$LRCX Gaped Upward, Will hit Record High Soon?
💰💰💰Hi Tigers💖💖💖
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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
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