In the most recent trading session, Lam Research (LRCX) closed at $734.31, indicating a +0.07% shift from the previous trading day.
Lam Research (LRCX) concluded the recent trading session at $764.44, signifying a -0.17% move from its prior day's close.
Artificial Intelligence stocks are usually known for growth, not necessarily dividends. But several AI beneficiaries pay dividends set to grow handsomely over the coming years.
LRCX is hurt by macroeconomic headwinds and escalating U.S.-China tensions amid solid long-term prospects.
24/7 Wall St. Insights Companies that consistently raise their dividends often have strong balance sheets.
The latest trading day saw Lam Research (LRCX) settling at $847.37, representing a +1.39% change from its previous close.
Lam Research NASDAQ: LRCX is a lesser-known company in the semiconductor industry compared to powerhouses like NVIDIA NASDAQ: NVDA and Taiwan Semiconductor NYSE: TSM, but it is an important one.
Lam Research is a leading provider of Etching equipment to the Semiconductor industry, with high ROIC and potential for >10% sales growth. The positive outlook for Lam Research driven by memory rebound, and the potential for >30% upside in the current cycle peak EPS. The recent 20% drawdown gives us an opportunity to buy this quality compounder.
Despite an excellent fourth quarter FY 2024 earnings report, the stock dipped post earnings due to near term risks. The chip making industry should emerge from a downturn in 2025, boosting Lam Research's business prospects. The company has invested heavily in new products that should help it gain market share.
Lam Research stock remains a solid investment opportunity with strong revenue growth, operating leverage, and a healthy balance sheet. The recent quarterly earnings report exceeded expectations, with robust revenue and EPS growth, strong operating margins, and healthy free cash flow generation. Valuation analysis suggests 8% upside potential, which looks compelling for such a fundamentally strong company.
Lam Research's recent results suggest it's benefiting from increased spending on memory manufacturing equipment. The company's revenue and earnings growth are set to improve thanks to stronger prospects for the memory market, driven mainly by AI.
Lam Research (LRCX) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.