Lam Research Corporation (LRCX) has been delivering a rollercoaster performance in the market. While it consistently
underperforms on some days, it makes a surprising comeback by
outperforming the following days. Notable
institutional investors are selling their LRCX shares whereas others are increasing their stock position, indicating mixed sentiments around the company. Despite market instability, the corporation recently declared a
$0.23 quarterly dividend and has set a payment date for 2025. The corporation surpassed Q1 expectations with 20% revenue growth and has raised its Q2 guidance. It continues to impress with a 4.5% rise over the past week and its strong financial standing. An important point to note was Citi and Mizuho’s Price Target on LRCX citing a mid-cycle correction and flat spending outlook respectively. The stock, however, is gaining momentum as it is strongly fuelled by
unyielding AI demand growth. The AI demand outlook and hefty revenue growth give LRCX an edge in the
semiconductor processing equipment market.
Lam Research Corp LRCX News Analytics from Mon, 17 Jun 2024 07:00:00 GMT to Fri, 15 Nov 2024 21:43:00 GMT -
Rating 5
- Innovation 3
- Information 7
- Rumor -7
