Lam Research Corporation (LRCX) is showing
strong performance in the computer and technology sector this year, consistently outperforming market levels. Key developments include a recent
$10 billion share repurchase authorization and a 10-for-1 stock split, generating buzz among investors. Furthermore, LRCX's Q3 2024 earnings report surpassed analyst revenue forecasts, signaling a strong financial footing for the company. However, the stock price has fluctuated, with some days falling and underperforming the market. Analysts remain bullish on LRCX's earning capabilities, hinting at
potential underestimation of its pent-up earnings power. Citi has also named LRCX as its
top equipment pick. High institutional ownership (87%) showcases robust confidence in LRCX. A new
breakthrough deposition technique enabling Next-Generation MEMS for 5G has been announced, signaling
innovation in their business strategy. Despite the positive outlook, some insiders, including
Executive Vice President Patrick Lord, have recently sold shares. Furthermore, stock price run-up is viewed as justifiable with limited potential for more upside.
Lam Research Corp LRCX News Analytics from Wed, 15 Nov 2023 08:00:00 GMT to Sun, 02 Jun 2024 10:56:51 GMT -
Rating 8
- Innovation 7
- Information 4
- Rumor -3
