281.95 0.00 (0.00%)
After hours: 5:00PM EST
|Bid||281.50 x 1000|
|Ask||284.24 x 1400|
|Day's Range||281.80 - 288.87|
|52 Week Range||122.64 - 288.87|
|Beta (5Y Monthly)||1.64|
|PE Ratio (TTM)||20.76|
|Earnings Date||Jan 21, 2020 - Jan 27, 2020|
|Forward Dividend & Yield||4.60 (1.62%)|
|1y Target Est||269.00|
ROE helps investors distinguish profit-generating companies from profit burners and is useful in determining the financial health of a company.
Lam Research Corp. (LRCX) is offering new capabilities in its semiconductor manufacturing systems portfolio to further improve device yield at the edge of the wafer, which is essential to delivering greater productivity for customers. During the semiconductor production process, device manufacturers want to build integrated circuits on the entire surface of the wafer. Lam offers edge yield solutions for high volume manufacturing with the Corvus® etch and Coronus® plasma bevel clean systems.
"The global economic environment is very favorable for investors. Economies are generally strong, but not too strong. Employment levels are among the strongest for many decades. Interest rates are paused at very low levels, and the risk of significant increases in the medium term seems low. Financing for transactions is freely available to good borrowers, […]
December is the best month in which to bet that the stock-market’s winners will keep on winning. Consider two portfolios, one equally divided among the 10% of stocks with the highest trailing returns (the “winners” portfolio) and the other containing the 10% of stocks with the worst (the “losers” portfolio). Since 1926, according to data from Dartmouth University finance professor Kenneth French, this winners portfolio beat the losers portfolio by an average of 0.93% during the first 11 months of the year.
Lam Research Corp. has been trading higher for the past year on the daily bar chart, but can the climb continue? Let's check out the charts and indicators of this company that engages in the design, manufacture, marketing and service of semiconductor processing equipment. In this daily bar chart of LRCX, below, we can see that prices have more than doubled in the past 12 months.
Stocks began Thanksgiving week on a solid note, led by technology stocks. Positive expectations surrounding the U.S.-China trade deal buoyed trade-sensitive tech stocks.
A Business Journal analysis shines a light on which large Silicon Valley tech employers are adding staff companywide and which are cutting back.
Zacks.com featured highlights include: Nexstar Broadcasting Group, ResMed, Lam Research, Qorvo and Northrop Grumman
A Wall Street firm turned negative on semiconductor equipment stocks on Thursday, saying chip-gear spending is hitting a near-term peak. Applied Materials, KLA and Lam Research fell.
Analyst Timothy Arcuri says the stocks will face headwinds ahead as spending by chip makers peaks in the near term and then contracts for a few quarters. Arcuri cuts his ratings to Sell from Neutral on Applied Materials (ticker: AMAT), to Sell from Buy on (KLAC) (KLAC) and to Sell from Neutral on (LRCX) (LRCX). In today’s trading, Applied is off 3.5%, to $57.54; KLA is down 6% to $163.31, and Lam is down 3.3% to $265.12.
(Bloomberg) -- UBS lowered its view on a trio of semiconductor production equipment companies, forecasting “downside for the entire group” given trends with wafer fab equipment.The firm expects wafer fab equipment run-rates to peak in the near term and then contract for a few quarters. Companies related to foundry and logic products are “the most extended and vulnerable to these run-rate headwinds,” analyst Timothy Arcuri wrote.KLA Corp. was cut by two notches, to sell from buy, and its price target was dropped to a Street-low of $140 from $192. Both Applied Materials Inc. and Lam Research Corp. were downgraded to sell from neutral.All three stocks have been strong gainers in 2019, easily outperforming the broader market, as well as the Philadelphia Semiconductor Index. Lam Research has nearly doubled thus far this year, while KLA is up more than 80% and Applied Materials has risen more than 70%. The SOX, as the chipmaker benchmark is known, is up more than 45% thus far this year.Shares of Applied Materials fell as much as 6.7% on Thursday, while KLA shed 7% and Lam dropped 4%.Arcuri cited these gains in his downgrades, noting that KLA “has been among the top 5 semis stocks” over the past six months, and that Applied Materials recently saw “a big post-earnings stock move.”Writing about KLA, Arcuri wrote that even though the company’s revenue base has become more diverse, “its core semis exposure remains foundry/logic which we see as un-sustainable in the near-term driving some risk to estimates” through the first half of 2020. While there are “many longer-term positives” at KLA, he said, “the run-rate math is most worrisome for its core foundry/logic segment.”Applied Materials’ price target was trimmed by $1 to $48, also a Street-low view. UBS forecast “some risk to estimates” through 2020 “given a very extended run-rate in foundry/logic.”UBS affirmed its $240 price target on Lam Research, below the $267 average of analysts tracked by Bloomberg. While the company is facing the same headwinds as the other two stocks, Lam also has greater revenue exposure to the memory market. “So while overall WFE run-rate likely comes down, LRCX should have less downside as memory WFE is already at cyclical lows,” Arcuri wrote.Subsequent to UBS’ commentary, Citi called the report “an early Xmas gift,” writing that the share decline spurred by the downgrades created “a buying opportunity as we expect stock outperformance to continue through 2020.”Analyst Atif Malik agreed “with part of the thesis that foundry + logic investments are flattening out,” but added that it didn’t think the run-rate for WFE had peaked. “Despite a strong run this year, group valuation on peak earnings power looks attractive,” and it would buy any weakness in Lam Research.(Adds Thursday trading in fifth paragraph and UBS comments in final paragraphs)To contact the reporter on this story: Ryan Vlastelica in New York at firstname.lastname@example.orgTo contact the editor responsible for this story: Catherine Larkin at email@example.comFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
UBS analyst Timothy Arcuri throws down the gauntlet on chipmakers Applied Materials, Lam Research and KLA Corp. on what he sees as a near-term spending pullback on wafer fab equipment that will impact ...
UBS analysr Timothy Arcuri turned bearish on three semiconductor-equipment names late Wednesday, downgrading shares of Applied Materials Inc. and Lam Research Corp. to sell from neutral while double downgrading shares of KLA Corp. to sell from buy. "We estimate foundry/logic [wafer-fab equipment] exits C2019 at an annual run-rate of >$35 billion - far above where we see this year (and next year) in the ~$26B range and thus implying a significant correction moving through C2020," Arcuri wrote in his note on KLA. "When measured against non-memory revenue, foundry/logic capital intensity is also back to levels that have historically represented a peak (see our corresponding industry note) versus memory which is benign." He sees Lam as "best positioned on a relative basis" but still worries that it's "hard to escape [the] peaking near-term [wafer-fab equipment] run rate." Applied shares are off 3.2% in premarket trading Thursday, while KLA shares are down 3% and Lam shares are off 2.4%. Lam and KLA are the second and third best performers in the S&P 500 index so far this year, up 101% and 94%, respectively, while the S&P is up 24%. Chipmaker Advanced Micro Devices Inc. holds the top spot through Wednesday's close, with shares up 122% on the year.
Applied Materials, Lam Research and KLA all slide after getting a thumbs down from UBS analyst Timothy Arcuri on what he sees as a near-term spending pullback on wafer fab equipment that will impact the entire group.