&P 500 in the first quarter of the year, up 30% between January and March, while the S&P 500 is up ~10%. I e ...

Lam Research (LRCX) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.Shares of this semiconductor equipment maker have returned +0.4% over the past month versus the Zacks S&P 500 composite's +2.2% change. The Zacks Semiconductor Equipment - Wafer Fabrication industry, to which Lam Research belongs, has lost 0.1% over this period. Now the key question is: Where could the stock be ...

Lam Research (LRCX) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.Shares of this semiconductor equipment maker have returned +3.4% over the past month versus the Zacks S&P 500 composite's +3.6% change. The Zacks Semiconductor Equipment - Wafer Fabrication industry, to which Lam Research belongs, has gained 1.7% over this period. Now the key question is: Where could the stock be heade ...