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Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart’s disclaimer. Lam Research announced a quarterly dividend on Wednesday, August 23rd. Stockholders of record on Wednesday, September 13th will be given a dividend of $0.275 per share on Wednesday, October 4th.

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This assessment breaks down into 20 buys, seven holds, and one sell. Overall, the average price target comes in at $75.72, implying 7% growth. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data.

The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank. One share of LRCX stock can currently be purchased for approximately $658.66. The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 18th 2023. MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation. We’d like to share more about how we work and what drives our day-to-day business. Compare
LRCX’s historical performance
against its industry peers and the overall market.

Stock Quote

This likely paved the way for the modest 19% net income growth seen by Lam Research over the past five years. A strong innovation record makes this chip manufacturing equipment maker well-positioned for a rebound. As an investor, you want to buy stocks with the highest probability is honorarium taxable in india of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style. Data are provided ‘as is’ for informational purposes only and are not intended for trading purposes.

According to 17 analysts, the average rating for LRCX stock is “Buy.” The 12-month stock price forecast is $591.67, which is a decrease of -9.94% from the latest price. Another risk facing Lam Research is the potential for regulatory and political challenges. The company operates in a highly regulated industry, and changes in export controls or trade policy could impact its ability to do business in specific markets. The company is investing in research and development to create new and innovative products that will enable the continued growth of the semiconductor industry. Lam Research also expands its presence in key growth markets, such as China, where it invests in new manufacturing facilities and research centers.

Company Summary

Manufacturing products for several sectors, including automotive, communications, industrial, and healthcare, the tech enterprise could possibly weather economic storms. While memory products might not sound that exciting to lay observers, MU represents one of the most important semiconductor stocks. Predominantly, memory chips are essential for smartphones and devices along with data centers. Further, as underlying processors become more complex, the demand for high-capacity memory chips will likely only accelerate. Additionally, Lam Research has paid dividends over a period of nine years which means that the company is pretty serious about sharing its profits with shareholders.

Over the past three months, the Zacks Consensus Estimate for LRCX’s full-year earnings has moved 8.8% higher. This signals that analyst sentiment is improving and the stock’s earnings outlook is more positive. To begin with, Lam Research has a pretty high ROE which is interesting. Secondly, even when compared to the industry average of 15% the company’s ROE is quite impressive.

It also produces around 90% of the world’s leading-edge semiconductors that are useful for AI and quantum computing applications, per a report from the Council on Foreign Relations. If an authoritarian regime controlled that supply chain exclusively, we would all be in deep trouble. As a rival GPU specialist, Advanced Micro should benefit from the same tailwinds that skyrocketed shares of Nvidia.

LRCX Related ETFs

A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. The monthly returns are then compounded to arrive at the annual return. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations. High-growth stocks tend to represent the technology, healthcare, and communications sectors. They rarely distribute dividends to shareholders, opting for reinvestment in their businesses.

• Results are interpreted as buy, sell or hold signals, each with numeric ratings and summarized with an overall percentage buy or sell rating.
• To begin with, Lam Research has a pretty high ROE which is interesting.
• For example, a price above its moving average is generally considered an upward trend or a buy.
• These returns cover a period from January 1, 1988 through July 31, 2023.

LRCX’s beta can be found in Trading Information at the top of this page. A stock’s beta measures how closely tied its price movements have been to the performance of the overall market. Our experts picked 7 Zacks Rank #1 Strong Buy stocks with the best chance to skyrocket within the next days. On the other hand, Super Micro Computer belongs to the Computer- Storage Devices industry.

Analysts Offer Insights on Technology Companies: Lam Research (LRCX) and Venture (OtherVEMLF)

The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%. An industry with a larger percentage of https://1investing.in/ Zacks Rank #1’s and #2’s will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4’s and #5’s. Plus, LRCX info will be updated daily in your Zacks.com Portfolio Tracker – also free. SHANGHAI , July 11, 2023 /PRNewswire/ — Advanced Micro-Fabrication Equipment Inc.

At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. Since 1988 it has more than doubled the S&P 500 with an average gain of +24.32% per year. These returns cover a period from January 1, 1988 through July 31, 2023. Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month.

Undervalued Wide-Moat Stocks

Based on the latest analysts’ estimates, we found that the company’s future payout ratio over the next three years is expected to hold steady at 19%. As a result, Lam Research’s ROE is not expected to change by much either, which we inferred from the analyst estimate of 45% for future ROE. Lam Research manufactures equipment used to fabricate semiconductors. Lam’s flagship Kiyo, Vector, and Sabre products are sold in all major geographies to key customers such as Samsung Electronics, Micron, Intel, SK Hynix, and Taiwan Semiconductor Manufacturing. A former senior business analyst for Sony Electronics, Josh Enomoto has helped broker major contracts with Fortune Global 500 companies.

For example, a price above its moving average is generally considered an upward trend or a buy. Lam Research ( LRCX , Financial) is a technology company that produces wafer-processing semiconductor manufacturing equipment, having an international presence in the U.S., Europe and Asia. Chip stocks underperformed the broader market Thursday after the semiconductor industry logged its 11th month in a row of steep losses from the year-ago period.