Lam Research Co. (NASDAQ:LRCX) continues to exhibit strong performance in the market, consistent with its robust core fundamentals. This strength is validated by a 'Moderate Buy' consensus from brokerages and regular outperformance in the market. In line with its commitment towards addressing pressing global challenges via
semiconductor innovation, Lam Research underscored its progress in its 2023 ESG report. The company also announced
$10 billion share repurchase authorization and a
10-for-1 stock split, elicitating positive responses from investors. While it's high time to invest in LRCX before it goes ex-dividend, potential shareholders have shown keen interest in the firm. Lam Research's total shareholder returns in the past five years have exceeded earnings growth, validating it as a great momentum pick. It declared a regular dividend, beat Q3 2024 revenue forecasts, introduced a path-breaking deposition technique for
5G and beyond, and returned to earnings growth. However, regardless of occasional dips and underperformances in the market, analysts maintain a positive outlook on LRCX; in fact, some estimate the intrinsic value of its shares to be nearly 25% above the current rate.
Lam Research Corp LRCX News Analytics from Sat, 09 Dec 2023 08:00:00 GMT to Sun, 30 Jun 2024 06:03:32 GMT -
Rating 8
- Innovation 8
- Information 7
- Rumor 5
