178.50 +0.27 (0.15%)
After hours: 7:05PM EDT
|Bid||178.23 x 900|
|Ask||179.99 x 1000|
|Day's range||177.83 - 181.47|
|52-week range||148.26 - 234.88|
|PE ratio (TTM)||17.33|
|Earnings date||26 Jul 2018|
|Forward dividend & yield||4.40 (2.53%)|
|1y target est||260.05|
Jim Cramer flies through his take on callers' favorite stocks, including a toolmaker that's out of step with its shares.
A Wall Street analyst on Monday cut his price targets on four chip gear stocks, saying the market for wafer fabrication equipment, especially for memory chips, has softened recently.
One of the biggest semiconductor shows of the year kicks off in San Francisco tomorrow, Semicon West, and as mentioned previously, there’s some substantial caution heading into this conference by those following stocks of chip equipment makers such as Applied Materials (AMAT), Lam Research (LRCX), and ASML Holding (ASML). Morgan Stanley’s Joseph Moore and Craig Hettenbach today offer some estimate cuts for Applied and Lam in a joint note to clients, and try to gauge what next year looks like. While the analysts maintain Overweight ratings on shares of both, they cut target prices, lowering Applied Materials to $58 from $60, and lowering Lam to $219 from $238.
FREMONT, Calif., July 06, 2018-- Lam Research Corporation today announced that the company will host its quarterly financial conference call and webcast on Thursday, July 26 th, beginning at 2:00 p.m. ...
A Wall Street analyst on Monday turned cautious on semiconductor equipment stocks ahead of a major industry conference. Needham analyst Edwin Mok cut his price targets on four chip-gear stocks.
Stocks that moved substantially or traded heavily Tuesday: General Electric Co., up 99 cents to $13.74 The industrial company said it will shed its health care and oil services businesses. Exelixis Inc., ...
Lam does not endorse TRC Capital’s offer and furthermore, recommends that stockholders reject the offer and not tender their shares in response because the offer is at a price below the current market price for Lam shares and is subject to many conditions. TRC Capital’s offer price is approximately 4.36 percent below the closing share price of Lam common stock on June 15, 2018, the day before the offer commenced. The offer is for less than one percent of the outstanding shares of Lam common stock.
Shares of Lam Research Corp. and Applied Materials Inc. are down in premarket trading, though Stifel analyst Patrick Ho reiterated his long-term optimism about the names following recent reports of memory shipment push-outs. "We believe these are attributable to Samsung, and primarily on the 3D NAND front," Ho wrote. "We remind investors that Samsung has been Lam's largest customer for many years now (going back to the early 2000s when the company began working aggressively with Samsung)." Ho remains upbeat in his long-term view of Lam, which he rates a buy, and the industry in general.
NEW YORK, June 18, 2018-- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Antero ...
A Wall Street analyst downgrades semiconductor-equipment stocks Applied Materials and Lam Research, but upgrades ASML Holding.
Evercore analyst C.J. Muse's cautious note about Lam Research Corp. prompted a sell-off in shares of Lam, Applied Materials Inc. , KLA-Tencor Corp. and other semiconductor-equipment names last week, and on Wednesday Muse weighed in with an update. "While we do see a near-term pause for LRCX, we see no risk to consensus estimates for peers AMAT, ASML , and KLAC," he wrote. "We think downside risk from here is quite limited," he said, adidng that "for investors with 3+mos time horizon, now is the time to start adding." Muse has buy ratings on shares of Lam Research, Applied Materials, and ASML.
Shares of Lam Research Corp. are up 0.7% in premarket trading Tuesday after J.P. Morgan analyst Harlan Sur defended the stock amid concerns about Lam's shipment outlook. "On overweight-rated Lam Research, we don't disagree that there is some downside risk to estimates in C2H18, but given our recent research efforts, we believe the services business (recurring revenue) that is 25% of their overall business and deferred revenue backlog of $1.1 billion translate to minimal downside in 2H revenues and earnings and continued growth in CY19," Sur wrote.
Lam Research Corp. shares fell Thursday after an analyst who is usually bullish said the semiconductor equipment maker’s near-term shipment outlook appeared to be facing challenges. Shares are up 2% for the year, compared with a 13% gain in the PHLX Semiconductor Index (:SOX) and a 3% gain in the S&P 500 index (^GSPC). The reason for the decline appears to be related to production delays of 3-D NAND and DRAM memory chips at Samsung (005930.KS).
Here are some things going on today in the world of tech: Trouble for Lam Research in Memory Land Shares of Lam Research (LRCX) are down $12.34, over 6%, at $187.27, after Evercore ISI’s CJ Muse warns that delays in buying chip equipment are going to weigh on results. Muse writes that delays in production of NAND flash-memory chips, at Samsung Electronics (005930KS) in particular, are delaying shipments of equipment by Lam this quarter and next, which means the company’s earnings may come up about 7% short of consensus, he thinks. It’s no surprise Samsung has been delaying some orders, he writes, but one form of NAND, dubbed “64L,” he writes, "is not seeing the cost downs expected, making the node likely very short-lived,” according to Muse’s “checks." "So we think weaker than expected conversions at 64L have been delayed in favor of 96L – with a recovery likely into the 4Q18-1H19 timeframe,” he continues.
Shares of semiconductor-equipment company Lam Research Corp. are down 7.4% in Thursday morning trading after Evercore ISI analyst C.J. Muse wrote of "risks" to Lam's second- and third-quarter shipments, based on his latest round of channel checks. "Good news - the pushouts speak to greater focus on profitability by memory makers, so we view this pause as only temporary," wrote Muse, who rates the stock at outperform with a $300 price target.
Shares of Lam Research Corporation (NASDAQ:LRCX) will begin trading ex-dividend in 3 days. To qualify for the dividend check of $1.1 per share, investors must have owned the shares priorRead More...
David Tepper’s Appaloosa Management’s top buys in the first quarter were Micron Technology (MU), Lam Research (LRCX), Wells Fargo (WFC), UBS (UBS), and Allergan (AGN), changing its holdings by 8.5%, 2.7%, 1.6%, 1.3%, and 1.1%, respectively.
U.S. tech companies can finally breathe easy as Treasury Secretary Steve Mnuchin says that the U.S.-China trade conflict has been put on hold.
FREMONT, Calif., May 18, 2018-- Lam Research Corporation today announced its upcoming investor conference schedule:. June 1 st, 2018- Bernstein 34 th Annual Strategic Decisions Conference, 6:00 a.m. Pacific ...