Core Insights - Investors are increasingly attracted to companies that have enacted stock splits, viewing them as potential outperformers in volatile markets [1][2] - Stock splits are primarily cosmetic changes that do not affect a company's market capitalization or operational performance [3] - Companies conducting forward stock splits are often seen as outperforming their competition through innovation and execution [4] Nvidia - Nvidia completed a 10-for-1 forward stock split on June 7, 2024, and is expected to trade at its split-adjusted price starting June 10, 2024 [6] - Analysts predict Nvidia could see a price target of $1,500, suggesting a potential upside of 29% over the next year, which would increase its market cap to approximately $3.7 trillion [19] - Nvidia's dominance in AI-accelerated data centers is underscored by its GPUs accounting for around 90% of the market [20] Sony Group - Sony announced a 5-for-1 stock split in May, with shares expected to trade at their split-adjusted price on October 8, 2024 [22] - Analysts project a 26% upside for Sony, with a target price of $108, driven by growth in gaming services and image sensor demand [9][23] - The company is benefiting from an increase in PlayStation Plus subscription revenue, despite a decline in PlayStation 5 console sales [10] Lam Research - Lam Research approved a 10-for-1 forward stock split on May 21, 2024, with shares expected to trade at the split-adjusted price on October 3, 2024 [12] - Analysts have set a price target of $1,200 for Lam, indicating a potential upside of 30% over the next year [25] - The company is positioned to benefit from the growing demand for high-bandwidth memory in AI applications, although regulatory challenges may limit growth [13][14]

The 50-day simple moving average, which is one of three major moving averages, is widely used by traders and analysts to establish support and resistance levels for a range of securities. Because it's the first sign of an up or down trend, the 50-day is considered to be more important. The bullish case solidifies once investors consider LRCX's positive earnings estimate revisions. No estimate has gone lower in the past two months for the current fiscal year, compared to 10 higher, while the consensus estima ...

Lam Research Corporation (NASDAQ:LRCX) BofA Securities 2024 Global Technology Conference June 4, 2024 12:20 PM ET Company Participants Doug Bettinger - Executive Vice President and Chief Financial Officer Conference Call Participants Vivek Arya - Bank of America Merrill Lynch Vivek Arya This session, I'm Vivek Arya, I lead the semiconductor coverage at Bank of America Securities. I'm really delighted and honored to have Doug Bettinger, CFO of Lam Research, joining us this morning. What I thought we would do ...

Lam Research Corporation (NASDAQ:LRCX) BofA Securities 2024 Global Technology Conference June 4, 2024 12:20 PM ET Company Participants Doug Bettinger - Executive Vice President and Chief Financial Officer Conference Call Participants Vivek Arya - Bank of America Merrill Lynch Vivek Arya This session, I'm Vivek Arya, I lead the semiconductor coverage at Bank of America Securities. I'm really delighted and honored to have Doug Bettinger, CFO of Lam Research, joining us this morning. What I thought we would do ...

Lam Research Corporation (NASDAQ:LRCX) Goldman Sachs Global Semiconductor Conference May 30, 2024 10:00 AM ET Company Participants Douglas Bettinger - EVP & CFO Conference Call Participants Toshiya Hari - Goldman Sachs Toshiya Hari Good morning, everyone. We'd like to get started. My name is Toshiya Hari. I cover the semiconductor space here in the U.S. Very pleased to have Doug Bettinger, EVP and CFO from Lam Research today. Before I dive into questions. Douglas Bettinger First, let me encourage you to tak ...

