Lam Research Corporation is an American corporation that engages in the design, manufacture, marketing, and service of semiconductor processing equipment used in the fabrication of integrated circuits. Its products are used primarily in front-end wafer processing, which involves the steps that create the active components of semiconductor devices (transistors, capacitors) and their wiring (interconnects). The company also builds equipment for back-end wafer-level packaging (WLP), and for related manufacturing markets such as for microelectromechanical systems (MEMS). The company is headquartered in Fremont, California, in the Silicon Valley.
| Revenue (TTM) | $23.23B |
| Gross Profit (TTM) | $11.73B |
| EBITDA | $8.64B |
| Operating Margin | 37.40% |
| Return on Equity | 65.10% |
| Return on Assets | 22.80% |
| Revenue/Share (TTM) | $18.51 |
| Book Value | $9.97 |
| Price-to-Book | 29.37 |
| Price-to-Sales (TTM) | 16.57 |
| EV/Revenue | 15.68 |
| EV/EBITDA | 41.12 |
| Quarterly Earnings Growth (YoY) | 34.80% |
| Quarterly Revenue Growth (YoY) | 30.00% |
| Shares Outstanding | $1.25B |
| Float | $1.25B |
| % Insiders | 0.28% |
| % Institutions | 88.96% |
Volatility is currently contracting
LRCX nearly triples in a year, yet AI chip demand, record revenues, margin gains and strong earnings forecasts point to further upside potential.
PECO, NRIM, NDSN and LRCX raise dividends as geopolitical tensions fuel oil prices, inflation fears and market volatility.
Investors need to pay close attention to LRCX stock based on the movements in the options market lately.
The latest trading day saw Lam Research (LRCX) settling at $292.66, representing a +1.51% change from its previous close.
The GARP strategy helps investors gain exposure to stocks that have solid prospects and are trading at a discount. FTNT, EAT, LECO & LRCX are some such stocks.
Semiconductor stocks are falling at Tuesday's open as a global bond selloff drives long-term yields higher and forces a rethink of the market's highest-multiple corners.
Lam Research is upgraded to a buy as accelerating growth, margin expansion, and reduced China risk improve risk/reward after the recent pullback. The company delivered 30% YoY revenue growth in the June quarter, driven by robust AI and memory demand, with inventory turns and margin gains confirming strong fundamentals. Guidance for the September quarter signals further acceleration: 52% YoY revenue growth and 71% YoY EPS growth expected. Tailwinds are set to strengthen.
Semiconductor demand is booming, and companies are working to ramp production.
In this article series, I summarize dividend announcements of the past week. This week, 9 stocks announced dividend increases, including 3 stocks I own. INTU stands out for its robust safety metrics, 15% dividend hike, low payout ratios, and a forward-looking 16.16% dividend growth rate, though fair value estimates diverge. LRCX delivered the largest increase (26.92%) and boasts the highest Quality Score, but its yield is minimal at 0.44% and valuation appears stretched.
Lam Research (LRCX) reported earnings 30 days ago. What's next for the stock?
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