Lam Research: A Favorite In The Semis - Initiating With A Buy [Seeking Alpha]
Lam Research Corporation (LRCX)
Last lam research corporation earnings: 4/22 04:05 pm
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US:NASDAQ Investor Relations:
investor.lamresearch.com
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Source: Seeking Alpha
Memory makes up a noteworthy portion of Lam's total revenue, at 48% in its December quarter. Lam's stock has already outperformed the S&P 500 in the first quarter, up around 30%. I share my thoughts on Lam here, and why I think it has more upside in 2024. Investment Thesis Lam Research ( NASDAQ: LRCX ) is set to announce earnings at the end of the month. In my opinion, Lam is going to beat estimates this quarter and trade higher in response. Lam is a semi-cap company with substantial exposure to the memory market, making it liquid gold for 2024 as the DRAM and NAND recover. The stock already outperformed the S&P 500 in the first quarter of the year, up 30% between January and March, while the S&P 500 is up ~10%. I expect Lam to continue to outperform as the industry's wafer fabrication equipment spend, or WFE increases, to keep up with the appetite for advanced tech to keep up with the AI boom. Lam's Value Proposition Lam is a semi company that operates in the semi capita
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News
- Kulicke and Soffa (KLIC) Reports Q1: Everything You Need To Know Ahead Of Earnings [Yahoo! Finance]Yahoo! Finance
- Unlocking Lam Research (LRCX) International Revenues: Trends, Surprises, and Prospects [Yahoo! Finance]Yahoo! Finance
- Lam Research Corporation Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next [Yahoo! Finance]Yahoo! Finance
- Lam Research Co. (NASDAQ: LRCX) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
- Lam Research Corporation (NASDAQ:LRCX) Q3 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
LRCX
Earnings
- 4/24/24 - Beat
LRCX
Sec Filings
- 4/30/24 - Form 4
- 4/29/24 - Form 10-Q
- 4/29/24 - Form 144
- LRCX's page on the SEC website