Lam Research (LRCX): A Stock Under Roth MKM’s Caution List Amid Semiconductor Industry Volatility

Insider Monkey12-18

We recently published a list of Roth MKM’s AI & Non-AI Stocks To Be Cautious About: 15 Stocks Bank With $60 Billion Capital Raise Is Watching. In this article, we are going to take a look at where Lam...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2492597812?lang=en_US&edition=fundamental","thumbnail":"https://s.yimg.com/uu/api/res/1.2/CmQCfgemvV63HFX1MndY1Q--~B/aD04MTY7dz0xNDU2O2FwcGlkPXl0YWNoeW9u/https://media.zenfs.com/en/insidermonkey.com/7d42c94c2952e615089dd3d063c63b08","is_english":true,"pubTime":"2024-12-18 14:41","share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","id":"2492597812","market":"us","top_or_hot":-1,"title":"Lam Research (LRCX): A Stock Under Roth MKM’s Caution List Amid Semiconductor Industry Volatility","media":"Insider Monkey","content":"<div>\n<p>We recently published a list of Roth MKM’s AI & Non-AI Stocks To Be Cautious About: 15 Stocks Bank With $60 Billion Capital Raise Is Watching. In this article, we are going to take a look at where Lam...</p>\n\n<a href=\"https://finance.yahoo.com/news/lam-research-lrcx-stock-under-064119794.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Lam Research (LRCX): A Stock Under Roth MKM’s Caution List Amid Semiconductor Industry Volatility</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nLam Research (LRCX): A Stock Under Roth MKM’s Caution List Amid Semiconductor Industry Volatility\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-12-18 14:41 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/lam-research-lrcx-stock-under-064119794.html><strong>Insider Monkey</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>We recently published a list of Roth MKM’s AI & Non-AI Stocks To Be Cautious About: 15 Stocks Bank With $60 Billion Capital Raise Is Watching. In this article, we are going to take a look at where Lam...</p>\n\n<a href=\"https://finance.yahoo.com/news/lam-research-lrcx-stock-under-064119794.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SG9999015978.USD","symbol_name":"利安颠覆性创新基金A","start_time":0,"source_url":"https://finance.yahoo.com/news/lam-research-lrcx-stock-under-064119794.html","article_id":"2492597812","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/CmQCfgemvV63HFX1MndY1Q--~B/aD04MTY7dz0xNDU2O2FwcGlkPXl0YWNoeW9u/https://media.zenfs.com/en/insidermonkey.com/7d42c94c2952e615089dd3d063c63b08"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2492597812","pubTimestamp":1734504079,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"We recently published a list of Roth MKM’s AI & Non-AI Stocks To Be Cautious About: 15 Stocks Bank With $60 Billion Capital Raise Is Watching. In this article, we are going to take a look at where Lam Research Corporation  stands against other Roth MKM’s AI & non-AI stocks to be cautious about.The technology industry has driven the stock market at a time when interest rates were at two-decade-high levels. At the heart of the surge is artificial intelligence which has pushed some stocks to record highs. To understand the impact of AI on the broader stock market and technology stocks in particular, consider the performance of the flagship S&P stock index, the wider NASDAQ index, and the mega cap-focused component of the NASDAQ. Since OpenAI announced ChatGPT for public use in November 2022, the three stock indexes have gained 49.5%, 64%, and 71%, respectively.","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"SG9999015978.USD":"利安颠覆性创新基金A",".IXIC":"NASDAQ Composite","LU1691799644.USD":"Amundi Funds Polen Capital Global Growth A2 (C) USD","LU0158827948.USD":"ALLIANZ GLOBAL SUSTAINABILITY \"A\" (USD) INC","LU0096364046.USD":"CT (LUX) I AMERICAN \"DU\" (USD) ACC","LU2417539215.USD":"ALLIANZ GLOBAL INCOME \"AMF\" (USD) INC","IE000KEQY171.SGD":"PIMCO BALANCED INCOME AND GROWTH \"M\" (SGDHDG) INC","BK4573":"虚拟现实","QLD":"纳指两倍做多ETF","LU1674673428.USD":"HSBC