Lam Research Corp (LRCX) has been at the centre of various investment activities, earnings reports, and market changes. The company unveiled an AI-Powered
Cobot for precise semiconductor manufacturing and announced participation in upcoming conferences.
Toronto Dominion Bank decreased its stake in the company, and its shares underperformed the market. On the contrary LRCX also introduced the industry's first Collaborative Robot for fab maintenance optimization, and sanctuary advisors LLC acquired its shares. The company also commented on newly introduced
Export Regulations. The corporation's strong long-term results, however, did not prevent its stock from falling, and it also faced struggles amid
short positions in the semiconductor industry. Regarding earnings, the firm surpassed Q1 expectations with 20% revenue growth and updated its Q2 guidance. On the negative side, concerns of a mid-cycle correction made
Citi lower LRCX's price target to $893, but maintained its buy rating. Nevertheless, the company announced a 15% increase in quarterly dividends and was highlighted for the potential post-Fed Rate cut rally by
Jim Cramer.
Lam Research Corp LRCX News Analytics from Thu, 29 Aug 2024 07:00:00 GMT to Thu, 12 Dec 2024 21:43:00 GMT -
Rating 3
- Innovation 7
- Information 8
- Rumor -1
