Lam Research (LRCX, $500.51) fiscal Q4 earnings beats Zacks Consensus Estimate
Lam Research reported quarterly adjusted earnings of $8.83 per share, topping the Zacks Consensus Estimate of $7.31 per share. The year-ago quarter’s earnings were $8.09 per share.
The semiconductor equipment company’s revenues grew +11.8% from the year-ago quarter to $4.64 billion for the quarter ,exceeding the Zacks Consensus Estimate by 10.14%.
Revenues from the company’s system business grew +8.8% from the year-ago quarter to $3.01 billion (64.9% of the total revenues). The Customer Support Business Group generated revenues of $1.63 billion (35.1%) in the quarter, +17.9% higher year over year.
For first-quarter fiscal 2023, Lam expects revenues of $4.9 billion (+/- $300 million), vs. Zacks Consensus Estimate of at $4.66 billion.
The company projects Non-GAAP earnings to be $9.50 (+/- 75 cents) per share, vs. the Zacks Consensus Estimate of $8.90.
LRCX in +4.63% Uptrend, growing for three consecutive days on May 30, 2023
Moving higher for three straight days is viewed as a bullish sign. Keep an eye on this stock for future growth. Considering data from situations where LRCX advanced for three days, in of 314 cases, the price rose further within the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on May 05, 2023. You may want to consider a long position or call options on LRCX as a result. In of 82 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for LRCX just turned positive on April 27, 2023. Looking at past instances where LRCX's MACD turned positive, the stock continued to rise in of 48 cases over the following month. The odds of a continued upward trend are .
LRCX moved above its 50-day moving average on April 27, 2023 date and that indicates a change from a downward trend to an upward trend.
The Aroon Indicator entered an Uptrend today. In of 293 cases where LRCX Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Bearish Trend Analysis
The RSI Indicator has been in the overbought zone for 2 days. Expect a price pull-back in the near future.
The Stochastic Oscillator has been in the overbought zone for 2 days. Expect a price pull-back in the near future.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where LRCX declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
LRCX broke above its upper Bollinger Band on May 15, 2023. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
Fundamental Analysis (Ratings)
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating outstanding price growth. LRCX’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 63, placing this stock better than average.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (10.070) is normal, around the industry mean (7.030). P/E Ratio (17.544) is within average values for comparable stocks, (54.473). Projected Growth (PEG Ratio) (2.162) is also within normal values, averaging (2.572). Dividend Yield (0.011) settles around the average of (0.024) among similar stocks. P/S Ratio (4.570) is also within normal values, averaging (11.588).
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to consistent earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
Notable companies
Industry description
Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
a manufacturer of semiconductor processing equipment
Industry Semiconductors
LRCX and
Correlation & Price change
A.I.dvisor indicates that over the last year, LRCX has been closely correlated with AMAT. These tickers have moved in lockstep 94% of the time. This A.I.-generated data suggests there is a high statistical probability that if LRCX jumps, then AMAT could also see price increases.
| Ticker / NAME | Correlation To LRCX | 1D Price Change % | ||
|---|---|---|---|---|
| LRCX | 100% | +0.27% | ||
| AMAT - LRCX | 94% Closely correlated | +0.37% | ||
| KLAC - LRCX | 92% Closely correlated | -0.53% | ||
| MCHP - LRCX | 88% Closely correlated | -1.88% | ||
| ASML - LRCX | 87% Closely correlated | -1.04% | ||
| TER - LRCX | 87% Closely correlated | -0.95% | ||
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