GIF GLOBAL LOWER CARBON EQUITY \"AC\" (USD) ACC","PSQ":"纳指反向ETF","LU0130103400.USD":"Natixis Harris Associates Global Equity RA USD","TSYW.SI":"TESLA 3xLongSG261006","LU0354030438.USD":"富国美国大盘成长基金Cl A Acc","NVIW.SI":"NVDA 3xLongSG261006","LU0077335932.USD":"FIDELITY AMERICAN GROWTH \"A\" INC","IE00BJTD4N35.SGD":"Neuberger Berman US Long Short Equity A1  Acc SGD-H","USAW.SI":"AMZN 3xLongSG261006","IE00B7KXQ091.USD":"Janus Henderson Balanced A Inc USD","BK4514":"搜索引擎","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","LU2247934214.USD":"FIDELITY FUNDS SUSTAINABLE FUTURE CONNECTIVITY \"A\" (USD) ACC","TQQQ":"纳指三倍做多ETF","LU1032955483.USD":"NORDEA 1 STABLE RETURN \"HB\" (USDHDG) ACC","LU1880398471.USD":"AMUNDI FUNDS GLOBAL EQUITY \"A2\" (USD) ACC","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","LU0456855351.SGD":"JPMorgan Funds - Global Equity A (acc) SGD","LU1506573853.SGD":"MANULIFE GF GLOBAL EQUITY \"AA\" (SGD) INC","SQQQ":"纳指三倍做空ETF","AMZN":"亚马逊","BK4592":"伊斯兰概念","LU0823411888.USD":"法巴消费创新基金 Cap","SG9999001077.SGD":"United International Growth Fund SGD","LU1066051811.HKD":"HSBC GIF GLOBAL EQUITY VOLATILITY FOCUSED \"AM2\" (HKD) INC","LU2244417387.USD":"FIDELITY SUSTAINABLE US EQUITY \"A\" (USD) ACC","LRCX":"拉姆研究","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","LU0056508442.USD":"贝莱德世界科技基金A2","USJW.SI":"ALPHAB 3xLongSG261006","LU1823568750.SGD":"Fidelity Global Technology A-ACC SGD","LU1280957306.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQUITIES \"AUP\" (USD) INC","GOOGL":"谷歌A","QID":"纳指两倍做空ETF","LU2592432038.USD":"WELLINGTON MULTI-ASSET HIGH INCOME \"A\" (USD) ACC","LU0820562030.AUD":"ALLIANZ INCOME AND GROWTH \"AMH2\" (AUDHDG) H2 INC","LU0353189763.USD":"ALLSPRING  US ALL CAP GROWTH FUND \"I\" (USD) ACC","IE00BK4W5L77.USD":"HSBC GLOBAL FUNDS ICAV US EQUITY INDEX \"HC\" (USD) ACC"},"translate_title":"Lam Research(LRCX)：半导体行业波动中Roth MKM警告名单上的股票","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"LRCX":1,".IXIC":0.9,"AMZN":0.67,"GOOGL":0.62,"USJW.SI":0.6,"NVIW.SI":0.6,"PSQ":0.6,"QID":0.6,"QLD":0.6,"SQQQ":0.6,"TQQQ":0.6,"TSYW.SI":0.6,"USAW.SI":0.6,"MNQmain":0.6,"NQmain":0.6},"content_text":"We recently published a list of Roth MKM’s AI & Non-AI Stocks To Be Cautious About: 15 Stocks Bank With $60 Billion Capital Raise Is Watching. In this article, we are going to take a look at where Lam Research Corporation (NASDAQ:LRCX) stands against other Roth MKM’s AI & non-AI stocks to be cautious about.\nThe technology industry has driven the stock market at a time when interest rates were at two-decade-high levels. At the heart of the surge is artificial intelligence which has pushed some stocks to record highs. To understand the impact of AI on the broader stock market and technology stocks in particular, consider the performance of the flagship S&P stock index, the wider NASDAQ index, and the mega cap-focused component of the NASDAQ. Since OpenAI announced ChatGPT for public use in November 2022, the three stock indexes have gained 49.5%, 64%, and 71%, respectively.\nThis index performance provides us with two key insights into what has driven the stock market’s performance over the past two years. Firstly, the difference between the performance of the tech-heavy stock index and the flagship S&P indicates that technology stocks have driven the market. To verify this assumption, consider the performance of the S&P’s banking and energy stock indexes. Over the same time period, these indexes have gained 22% and 5.7%, respectively. These two are amongst the largest non-tech stock market sectors and while tech has soared, their returns have lagged.