|Bid||0.00 x 1300|
|Ask||0.00 x 1200|
|Day's Range||205.41 - 208.55|
|52 Week Range||122.64 - 218.49|
|Beta (3Y Monthly)||1.57|
|PE Ratio (TTM)||15.09|
|Earnings Date||Oct 14, 2019 - Oct 18, 2019|
|Forward Dividend & Yield||4.40 (2.11%)|
|1y Target Est||221.60|
Lam Research Corp (LRCX) files its latest 10-K with SEC for the fiscal year ended on June 30, 2019. Lam Research Corp functions in the semiconductor industry. Continue reading...
Attractive stocks have exceptional fundamentals. In the case of Lam Research Corporation (NASDAQ:LRCX), there's is a...
The chip equipment maker has been outperforming the market and semiconductors broadly for the last three years, and there's no hint an end is in sight.
Shares of Micron (NASDAQ:MU) have been volatile, which is no surprise given the current landscape of the stock market right now. Take virtually any news headline and it's easy to see its impact on the stock market.Source: Shutterstock The yield curve, slowing national economies like Germany, the market and currency implosion in Argentina and of course, the trade war, can all impact stocks. But the trade war is the big one for Micron stock because the conflict has a huge impact on semiconductor companies.In the case of MU, sometimes the impact of the conflict is direct and other times it's indirect. But if MU's semi, memory and chip peers -- like Applied Materials (NASDAQ:AMAT), Lam Research (NASDAQ:LRCX), Advanced Micro Devices (NASDAQ:AMD) and Western Digital (NASDAQ:WDC) -- are struggling, there's a good chance that MU stock will struggle too.InvestorPlace - Stock Market News, Stock Advice & Trading TipsMoreover, supply/demand issues have weighed on memory manufacturers like MU as well. That's why we've slowly seen estimates for MU's top and bottom lines dwindle over the last nine months. * 10 Cheap Dividend Stocks to Load Up On There has been optimism that MU and its peers have reached a bottom. If that's the case, it would be quite a powerful positive catalyst for MU stock price. Valuing Micron StockThe one thing investors have always pounded the table on when it comes to MU is its low valuation. But that low valuation is there for a reason; specifically, MU operates in a boom-bust business cycle. When the climate is right, its sales and earnings surge. But when demand dries up or supply builds too much (or both), its earnings and revenue are hammered.No one wants to pay an average price=earnings multiple for that, let alone a premium. Some analysts, however, have said that if Micron stock traded with the same multiple as the S&P 500, then MU stock price would be much higher than it is.But modeling a price target on a stock based on the assumption that investors will dramatically raise its valuation is a fool's game. That doesn't happen often and when it does come to fruition, there's no way of knowing what the final valuation will be. Investors really need to analyze each stock based on its own merit and history.In Micron's case, it has a low valuation, and that probably won't change unless a modification of its underlying business alters its outlook. Analysts, on average, expect MU to generate earnings per share of $6.22 this year, leaving Micron valued at 6.75 times the average EPS estimate.However, the average EPS estimate for 2020 is just $2.50. If the average estimates prove correct, MU's EPS will sink 60% year-over-year in 2020, and MU stock is trading at 16.8 times its 2020 EPS. Moreover, the average estimates call for MU's sales to fall 24% this year and another 15% in 2020.The average estimates for 2020 may be too bearish, but that emphasizes exactly what we're talking about: Micron's business is too volatile to command a higher valuation. Trading MU Stock Click to EnlargeThe wild swings of MU's earnings and revenue are too much for many investors. For those who do want to buy Micron stock, perhaps it's best to accumulate it when the news has worsened considerably and sell the shares when it seems like blue skies for MU.On Tuesday, MU stock fired higher, briefly eclipsing $45. However, the prior resistance zone between $44 and $45 held it in check. It didn't help that Micron's 38.2% retracement level is near $44 as well, while its declining 20-day moving average was $43.11.We have been highlighting this resistance zone for months now, and there's currently a lot of resistance in this area.The rhetoric about MU is improving, but investors are still pretty cautious on the name. Luckily for the owners of Micron stock, the charts have somewhat definitive levels.Bulls either need to see Micron stock price overcome its resistance or get cheaper before buying Micron stock. Bulls who are waiting for the shares to overcome resistance should look for a close north of the $44-$45 zone. If that happens, MU stock can reach its July highs near $49.Aggressive bulls waiting for MU to get cheaper may feel confident near $41. There, MU stock price will be near the 50% retracement level and the 50-day moving average, which is trending higher. Conservative bulls may wait for a correction down into the $39 area. There it will encounter prior support from July, as well as the 200-day moving average. Further, the 61.8% retracement level near $38 should help boost MU stock.In either scenario, buyers need to use extreme caution below $38. If this level give way, MU can decline into the low- to mid-$30s.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Cheap Dividend Stocks to Load Up On * The 10 Biggest Losers from Q2 Earnings * 5 Dependable Dividend Stocks to Buy The post A Low-Risk Way to Trade Micron Stock appeared first on InvestorPlace.
