Lam Research stock gains after upgrade [MarketWatch]
Lam Research Corporation (LRCX)
Last lam research corporation earnings: 4/22 04:05 pm
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Source: MarketWatch
Lam Research stock gains after upgrade Lam Research Corp. shares LRCX, +4.43% are up 4.5% in premarket trading Friday after Mizuho analyst Vijay Rakesh upgraded the stock to buy from neutral, writing that the company looks "well positioned" for a rebound in the second half of 2020 and in 2021 based on his expectations for growth in NAND, DRAM, and etch-equipment spending. He argued that Lam's shares look attractive as they currently trade for about 9 times forward price/earnings estimates, compared with a long-term average of about 12.4 times. "While 1H20 [wafer-fab equipment (WFE)] spending will likely be impacted by COVID-19, we see a better 2H20 driven by the need to add capacity to tight memory supply, and foundry/logic WFE spending given strong seasonal 5G handset demand, a strong data center/server outlook and 7-nanometer/5-nanometer ramps," he wrote. Lam shares have lost 40% over the past month, as the S&P 500 SPX, -0.18% has declined 29%.
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LRCX
News
- Lam Research Corporation Announces Participation at Upcoming ConferencesPR Newswire
- Franklin DynaTech SMA Q3 2024 Commentary [Seeking Alpha]Seeking Alpha
- Should You Think About Buying Lam Research Corporation (NASDAQ:LRCX) Now? [Yahoo! Finance]Yahoo! Finance
- Why Lam Research (LRCX) is a Top Stock for the Long-Term [Yahoo! Finance]Yahoo! Finance
- ZMC Acquires Pure Wafer, America's Leading Semiconductor Silicon Solutions and Services Company [Yahoo! Finance]Yahoo! Finance
LRCX
Earnings
- 10/23/24 - Beat
LRCX
Sec Filings
- 11/12/24 - Form 4
- 11/12/24 - Form 4
- 11/12/24 - Form 4
- LRCX's page on the SEC website