에 대한 최신 뉴스 Lam Research (NASDAQ:LRCX) 주식

Lam Research

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.

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Movers

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LRCX

MRVL

NVDA

여러 반도체 관련 주식들이 수요일 시장 마감 후 상승하고 있다. 이는 마이크론 테크놀로지(NASDAQ:MU)의 주가가 강력한 분기 실적을 발표한 후 급등한 것과 함께 발생한 일이다.

웨스턴 디지털, 엔비디아 등 칩주식들이 수요일 애프터 마켓에서 상승하는 이유는?

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ASML

BABA

SSNLF

중국의 양쯔강 메모리 테크놀로지(Yangtze Memory Technologies Co, YMTC)가 ASML 홀딩 NV(NASDAQ:ASML)와 램 리서치(NASDAQ:LRCX)의 반도체 제조 기술을 국내 대안품으로 대체하는 데 몇 가지 혁신을 이뤘다고 블룸버그가 테크인사이츠(TechInsights)를 인용하여 보도했다. 이는 미국의 제재가 중국의 인공지능(AI) 야망에 영향을 미치고 있는 가운데 발생한 일이다.

중국 YMTC, 칩 생산에서 큰 발전; 미국 제재로 인해 ASML, 램 리서치 기술 대체: 보도

After-Hours Center

램 리서치(NASDAQ:LRCX)의 주가는 회사가 수요일 4분기 재무 결과를 발표한 후 하락했다. 보고서의 주요 내용은 다음과 같다. 주요 정보: 램 리서치는 분기별 주당 순이익을 7.78달러로 보고했는데, 이는 분석가 컨센서스인 7.58달러를 2.64% 상회한 수치이다. 분기별 매출은 38억 7,000만 달러로 분석가들의 예상치인 38억 2,000만 달러를 넘어섰고 지난해 같은 기간보다 매출이 20.67% 증가했다.

램 리서치의 주식은 4분기 실적과 1분기 전망 발표 이후 애프터마켓에서 하락

Lam Research Corp

LAM RESEARCH ORD

A hotter-than-expected jobs report spurred a premarket rally on Wall Street Friday, showcasing the U.S. economy&#8217;s resilience and easing concerns <a href="https://www.benzinga.com/economics/macro-economic-events/24/10/41184080/us-economy-adds-254-000-new-jobs-in-september-smashes-expectations-unemployment-f">over an economic slowdown. </a>
The strong labor data also led traders to rethink the Federal Reserve&#8217;s aggressive rate cuts, resulting in a jump in the dollar and Treasury yields.
What Happened: The U.S. economy added 254,000 jobs in September, far exceeding the expected 140,000. This marks an acceleration from August&#8217;s 159,000 figure and well above the 12-month average of 230,000. Payrolls for both July and August were upwardly revised by 55,000 and 17,000, respectively.
Private sector payrolls accounted for 223,000 jobs, while the government added 31,000. The unemployment rate fell unexpectedly by 0.1% to 4.1%, beating the forecasted 4.2%.
Wages grew by 0.4% in September, surpassing the expected 0.3%. 
Why It Matters: The stronger-than-expected pace of job addition, coupled with a surprisingly lower unemployment rate and higher wage growth, signals a strong consumer spending outlook, which could lift corporate earnings, particularly as we head into the fourth quarter.
Yet the labor market&#8217;s strength also complicates the Federal Reserve&#8217;s efforts to curb inflation. Higher wages could stoke consumer demand, putting upward pressure on prices, potentially slowing disinflation efforts. This may lead the Fed to delay or scale back anticipated interest rate cuts.
Before the jobs report, the market had priced in a 30% chance of a 50-basis-point rate cut in November, according to the CME FedWatch Tool. Following the data release, those odds plummeted to 11%. 
<h3 class="wp-block-heading">Market Reactions:</h3>
<ul>
<li>The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) jumped 0.9% in premarket trading, edging closer to its recent record highs.</li>
<li>The Invesco QQQ Trust (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), which tracks major tech stocks, rallied 1.4%, driven by strong gains in the semiconductor sector. The iShares Semiconductor ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SOXX#NYSE">SOXX</a>) surged 2.1%.</li>
<li>Blue chips rose as well, with the SPDR Dow Jones Industrial Average ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>) up by 0.7%.</li>
<li>Small caps outperformed large caps. The iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) rallied 1.7%. </li>
<li>Yields on the 10-year Treasury bond soared by 11 basis points to 3.96%. Yields on the policy-sensitive two-year note spiked by 15 basis points to 3.87%.</li>
<li>The iShares 20+ Year Treasury Bond ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TLT#NASDAQ">TLT</a>) tumbled 1.2%. </li>
<li>The U.S. Dollar Index, which is tracked by the&nbsp;Invesco DB USD Index Bullish Fund ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UUP#NYSE">UUP</a>), rose 0.7%.</li>
</ul>
<h3 class="wp-block-heading">Top Gainers Post-Jobs Report:</h3>
Using the Movers function on <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent100424&amp;t=be2bearmibe3na1">Benzinga Pro</a>, here are the top performers among U.S. mega-cap stocks in the 30 minutes following the release of the September jobs data.
<figure class="wp-block-table is-style-stripes"> 
<table>
<thead>
<tr>
<th>Company Name</th>
<th>Price</th>
<th>Change</th>
</tr>
</thead>
<tbody>
<tr>
<td>KLA Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KLAC#NASDAQ">KLAC</a>)</td>
<td>$799.25</td>
<td>+3.18%</td>
</tr>
<tr>
<td>Mitsubishi UFJ Financial Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MUFG#NYSE">MUFG</a>)</td>
<td>$10.18</td>
<td>+3.18%</td>
</tr>
<tr>
<td>Applied Materials Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMAT#NASDAQ">AMAT</a>)</td>
<td>$205.53</td>
<td>+2.10%</td>
</tr>
<tr>
<td>Lam Research Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LRCX#NASDAQ">LRCX</a>)</td>
<td>$83.60</td>
<td>+2.08%</td>
</tr>
<tr>
<td>Advanced Micro Devices Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>)</td>
<td>$166.90</td>
<td>+1.92%</td>
</tr>
<tr>
<td>ARM Holdings plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARM#NASDAQ">ARM</a>)</td>
<td>$142.44</td>
<td>+1.91%</td>
</tr>
<tr>
<td>Shopify Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHOP#NYSE">SHOP</a>)</td>
<td>$80.02</td>
<td>+1.67%</td>
</tr>
<tr>
<td>Broadcom Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>)</td>
<td>$175.66</td>
<td>+1.66%</td>
</tr>
<tr>
<td>Adobe Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADBE#NASDAQ">ADBE</a>)</td>
<td>$510.58</td>
<td>+1.59%</td>
</tr>
<tr>
<td>Bank of America Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>)</td>
<td>$39.96</td>
<td>+1.56%</td>
</tr>
<tr>
<td>Texas Instruments Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TXN#NASDAQ">TXN</a>)</td>
<td>$204.82</td>
<td>+1.56%</td>
</tr>
</tbody>
</table>
</figure>
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</ul>
Photo via Shutterstock.