The Dow Jones held a solid gain in afternoon trading, helped by positive developments in the China trade war. Apple, Intel and Caterpillar led the way.
Lam Research Corp. (LRCX) today announced new solutions to help customers increase chip memory density, which is needed for applications such as artificial intelligence and machine learning. With the introduction of VECTOR® DT for backside deposition and EOS® GS wet etch for film removal on backside and bevel, Lam continues the expansion of its stress management product portfolio. While high aspect ratio deposition and etching are key enablers for 3D NAND scaling, the combination of increasing the number of layers while controlling wafer bow due to cumulative stress in the film stack has become a major challenge.
FREMONT, Calif., Aug. 06, 2019 -- Lam Research Corporation (Nasdaq: LRCX) today announced its participation at upcoming investor event: Monday, August 12, 2019 – KeyBanc.
Renewed U.S.-China trade tensions, hawkish rate outlook by the Fed and some downbeat earnings releases may lead semiconductor ETFs to slump in the near term.
Samsung and Western Digital both suggest memory demand is improving following a very rough first half of the year. And Lam Research's outlook suggests industry supply growth is falling sharply.
With uncertainty and trade concerns weighing on the industry, the semiconductor-processing equipment company is focusing on factors within its control.
While Lam Research Corporation (NASDAQ: LRCX ) reported its fourth-quarter revenue and EPS ahead of expectations, its first-quarter guidance was disappointing on both fronts, according to Credit Suisse. ...
Dow futures: Wednesday's stock market action wasn't positive, but it teaches key lessons. Don't fight the Fed, focus on the real leaders and don't buy before earnings.
The Fed chairman's news conference threw markets for a loop with hawkish words that did not support the Fed's dovish actions.
U.S. stock futures rise, the day after the Federal Reserve cut interest rates for the first time in more than a decade but Fed Chairman Jerome Powell hinted that future cuts aren't guaranteed; Verizon, GM and DuPont report earnings Thursday; Qualcomm slides on a weak fiscal fourth-quarter forecast.
Lam Research (LRCX) delivered earnings and revenue surprises of 6.47% and 0.47%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?
Lam Research Corp.'s earnings were nearly cut in half from last year in its fiscal fourth quarter, according to an earnings report released Wednesday, but still beat downgraded expectations amid a chip glut. Shares in the semiconductor-equipment supplier initially fell about 2% in late trading after the report was released, then climbed back to slight gains. Lam Research reported fiscal fourth-quarter profit of $541.8 million, or $3.51 a share, down from net income of $1.02 billion a year ago. Sales were $2.36 billion, down from $3.13 billion in the year-ago quarter. After adjusting for restructuring charges and other factors, the company said it had earnings of $3.62 a share. Analysts on average expected adjusted earnings of $3.42 a share on revenue of $2.36 billion. Lam projected revenue in the current quarter of $2 billion to $2.3 billion, while analysts had been projecting $2.28 billion. Lam research shares have gained 53.2% so far this year, as the S&P 500 index has increased 20.2%.
Investing.com - Lam Research (NASDAQ:LRCX) reported fourth quarter earnings that beat analysts' expectations on Wednesday and revenue that was inline with forecasts.
Lam Research's (LRCX) fiscal fourth-quarter results are likely to benefit from strength in non-memory markets and robust equipment demand. However, PC volatility and competition remain concerns.