We're reaffirming our buy-rating on Lam Research Corporation (NASDAQ:LRCX) ahead of its fourth quarter of FY2024 results at the end of the month, scheduled for July 31st. The stock has outperformed the S&P 500 (SP500) by 37% since our upgrade to buy in late November last year, as shown in our rating history chart below. We expect more material outperformance for LRCX in FY25 due to the recovery of wafer fabrication equipment spend or WFE in the back end of the year and in 2025, specifically memory WFE spend ...

FREMONT, Calif., July 10, 2024 /PRNewswire/ -- Lam Research Corp. (NASDAQ: LRCX) today announced that the company will host its quarterly financial conference call and webcast on Wednesday, July 31, 2024, beginning at 2:00 p.m. Pacific Daylight Time (5:00 p.m. Eastern Daylight Time). Replay Information: A webcast replay will be available on the Lam Research website approximately three hours after the conference call concludes. Lam Research Corporation (NASDAQ: LRCX) is a global supplier of innovative wafer ...

H 1 T I I t I t 0 = l 1 l i n a m Sundry Photography VAL Lam Research Corp (LRCX) Price 1056.78 1075.00 1025.00 1000.00 Jun 25 Jun 26 Jun 21 Jun 27 Seeking AlphaQ Jun 27, 2024, 5:40 PM EDT Powered by YC H A R T S Data by Y Charts This article will diseuss what to expect from the company in the near term, its long-term growth drivers, and its valuation. It will also discuss a few risks and why, despi the risks, I still rate Lam a Buy. The following chart shows that Lam has lagged behind the returns of the Va ...

The company's upbeat guidance has attracted several fans on Wall Street. The stock is currently rated as a "strong buy" with a projected 6% upside. The highest price target of $200 per share implies that TSM stock can gain an additional 19%. Micron Technology (MU) Source: Charles Knowles / Shutterstock.com Micron Technology (NASDAQ:MU) is another semiconductor stock that has comfortably outperformed the stock market. Shares are up by 69% year-to-date and have gained 260% over the past five years. The $154 b ...

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 ...