LRCX - Lam Research Corporation
| Previous Close | 208.05 |
| Open | 210.00 |
| Bid | 0.00 x 1300 |
| Ask | 0.00 x 1200 |
| Day's Range | 205.41 - 208.55 |
| 52 Week Range | 122.64 - 218.49 |
| Volume | 854,912 |
| Avg. Volume | 1,877,929 |
| Market Cap | 29.863B |
| Beta (3Y Monthly) | 1.57 |
| PE Ratio (TTM) | 15.09 |
| EPS (TTM) | 13.70 |
| Earnings Date | Oct 14, 2019 - Oct 18, 2019 |
| Forward Dividend & Yield | 4.40 (2.11%) |
| Ex-Dividend Date | 2019-06-11 |
| 1y Target Est | 221.60 |
- GuruFocus.com
Lam Research Corp (LRCX) Files 10-K for the Fiscal Year Ended on June 30, 2019
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...
- Zacks
Are Options Traders Betting on a Big Move in Lam Research (LRCX) Stock?
Investors need to pay close attention to Lam Research (LRCX) stock based on the movements in the options market lately.
- Simply Wall St.
These Factors Make Lam Research Corporation (NASDAQ:LRCX) An Interesting Investment
Attractive stocks have exceptional fundamentals. In the case of Lam Research Corporation (NASDAQ:LRCX), there's is a...
- TheStreet.com
[video]Lam Research's Market Outperformance Should Only Continue
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.
- InvestorPlace
A Low-Risk Way to Trade Micron Stock
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.
- Investor's Business Daily
Apple Leads Dow Jones Rally; Chip Stocks Micron, Lam Research Power Nasdaq
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.
- Thomson Reuters StreetEvents
Edited Transcript of LRCX earnings conference call or presentation 31-Jul-19 9:00pm GMT
Q4 2019 Lam Research Corp Earnings Call
- GlobeNewswire
Lam Research Adds Global Wafer Stress Management Solutions to Portfolio for 3D NAND Scaling
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.
- GlobeNewswire
Lam Research Corporation Announces Participation at Upcoming Conference
FREMONT, Calif., Aug. 06, 2019 -- Lam Research Corporation (Nasdaq: LRCX) today announced its participation at upcoming investor event: Monday, August 12, 2019 – KeyBanc.
- Simply Wall St.
Why Dividend Hunters Love Lam Research Corporation (NASDAQ:LRCX)
Is Lam Research Corporation (NASDAQ:LRCX) a good dividend stock? How can we tell? Dividend paying companies with...
- Motley Fool
Why Lam Research Rose 11.1% in July
The semiconductor equipment maker got some lucky breaks last month.
- Zacks
After Upbeat July, Will Semiconductor ETFs Slump in August?
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.
- TheStreet.com
Guidance from Samsung and Others Suggests Memory Industry Is Nearing a Bottom
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.
- Motley Fool
Lam Research Keeps Its Head Down in a Tough Market
With uncertainty and trade concerns weighing on the industry, the semiconductor-processing equipment company is focusing on factors within its control.
- Benzinga
Credit Suisse: Lam Research Faces Near-Term Pressures, But Long-Term Drivers Are Intact
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. ...
- Zacks
Lam Research (LRCX) Q4 Earnings & Revenues Beat Estimates
Lam Research (LRCX) reports strong fiscal fourth-quarter results on the back of solid execution.
- Investor's Business Daily
Dow Jones Futures: Three Stock Market Lessons From Wednesday's Sell-Off; 5 Stocks Moving On Earnings
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.
- TheStreet.com
Powell's Verbal Fouls, an Equity Beatdown and Silence of the Lam: Market Recon
The Fed chairman's news conference threw markets for a loop with hawkish words that did not support the Fed's dovish actions.
- TheStreet.com
Federal Reserve, Verizon, GM, Qualcomm, Twilio - 5 Things You Must Know
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.
Motley FoolLam Research Corp (LRCX) Q4 2019 Earnings Call Transcript
LRCX earnings call for the period ending June 30, 2019.
- Zacks
Lam Research (LRCX) Tops Q4 Earnings and Revenue Estimates
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?
- MarketWatch
Lam Research earnings cut nearly in half amid chip inventory glut
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%.
- TheStreet.com
Lam Research Falls Despite Beating Earnings Estimates
The semiconductor equipment maker posted large year-over-year declines in both profits and sales, but managed to beat expectations.
- Investing.com
Lam Research Earnings Beat, Revenue Inline In Q4
Investing.com - Lam Research (NASDAQ:LRCX) reported fourth quarter earnings that beat analysts' expectations on Wednesday and revenue that was inline with forecasts.
- Zacks
What's in Store for Lam Research (LRCX) This Earnings Season?
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.
![[video]Lam Research's Market Outperformance Should Only Continue](https://s.yimg.com/uu/api/res/1.2/9ZdHF7KZMuN4FEkfiDwswA--~B/Zmk9c3RyaW07aD0xMjM7cHlvZmY9MDtxPTgwO3c9MjIwO3NtPTE7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/thestreet.com/d8b99ab8101f4e909ab61f61542d3f0a)
