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Trend Radar is a column that allows you to track and evaluate specific movements in certain stocks or indices on a daily basis.
We expect this column of observation to help you more in-timely and accurately understand the market and to profit from the potential rally of the stock.
Disclaimer: Historical performance of stocks or indexes is not indicative of future trends. The content of this article is for informational purposes only. Investments are risky, opinions are not direct investment advice.
1. $Lam Research(LRCX)$ Shows Daily and Weekly Breakout After Earnings
Chip gear stocks surged Thursday after $Lam Research(LRCX)$ reported better-than-expected June-quarter results and gave an upbeat outlook.
$Lam Research(LRCX)$ shares have added about 54.7% since the beginning of the year versus the $S&P 500(.SPX)$ gain of 19%. Will Thursday’s move may be followed by more bullish activity？
2. What Drives $Lam Research(LRCX)$ ‘s Prices Higher
Benefit from AI, $Lam Research(LRCX)$ has gained the attention of value investors with its remarkable daily gain of 8.92% and a high Earnings Per Share (EPS) of $35.91.
$Lam Research(LRCX)$ is a key player in the semiconductor industry, specializing in manufacturing equipment used for semiconductor fabrication. It has been profitable for the past 10 years, with an impressive operating margin of 30.97%. The company’s average annual revenue growth is 26.6%, outperforming most companies in the Semiconductors industry.
$Lam Research(LRCX)$ is estimated to be fairly valued. The company has strong financial health, consistent profitability, and impressive growth. Major customers of $Lam Research(LRCX)$ include $Samsung Electronics Co., Ltd.(SSNLF)$ , $Micron Technology(MU)$ , $Intel(INTC)$, $SK Hynix, Inc.(HXSCL)$ & $Taiwan Semiconductor Manufacturing(TSM)$.
At least a dozen analysts raised their price targets on LRCX stock after the earnings report.( Arcuri reiterated his buy rating on LRCX stock and raised his 12-month price target to 750 from 725.)
3. More Discussion on $Lam Research(LRCX)$ ’s Future Trend and Target price
MMMCHARTING on @Twitter pointed that $Lam Research(LRCX)$ is loving the top of it’s trend line. But he is going to
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TraderFlorida @Twitter saide: $LRCX - up $60.00 from next suggested buy entry. Projected price target $679.00 area. Congratulations!
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4. Question for Tigers（All valid and top 10 most popular stocks are rewarded by Tiger Coins)
Will you take the time to consider $Lam Research(LRCX)$ to your Watch list? What’s your target price?
Any other stocks are shaping the same pattern?
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For those who don't know about LAM, Lam Research Corporation is an American supplier of wafer-fabrication equipment and related services to the semiconductor industry. Its products are used primarily in front-end wafer processing, which involves the steps that create the active components of semiconductor devices (transistors, capacitors) and their wiring (interconnects). The company also builds equipment for back-end wafer-level packaging (WLP) and for related manufacturing markets such as for microelectromechanical systems (MEMS).
Come and join the event, my friends! @GoodLife99 @Aqa @SR050321 @icycrystal @Universe宇宙 @rL @koolgal
Lam Research, $Lam Research(LRCX)$ a company that designs, manufactures, and services semiconductor processing equipment, has seen its revenues increase by 409% over the last decade. The company's EPS has grown by 3000% over the same period, with analysts predicting continued growth in sales and EPS in the medium term. Despite short-term risks, including potential tensions between the US and China, LRCX's long-term prospects look bright due to increasing demand for semiconductors and strategic partnerships. The revenues of Lam Research have quintupled over the past decade as they increased by 409%. The company increases its sales as it sells more equipment due to the increased demand and increase in the price of the equipment. Moreover, the company is also engaged in M&A activity, which are mostly tactical acquisitions to improve the value proposition. My target is $800