In the preceding three months, 21 analysts have released ratings for Lam Research LRCX, 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.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 9 | 2 | 10 | 0 | 0 |
| Last 30D | 1 | 0 | 0 | 0 | 0 |
| 1M Ago | 1 | 1 | 2 | 0 | 0 |
| 2M Ago | 1 | 0 | 3 | 0 | 0 |
| 3M Ago | 6 | 1 | 5 | 0 | 0 |
Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $955.19, a high estimate of $1200.00, and a low estimate of $825.00. Marking an increase of 15.58%, the current average surpasses the previous average price target of $826.43.
Interpreting Analyst Ratings: A Closer Look
A clear picture of Lam Research's perception among financial experts is painted with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Charles Shi | Needham | Raises | Buy | $1030.00 | $900.00 |
| Brian Chin | Stifel | Raises | Buy | $1050.00 | $950.00 |
| Mark Lipacis | Evercore ISI Group | Announces | Outperform | $1200.00 | - |
| C J Muse | Cantor Fitzgerald | Raises | Neutral | $1100.00 | $900.00 |
| Joseph Quatrochi | Wells Fargo | Raises | Equal-Weight | $980.00 | $930.00 |
| C J Muse | Cantor Fitzgerald | Maintains | Neutral | $900.00 | - |
| Timothy Arcuri | UBS | Raises | Buy | $1130.00 | $885.00 |
| C J Muse | Cantor Fitzgerald | Maintains | Neutral | $900.00 | - |
| C J Muse | Cantor Fitzgerald | Maintains | Neutral | $900.00 | - |
| C J Muse | Cantor Fitzgerald | Maintains | Neutral | $900.00 | - |
| C J Muse | Cantor Fitzgerald | Maintains | Neutral | $900.00 | - |
| Mehdi Hosseini | Susquehanna | Raises | Neutral | $880.00 | $655.00 |
| Toshiya Hari | Goldman Sachs | Raises | Buy | $912.00 | $700.00 |
| Atif Malik | Citigroup | Raises | Buy | $975.00 | $800.00 |
| Vijay Rakesh | Mizuho | Raises | Buy | $935.00 | $900.00 |
| Brian Chin | Stifel | Raises | Buy | $950.00 | $850.00 |
| Toshiya Hari | Goldman Sachs | Raises | Buy | $912.00 | $700.00 |
| Srini Pajjuri | Raymond James | Raises | Outperform | $950.00 | $850.00 |
| Raimo Lenschow | Barclays | Raises | Equal-Weight | $825.00 | $750.00 |
| Charles Shi | Needham | Raises | Buy | $900.00 | $800.00 |
| C J Muse | Cantor Fitzgerald | Announces | Neutral | $830.00 | - |
Key Insights:
- 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.
- Rating: Analysts unravel qualitative evaluations for stocks, ranging from 'Outperform' to 'Underperform'. These ratings offer insights into expectations for the relative performance of Lam Research compared to the broader market.
- Price Targets: Analysts set price targets as an estimate of a stock's future value. Comparing the current and prior price targets provides insight into how analysts' expectations have changed over time. This information can be valuable for investors seeking to understand consensus views on the stock's potential future performance.
Navigating through these analyst evaluations alongside other financial indicators can contribute to a holistic understanding of Lam Research's market standing. Stay informed and make data-driven decisions with our Ratings Table.
Stay up to date on Lam Research analyst ratings.
Unveiling the Story Behind 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.
Lam Research: Financial Performance Dissected
Market Capitalization Analysis: With a profound presence, the company's market capitalization is above industry averages. This reflects substantial size and strong market recognition.
Revenue Growth: Lam Research's revenue growth over a period of 3 months has faced challenges. As of 31 December, 2023, the company experienced a revenue decline of approximately -28.79%. This indicates a decrease in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Information Technology sector.
Net Margin: Lam Research's net margin excels beyond industry benchmarks, reaching 25.39%. This signifies efficient cost management and strong financial health.
Return on Equity (ROE): Lam Research's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of 11.73%, the company showcases efficient use of equity capital and strong financial health.
Return on Assets (ROA): Lam Research's financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of 5.11%, the company showcases efficient use 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 0.61, the company relies more heavily on borrowed funds, indicating a higher level of financial risk.
Analyst Ratings: What Are They?
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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