Italia markets closed

Lam Research Corporation (LRCX)

NasdaqGS - NasdaqGS Prezzo in tempo reale. Valuta in USD.
Aggiungi a portafoglio
612,48-0,08 (-0,01%)
Alla chiusura: 4:00PM EDT
Accedi per pubblicare un messaggio.
  • p
    phil
    $AMAT conversation
    The downgrade is exactly the sort of thing some analysts have been sitting on. They are all trying to catch the inflection point, when the chip mfg biz goes from under-capacity to meeting capacity to over-capacity. So some will jump to downgrades once they perceive we hit peak under-capacity. The first one to jump is the Susquehanna guy. But here's the thing. Even if he is right that we're around the peak under-capacity, it is not at all obvious we'll get to meeting capacity anytime soon. Let alone go too far and have the chip biz hit over-capacity, which is the point equipment orders will slow/delay.

    Today we have chip shortages in plenty of places. Many are forecasting it'll take a year to fully catch up. And by then, we'll have 5G phones hitting their major growth window, as 5G becomes more useful. Autonomous driving is a few more years out, but after the 5G cycle peaks, these new vehicles will suck up chips at double the rate of most of today's vehicles. And the trend towards digitization isn't slowing down even a little bit. Indeed, its now the ante for most businesses -- if you don't digitize much of your operation, no one will invest in it. And yeah, computational medicine will soak up chips like nothing else in history because biology is really complicated and the computing horsepower needed to solve things like cancers and autoimmune diseases is staggering.

    All this isn't to suggest that there will never be another cloudy day for AMAT. But they'll be few and far between. And they won't last long either. Because ship consumption is going to grow enormously and for a long time. And they need $AMAT, $LRCX, $KLAC, $ASML, etc to do this.

    As for AMAT, you can this set-up for a below market multiple!! Geez ...
  • B
    Bobby
    Taiwan Semiconductor Manufacturing Company Limited
    The entire semiconductor sector appears to be under fire from so called "analysts" that are actually jack-of-all-trades but masters of NONE. Their archaic thinking in traditional cyclical rotations of the semiconductor industry is forcing stocks prices lower. Even when most chip and equipment companies are crushing earnings, are producing at max capacity, increasing prices, and raising guidance. Global demand would be high regardless of any shortage. 5G, AI, EV, crypto, data centers, cloud tech, gaming, eSports were already ensuring this growth and demand. Now add the new infrastructure spending and the global "arms race" that's taking place. We are in the beginning of a super cycle like never seen, likely lasting many years. Semiconductors are the new #1 global resource....the new oil.
    (Fabless) companies like $NVDA, $AMD, $MRVL, $AVGO, $QCOM design the most advanced and sought after semiconductors in the world. (Fab-owning) companies like $TSM, $TXN, $ADI, $QRVO manufacture the chips. Companies like $AMAT, $ASML, $LRCX, $KLAC, $UCTT, $ICHR make all the equipment and materials used by those chip manufacturers. High tide raises all boats! .....and many of these companies are already currently undervalued. GLTA
  • B
    Bobby
    Alphabet Inc.
    Just remember, the faster the fall, the quicker the bounce back! Great time to pick up the hard hit like $GOOG, $AMZN, $MSFT, $NVDA, $SHOP, $ADBE, $ASML, $PYPL, $LRCX, $KLAC.
  • n
    nycapitalist
    $AMAT conversation
    Some relative strength for AMAT today considering $lrcx was down more than 2%. They rarely diverge like that. I don't see any specific news. Strange.
  • p
    phil
    $AMAT conversation
    great company, great biz, great earnings, great future.

    AMAT has $6+billion in share buyback authorization and it is days like today, when it drops despite delivering a brilliant earnings report, that you hope they buy back shares.

    My guess is that AMAT will double its dividend within the next year. Its earning nearly $2/quarter, it can afford a dividend of nearly $2 per year.

    I can't rationalize a share price this low. This is among the cheapest high tech stocks in the world, along with $KLAC, $LRCX and a few others who play big in this space. PEG ratio of 0.2?!!!! Forward PE of 15-ish. Strong balance sheet. Huge growth opportunities as AI starts to take hold. And numerous major nations deciding they're under-invested in IC technology.

    The story couldn't be better and the shares have rarely been cheaper.
  • p
    phil
    $AMAT conversation
    Once again, AMAT hits the $140 area and gets rejected. Happened in April, in early June, in late June and now again in August.

    Still think the prospects are terrific, but what could they possibly say in their earnings which would get this thing to breakout?

    Even the Micron story (memory pricing softening) doesn't really add up. Micron just reported their order filling time is at a record high, 20 weeks, meaning they aren't keeping up with demand. How does 'not keeping up with demand' = 'weakness ahead'?

    I get a sense the market is wanting to pounce on bad news for $LRCX, $KLAC, $AMAT and others -- as if they want to get ahead of some big downward spiral. But that isn't coming, demand is explosive and huge new markets are still early. 5G phones have barely begun to sell. Autonomous driving is a few years from adding massive new demand. Computational medicine is bigger than almost any chip market ever -- and that's coming, too.

