|Bid||222.01 x 200|
|Ask||222.75 x 100|
|Day's range||221.29 - 225.00|
|52-week range||123.96 - 234.88|
|PE ratio (TTM)||24.37|
|Earnings date||16 Apr 2018 - 20 Apr 2018|
|Forward dividend & yield||2.00 (0.90%)|
|1y target est||257.67|
Logitech's (LOGI) new Logitech G560 PC Gaming Speaker and Logitech G513 Mechanical Gaming Keyboard bring a complete solution for gamers.
With the S&P 500 and Dow Jones below 50-day averages, look for outperformers. PayPal and four chip stocks are in buy range with strong relative strength lines.
Leading chip stocks are trying to reassert their market-leading status including large cap stock leader Lam Research.
Shares of chip equipment vendor Lam Research (LRCX) are up $1.23, or 0.6%, at $223.87, after FBN Securities analyst Shebly Seyrafi this morning started coverage of the stock with an Outperform rating, and a $300 price target, writing that it is "one of the few virtual pure plays (besides AMAT and Tokyo Electron, both Unrated) on memory capital equipment, so we believe that both the memory and the memory equipment markets have consolidated." His overall point is that the memory market is much more stable than in years past, and expected to outgrow the market for chips overall though 2022: Note that the memory market has historically been quite volatile since the space was more fragmented. The rise of the newer “3-D” NAND chips is especially playing to Lam’s strengths, writes Seyrafi: "In FQ2 2018 (Dec. 2017 quarter), NVM accounted for 53% of LRCX’s shipments, up from 37% the year before, and we forecast continued strong NVM growth for LRCX in F2019 (ending June)." DRAM production is playing out well for the company, with prices for the chips “increasing while DRAM bit growth has remained strong.” He notes that Micron Technology (MU), whose shares he rates Outperform as well, and competitors Samsung Electronics (005930KS) and SK Hynix (000660KS) each contribute more than 10% of Lam’s annual sales.
The Dow Jones industrial average outperformed by a wide margin in afternoon trading Thursday, helped by strength in shares of McDonald's.
The Zacks Analyst Blog Highlights: Micron Technology, Intel, ON Semiconductor and Lam Research
Plenty of noteworthy tech stocks are now back near their all-time highs, with several reaching new intraday peaks in morning trading Tuesday. Here's five tech stocks hitting new highs to check out today!
As our "Computer and Technology" sector has gained nearly 28.9% over the past year, semiconductor companies have been a driving factor behind its growth. Check out these Zacks Rank #1 (Strong Buy) semiconductor stocks right now!
Your stocks to watch are five semiconductors that have just entered buy range: Apple supplier Skyworks, Lam Research, ASML, Teradyne and Marvell Technology.
On a blended basis, the target multiple is 10x, versus 6x currently. This implies a target of $89 on consensus FY19 EPS of $8.90 and a target of $122 on our FY19E EPS of $12.22. Also bullish this morning is Evercore ISI’s C J Muse, who reiterates a Buy rating, and hikes his target to $80 from $60, writing that the "stock chart is scary” is "the first thing we hear from potential new investors (+500%+ over the last 2yrs)." "But that’s what happens when the DRAM industry consolidates to 3, all players act rational, memory becomes increasingly critical in the world of compute, and rising complexity limits the magnitude of new supply,” writes Muse.
Lam Research (LRCX) climbed to the top of the S&P 500 Friday, for the second time this week. Lam Research rose $12.21, or 5.7%, to $224.95. The S&P 500 47.60 points, or 1.74% to 2786.57. The enthusiasm ...
The Nasdaq blasted through a record high on Friday as traders looking to ride recent momentum piled into Microsoft (MSFT.O), Netflix (NFLX.O), Amazon.com (AMZN.O) and other high-performance technology names. The S&P 500 Index (.SPX) and Dow Jones Industrial Average (.DJI) also rose sharply - up 1.5 percent - as February's jobs report assuaged fears of inflation and aggressive interest rate hikes. Microsoft, Apple and Amazon each rose more than 1 percent and hit or closely approached all-time highs, while the Philadelphia Semiconductor Index (.SOX) surged 1.8 percent to its own record.
Philips (PHG) announces that Saratoga Hospital has successfully improved patient safety and clinical outcomes with the integration of Philips' IntelliVue Guardian.
Stock futures got pounded after news that Gary Cohn was leaving the Trump administration, and an early rally petered out with the major indexes falling to new lows on the day. The S&P 500 dipped 1.32 points, to 2726.80, while the Dow Jones Industrial Average dropped 82.76 points, or 0.3%, to 24801.36. The fact that the Dow closed well off its lows is good news, even if it might not feel like it.
Chip-gear maker Lam Research received positive reviews from Wall Street analysts following an investor event the company held Tuesday.
Chip stocks were market leaders Tuesday, with Intel, Applied Materials, Micron Technology among the standouts. Meanwhile, Apple, a big buyer of chips, has a new buy point.
Following the analyst day meeting yesterday of chip equipment maker Lam Research (LRCX), Chief Financial Officer Doug Bettinger was kind enough to brave the snow and sleet to visit Barron’s offices. To explain why things are so good, Bettinger this year tried something different at the meeting. What if, he suggested to his audience, spending on equipment out in 2021 is the same as it is this year, so no industry growth?
Which stocks have the best mutual funds been buying? See who joins Bank of America, Abiomed, Applied Materials and Charles Schwab on the latest list.
Lam Research's (LRCX) shareholders are likely to benefit from the hike in the quarterly dividend and share repurchase program as these moves will provide a momentum in earnings.
The Zacks Analyst Blog Highlights: Centene, Macy's, LyondellBasell, Huntington Ingalls and Lam Research
Shares of Applied Materials (AMAT) climbed 4.1% to close at a new 52-week high of $59.99 on Tuesday. This surge came without any substantive news to speak of, which means it's time to dive into what the tech giant has done recently that might have led to today's gains.