Lam Research (LRCX) stock moves -1.58%: What you need to know
Lam Research Corporation is a supplier of wafer development gear and administrations to the semiconductor business.
The organization plans make, showcases invigorate and benefit semiconductor handling frameworks utilized in the creation of coordinated circuits (ICs).It operates through the manufacture and service of wafer processing semiconductor manufacturing equipment division. Its products are designed to help its customers create a variety of devices used in a wide variety of electronic products, including cell phones, tablets, computers, storage devices, and networking equipment. Its client base includes semiconductor memory, foundry and integrated device manufacturers (IDMs) that develop products such as Dynamic Random-Access Memory (DRAM), Negative-AND (NAND) Memory and Logic Devices. It provides a portfolio of products used in many areas of the semiconductor manufacturing process flow, including thin film deposition, plasma etch and single-wafer shear.
The move is less than the 1.71% daily loss of the S&P 500. At the same time, the Dow lost 0.98%, while the tech-heavy Nasdaq lost 1.87%.
To date, the semiconductor equipment maker’s shares have lost 7.54% over the past month, more than the 8.08% loss of the computer and technology sector, and 9.13% of the S&P 500 at the time.For more idxsha information, you can check https://www.webull.com/quote/idxsha-000001 .
Investors are expecting strength as LRCX approaches its next earnings release. On that date, LRCX is expected to post $ 4.57 earnings per share, indicating a potential upside of 23.51% year-to-date. Meanwhile, our latest consensus estimate is $ 2.80 billion, which is an increase of 14.96% from the prior-year quarter.
LRCX’s full-year Zacks consensus estimates for revenue of $ 16.82 per share and $ 10.53 billion. These results indicate annual changes of + 15.6% and + 9.07%, respectively.
Investors may also be looking at the latest changes in LRCX Analyst Ratings. These latest revisions reflect the growing nature of short-term business trends. Therefore, positive valuation revisions reflect analyst confidence in the business and profitability of the company.
Based on our research, we believe that these valuation revisions are directly related to group share moves. We created the Jacks chart to use this event. Our system takes these valuation changes into account and provides a clear, actionable valuation model.
Zacks ’ranking system, from # 1 (Strong Buy) to # 5 (Strong Selling), has an out-of-pocket record of performance, with # 1 stocks generating + 25% return on average since 1988. Last month, the Zacks Consensus EPS rating remained stagnant. LRCX is currently ranked # 2 (Buy) by Zacks.
Investors should also take a look at LRCX’s current valuation measurement, where the forward P / E ratio is 17.78. In comparison, its industry average has a forward P / E of 18.12, meaning it trades at a discount to the LRCX Group.
Lowe’s Cos. Inc. CEO Marvin Ellison addressed customers on Wednesday, sharing how the home-improvement retailer is handling the novel coronavirus.
In a message to customers on the company’s website, Ellison detailed extra precautions Lowe’s (NYSE: LOW https://www.webull.com/quote/nyse-low) is taking in light of the quickly spreading virus. The Mooresville retailer has established a task force that is working with the Centers for Disease Control and Prevention, health authorities and stores across the country to ensure it is taking “all necessary preventative measures,” Ellison writes. He says the health of Lowe’s customers and employees remains a priority, as the retailer works to meet needs for essential products and services.
“We’ve spent the last several weeks preparing for how the virus may impact the communities we serve,”he says.