    The markets can't drive it down too much while the results are stellar. But forward P/E in the mid-teens makes zero sense. Not when the upside is so large. So I expect continued aggressive buybacks and stellar results. And perhaps some day, the fearful will realize that chips are essential to the future, and stop the downward pressure on these excellent companies.
  • G
    Gary A
    $AMAT conversation
    As with Gabby, I began adding to my positions in AMAT, $LRCX and yes even added some $ASML this morning. Should price opportunities emerge below this mornings lows I will make additional buys.
  • B
    Bobby
    Lam Research Corporation
    Just take a step back and take a look at what is going on....fabless companies $NVDA $AMD and now $QCOM all reporting incredible ER's with tremendous growth WITH very positive guidance going forward. Semi manufactures like $TSM $TXN all reporting beats with significant growth and constantly guiding upwards with positive outlooks going forward. Other manufacturers like $QRVO and $SWKS will likely reports similar strong ER's this week. Semi equipment companies like $ASML (destroyed earnings) $LRCX $AMAT are and will likely continue reporting even more significant earnings and growth due to unprecedented demand. The semiconductor industry is looking outstanding right now and has an even brighter future. ER's are reflecting this nicely. I'm severely bullish on this industry right now and many of the stocks, particularly semi equipment stocks are looking like value plays ($AMAT and $LRCX especially undervalued).
  • G
    Gary A
    $NVDA conversation
    If it looks, feel, tastes and smells like mid-summer market churn, it is mid-summer market churn which has the appearance in many sectors and price consolidation which is a price correction against time. Most semiconductor and semiconductor equipment stocks are range bound and have been for a trading range since late April/Early May 2021 with $TXN, $ADI, $AMAT, $LRCX, $AMD, $KLAC and many others as examples. Enjoy your summer and seek buying opportunities near the lower end of the price range bound from early May onward. There is nothing new here just typical summer market action. The demand for semiconductors will only increase with time and that demand curve doesn't appear linear but rather more exponential.
  • n
    nycapitalist
    $AMAT conversation
    Look at $amat and $lrcx grind up and spit out that downgrade. A silly downgrade at that.
  • s
    stocktargetadvisor
    $LRCX conversation
    $LRCX

    Target Raised by Stifel Nicolaus Buy USD 780 » USD 790
    Target Raised by UBS Buy USD 745 » USD 750
    Maintains Wells Fargo Equal-Weight USD 690 » USD 660
    Target Raised by Mizuho Securities Buy USD 705 » USD 725
    Reiterated by Needham & Company LLC Hold
  • n
    nycapitalist
    $AMAT conversation
    After $LRCX earnings, there are now some price targets being lowered. That hasn't happened in while. It could get ugly in this sector today. Would like to see AMAT hold $110 as support. If it loses that, it's hard to say where it will go. We'll see if there is more downward price targets as the morning and day goes on.
  • V
    VinnyP
    Hopefully $LRCX will bring up the semi-sector on Tuesday. Though $LRCX should beat expectations and provide solid guidance; hopefully this trend of major sell-offs/profit taking during earnings calls is over with.
  • A
    AvastYe
    $MU conversation
    The Wedbush downgrade doesn't make any sense. You can't have $SWKS and $LRCX upgraded on 5G demand, and $NVDA and $AMD upgraded on upcoming console demand, and not have $MU caught up in there somewhere. This reminds me of the Q4 19 earnings when MU was 'rumored' to be finally posting their expected down-cycle loss only to show 1/2 billion in profit. That head-turning beat launched the stock from the $40's to over $60. I suspect something similar may happen again with ER on 29th.
  • B
    Brock
    $LRCX conversation
    I have position in 2 stocks. $OCGN and $LRCX ... hoping for an awesome week.
  • V
    Vitaliy
    I’m holding 4 semis, and have mixed feelings: (1) $NVDA is a superstar and I plan continue keeping it.
    (2) $MU is falling, but has potential to grow with the planned/ongoing buy backs, cash return to shareholders and potential memory market recovery. So, I will keep it for the next 6-12m
    (3) my biggest concerns are about $LRCX and $AMAT. I agree that that was a wrong idea to buy both stocks. The companies are great, but not in the late cycle of the economic expansion. So, I feel that I m not only losing money with both companies, but also not receiving potential gain with other companies. I hope that trade tensions will be resolved soon (probably, after mid-term elections) that would give a boost to the semis. Otherwise, I see no chance to recover losses with both companies
  • n
    nycapitalist
    $AMAT conversation
    Fear, capitulation. At 8:30 AM, it will be revealed that inflation is rising (which is already known and expected) and the real selling will begin. The stocks of very good and profitable companies get swept up in it as will $lrcx $amat and the rest.
  • A
    Anonymous
    $LRCX conversation
    $LRCX
    Target Raised by B. Riley Buy USD 600 » USD 650
    Target Raised by Credit Suisse In-Line » Outperform USD 450 » USD 650
    Target Raised by Deutsche Bank Hold USD 500 » USD 575
  • G
    Gary A
    $NVDA conversation
    Finally, a respectable correction in the technology sector. There are some sweet opportunities today in $NVDA, $LRCX, $AMAT and $KLAC to name just a few. I just started buying mid day and you should too.
  • V
    Vitaliy
    Amazing day. The whole market is red, but $LRCX and $AMAT are green 💫