Lam Research (LRCX) came out with quarterly earnings of $8.14 per share, beating the Zacks Consensus Estimate of $7.52 per share. This compares to earnings of $5.98 per share a year ago.
Lam Research's (LRCX) fiscal fourth-quarter results are expected to reflect its prospects, driven by a rebound in the semiconductor industry and improving memory spending.
Lam Research (LRCX) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
Lam Research's (LRCX) long-term prospects are expected to benefit from the growing proliferation of AI.
The latest trading day saw Lam Research (LRCX) settling at $959.69, representing a -1.78% change from its previous close.
When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?
The latest trading day saw Lam Research (LRCX) settling at $1,069.11, representing a -0.07% change from its previous close.
Artificial intelligence is driving solid demand for memory chips, as was evident from Micron Technology's recent earnings report. There's another memory industry participant that is set to report solid earnings thanks to a potential jump in memory equipment spending.
Lam Research (LRCX) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.
We're reaffirming our buy-rating on Lam Research Corporation ahead of Q4 FY2024 results. We expect material outperformance in FY25 due to recovery of wafer fabrication equipment spend, specifically memory WFE spend. Memory WFE spending should see tailwinds in 2H24 and 2025 driven by HBM DRAM adoption and NAND demand recovery.
Lam Research is part of the semiconductor capital equipment industry, which was in a cyclical downturn in 2023. Industry experts anticipate semiconductor capital equipment spending to recover in the latter half of 2024, potentially boosting the company's stock performance in 2025. It benefits from AI adoption and the need for higher performance and more power-efficient chips.
Semiconductors power many devices and appliances that we use every day. They form the bedrock for smartphones, computers, cars, refrigerators, and other essentials.