|Bid||235.52 x 800|
|Ask||235.99 x 800|
|Day's Range||233.95 - 237.90|
|52 Week Range||122.64 - 237.90|
|Beta (3Y Monthly)||1.55|
|PE Ratio (TTM)||17.19|
|Earnings Date||Oct 14, 2019 - Oct 18, 2019|
|Forward Dividend & Yield||4.60 (1.96%)|
|1y Target Est||225.60|
A Wall Street analyst on Friday raised his price targets on semiconductor equipment makers Applied Materials and Lam Research, citing increased capital spending by key customer Taiwan Semi.
Lam Research Corporation (LRCX) today announced it has presented six companies with 2019 Supplier Excellence Awards. The recipients were selected from Lam’s preferred global suppliers and were acknowledged for their outstanding service, superior performance, and commitment to quality in their collaboration with Lam.
Amid China trade hopes, chip stocks are leading the market rally. ASML and Lam Research are in buy zones. Broadcom, Applied Materials and Lattice Semiconductor are close.
In the daily bar chart of LRCX, below, we can see the rally this year. The trading volume looks pretty even the past seven months but the On-Balance-Volume (OBV) line show a strong rise telling us that buyers of LRCX have been more aggressive. In the weekly bar chart of LRCX, below, we can see that prices have come within in a fraction of the early 2018 zenith.
Key market indexes held solid gains heading into the last hour of trade. The Dow Jones index rallied more than 200 points thanks to Intel, Apple and Nike.
Despite the current down cycle in the semiconductor industry, a Wall Street firm has turned positive on semiconductor equipment manufacturers. Evercore ISI upgraded KLA and Lam Research.
Shares of Lam Research Corp. are up 0.6% in premarket trading Tuesday after Evercore ISI analyst C.J. Muse upgraded the stock to outperform from in-line. "As we look to earnings power of $16.50 into CY20 followed by potential path to $20 in CY21 largely on mix and service growth, we think Lam is ripe to work again," he said in a note to clients. He sees renewed memory spending as "only a matter of 'when,' not 'if.'" Muse set a $250 price target on Lam shares, up from $195 previously. He also turned bullish on KLA Corp.'s stock , writing that the shares are "difficult to ignore" given his view of "a clear path to $10+ in EPS in CY20" and the company's growing exposure to 5G and automotive trends. KLA shares are up 0.1% in premarket trading, and they've gained 45% over the past three months as Lam's stock has increased 22%. The S&P 500 is up 6.6% in that time, while the PHLX Semiconductor Index is up 16%.
After reading Lam Research Corporation's (NASDAQ:LRCX) most recent earnings announcement (30 June 2019), I found it...
FREMONT, Calif., Aug. 29, 2019 -- Lam Research Corporation (Nasdaq: LRCX) today announced that its Board of Directors has approved a $0.05 increase in its quarterly dividend.
Lam Research Corporation (LRCX) today announced that Stephen G. Newberry, who has served as the company's chairman of the board of directors since 2012 and as a member of the board since 2005, has decided to retire from his position on Lam's board, effective the close of business on November 4, 2019, just prior to the company's annual meeting of stockholders which will be held on November 5, 2019. The board appointed Abhijit Y. Talwalkar to succeed Mr. Newberry as chairman upon his reelection to the board at the annual meeting. Mr. Talwalkar has been a member of Lam’s board since 2011 and currently serves as the board’s lead independent director.
Lam Research Corporation (LRCX) today announced that Christine Heckart has resigned from its board of directors effective the close of business on November 4, 2019, just prior to the company's annual meeting of stockholders which will be held on November 5, 2019. “Christine has been a valued member of Lam’s board of directors, and we would like to express our gratitude for her contribution and service,” said Stephen G. Newberry, chairman of Lam Research. “Her business and marketing expertise, as well as her technology industry experience, greatly benefitted Lam as our end markets expanded to include the Internet of Things, cloud computing, virtual reality, and artificial intelligence.
FREMONT, Calif., Aug. 23, 2019 -- Lam Research Corporation (Nasdaq: LRCX) today announced its participation at upcoming investor events: Thursday, September 5, 2019 – Citi.
IHS Markit, a financial data firm, expects two technology companies, L3Harris Technologies and Lam Research, to announce dividend increases next week.
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.