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

Lam Research is one of the largest semiconductor wafer fabrication equipment, or WFE, manufacturers in the world. It specializes in the market segments of 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 cut 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 April 19, 2024, LRCX stock price climbed to $895.97 with 124,923 million shares trading.

LRCX has a beta of 1.84, meaning it tends to be more sensitive to market movements. LRCX has a correlation of 0.39 to the broad based SPY ETF.

LRCX has a market cap of $117.46 billion. This is considered a Large Cap stock.

Last quarter Lam Research reported $4 billion in Revenue and $7.52 earnings per share. This beat revenue expectation by $48 million and exceeded earnings estimates by $.42.

In the last 3 years, LRCX stock traded as high as $1,007.39 and as low as $299.59.

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

LRCX has outperformed the market in the last year with a return of +82.4%, while the SPY ETF gained +22.3%. In the last 3 month period, LRCX beat the market returning +14.3%, while SPY returned +5.3%. However, in the most recent 2 weeks LRCX has underperformed the stock market by returning -5.8%, while SPY returned -2.6%.

LRCX support price is $868.36 and resistance is $909.48 (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 stock will trade within this expected range on the day.