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Lam Research Corporation (LRCX)

NasdaqGS - NasdaqGS Real-time price. Currency in USD
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474.12+1.99 (+0.42%)
At close: 04:00PM EDT
475.00 +0.88 (+0.19%)
After hours: 07:37PM EDT
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  • G
    Gerry
    These 6%-7% daily moves just shows you that in the short term the stock market is a casino....BUT .....in the long term investing is certainly a better option than putting your money in the bank at .05% interest.
  • A
    AI
    Too bad I sold the rest of my puts yesterday. Oh well...Won't be long before I can buy this stock sub $300
  • G
    Gerry
    Lam Research announces $5B share buyback. They only announce these things when they have a positive view into the future revenues and think that their shares are cheap. If we are flat to down tomorrow I will add shares @ $450.
  • C
    Cliff
    Most importantly the dividend distribution was approved! Solid consistent monetary return regardless of market declines. Stay long and prosper.
  • G
    Gerry
    Stock up 3% on a flat to down day for the indexes. Also volume slightly higher that the average daily volume. Read the charts......I did what I said I'd do and added at $450. Right or wrong.....I really don't know (short term) I'll wait it out. My target is $600 by year end. GLTA
  • S
    Scott
    Averaged down today @$477 and change. Speculating, but think the worst is behind us for this particular stock. If not, will wait for another leg down and buy some more.
  • A
    A
    Encouraged perhaps by Director Catherine Lego's purchase of nearly $800K last month at $460 per, this storm will pass and we'll be OK LT...
  • C
    Cliff
    Blackrock at it again!!
  • G
    Gerry
    VERY strong earning report from AMD could lift the entire semiconductor space tomorrow. Many analyst on the call trying to say the semi cycle is peaking and the AMD CEO just doubled their revenue growth estimate for 2022. There is no slowdown in the semi space......especially in the WFE CAPX sector. Although there are some supply chain issues that need to be resolved.
  • G
    Gerry
    CFO Doug Bettenger speaking at a JPM tech conference on May 23rd, that "could" produce a catalyst for an upward (or downward) move. Depends what he says.
  • G
    Gerry
    Catherine Longo (Director) buys $800,000 worth of LRCX stock on April 26. Remember this: They always say that company executives sell their shares for many reasons, but they only buy shares (independently with their own money) for one reason. I believe that to be true. These people know what is going on in the company. Are we at the low?.....who knows, but at this level there is not a lot of downside.
  • G
    Gerry
    Hey AI.....I sold 50 shares at $487.78 last week. I think this is overdone and I am thinking about adding those 50 shares back right here. I still have my core position at $300 and will never sell those. Hope you are doing well.
  • R
    Rich
    LRCX KLAC and ASML will all be winners over next 3 yrs
  • W
    Wolfgang
    TSMC has exposure to all segments....PC, chips for automation, cars yadayada.......I believe they are sold out for 2022 and they gonna meet or beat for the upcoming earnings calls .... they announced price increase for 2023....the supply issues and increasing lead time for equipment ....12 to 18 months.....will keep the lid on over capacity......every downturn I recall was caused by over capacity or perceived over capacity.....IMHO the semi industry ..chip makers and equipment makers have never been in better shape...remember automakers eliminated certain features because they were lacking chips
  • p
    phil
    $AMAT conversation
    "Currently we see no signs of any weakening in our customer base. Zero,. And even if demand weakens, there is a big gap between the demand and our capacity."

    Peter Winnik, ASML CEO in their conference call

    I keep saying it. At a fundamental level, demand for digital systems is increasing every year and there is no obvious end in sight. Not this year, next year and unlikely the year after. The more likely scenario is a bunch of major demand drivers will come into play (example: someone described cars becoming data centers on wheels, and that cycle hasn't even begun) and chip supply will remain tight for 5-10 years. Maybe not as tight as its been recently, but any oversupply is likely to be infrequent and short-lived for the next decade or so.

    The underlying demand is just so incredibly large.

    Which is good for $AMAT, $ASML, $KLAC, $LRCX among others. All extremely undervalued.
  • p
    phil
    $AMAT conversation
    from the CEO on the $LRCX conference call:

    "I think the true shortages in ICs; its a multi-multi-quarter situation before we really feel anything we order has normal lead times as we're used to in the past."

    Yes, he actually said "multi-multi-quarter"

    Lam is the sort of company chipmakers want at (or near) the head of the line when it comes to chip deliveries. Chipmakers are dependent on Lam and Lam is dependent on them. True of all the top semi capex sorts ($KLAC, $ASML, etc).

    So, for a company at the head of the line to still have a multi-multi-quarter issue until a return to normal suggests other customers are looking at multi-multi-multi quarters before this resolves.

    Demand is/will remain enormous, despite the broader demand destruction under way from the Fed. Chip demand may take a hit in some areas, but more broadly, there are so many places where demand overwhelms supply it'll be hard to notice. With new demand drivers coming. We're looking at years of goodness
  • G
    Gerry
    EPS "slightly" below estimates $7.40 vs $7.51. Forward looking next quarter revenue goes from $4.06B to $4.20B, so that part is good. EPS still projected to be lower. CEO saying demand is still strong, results were within the guided ranges and that supply chain issues again were the cause of not meeting the midpoint of the guided range. I'll be on the 5PM CC.
  • A
    AI
    Sold more puts today...Won't be long now before you can buy at $250.
  • R
    Rich
    Sold off hard with anticipation of missing by 20% or more. The fact that it is a 3-5% miss on current and future guidance with horrible supply chain issues is fantastic
  • C
    Cliff
    ASML reported Euro3.5B in revenues and EPS of Euro1.73. Revenues were slightly light while earnings were a slight beat. Margins were 49%. An ok report.
    Orders continue to outstrip ability to supply. "Lets keep our fingers crossed and see what 2025 brings us" -Peter Wennick on the earnings call.......not very confidence building!”
    Meaning… supply chain is going to be a long struggle for years to come. Zeiss makes the key optics that are the differentiator that makes ASML tools work. There is no second source, ASML is totally dependent upon Zeiss.
    Zeiss does not have enough space to increase production.
    LRCX, AMAT, KLA are in the same boat for the long term. As a very long term holder and investor I’m confident and prepared sit on the sideline to reap the benefits in the long term. In the meantime enjoying the quarterly dividend payments. GLTA