Lam Research Corporation’s Stock Price Dips to $835.72, Experiencing a 4.31% Decrease

Lam Research Corporation (LRCX)

835.72 USD -37.61 (-4.31%) Volume: 1.37M

Lam Research Corporation’s stock price stands at 835.72 USD, witnessing a decline of 4.31% this trading session with a trading volume of 1.37M. Despite the recent drop, LRCX’s stock has managed to yield a positive year-to-date (YTD) return of 6.70%, indicating a resilient performance in the market.

Latest developments on Lam Research Corporation

Lam Research Corporation (NASDAQ:LRCX) has been on the radar of investors recently, with a consensus ‘buy’ rating and a potential 19.4% upside. The stock rose amidst optimism surrounding semiconductor capital spending, attracting the attention of financial advisors and asset management firms. Raymond James Financial Services Advisors Inc. sold shares, while Brookstone Capital Management and Hennion & Walsh Asset Management increased their holdings. Western Wealth Management LLC invested $229,000, and Apollon Wealth Management LLC holds $3.31 million in Lam Research stock. Smart money seems to be betting big on LRCX options, suggesting potential growth in the near future.

Lam Research Corporation on Smartkarma

Analysts on Smartkarma are divided in their coverage of Lam Research Corporation. Baptista Research, with a bullish outlook, highlighted the company’s solid performance in the June 2024 quarter, exceeding revenue and profitability expectations. They also noted a significant increase in revenue from the Customer Support Business Group and a key operational milestone achieved in their Malaysian factory. On the other hand, William Keating, with a bearish lean, pointed out flat revenues in Q124 and Q224, raising concerns about the company’s performance. Keating also mentioned potential growth drivers in technology transitions for 2025 and beyond.

Overall, the analyst coverage on Smartkarma provides a comprehensive view of Lam Research Corporation’s current standing and future prospects. While Baptista Research sees opportunities in advanced memory technologies and the NAND market recovery, William Keating’s analysis raises caution about the company’s revenue trends. Investors can benefit from these diverse perspectives to make informed decisions regarding their investments in Lam Research.

A look at Lam Research Corporation Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

According to Smartkarma Smart Scores, Lam Research Corporation has a positive long-term outlook with solid scores in Resilience and Dividend. This indicates that the company is well-positioned to weather economic challenges and provide returns to investors through dividends. Additionally, with a Growth score of 3, Lam Research shows potential for expansion and development in the future. Overall, the company’s scores suggest a promising future ahead.

Lam Research Corporation, a company that manufactures semiconductor processing equipment, has received favorable ratings in key areas such as Resilience, Dividend, and Growth according to Smartkarma Smart Scores. This indicates that the company is stable, offers dividends to investors, and has potential for growth in the future. With a strong presence in the global market, Lam Research is poised for continued success in the semiconductor industry.

Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
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