Investors have gravitated to companies enacting stock splits during periods of uncertainty on Wall Street. More than a half-dozen high-profile businesses have announced or completed forward-stock splits since 2024 began.
Lam Research is the leading etch equipment company with over 40% market share in 2023. The memory market is recovering from a tough year in 2023, with significant growth in NAND and DRAM billings. Chinese equipment suppliers, such as Naura, are experiencing strong growth despite US sanctions.
The latest trading day saw Lam Research (LRCX) settling at $962.19, representing a -0.98% change from its previous close.
After reaching an important support level, Lam Research (LRCX) could be a good stock pick from a technical perspective. LRCX surpassed resistance at the 20-day moving average, suggesting a short-term bullish trend.
From a technical perspective, Lam Research (LRCX) is looking like an interesting pick, as it just reached a key level of support. LRCX recently overtook the 50-day moving average, and this suggests a short-term bullish trend.
Lam Research Corporation (NASDAQ:LRCX ) BofA Securities 2024 Global Technology Conference June 4, 2024 12:20 PM ET Company Participants Doug Bettinger - Executive Vice President and Chief Financial Officer Conference Call Participants Vivek Arya - Bank of America Merrill Lynch Vivek Arya This session, I'm Vivek Arya, I lead the semiconductor coverage at Bank of America Securities. I'm really delighted and honored to have Doug Bettinger, CFO of Lam Research, joining us this morning.
Lam Research Corporation (NASDAQ:LRCX ) Goldman Sachs Global Semiconductor Conference May 30, 2024 10:00 AM ET Company Participants Douglas Bettinger - EVP & CFO Conference Call Participants Toshiya Hari - Goldman Sachs Toshiya Hari Good morning, everyone. We'd like to get started.
Lam Research Corporation (NASDAQ:LRCX ) Bernstein Strategic Decisions Conference May 29, 2024 8:00 AM ET Company Participants Timothy Archer - President & CEO Conference Call Participants Stacy Rasgon - Bernstein Operator Stacy Rasgon I think we'll get started. Thank you, all, and good morning.
In the ever-changing market, savvy investors look for bright prospects to profit from the game-changing potential of technology stocks. Here are three major players.
Lam announced a 10-for-1 stock split and a $10 billion buyback plan. Its business has stabilized sequentially over the past year.
Lam Research (LRCX) reported earnings 30 days ago. What's next for the stock?
Investors shouldn't worry about buying shares before the split but rather focus on the fundamentals.