Lam Research Corp (LRCX) has seen a fluctuating market performance, characterised by both dips and gains in stock trades. Investment firms like
Generate Investment Management Ltd and
Benson Investment Management Company Inc. have been bolstering their positions in the company while others have trimmed their holdings. Notably, analysts, including
Jim Cramer and
Raymond James, have mixed opinions on LRCX, acknowledging the short-term market underperformance, but maintaining a positive long-term outlook due to the company's strong fundamentals and growth potential. The company's most recent announcement of a significant
share repurchase authorization and a 10-for-1
stock split showed investor confidence. Lam Research's dominance in the semiconductor processing equipment sector is well recognized, underlined by a reported
20.71% revenue growth in Q4. Despite concerns of a mid-cycle correction,
Citi kept a 'Buy' rating, and
Mizuho lowered the price target while acknowledging a good spending outlook courtesy of the AI demand. With an upcoming
financial conference, stakeholders await the company's future direction.
Lam Research Corp LRCX News Analytics from Sun, 28 Apr 2024 07:00:00 GMT to Sat, 19 Oct 2024 12:00:16 GMT -
Rating 1
- Innovation 5
- Information 5
- Rumor -3
