In the last three months, 10 analysts have published ratings on Lam Research LRCX, offering a diverse range 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 | 2 | 2 | 6 | 0 | 0 |
| Last 30D | 1 | 0 | 1 | 0 | 0 |
| 1M Ago | 1 | 2 | 2 | 0 | 0 |
| 2M Ago | 0 | 0 | 2 | 0 | 0 |
| 3M Ago | 0 | 0 | 1 | 0 | 0 |
The 12-month price targets, analyzed by analysts, offer insights with an average target of $84.8, a high estimate of $95.00, and a low estimate of $75.00. Experiencing a 4.4% decline, the current average is now lower than the previous average price target of $88.70.
Breaking Down Analyst Ratings: A Detailed Examination
In examining recent analyst actions, we gain insights into how financial experts perceive Lam Research. The following summary 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 |
|---|---|---|---|---|---|
| Joseph Quatrochi | Wells Fargo | Raises | Equal-Weight | $85.00 | $82.00 |
| Charles Shi | Needham | Maintains | Buy | $90.00 | $90.00 |
| Steve Barger | Keybanc | Maintains | Overweight | $95.00 | $95.00 |
| Tom O'Malley | Barclays | Lowers | Equal-Weight | $75.00 | $90.00 |
| Joseph Quatrochi | Wells Fargo | Lowers | Equal-Weight | $82.00 | $83.00 |
| Vijay Rakesh | Mizuho | Lowers | Outperform | $90.00 | $95.00 |
| Toshiya Hari | Goldman Sachs | Lowers | Buy | $85.00 | $96.00 |
| Joseph Quatrochi | Wells Fargo | Lowers | Equal-Weight | $83.00 | $85.00 |
| Joseph Moore | Morgan Stanley | Raises | Equal-Weight | $78.00 | $76.00 |
| Stacy Rasgon | Bernstein | Lowers | Market Perform | $85.00 | $95.00 |
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 assign qualitative assessments to stocks, ranging from 'Outperform' to 'Underperform'. These ratings convey the analysts' expectations for the relative performance of Lam Research compared to the broader market.
- Price Targets: Analysts navigate through adjustments in price targets, providing estimates for Lam Research's future value. Comparing current and prior targets offers insights into analysts' evolving expectations.
Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of Lam Research's market position. Stay informed and make well-informed decisions with our Ratings Table.
Stay up to date on Lam Research analyst ratings.
About Lam Research
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.
Financial Insights: Lam Research
Market Capitalization Analysis: Above industry benchmarks, the company's market capitalization emphasizes a noteworthy size, indicative of a strong market presence.
Revenue Growth: Over the 3 months period, Lam Research showcased positive performance, achieving a revenue growth rate of 19.7% as of 30 September, 2024. This reflects a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Information Technology sector.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 26.79%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): Lam Research's ROE excels beyond industry benchmarks, reaching 13.13%. This signifies robust financial management and efficient use of shareholder equity capital.
Return on Assets (ROA): The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of 5.83%, the company showcases effective utilization of assets.
Debt Management: Lam Research's debt-to-equity ratio stands notably higher than the industry average, reaching 0.59. This indicates a heavier reliance on borrowed funds, raising concerns about financial leverage.
The Core of Analyst Ratings: What Every Investor Should Know
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
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.
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