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AMAT

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SPDR Dow Jones Industrial Average ETF Trust

KLAC

MUFG

SHOP

iShares PHLX SOX Semiconductor Sector Index Fund

SOXX

iShares Trust Barclays 20+ Year Treasury Bond Fund

PowerShares DB US Dollar Index Bullish Fund

S&P 500 Nears Record Highs On Hot Jobs Data: Dollar, Treasury Yields Surge As Aggressive Interest Rate Cut Hopes Fade

In the preceding three months, 13 analysts have released ratings for Lam Research (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LRCX#NASDAQ">LRCX</a>), presenting a wide array of perspectives from bullish to bearish.
The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">6</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">6</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
In the assessment of 12-month price targets, analysts unveil insights for Lam Research, presenting an average target of $1012.85, a high estimate of $1200.00, and a low estimate of $774.00. A negative shift in sentiment is evident as analysts have decreased the average price target by 6.44%. 
<img src="https://www.benzinga.com/files/images/story/2024/1727985673_0.png" alt="price target chart" />
<h2>Breaking Down Analyst Ratings: A Detailed Examination</h2>
The analysis of recent analyst actions sheds light on the perception of Lam Research by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Joseph Quatrochi</td>
<td>Wells Fargo</td>
<td>Lowers</td>
<td>Equal-Weight</td>
<td>$880.00</td>
<td>$1000.00</td>
</tr>
<tr>
<td>C J Muse</td>
<td>Cantor Fitzgerald</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$1000.00</td>
<td>$1200.00</td>
</tr>
<tr>
<td>Vijay Rakesh</td>
<td>Mizuho</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$950.00</td>
<td>$1050.00</td>
</tr>
<tr>
<td>Joseph Moore</td>
<td>Morgan Stanley</td>
<td>Lowers</td>
<td>Equal-Weight</td>
<td>$774.00</td>
<td>$929.00</td>
</tr>
<tr>
<td>Atif Malik</td>
<td>Citigroup</td>
<td>Lowers</td>
<td>Buy</td>
<td>$893.00</td>
<td>$990.00</td>
</tr>
<tr>
<td>Timothy Arcuri</td>
<td>UBS</td>
<td>Lowers</td>
<td>Buy</td>
<td>$1150.00</td>
<td>$1250.00</td>
</tr>
<tr>
<td>Atif Malik</td>
<td>Citigroup</td>
<td>Lowers</td>
<td>Buy</td>
<td>$990.00</td>
<td>$1025.00</td>
</tr>
<tr>
<td>Krish Sankar</td>
<td>TD Cowen</td>
<td>Raises</td>
<td>Buy</td>
<td>$1050.00</td>
<td>$1000.00</td>
</tr>
<tr>
<td>Sidney Ho</td>
<td>Deutsche Bank</td>
<td>Lowers</td>
<td>Buy</td>
<td>$950.00</td>
<td>$1100.00</td>
</tr>
<tr>
<td>C J Muse</td>
<td>Cantor Fitzgerald</td>
<td>Maintains</td>
<td>Neutral</td>
<td>$1200.00</td>
<td>$1200.00</td>
</tr>
<tr>
<td>Joseph Quatrochi</td>
<td>Wells Fargo</td>
<td>Lowers</td>
<td>Equal-Weight</td>
<td>$1000.00</td>
<td>$1100.00</td>
</tr>
<tr>
<td>Charles Shi</td>
<td>Needham</td>
<td>Maintains</td>
<td>Buy</td>
<td>$1130.00</td>
<td>$1130.00</td>
</tr>
<tr>
<td>C J Muse</td>
<td>Cantor Fitzgerald</td>
<td>Raises</td>
<td>Neutral</td>
<td>$1200.00</td>
<td>$1100.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Lam Research. This offers insight into analysts' perspectives on the current state of the company.</li>
<li>Rating: Gaining insights, analysts provide qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Lam Research compared to the broader market.</li>
<li>Price Targets: Analysts gauge the dynamics of price targets, providing estimates for the future value of Lam Research's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of Lam Research's market position. Stay informed and make data-driven decisions with the assistance of our Ratings Table.
<a href="https://www.benzinga.com/quote/LRCX/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Lam Research analyst ratings.</a>
<h2>Delving into Lam Research's Background</h2>
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.
<h3>Breaking Down Lam Research's Financial Performance</h3>
Market Capitalization Analysis: Positioned below industry benchmarks, the company's market capitalization faces constraints in size. This could be influenced by factors such as growth expectations or operational capacity.
Revenue Growth: Over the 3 months period, Lam Research showcased positive performance, achieving a revenue growth rate of 20.71% as of 30 June, 2024. This reflects a substantial increase in the company's top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Information Technology sector.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 26.35%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): Lam Research's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of 12.32%, the company showcases efficient use of equity capital and strong financial health.
Return on Assets (ROA): Lam Research's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 5.51% ROA, the company effectively utilizes its assets for optimal returns.
Debt Management: The company faces challenges in debt management with a debt-to-equity ratio higher than the industry average. With a ratio of 0.58, caution is advised due to increased financial risk.
<h2>What Are Analyst Ratings?</h2>
Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.
Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.
Which Stocks Are Analysts Recommending Now?
Benzinga Edge gives you instant access to all major analyst upgrades, downgrades, and price targets. Sort by accuracy, upside potential, and more. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=be8be9arja3be22bz21&amp;utm_source=benzinga-insights">Click here to stay ahead of the market</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Analyst Ratings

