Lam Research Corporation’s Stock Price Soars to $78.51, Marking an Impressive 6.27% Increase

Lam Research Corporation (LRCX)

78.51 USD +4.63 (+6.27%) Volume: 20.01M

Discover the robust performance of Lam Research Corporation’s stock price, currently standing at 78.51 USD, displaying a remarkable trading session increase of +6.27%. With an impressive trading volume of 20.01M and a positive year-to-date percentage change of +0.23%, LRCX stock continues to show promising potential for investors.

Latest developments on Lam Research Corporation

Lam Research Corporation has been making headlines recently, with a focus on newly announced export regulations and their impact on the company. Despite this, Lam Research‘s stock price target was lowered to $85 from $95 by Bernstein, reflecting potential challenges in the industry. However, analysts point to Lam Research‘s underpriced growth potential amidst these headwinds, making it a must-buy for long-term investors. The company has maintained its guidance despite new China semiconductor export rules, showing resilience in the face of changing regulations. With significant stock positions held by firms like Erste Asset Management GmbH and Rockefeller Capital Management L.P., Lam Research continues to attract attention from investors looking for long-term growth opportunities.

Lam Research Corporation on Smartkarma

Analysts at Baptista Research have provided bullish coverage on Lam Research Corporation, highlighting the company’s ability to benefit from favorable market conditions in NAND & Foundry/Logic. Tim Archer, President and CEO of Lam Research, shared insights during the September Q1 Earnings Conference Call for 2024, where the company reported strong financial performance exceeding expectations.

William Keating, another independent analyst on Smartkarma, expressed cautious optimism for Lam Research‘s growth and wafer fab equipment (WFE) outperformance in 2025 and beyond. Despite consecutive growth quarters, the company is still below its peak revenue in Q422. Keating noted Q324 revenues of $4.17 billion, up 7.8% QoQ and 19.8% YoY, with guided Q424 revenues of $4.3 billion for further growth.

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

Based on the Smartkarma Smart Scores, Lam Research Corporation seems to have a positive long-term outlook. The company scores well in terms of resilience, indicating its ability to withstand economic challenges and market volatility. This suggests that Lam Research is well-positioned to navigate uncertainties and continue to perform consistently in the future.

Additionally, Lam Research scores decently in areas such as dividend and growth, indicating a stable financial performance and potential for expansion. While the value and momentum scores are not as high, the overall outlook for Lam Research appears to be promising, especially considering its position in the semiconductor processing equipment 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.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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