A month has gone by since the last earnings report for Lam Research (LRCX) . Shares have added about 9.1% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Lam Research due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts. Lam Research Q2 Earnings & Revenues Beat, Decline ...

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?Let's take a look at what these Wall Street heavyweights have to say about Lam Research (LRCX) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.Lam Research currently has an average brokerage recommendat ...

Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Even ...

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.Over the past month, shares of this semiconductor equipment maker have returned +8.4%, compared to the Zacks S&P 500 composite's +3% change. During this period, the Zacks Semiconductor Equipment - Wafer Fabrication industry, which Lam Research falls in, has gained 15.9%. The key question now is: What could be the stock ...

Lam Research (LRCX) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.Shares of this semiconductor equipment maker have returned +13.2% over the past month versus the Zacks S&P 500 composite's +6.5% change. The Zacks Semiconductor Equipment - Wafer Fabrication industry, to which Lam Research belongs, has gained 24% over this period. Now the key question is: Where cou ...

The Computer and Technology group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Lam Research (LRCX) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.Lam Research is one of 621 individual stocks in the Computer and Technology sector. Collectively, these companies sit at #11 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order ...

Lam Research (LRCX) reported $3.76 billion in revenue for the quarter ended December 2023, representing a year-over-year decline of 28.8%. EPS of $7.52 for the same period compares to $10.71 a year ago.The reported revenue represents a surprise of +1.30% over the Zacks Consensus Estimate of $3.71 billion. With the consensus EPS estimate being $7.06, the EPS surprise was +6.52%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Str ...

Revenue and Income - Revenue for the December 2023 quarter was $3,758.3 million, an increase of 8% compared to $3,482.1 million in the September 2023 quarter, primarily driven by increased investments in the DRAM market segment[79]. - Net income for the December 2023 quarter was $954.3 million, compared to $887.4 million in the September 2023 quarter, resulting in diluted net income per share of $7.22, up from $6.66[79]. Gross Margin and Expenses - Gross margin for the December 2023 quarter was $1,757.5 million, representing 46.8% of total revenue, down from 47.5% in the September 2023 quarter, mainly due to restructuring-related activities and unfavorable product mix[79][80]. - Total operating expenses for the December 2023 quarter were $700.2 million, an increase from $631.7 million in the September 2023 quarter, primarily due to higher employee-related costs[79][80]. - Research and Development (R&D) expenses for the three months ended December 24, 2023, were $469,712 thousand, accounting for 12.5% of revenue, up from 12.1% in the previous quarter[87]. - Selling, General, and Administrative (SG&A) expenses for the three months ended December 24, 2023, were $228,843 thousand, or 6.1% of revenue, compared to 5.9% in the previous quarter[89]. - Restructuring charges for the three months ended December 24, 2023, were $16,645 thousand, representing 0.4% of revenue, an increase from 0.3% in the previous quarter[91]. Cash Flow and Investments - Cash and cash equivalents, investments, and restricted cash and investments increased to $5.6 billion at the end of the December 2023 quarter, up from $5.2 billion at the end of the September 2023 quarter[81]. - Net cash provided by operating activities for the six months ended December 24, 2023, was $2,405,003 thousand, with a net income of $1,841,664 thousand[107]. - Net cash used for investing activities during the six months ended December 24, 2023, was $176.6 million, primarily due to $192.3 million in capital expenditures[108]. - Net cash used for financing activities during the six months ended December 24, 2023, was $2.2 billion, mainly from $1,488.7 million in treasury stock repurchases and $494.7 million in dividends paid[109]. Deferred Revenue and Workforce - The deferred revenue balance increased to $1,928.0 million at the end of the December 2023 quarter, up from $1,690.4 million at the end of the September 2023 quarter, mainly due to an increase in advanced deposits[79]. - Employee headcount as of December 24, 2023, was approximately 17,200[81]. - The company incurred a charge of approximately $107.1 million for workforce actions associated with a restructuring plan in the second half of fiscal year 2023[77]. Future Outlook and Risks - The company expects to incur expenditures in the range of $300 million for business process improvements and restructuring activities throughout the 2024 fiscal year[77]. - The company expects anticipated cash flows from operations to be sufficient to support operations and investments for at least the next twelve months[110]. - Future liquidity will heavily depend on future revenues and cost management based on product demand[111]. - The company has substantial cash balances but may require additional funding through borrowings or sales of debt/equity securities[111]. - Access to capital markets is expected to be adequate for meeting objectives, though macroeconomic conditions may pose challenges[111]. - Market risk exposure related to interest rates, equity prices, and foreign currency exchange rates has not changed materially since June 25, 2023[112].

Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.While many investors like to look for moment ...

Have you been paying attention to shares of Lam Research (LRCX) ? Shares have been on the move with the stock up 9.6% over the past month. The stock hit a new 52-week high of $900.09 in the previous session. Lam Research has gained 10.5% since the start of the year compared to the 63.7% move for the Zacks Computer and Technology sector and the 71.5% return for the Zacks Semiconductor Equipment - Wafer Fabrication industry.What's Driving the Outperformance?The stock has an impressive record of positive earni ...