Summary of Lam Research Corporation Conference Call Company Overview - **Company**: Lam Research Corporation (NASDAQ:LRCX) - **Industry**: Semiconductor and Semiconductor Capital Equipment Key Points and Arguments Industry Dynamics - The semiconductor capital equipment industry is experiencing significant growth and capital intensity, indicating a renaissance in the sector [2][3] - There is a shift in perception towards viewing the semiconductor industry as secular rather than purely cyclical, which is a positive development [3] Financial Performance in 2023 - Lam Research's performance in 2023 was better than initially expected, despite a severe downturn in the NAND market, which saw a year-on-year decline of over 70% in wafer fabrication equipment (WFE) spending [5][7] - Improvements were noted in China and mature node spending, with some initial purchases related to high-bandwidth memory (HBM) for AI applications [5][6] Strategic Focus and Market Positioning - Lam has been focusing on strengthening its positions in foundry logic and DRAM to balance its business, recognizing the need to diversify beyond NAND [7][9] - The company is a significant player in etch and deposition, which are critical for building complex three-dimensional structures in semiconductor manufacturing [9][10] Growth Opportunities - Lam identified four $1 billion opportunities in its business, including gate-all-around nodes, advanced packaging, backside power delivery, and dry EUV resist [12][14] - The company has a unique position in the market, addressing only about 30% of the WFE, allowing for significant growth potential compared to competitors [13][14] NAND Market Outlook - While NAND demand is recovering, equipment spending remains low. The expectation is that 2025 will see a strong year characterized by technology upgrades rather than new capacity additions [16][17] - Lam's leadership in NAND remains a core strength, with ongoing improvements in revenue and profitability despite market challenges [16] Competitive Landscape - Lam faces competition in various applications, including cryo etch, but maintains a strong installed base that provides valuable learning and optimization opportunities [19][20] - The company has nearly 1,000 cryo chambers in high-volume production, which enhances its competitive position [20] China Market Insights - Lam believes that semiconductor spending in China is sustainable, driven by global semiconductor demand and regionalization trends [24][26] - The company is cautious with new players in the Chinese market, requiring advanced payments to mitigate risks [29] Services and Maintenance Innovations - The services business has grown significantly, now accounting for about 30% of revenue, with a focus on AI-driven analytics and automation to improve efficiency [37][38] - Lam is introducing collaborative robots (cobots) for maintenance tasks, enhancing tool availability and reducing labor costs [40][41] Future Trends and Innovations - AI is expected to drive significant growth in WFE, with estimates suggesting that a 1% increase in AI server penetration could yield $1 billion to $1.5 billion in WFE [68][70] - Lam is innovating in dry photoresist technology, which offers better control and productivity in EUV lithography, potentially replacing traditional methodologies [75][79] Capital Intensity and Economic Outlook - The company anticipates that capital intensity in the semiconductor industry will remain high, with a focus on productivity improvements to manage costs effectively [58][60] - Lam's restructuring and investment in manufacturing capabilities, particularly in Malaysia, are expected to enhance gross margins and operational resilience [63][66] Conclusion - Lam Research is well-positioned to capitalize on emerging opportunities in the semiconductor industry, with a strong focus on innovation, market diversification, and strategic growth in key segments such as foundry logic and DRAM. The company is navigating challenges in the NAND market while leveraging its competitive advantages and expanding its services business.

The semiconductor equipment giant sees sunnier days ahead. Lam's stock rose slightly after the news, but its stock has already rallied about 64% over the past 12 months and is only trading 3% below its all-time high. Do its upcoming stock split and fresh buyback plan make its stock worth buying? Why did investors turn bullish on Lam? Lam Research is one of the world's largest producers of wafer fabrication equipment (WFE) for manufacturing silicon wafers. It's widely considered one of the linchpins of the s ...

A month has gone by since the last earnings report for Lam Research (LRCX) . Shares have added about 6.3% in that time frame, outperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is Lam Research due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers. Lam Research Q3 Earnings & Revenues Beat Estimates ...

In this video, I will be talking about stock splits and more specifically the upcoming Lam Research (LRCX 2.33%) split happening on Oct. 2, 2024, and whether or not investors should buy shares now. *Stock prices used were from the trading day of May 20, 2024. The video was published on May 21, 2024. Investors shouldn't worry about buying shares before the split but rather focus on the fundamentals. ...

Lam Research Corporation (NASDAQ:LRCX) JPMorgan's 52nd Global Technology, Media and Communications Conference May 21, 2024 10:50 AM ET Doug Bettinger - Chief Financial Officer Conference Call Participants Harlan Sur - JPMorgan Harlan Sur Great. Good morning, and again, welcome to the second day of JPMorgan's 52nd Annual Technology, Media and Communications Conference. My name is Harlan Sur. I'm the semiconductor and semiconductor capital equipment analyst for the firm. Very pleased to have Doug Bettinger, C ...