Jim Cramer believes that
Lam Research Corporation (LRCX) is oversold and advised investors to buy slowly. The company has announced a
15% increase in quarterly
dividends. Several firms have increased their stakes in Lam Research, including Frank Rimerman Advisors LLC and Symmetry Investments LP. However, Citi has reduced its price targets on the firm. Despite this, LRCX's role as a major player in
AI is gaining recognition, with various articles highlighting its importance as an 'under the radar' and 'trending' AI stock. Notwithstanding this positive outlook, the stock has seen dips matching market trends. A strategic
SWOT insight into the company reveals its strength and opportunities. While some dub it as the best automation stock to invest in now, others see the recent pullback as a buying opportunity. An increase in
semiconductor capital spending has boosted the stock, while a decrease in equipment spending estimates by Mizuho, coupled with other market factors, has led to its underperformance. Recent changes in the board have been announced. The stock has also divided opinions among analysts. As the company continues to innovate with the introduction of the Lam Cryo™ 3.0 Cryogenic Etch Technology, Wall Street remains optimistic.
Lam Research Corp LRCX News Analytics from Wed, 24 Jan 2024 08:00:00 GMT to Sun, 22 Sep 2024 17:13:42 GMT -
Rating 5
- Innovation 8
- Information 7
- Rumor 1