Analyst Scoreboard: 13 Ratings For Lam Research

Wells Fargo analyst Joseph Quatrochi maintains Lam Research (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LRCX#NASDAQ">LRCX</a>) with a Equal-Weight and lowers the price target from $1000 to $880.

Price Target

Wells Fargo Maintains Equal-Weight on Lam Research, Lowers Price Target to $880

WIIM

MPWR

Shares of semiconductor stocks are trading higher. The sector may be rebounding after falling amid a broader market dip on Tuesday.

ACMR

ALGM

INTC

MCHP

MTSI

NXPI

QCOM

SELX

SITM

SWKS

WOLF

Shares of companies in the broader semiconductor and chip sector are trading lower amid overall market weakness after Iran launched a missile attack on Israel.

Lam Research (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LRCX#NASDAQ">LRCX</a>) has outperformed the market over the past 20 years by 11.26% on an annualized basis producing an average annual return of 19.68%. Currently, Lam Research has a market capitalization of $105.78 billion. 
Buying $100 In LRCX: If an investor had bought $100 of LRCX stock 20 years ago, it would be worth $3,556.23 today based on a price of $816.15 for LRCX at the time of writing.
<h3>Lam Research's Performance Over Last 20 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727710214_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Trading Ideas

Here's How Much You Would Have Made Owning Lam Research Stock In The Last 20 Years

Cantor Fitzgerald analyst C J Muse maintains Lam Research (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LRCX#NASDAQ">LRCX</a>) with a Neutral and lowers the price target from $1200 to $1000.

Cantor Fitzgerald Maintains Neutral on Lam Research, Lowers Price Target to $1000

Shares of companies in the broader semiconductor space are trading lower. The sector may be pulling back after rising Thursday on strong earnings from Micron.

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Shares of semiconductor and chip stocks are trading higher following strong earnings from Micron.

Several chip stocks are moving higher after the market close on Wednesday alongside Micron Technology Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>), which jumped after the company reported <a href="https://www.benzinga.com/news/earnings/24/09/41034733/micron-q4-earnings-revenue-eps-beat-on-robust-ai-demand-company-sees-significantly-improved-profita">strong quarterly results</a>.
What Happened With MU: Micron beat analyst estimates on the top and bottom lines, reporting revenue of $7.75 billion versus <a href="https://www.benzinga.com/calendars/earnings" target="_blank" rel="noreferrer noopener">estimates</a>&nbsp;of $7.635 billion, and earnings of $1.18 per share versus estimates of $1.13 per share.
Micron said its 93% revenue growth in the quarter was driven by robust <a href="http://benzinga.com/topic/ai">AI</a> demand, which was the main driver of chip stock appreciation in recent years.
The memory-chip giant also guided for &#8220;significantly improved profitability&#8221; in fiscal 2025, which appears to be sparking the surge in shares. Micron stock was up 13.2% at $108.37 at the time of writing, according to <a href="http://pro.benzinga.com">Benzinga Pro</a>.
Don&#8217;t Miss: <a href="https://www.benzinga.com/news/earnings/24/09/41034733/micron-q4-earnings-revenue-eps-beat-on-robust-ai-demand-company-sees-significantly-improved-profita">Micron Q4 Earnings: Revenue, EPS Beat On &#8216;Robust AI Demand,&#8217; Company Sees &#8216;Significantly Improved&#8217; Profitability Ahead, Shares Surge</a>
Why It Matters: Micron focuses on making memory chips. Other big players in the semiconductor memory market like Western Digital Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDC#NASDAQ">WDC</a>) and Lam Research Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LRCX#NASDAQ">LRCX</a>) are seeing the biggest gains after the bell, with both up more than 4% in after-hours trading at the time of writing, per <a href="http://pro.benzinga.com">Benzinga Pro</a>.
Other chipmakers making moves after the bell include NVIDIA Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), Advanced Micro Devices Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), Marvell Technology Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>), Taiwan Semiconductor Manufacturing Company Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) and Arm Holdings Plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARM#NASDAQ">ARM</a>). Several chip stocks were up roughly 1% after hours at last check.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/top-stories/24/09/41033617/voo-vs-vti-vanguards-s-p-500-total-stock-market-etfs-hit-new-highs-as-s-p-500-reaches-record-level">VOO Vs. VTI: Vanguard&#8217;s S&amp;P 500, Total Stock Market ETFs Hit New Highs As S&amp;P 500 Reaches Record Level</a></li>
</ul>
Photo: Courtesy of Arm Holdings.

