Lam Research Corporation (LRCX) is set to host their quarterly financial call on October 23, amidst the recent stock market volatility and a dividend increase announcement. Despite fluctuations, LRCX stock touched a 52-week low at $80.03. Notably, it also enacted a 10-for-1 stock split and boosted its authorized shares. Analyst Jim Cramer weighed in on the company, ratifying it as the ‘Best in The Group’. Various analysts point to LRCX as an attractive and trending stock, despite it sinking in the rising market. Some even speculate it's dramatically oversold. LRCX's strategic potency is noted alongside optimism around semiconductor capital spending. Anticipated AI boom is driving expectations of boosted quarterly revenue. The company has also gained attention for undertaking significant corporate actions like a 15% quarterly dividend increase and planning for two big stock splits in October. Critics highlight macro worries with LRCX stock dipping 22% in recent months.
Lam Research Corp LRCX News Analytics from Sun, 28 Apr 2024 07:00:00 GMT to Sat, 05 Oct 2024 07:23:59 GMT -
Rating 5
- Innovation 3
- Information 8
- Rumor -5
