193.09 -0.01 (-0.01%)
After hours: 7:25PM EST
|Bid||190.75 x 500|
|Ask||193.09 x 300|
|Day's range||188.61 - 193.67|
|52-week range||115.70 - 219.70|
|PE ratio (TTM)||21.21|
|Earnings date||16 Apr 2018 - 20 Apr 2018|
|Forward dividend & yield||2.00 (1.06%)|
|1y target est||249.47|
Lam Research (LRCX) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Zacks Investment Ideas feature highlights: Nasdaq 100 triple, NVIDIA, Alibaba, Lam Research and Apple
This is KLA’s biggest-ever dividend increase, notes Ellis, and it signals the health in the industry, and bodes well for capital returns, he thinks, "kicking off a wave of broader sector excess cash return moves we expect can be followed by LRCX and AMAT but with a differing stock repurchase and/or dividend increase allocations." The move from 2.3% current yield on KLA’s dividend to 2.9% is a big deal, 1.2 points ahead of the S&P 500’s average 1.8% And there’s more to come next year, he thinks: The further and essential context is the dividend was hiked just six months ago from $0.54 to $0.59 which means a +39% Y/Y increase when paid this June. Indeed, even with the dividend increase baked in, cash could rise $400-$600M per year in the next few years absent share buy-backs or a follow-on hike or both, so we suspect balanced cash return is a card KLAC can continue to play, as it has decade to date even as it leaves abundant wiggle room for substantial increases in early 2019.
Last year, in 2017, the tech (technology) sector outperformed the overall market. Cyclical stock performances are directly proportional to economic growth, whereas defensive stock performances are resistant to economic pressures.
The Zacks Analyst Blog Highlights: Microsoft, Apple, Micron Technology, Lam Research and ASML Holding
Apple, Amazon.com and Netflix were among the top gainers as stocks rebounded Monday from multi-month lows hit Friday.
With semiconductor equipment companies not getting their due in terms of stock valuations, it may be time to consider having private equity firms do leveraged buyouts, write Credit Suisse analysts Farhan Ahmad and John Pitzer. Worries about declines in NAND memory chip pricing, in particular, are hurting Lam and others that supply memory-chip makers Micron Technology (MU) and its competitors. “Consensus view is that it is not worth buying Semicap/Memory stocks when NAND pricing is going down and DRAM pricing could potentially decline in C2H18,” note Ahmad and Pitzer.
It's been a market-beating strategy to buy the three S&P industry sectors and the 12 sub-industry sectors that did the worst in a sell-off
Zacks.com highlights: Lam Research, Exponent, E*TRADE Financial, Washington Federal and Andeavor
Intel (INTC), Netflix (NFLX) and Lam Research (LRCX) earnings, Facebook (FB), Twitter (TWTR) and Alphabet (GOOGL) statements published by Congress and Amazon Go launch were the top news last week.
If you’re looking for a sure thing in tech stocks these days, it seems you could do worse than shares of a couple of the biggest chip equipment makers, the companies that provide the tools to Intel and others to fabricate semiconductors. Three great picks to consider are automotive-parts supplier Aptiv (APTV), European semiconductor maker STMicroelectronics (STM), and Japanese motor maker Nidec (6594.Japan). Last week, shares of Lam Research (LRCX) and KLA-Tencor (KLAC), among the top chip equipment vendors, actually saw their shares decline slightly despite reporting healthy results.
Shares of chip equipment vendor KLA-Tencor (KLAC) are up 52 cents at $113.59, continuing yesterday evening’s after-hours gains, following fiscal Q2 revenue and profit that both topped analysts' expectations, but a forecast for this quarter that was below consensus. The bulls on KLA are calling the company more “modest” than Lam, but still deserving of praise. The bears, however, are taking KLA at its word and focusing on its relatively slower growth. Morningstar’s Abhinav Davuluri, who thinks Lam is overvalued, thinks KLA is actually undervalued.