Western Digital, Nvidia, Other Chip Stocks Are Rising Wednesday: What's Behind The Move?

LEDS

Majorie Taylor Greene disclosed new stock transactions this week, which come as public efforts to ban members of Congress from trading continue to grow over <a href="https://www.benzinga.com/general/politics/24/05/39096827/exclusive-khanna-says-shameful-congress-members-profited-from-stocks-calls-for-trading-ban-makin">potential conflicts of interest.</a>
Here are the latest trades by the Republican House member from Georgia.
 What Happened: Greene has increased her frequency of trading disclosures <a href="https://www.benzinga.com/markets/equities/24/05/38611874/marjorie-taylor-greene-reveals-new-stock-trades-after-2-year-gap-berkshire-hathway-goldman-sachs">in recent months</a> with several large batches of stock purchases announced recently after a two-year hiatus of disclosures.
On Sept. 23, Greene disclosed her latest transactions, as reported by<a href="https://www.benzinga.com/gov-trades/members/marjorie-taylor-greene"> Benzinga's Government Trades page.</a>
Here are the stocks Greene bought, with each one disclosed as a value of $1,000 to $15,000:
<ul>
<li>Alphabet Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>)</li>
<li>Berkshire Hathaway B (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>)</li>
<li>Blackstone Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BX#NYSE">BX</a>)</li>
<li>Cardinal Health (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAH#NYSE">CAH</a>)</li>
<li>CrowdStrike Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWD#NASDAQ">CRWD</a>)</li>
<li>Intel Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>)</li>
<li>Lam Research Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LRCX#NASDAQ">LRCX</a>)</li>
<li>Microsoft Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>)</li>
<li>Southern Copper Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SCCO#NASDAQ">SCCO</a>)</li>
<li>United Parcel Services, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UPS#NYSE">UPS</a>)</li>
</ul>
Several of these purchases add to recent stakes taken by the representative, including shares of Berkshire Hathaway, Microsoft and CrowdStrike.
The disclosure by Greene did not report any sale transactions, which means the congresswoman continues to hold her Trump Media &amp; Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DJT#NASDAQ">DJT</a>) shares <a href="https://www.benzinga.com/general/social-media/24/08/40475137/djt-stock-hits-new-lows-since-trump-media-companys-public-debut-heres-how-much-marjorie-tayl">bought in October 2021.</a>
Did You Know?
<ul>
<li>Congress Is Making Huge Investments. <a href="https://www.benzinga.com/gov-trades/?utm_source=BZprocontent092524">Get Tips On What They Bought And Sold Ahead Of The 2024 Election With Our Easy-to-Use Tool</a></li>
</ul>
Why It's Important: Greene disclosed buying Digital World Acquisition shares back in October 2021, the SPAC that took Donald Trump's media company public in March 2024.
The transaction was done with shares trading between $67.96 to $118.80. A tweet from UnusualWhales pins the purchase price at $94.20, meaning Greene is down significantly on her $15,000 to $50,000 purchase in the Trump-linked stock. Shares of DJT trade at $13.63 at the time of writing.
Greene buying CrowdStrike shares continues to be an area to watch as <a href="https://www.benzinga.com/general/politics/24/07/39585140/marjorie-taylor-greene-buys-cybersecurity-stock-owned-by-nancy-pelosi-why-trade-could-draw-red-f">Benzinga previously reported</a> the representative sits on the Subcommittee on Cybersecurity, Information Technology and Government Innovation, which operates under the House Committee on Oversight and Accountability.
With the latest stock transactions, Greene has increased her holdings in technology stocks along with placing bets on Warren Buffett to continue powering Berkshire Hathaway along after the stock hit a $1 trillion market capitalization.
Not many can say that their investing portfolios are betting on Donald Trump and Warren Buffett, but Greene can.
Check This Out:
<ul>
<li>Lawmakers Made Huge Investments This Year. <a href="https://www.benzinga.com/gov-trades/?utm_source=BZprocontent092524">Get Tips On What They Bought And Sold Ahead Of The 2024 Election With Our Easy-to-Use Tool</a></li>
</ul>
Photo: Shutterstock

Politics

CRWD

GOOG

MSFT

SCCO

Marjorie Taylor Greene Stays Loyal To Trump, Keeps DJT Stock, Buys Into Warren Buffett's Berkshire In Latest Trades