\nThe second insight is the absolute dominance of mega-cap technology stocks. This insight comes through the performance of the mega-cap-focused NASDAQ index. It leads the broader, and already tech-heavy, NASDAQ index by seven percentage points and has been dominated by the performance of Wall Street’s favorite AI GPU designer whose shares have gained 749% since ChatGPT’s public release. As for the other Magnificent 7 stocks, shares of the EV maker are up 76%, those of the firm behind Windows have gained 62%, the search engine provider’s stock is up 75.8%, the social media company is up by 349%, the eCommerce retailer has gained 115%, and the iPhone-maker is up by 55%.\nAs a result, it’s clear that technology stocks are playing a large role in driving the stock market’s performance. So, it merits taking a deeper look at their performance, understanding what the future holds for them, and analyzing how they might be positioned to respond to fast-growing technology trends such as autonomous driving and artificial intelligence.\nOne firm that has worked closely with technology stocks and engaged in investment rounds for technology startups is the investment bank Roth MKM. The firm claims to have “raised over $60 billion for small-cap public companies since 1992,” through “services including IPOs, Follow-ons, Secondary Sales, Private Placements, ATMs and M&A Advisory.” The firm’s analysts have been busy sharing their thoughts on some of the biggest technology companies this year.\nFor instance, Roth analyst Rohit Kulkarni shared his thoughts on CNBC about Jeff Bezos’ eCommerce and cloud computing company in July. He outlined that the firm’s Amazon Web Services (AWS) CEO Matt Garman “at a spot where he needs to prove out that AWS, the leader in cloud, can maintain the leadership in AI, uh, in the next three to five years.” 2024 so far had seen the firm shift the narrative around AWS where investors were slowly warming up to the fact that it could lead in AI and the firm was “playing catch up,” outlined the Roth analyst. He went on to share the key watch-out points on investors’ minds as the year started and what they will evaluate moving forward.\nAccording to Kulkarni, “there were two biggest questions coming into 24 for Amazon. Can they provide accelerating growth in AWS? Yes, they did. And second biggest question was can they demonstrate rising profitability in both North America and international retail? Yes they did. And we are approaching probably record high margins in retail in the next six to nine months. That’s what is, something that investors strongly believe who are bullish in Amazon that retail profitability is going to help it, help go beyond what we even saw in 2018, 19 levels. So that’s a fundamental restructuring of the business that Andy Jessy has kind of orchestrated and that is going to help the stock. While doing that, AWS narrative is slowly shifting in their favor. So both the pillars in Amazon’s growth engine are starting to fire while they are outperforming on advertising, while they are including new layers of growth. Like supply chain as a service, healthcare related new thing.” Consequently, the analyst concluded that we like the firm “over the next, not just six months, but probably into 25.”\nAnother firm that has been in the news is Elon Musk’s car company. While its shares have been affected by the slow EV market in 2024, the outcome of the election injected fresh life into the stock. From the start of the year until the day of the election, the stock was down 2.2%. Now, it is up 36% year-to-date after having gained 39% since the election. Roth’s senior analyst Craig Irwin shared some insights for this firm recently. Along with being an EV company, the firm is also a key player in the autonomous driving industry. The autonomy potential, aided by copious amounts of data and training resources, is also baked into the stock. According to Irwin, the firm’s decision to rely on cameras instead of LiDAR sensors can prove to be tricky.