|Day's Range||103.50 - 105.00|
Shares of Lam Research Corp. and Applied Materials Inc. are down in premarket trading, though Stifel analyst Patrick Ho reiterated his long-term optimism about the names following recent reports of memory shipment push-outs. "We believe these are attributable to Samsung, and primarily on the 3D NAND front," Ho wrote. "We remind investors that Samsung has been Lam's largest customer for many years now (going back to the early 2000s when the company began working aggressively with Samsung)." Ho remains upbeat in his long-term view of Lam, which he rates a buy, and the industry in general.
NEW YORK, June 18, 2018-- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Antero ...
It's time to start investing, millennials. Experts named 10 great stocks for millennials to consider when starting a portfolio. Millennials may be tempted too leave the investing to apps like Acorn, but these experts have some great picks for those who want to be more adventurous—or simply want control over their portfolio.
A Wall Street analyst downgrades semiconductor-equipment stocks Applied Materials and Lam Research, but upgrades ASML Holding.
Evercore analyst C.J. Muse's cautious note about Lam Research Corp. prompted a sell-off in shares of Lam, Applied Materials Inc. , KLA-Tencor Corp. and other semiconductor-equipment names last week, and on Wednesday Muse weighed in with an update. "While we do see a near-term pause for LRCX, we see no risk to consensus estimates for peers AMAT, ASML , and KLAC," he wrote. "We think downside risk from here is quite limited," he said, adidng that "for investors with 3+mos time horizon, now is the time to start adding." Muse has buy ratings on shares of Lam Research, Applied Materials, and ASML.
Most traders know that there are a lot more factors impacting share price than company fundamentals. One of the metrics that can drive stock price is how much buying and selling is being done by institutional ...
Shares of Lam Research Corp. are up 0.7% in premarket trading Tuesday after J.P. Morgan analyst Harlan Sur defended the stock amid concerns about Lam's shipment outlook. "On overweight-rated Lam Research, we don't disagree that there is some downside risk to estimates in C2H18, but given our recent research efforts, we believe the services business (recurring revenue) that is 25% of their overall business and deferred revenue backlog of $1.1 billion translate to minimal downside in 2H revenues and earnings and continued growth in CY19," Sur wrote.
Monday was an interesting trading day. While the broader indices didn’t show much action, there were tons of moves going on below the surface. Let’s take a look at some of them in our top stock trades for Tuesday.Top Stock Trades for Tomorrow No. 1: Fitbit (FIT)
Lam Research Corp. shares fell Thursday after an analyst who is usually bullish said the semiconductor equipment maker’s near-term shipment outlook appeared to be facing challenges. Shares are up 2% for the year, compared with a 13% gain in the PHLX Semiconductor Index (:SOX) and a 3% gain in the S&P 500 index (^GSPC). The reason for the decline appears to be related to production delays of 3-D NAND and DRAM memory chips at Samsung (005930.KS).
Here are some things going on today in the world of tech: Trouble for Lam Research in Memory Land Shares of Lam Research (LRCX) are down $12.34, over 6%, at $187.27, after Evercore ISI’s CJ Muse warns that delays in buying chip equipment are going to weigh on results. Muse writes that delays in production of NAND flash-memory chips, at Samsung Electronics (005930KS) in particular, are delaying shipments of equipment by Lam this quarter and next, which means the company’s earnings may come up about 7% short of consensus, he thinks. It’s no surprise Samsung has been delaying some orders, he writes, but one form of NAND, dubbed “64L,” he writes, "is not seeing the cost downs expected, making the node likely very short-lived,” according to Muse’s “checks." "So we think weaker than expected conversions at 64L have been delayed in favor of 96L – with a recovery likely into the 4Q18-1H19 timeframe,” he continues.
Shares of semiconductor-equipment company Lam Research Corp. are down 7.4% in Thursday morning trading after Evercore ISI analyst C.J. Muse wrote of "risks" to Lam's second- and third-quarter shipments, based on his latest round of channel checks. "Good news - the pushouts speak to greater focus on profitability by memory makers, so we view this pause as only temporary," wrote Muse, who rates the stock at outperform with a $300 price target.
Chips stocks have been among the hottest groups in 2018, as measured by the iShares Semiconductor ETF ( SOXX). The semiconductor ETF has climbed by 12.5% since the beginning of May, and the technical chart would suggest there are more gains to come for the ETF. Shares of Lam Research have not performed nearly as well as the broader ETF, with the stock climbing by only 8% since the start of May. But the technical chart suggests shares are primed to breakout, taking the stock about 12.5% higher, to roughly $230, from its current price around $204.25.
LONDON, UK / ACCESSWIRE / June 4, 2018 / Active-Investors has a free review on Lam Research Corp. (NASDAQ: LRCX) following the Company's announcement that it will begin trading ex-dividend on June 05, 2018. To capture the dividend payout, investors must purchase the stock a day prior to the ex-dividend date that is by latest at the end of the trading session on June 04, 2018. Active-Investors has initiated due-diligence on this dividend stock.
Shares of Lam Research Corporation (NASDAQ:LRCX) will begin trading ex-dividend in 3 days. To qualify for the dividend check of $1.1 per share, investors must have owned the shares priorRead More...
If you are looking for compelling investing opportunities right now, it's worth taking a closer look at the semiconductor space. Fears of a cyclical downturn have kept chip stock valuations under wraps, but the Street is convinced that these concerns are unfairly exaggerated. All three stocks below have a 'Strong Buy' analyst consensus rating, based only on ratings from the last three months.
David Tepper’s Appaloosa Management’s top buys in the first quarter were Micron Technology (MU), Lam Research (LRCX), Wells Fargo (WFC), UBS (UBS), and Allergan (AGN), changing its holdings by 8.5%, 2.7%, 1.6%, 1.3%, and 1.1%, respectively.
There are a number of reasons that attract investors towards large-cap companies such as Lam Research Corporation (NASDAQ:LRCX), with a market cap of US$32.07B. Doing business globally, large caps tendRead More...
The S&P 500 Index ended a fairly quiet week nearly unchanged last week. With a fundamentally strong earnings season wrapping up, several businesses delivered additional good news in the form of payout raises.
U.S. tech companies can finally breathe easy, at least for the time being. U.S. Treasury Secretary Steve Mnuchin on Sunday said that the U.S.-China trade conflict has been put on hold. This certainly is good news for U.S. tech companies, particularly chipmakers, which have been reeling under pressure since the two countries sparked fears of a trade war by imposing tariffs and counter tariffs on imports from the two countries.
U.S. tech companies can finally breathe easy as Treasury Secretary Steve Mnuchin says that the U.S.-China trade conflict has been put on hold.
FREMONT, Calif., May 18, 2018-- Lam Research Corporation today announced its upcoming investor conference schedule:. June 1 st, 2018- Bernstein 34 th Annual Strategic Decisions Conference, 6:00 a.m. Pacific ...