Whales with a lot of money to spend have taken a noticeably bullish stance on Lam Research.
Looking at options history for Lam Research (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LRCX#NASDAQ">LRCX</a>) we detected 14 trades.
If we consider the specifics of each trade, it is accurate to state that 57% of the investors opened trades with bullish expectations and 28% with bearish.
From the overall spotted trades, 7 are puts, for a total amount of $360,930 and 7, calls, for a total amount of $293,294.
<h3>What's The Price Target?</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $540.0 and $850.0 for Lam Research, spanning the last three months.
<h3>Volume &amp; Open Interest Development</h3>
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Lam Research's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Lam Research's whale trades within a strike price range from $540.0 to $850.0 in the last 30 days. 
<h3>Lam Research Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727198166_0.png" alt="Options Call Chart" />
<h3>Largest Options Trades Observed:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th style="text-align: right;">Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>LRCX</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$76.0</td>
<td>$74.95</td>
<td>$76.0</td>
<td>$820.00</td>
<td>$152.0K</td>
<td style="text-align: right;">232</td>
<td style="text-align: right;">20</td>
</tr>
<tr>
<td>LRCX</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$172.25</td>
<td>$169.8</td>
<td>$172.25</td>
<td>$760.00</td>
<td>$86.1K</td>
<td style="text-align: right;">19</td>
<td style="text-align: right;">6</td>
</tr>
<tr>
<td>LRCX</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/15/27</td>
<td>$63.05</td>
<td>$60.1</td>
<td>$60.1</td>
<td>$540.00</td>
<td>$60.1K</td>
<td style="text-align: right;">10</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>LRCX</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>10/04/24</td>
<td>$5.05</td>
<td>$1.5</td>
<td>$5.05</td>
<td>$850.00</td>
<td>$50.5K</td>
<td style="text-align: right;">837</td>
<td style="text-align: right;">100</td>
</tr>
<tr>
<td>LRCX</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$95.3</td>
<td>$94.0</td>
<td>$94.0</td>
<td>$760.00</td>
<td>$47.0K</td>
<td style="text-align: right;">106</td>
<td style="text-align: right;">5</td>
</tr>
</tbody>
</table>

<h3>About Lam Research</h3>
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.
In light of the recent options history for Lam Research, it's now appropriate to focus on the company itself. We aim to explore its current performance.
<h3>Lam Research's Current Market Status</h3>
<ul>
<li>Trading volume stands at 427,877, with LRCX's price up by 1.1%, positioned at $792.74.</li>
<li>RSI indicators show the stock to be is currently neutral between overbought and oversold.</li>
<li>Earnings announcement expected in 22 days.</li>
</ul>
<h3>What The Experts Say On Lam Research</h3>
Over the past month, 4 industry analysts have shared their insights on this stock, proposing an average target price of $941.75.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; An analyst from Morgan Stanley has decided to maintain their Equal-Weight rating on Lam Research, which currently sits at a price target of $774. 
&#x2A; Consistent in their evaluation, an analyst from Citigroup keeps a Buy rating on Lam Research with a target price of $893. 
&#x2A; Maintaining their stance, an analyst from UBS continues to hold a Buy rating for Lam Research, targeting a price of $1150. 
&#x2A; An analyst from Mizuho has decided to maintain their Outperform rating on Lam Research, which currently sits at a price target of $950. 
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Lam Research, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

Options

Check Out What Whales Are Doing With LRCX

Mizuho analyst Vijay Rakesh maintains Lam Research (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LRCX#NASDAQ">LRCX</a>) with a Outperform and lowers the price target from $1050 to $950.

Mizuho Maintains Outperform on Lam Research, Lowers Price Target to $950

ENTG

FORM

OLED

Shares of semiconductor and chip stocks are trading higher following Wednesday's rate cut, which has lifted growth stocks and rate-sensitive sectors such as tech.

China&#8217;s&nbsp;Yangtze Memory Technologies Co accomplished some breakthroughs in substituting ASML Holding NV&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASML#NASDAQ">ASML</a>) and&nbsp;Lam Research Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LRCX#NASDAQ">LRCX</a>) chipmaking technology with domestic alternatives as U.S. sanctions take a toll on China&#8217;s artificial intelligence ambitions, Bloomberg <a href="https://www.bloomberg.com/news/articles/2024-09-18/ymtc-advances-chip-tech-with-chinese-tools-techinsights-says?srnd=phx-technology&amp;sref=TBDibEcD" target="_blank" rel="noreferrer noopener">cites</a>&nbsp;TechInsights.
TechInsights analyst David Wei told Bloomberg in an interview that the memory maker leveraged gear from Advanced Micro-Fabrication Equipment Inc. China, Naura Technology Group and Piotech.
Geopolitical tensions have affected companies like YMTC and Huawei Technologies, as the U.S. restricted China&#8217;s access to advanced artificial intelligence chips and chipmaking machinery.
Though YMTC upgraded its &#8220;Xtacking&#8221; tech to help its NAND chip performance be at par with industry leaders Samsung Electronics Co (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SSNLF#OTC">SSNLF</a>), Bloomberg cited from a research note. Still, the absence of advanced technologies from companies such as ASML and NVIDIA Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) continued to bite chipmakers like YMTC in the form of a lower production yield.
Chinese hyperscalers such as Alibaba Group Holding Ltd &#8211; ADR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) voiced how the U.S. semiconductor embargo affected<a href="https://www.benzinga.com/news/24/08/40550305/nvidia-tech-fuels-chinese-ai-growth-overseas-alibaba-ramps-up-7b-investment" target="_blank" rel="noreferrer noopener"> AI ambitions</a>.
Meanwhile, the U.S. was in no mood to soften its stance against China as it <a href="https://www.benzinga.com/news/24/09/40891335/nvidia-supplier-asml-among-firms-that-face-potential-new-export-restrictions-as-us-japan-move-to-lim" target="_blank" rel="noreferrer noopener">collaborated with Japan</a> to limit the export of chip technology to China.
Reports also indicated Nvidia AI chips <a href="https://www.benzinga.com/government/24/07/39616102/despite-restrictions-nvidia-chips-are-still-reaching-china-wsj" target="_blank" rel="noreferrer noopener">were making their way into</a> China via smuggling and other channels.
Photo: Shutterstock