\nHe believes “technologically, it’s possible, doable. But the economics don’t come together when you’re actually burning twice as much electricity to get from A to B. The compute, the cost of compute is high.” However, he is a “big believer in the future long-term of autonomous, but it’s not going to be an app update of the existing fleet. And these are going to be very different vehicles when they get out on the road.” Consequently, after factoring in error rates as well, the analyst is “a heavy skeptic” who believes that “if we do see, you know, a Waymo-like vehicle, it’ll be another five years.”\nSo, as Roth MKM keeps a close eye on the technology sector, we decided to look at which technology stocks the firm is wary of. In a recent note, the firm shared that “We are not downgrading Technology. In our view, downgrades call for immediate selling.” But it cautioned that it is “starting to see more charts losing upside momentum, but our work also shows many names have yet to reach their ‘stop loss’ levels on the chart. We are aware of the leadership this group has provided the market over the last two years but in the near term, we anticipate this sector performs in line with the overall market.”\nOur Methodology\nTo make our list of Roth MKM’s technology stocks to be cautious about, we ranked stocks part of its recent report by the number of hedge funds that had bought the shares in Q3 2024 in descending order.\nFor these stocks, we also mentioned the number of hedge fund investors. The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points. (see more details here).\n A technician operating an automated semiconductor processing machine with laser accuracy. \nLam Research Corporation (NASDAQ:LRCX)\nNumber of Hedge Fund Holders In Q3 2024: 58\nLam Research Corporation (NASDAQ:LRCX) is an American semiconductor manufacturing hardware provider. The firm’s equipment is used in several stages of the chip manufacturing supply chains such as etching. Consequently, Lam Research Corporation (NASDAQ:LRCX) is exposed to the broader semiconductor industry instead of simply being limited to the AI industry. This is also reflected in the stock as the shares are down 5.4% year-to-date. Lam Research Corporation (NASDAQ:LRCX)’s investors are also uncertain because of the firm’s exposure to China and its reliance on the memory industry. As an illustration, consider the fact that during the firm’s fiscal year 2024, 42% of its revenue was from China and $14.9 billion came from memory chips. Tensions between the US and China, particularly those surrounding semiconductor technology stand to restrict Lam Research Corporation (NASDAQ:LRCX)’s sales, and only the very high-end memory sector benefits from AI demand.\nArtisan Partners mentioned Lam Research Corporation (NASDAQ:LRCX) in its Q2 2024 investor letter. Here is what the fund said:\n\n“The top contributors to performance for the quarter were Alphabet, Lam Research Corporation (NASDAQ:LRCX) and Elevance. Lam Research shares rose 10% during the quarter and are up 67% over the past year, primarily due to optimism around the pending investment cycle in semiconductor capital expenditures. Lam is one of the largest equipment manufacturers used to make semiconductor chips. This equipment, commonly referred to as WFE (wafer fabrication equipment), is expected to experience significant growth due to a combination of a cyclical rebound in memory chips and growing demand for new AI-related chips. Lam’s product portfolio is particularly well positioned to benefit from both trends and should grow even faster than the overall market. Its shares now trade at ~30X prior peak earnings, which suggests this dynamic is well understood by the market and is mostly priced in.”\n\nOverall, LRCX ranks 9th on our list of Roth MKM’s AI & non-AI stocks to be cautious about. While we acknowledge the potential of LRCX as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than LRCX but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.\nREAD NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock\nDisclosure: None. This article is originally published at Insider Monkey.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2492597812"}