LRCX Stock Summary and Trading Ideas (Lam Research | NASDAQ:LRCX)

Lam Research is one of the largest semiconductor wafer fabrication equipment manufacturers in the world. It specializes in deposition and etch, which entail the buildup of layers on a semiconductor and the subsequent selective removal of patterns from each layer. Lam holds the top market share in etch and holds the clear second share in deposition. It is more exposed to memory chipmakers for DRAM and NAND chips. It counts as top customers the largest chipmakers in the world, including TSMC, Samsung, Intel, and Micron.

Lam Research trades on the NASDAQ stock market under the symbol LRCX.

As of February 10, 2025, LRCX stock price climbed to $83.42 with 5,048,559 million shares trading.

LRCX has a beta of 2.18, meaning it tends to be more sensitive to market movements. LRCX has a correlation of 0.43 to the broad based SPY ETF.

LRCX has a market cap of $107.08 billion. This is considered a Large Cap stock.

Last quarter Lam Research reported $4 billion in Revenue and $.91 earnings per share. This beat revenue expectation by $66 million and exceeded earnings estimates by $.03.

In the last 3 years, LRCX traded as high as $113.00 and as low as $29.96.

The top ETF exchange traded funds that LRCX belongs to (by Net Assets): VTI, VOO, QQQ, SPY, IVV.

LRCX has underperformed the market in the last year with a return of -0.7%, while SPY returned +22.9%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in LRCX shares. However, LRCX has outperformed the market in the last 3 month and 2 week periods, returning +5.6% and +4.7%, while SPY returned +1.9% and -0.5%, respectively. This indicates LRCX has been having a stronger performance recently.

LRCX support price is $79.99 and resistance is $84.67 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that LRCX shares will trade within this expected range on the day.