China's YMTC Makes Strides in Chip Production; Substitutes ASML, Lam Research Tech As US Sanctions Bite: Report

In the last three months, 11 analysts have published ratings on Lam Research (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LRCX#NASDAQ">LRCX</a>), offering a diverse range of perspectives from bullish to bearish.
The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">7</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Insights from analysts' 12-month price targets are revealed, presenting an average target of $1060.18, a high estimate of $1325.00, and a low estimate of $774.00. A decline of 2.44% from the prior average price target is evident in the current average. 
<img src="https://www.benzinga.com/files/images/story/2024/1726581614_0.png" alt="price target chart" />
<h2>Investigating Analyst Ratings: An Elaborate Study</h2>
The standing of Lam Research among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Joseph Moore</td>
<td>Morgan Stanley</td>
<td>Lowers</td>
<td>Equal-Weight</td>
<td>$774.00</td>
<td>$929.00</td>
</tr>
<tr>
<td>Atif Malik</td>
<td>Citigroup</td>
<td>Lowers</td>
<td>Buy</td>
<td>$893.00</td>
<td>$990.00</td>
</tr>
<tr>
<td>Timothy Arcuri</td>
<td>UBS</td>
<td>Lowers</td>
<td>Buy</td>
<td>$1150.00</td>
<td>$1250.00</td>
</tr>
<tr>
<td>Atif Malik</td>
<td>Citigroup</td>
<td>Lowers</td>
<td>Buy</td>
<td>$990.00</td>
<td>$1025.00</td>
</tr>
<tr>
<td>Krish Sankar</td>
<td>TD Cowen</td>
<td>Raises</td>
<td>Buy</td>
<td>$1050.00</td>
<td>$1000.00</td>
</tr>
<tr>
<td>Sidney Ho</td>
<td>Deutsche Bank</td>
<td>Lowers</td>
<td>Buy</td>
<td>$950.00</td>
<td>$1100.00</td>
</tr>
<tr>
<td>C J Muse</td>
<td>Cantor Fitzgerald</td>
<td>Maintains</td>
<td>Neutral</td>
<td>$1200.00</td>
<td>$1200.00</td>
</tr>
<tr>
<td>Joseph Quatrochi</td>
<td>Wells Fargo</td>
<td>Lowers</td>
<td>Equal-Weight</td>
<td>$1000.00</td>
<td>$1100.00</td>
</tr>
<tr>
<td>Charles Shi</td>
<td>Needham</td>
<td>Maintains</td>
<td>Buy</td>
<td>$1130.00</td>
<td>$1130.00</td>
</tr>
<tr>
<td>C J Muse</td>
<td>Cantor Fitzgerald</td>
<td>Raises</td>
<td>Neutral</td>
<td>$1200.00</td>
<td>$1100.00</td>
</tr>
<tr>
<td>Craig Ellis</td>
<td>B. Riley Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$1325.00</td>
<td>$1130.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Lam Research. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Offering a comprehensive view, analysts assess stocks qualitatively, spanning from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Lam Research compared to the broader market.</li>
<li>Price Targets: Analysts provide insights into price targets, offering estimates for the future value of Lam Research's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Capture valuable insights into Lam Research's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/LRCX/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Lam Research analyst ratings.</a>
<h2>Unveiling the Story Behind Lam Research</h2>
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.
<h3>Unraveling the Financial Story of Lam Research</h3>
Market Capitalization: Surpassing industry standards, the company's market capitalization asserts its dominance in terms of size, suggesting a robust market position.
Positive Revenue Trend: Examining Lam Research's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 20.71% as of 30 June, 2024, showcasing a substantial increase in top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Information Technology sector.
Net Margin: Lam Research's net margin excels beyond industry benchmarks, reaching 26.35%. This signifies efficient cost management and strong financial health.
Return on Equity (ROE): The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of 12.32%, the company showcases effective utilization of equity capital.
Return on Assets (ROA): Lam Research's ROA excels beyond industry benchmarks, reaching 5.51%. This signifies efficient management of assets and strong financial health.
Debt Management: Lam Research's debt-to-equity ratio is notably higher than the industry average. With a ratio of 0.58, the company relies more heavily on borrowed funds, indicating a higher level of financial risk.
<h2>The Basics of Analyst Ratings</h2>
Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter. 
Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Decoding 11 Analyst Evaluations For Lam Research

Morgan Stanley analyst Joseph Moore maintains Lam Research (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LRCX#NASDAQ">LRCX</a>) with a Equal-Weight and lowers the price target from $929 to $774.

Morgan Stanley Maintains Equal-Weight on Lam Research, Lowers Price Target to $774

