176.05 0.00 (0.00%)
After hours: 7:10PM EDT
|Bid||175.50 x 900|
|Ask||177.00 x 800|
|Day's range||175.39 - 179.10|
|52-week range||139.24 - 234.88|
|PE ratio (TTM)||17.12|
|Earnings date||24 Jul 2018 - 30 Jul 2018|
|Forward dividend & yield||4.40 (2.47%)|
|1y target est||266.00|
MARKET PULSE Shares of Micron Technology Inc. (mu) are up 1.4% in premarket trading after Cowen analyst Karl Ackerman said that the company was "best positioned" to drive profitability and lower its cost structure on NAND, relative to other players.
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.
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.
Stock futures rose Friday. Applied Materials fell on sales guidance. Chip-gear makers Lam Research and KLA-Tencor slid. So did Micron. Baidu fell as COO Lu Qi will leave the role and no longer oversee AI efforts.
Lam Research (LRCX) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
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Cowen & Co.’s Krish Sankar today initiated coverage of several chip equipment makers, with KLA-Tencor (KLAC) and Lam Research (LRCX) topping his list, with Outperform ratings, while he’s more cautious about ASML (ASML) and Applied Materials (AMAT). As you might expect, the recommendations for both Lam and KLA are based on the raging demand for memory chips, including both DRAM and NAND flash, for which Lam is the dominant supplier of manufacturing tools. KLA also has a lot to offer in this regard, Sankar believes.
Applied Materials (AMAT), KLA-Tencor (KLAC), and Lam Research (LRCX) are witnessing strong growth in the memory and logic segments. Revenue from memory almost doubled on a YoY (year-over-year) basis as the AI (artificial intelligence) trend picked up. On Applied Materials’ fiscal 1Q18 earnings call, the company’s CEO, Gary Dickerson, explained how the AI trend is boosting demand for memory and logic.
ROE helps investors distinguish profit-generating companies from profit burners and is useful in determining the financial health of a company.
Applied Materials (AMAT) is reporting strong revenue growth as the consumer base for electronic devices broadens with the advent of the Internet of Things, big data, and AI (artificial intelligence). The company earns more than 65% of its revenue from its Semiconductor Systems division. The world’s largest foundry, TSMC (TSM), is one of the Semiconductor Systems division’s customers.