Financial giants have made a conspicuous bullish move on Lam Research. Our analysis of options history for Lam Research (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LRCX#NASDAQ">LRCX</a>) revealed 21 unusual trades.
Delving into the details, we found 61% of traders were bullish, while 14% showed bearish tendencies. Out of all the trades we spotted, 9 were puts, with a value of $545,865, and 12 were calls, valued at $1,045,878.
<h3>Predicted Price Range</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $365.0 and $1240.0 for Lam Research, spanning the last three months.
<h3>Volume &amp; Open Interest Development</h3>
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Lam Research's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Lam Research's whale trades within a strike price range from $365.0 to $1240.0 in the last 30 days. 
<h3>Lam Research 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1726508741_0.png" alt="Options Call Chart" />
<h3>Biggest Options Spotted:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th style="text-align: right;">Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>LRCX</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>10/04/24</td>
<td>$61.0</td>
<td>$59.0</td>
<td>$61.0</td>
<td>$700.00</td>
<td>$305.0K</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">50</td>
</tr>
<tr>
<td>LRCX</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/04/24</td>
<td>$61.2</td>
<td>$59.75</td>
<td>$61.2</td>
<td>$700.00</td>
<td>$177.4K</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">71</td>
</tr>
<tr>
<td>LRCX</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/04/24</td>
<td>$61.0</td>
<td>$58.05</td>
<td>$61.0</td>
<td>$700.00</td>
<td>$128.1K</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">50</td>
</tr>
<tr>
<td>LRCX</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/11/24</td>
<td>$60.1</td>
<td>$55.7</td>
<td>$57.49</td>
<td>$790.00</td>
<td>$111.7K</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">20</td>
</tr>
<tr>
<td>LRCX</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>09/19/25</td>
<td>$118.5</td>
<td>$113.9</td>
<td>$116.25</td>
<td>$750.00</td>
<td>$81.3K</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">7</td>
</tr>
</tbody>
</table>

<h3>About Lam Research</h3>
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.
Following our analysis of the options activities associated with Lam Research, we pivot to a closer look at the company's own performance.
<h3>Lam Research's Current Market Status</h3>
<ul>
<li>With a trading volume of 559,742, the price of LRCX is down by -2.32%, reaching $751.89.</li>
<li>Current RSI values indicate that the stock is may be approaching oversold.</li>
<li>Next earnings report is scheduled for 30 days from now.</li>
</ul>
<h3>What The Experts Say On Lam Research</h3>
In the last month, 2 experts released ratings on this stock with an average target price of $1021.5.
<ul>
<li>An analyst from UBS has decided to maintain their Buy rating on Lam Research, which currently sits at a price target of $1150. </li>
<li>An analyst from Citigroup persists with their Buy rating on Lam Research, maintaining a target price of $893. </li>
</ul>
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Lam Research options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

Lam Research's Options Frenzy: What You Need to Know

Citigroup analyst Atif Malik maintains Lam Research (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LRCX#NASDAQ">LRCX</a>) with a Buy and lowers the price target from $990 to $893.

Citigroup Maintains Buy on Lam Research, Lowers Price Target to $893

Top movers as S&P 500 clocks another quarter of growth

Top movers as S&P 500 clocks another quarter of record growth

Bernstein analyst Stacy Rasgon maintained a Hold rating on Lam Research (LRCX – Research Report) today and set a price target of $950.00. The compa...

Bernstein Sticks to Its Hold Rating for Lam Research (LRCX)

SMCI, CRWD among top S&P 500 Information Technology losers in Q3

The semiconductor market is thriving due to high demand from industries like consumer electronics and medical applications, government support, increased R&D funding, and innovations in chip design, driving significant growth. Amid this backdrop, it could be wise to watch strong semiconductor equipment stocks: Lam Research (LRCX) and Applied Materials (AMAT). Read on... Semiconductor production is rapidly scaling due to the high demand for advanced technologies and innovations in chip design, containing billions of transistors. Factors like a talent shortage, government support through the CHIPS Act, global market access, and increased R&amp;D funding enhance the sector's growth, making it a promising investment opportunity now.
In this dynamic environment, it could be wise to keep an eye on strong semiconductor equipment stocks. Lam Research Corporation (<a href="https://stocknews.com/stock/LRCX/">LRCX</a>) and Applied Materials, Inc. (<a href="https://stocknews.com/stock/AMAT/">AMAT</a>) stand out as essential suppliers for the industry.
The semiconductor sector is experiencing strong sales, driven by increasing demand in key industries like consumer electronics, transportation, medical applications, embedded systems, and industrial automation. As these sectors grow, their reliance on advanced chips intensifies. Hence, Statista predicts that the semiconductor market will reach $607.40 billion in revenue this year, with a <a href="https://www.statista.com/outlook/tmo/semiconductors/worldwide">10.1% CAGR</a>.
The future of semiconductor demand looks bright, driven by ongoing needs for advanced logic and memory applications, which will enhance production scaling. In 2024, global sales of semiconductor manufacturing equipment are expected to reach $109 billion, a <a href="https://www.trendforce.com/news/2024/07/11/news-global-chip-equipment-sales-in-2024-expected-to-hit-record-high-even-higher-next-year/">3.4% increase from 2023</a>. This growth is set to continue into 2025, with projections rising to $128 billion, indicating strong market momentum.
On top of it, investors' interest in chip stocks is evident from the VanEck Semiconductor ETF's (<a href="https://stocknews.com/stock/SMH/">SMH</a>) 66.9% returns over the past year. Considering these conducive trends, let's analyze the fundamental aspects of the two <a href="https://stocknews.com/category/semiconductor-wireless-chip/">Semiconductor &amp; Wireless Chip</a> picks, beginning with the second choice.
Stock #2: Lam Research Corporation (<a href="https://stocknews.com/stock/LRCX/">LRCX</a>)
LRCX designs, manufactures, markets, refurbishes, and services semiconductor processing equipment used in the fabrication of integrated circuits. The company offers ALTUS systems, SABRE electrochemical deposition products, and VECTOR plasma-enhanced CVD products.
On July 31, 2024, LRCX introduced Lam Cryo 3.0, its advanced cryogenic etch technology to accelerate 3D NAND scaling for AI applications. This innovation addresses manufacturing challenges, enabling the production of 1,000-layer 3D NAND with high precision and reduced environmental impact.
In terms of the trailing-12-month EBIT margin, LRCX's 29.02% is 493.4% higher than the 4.85% industry average. Likewise, its 19.83% trailing-12-month Return on Total Capital is 613.1% higher than the 2.78% industry average. Additionally, its 22.52% trailing-12-month <a href="https://www.investopedia.com/terms/l/levered-free-cash-flow.asp">levered FCF</a> margin is 119.5% higher than the 10.26% industry average.
LRCX's revenue grew at a CAGR of 9.1% over the past five years. Also, its levered FCF grew at a CAGR of 14% over the past three years.
LRCX's non-GAAP revenue for the fourth quarter, which ended on June 30, 2024, increased 20.7% year-over-year to $3.87 billion, and its adjusted operating income grew 35.6% from the year-ago value to $1.19 billion. For the same quarter, the company's non-GAAP net income amounted to $1.07 billion, or $8.14 per share, up 32.8% and 36.1% year-over-year, respectively.
Street expects LRCX's EPS and revenue for the quarter ended September 30, 2024, to increase 17.8% and 16.5% year-over-year to $8.07 and $4.06 billion, respectively. It surpassed the Street EPS and revenue estimates in each of the trailing four quarters. Over the past year, the stock has gained 31.2% to close the last trading session at $822.13.
LRCX's promising outlook is reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. The POWR Ratings assess stocks by 118 different factors, each with its own weighting.
It has a B grade for Quality. It is ranked #31 out of 91 stocks in the <a href="https://stocknews.com/category/semiconductor-wireless-chip/">Semiconductor &amp; Wireless Chip</a> industry. Beyond what we stated above, we also have given LRCX grades for Growth, Value, Momentum, Stability, and Sentiment. Get all the LRCX's ratings <a href="https://stocknews.com/stock/LRCX/">here</a>.
Stock #1: Applied Materials, Inc. (<a href="https://stocknews.com/stock/AMAT/">AMAT</a>)
AMAT provides manufacturing equipment, services, and software to the semiconductor, display, and related industries. It operates through three segments: Semiconductor Systems; Applied Global Services, and Display and Adjacent Markets.
In terms of the trailing-12-month EBITDA margin, AMAT's 30.55% is 205.6% higher than the 10% industry average. Its 16.37% trailing-12-month levered FCF margin is 59.5% higher than the 10.26% industry average. Similarly, its 22.14% trailing-12-month Return on Total Assets is 997.8% higher than the 2.02% industry average.
AMAT's EPS grew at a CAGR of 15.7% over the past three years. Likewise, its Tang Book Value grew at a CAGR of 20.6% during the same period.
During the third quarter ended July 28, 2024, AMAT's net revenue increased 5.5% year-over-year to $6.78 billion. The company's non-GAAP gross profit rose 7.6% year-over-year to $3.21 billion. Furthermore, the company's non-GAAP net income and EPS came in at $1.77 billion and $2.12, up 10.4% and 11.6% from the prior year's quarter, respectively.
Analysts expect AMAT's EPS for the quarter ending October 31, 2024, to increase 3.3% year-over-year to $2.19, and its revenue for the same quarter is expected to rise 3.6% year-over-year to $6.96 billion. It surpassed the consensus EPS and revenue estimates in each of the trailing four quarters. Over the past year, the stock has gained 47% to close the last trading session at $203.50.
AMAT's bright prospects are reflected in its POWR Ratings. It has a B grade for Quality. Within the Semiconductor &amp; Wireless Chip industry, it is ranked #30. To see AMAT's Growth, Value, Momentum, Stability, and Sentiment ratings, <a href="https://stocknews.com/stock/AMAT/">click here</a>.
What To Do Next?
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<hr />
AMAT shares were trading at $203.58 per share on Wednesday afternoon, up $6.38 (+3.24%). Year-to-date, AMAT has gained 26.30%, versus a 20.86% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Abhishek Bhuyan</h2> <img src='https:/wp-content/uploads/2023/07/ABhuyan.jpg' style="float:left; padding:5px;width:125px;">Abhishek embarked on his professional journey as a financial journalist due to his keen interest in discerning the fundamental factors that influence the future performance of financial instruments.<a href="https://stocknews.com/authors/?author=abhishek-bhuyan">More...</a>The post <a href=https://stocknews.com/news/amat-lrcx-2-semiconductor-equipment-stocks-to-watch-for-chip-growth/>2 Semiconductor Equipment Stocks to Watch for Chip Growth</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

2 Semiconductor Equipment Stocks to Watch for Chip Growth

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In a report released today, Joseph Moore from Morgan Stanley maintained a Hold rating on Lam Research (LRCX – Research Report), with a price target...

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Press Releases

Lam Research Highlights its Progress to Create a Better World Through Semiconductor Innovation in 2023 ESG Report

Lam Research Corporation Announces June 2024 Quarter Financial Conference Call

Lam Research Appoints Ava Harter as Chief Legal Officer

Lam Research Corporation Reports Financial Results for the Quarter Ended June 30, 2024

Lam Research Introduces Lam Cryo™ 3.0 Cryogenic Etch Technology to Accelerate Scaling of 3D NAND for the AI Era

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Lam Research Corporation Announces a 15% Increase in Quarterly Dividend

Lam Research Appoints Ita Brennan and Mark Fields to Board of Directors

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Lam Research Corporation Announces September Quarter Financial Conference Call

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