Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.While many investors like to look for moment ...

Have you been paying attention to shares of Lam Research (LRCX) ? Shares have been on the move with the stock up 9.6% over the past month. The stock hit a new 52-week high of $900.09 in the previous session. Lam Research has gained 10.5% since the start of the year compared to the 63.7% move for the Zacks Computer and Technology sector and the 71.5% return for the Zacks Semiconductor Equipment - Wafer Fabrication industry.What's Driving the Outperformance?The stock has an impressive record of positive earni ...

Lam Research Corporation (LRCX) delivered second-quarter fiscal 2024 non-GAAP earnings of $7.52 per share, which surpassed the Zacks Consensus Estimate by 6.5%. The figure decreased by 29.8% from the year-ago fiscal quarter’s reading.Revenues of $3.76 billion surpassed the Zacks Consensus Estimate of $3.71 billion. The figure declined by 28.8% year over year. This was primarily attributed to weakness in the systems business due to sluggish memory spending.Lam Research’s system revenues were $2.29 billion (6 ...

. . . . . . ... .. . .. ... .. . . . areas as a s a s a s a c o c Business review & industry outlook Tim Archer President and Chief Executive Officer LAM RESEARCH | --- | --- | --- | --- | --- | --- | --- | |-------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|---------|---------|------------------------------|---------|---------| | ...

Lam Research Corporation (NASDAQ:LRCX) Q2 2024 Earnings Conference Call January 24, 2024 5:00 PM ET Company Participants Ram Ganesh - Head, IR Timothy Archer - President, CEO & Director Douglas Bettinger - EVP & CFO Conference Call Participants Timothy Arcuri - UBS Harlan Sur - JPMorgan Chase & Co. Atif Malik - Citigroup Brian Chin - Stifel, Nicolaus & Company Krish Sankar - TD Cowen Christopher Caso - Wolfe Research Srinivas Pajjuri - Raymond James & Associates Stacy Rasgon - Sanford C. Bernstein & Co. Jos ...

FREMONT, Calif., Jan. 24, 2024 /PRNewswire/ -- Lam Research Corporation (the "Company," "Lam," "Lam Research") today announced financial results for the quarter ended December 24, 2023 (the "December 2023 quarter"). Highlights for the December 2023 quarter were as follows: Revenue of $3.76 billion. U.S. GAAP gross margin of 46.8%, U.S. GAAP operating income as a percentage of revenue of 28.1%, and U.S. GAAP diluted EPS of $7.22. Non-GAAP gross margin of 47.6%, non-GAAP operating income as a percentage of r ...

Lam Research Corporation (LRCX) is scheduled to report second-quarter fiscal 2024 results on Jan 24.For the fiscal second quarter, the company expects revenues of $3.7 billion (+/- $300 million). The Zacks Consensus Estimate for revenues is pegged at $3.71 billion, indicating a decline of 29.7% from the year-ago reported figure.The company anticipates non-GAAP earnings per share (EPS) of $7.00 (+/- 75 cents) for second-quarter fiscal 2024. The consensus mark for EPS is pegged at $7.05, indicating a 34.2% fa ...

Lam Research (LRCX) shares ended the last trading session 5.2% higher at $826.32. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 1.1% gain over the past four weeks.Lam Research extended its rally, driven by its strength across 3D DRAM and advanced packaging technologies. Further, growing etch and deposition intensity owing to increasing technology inflections in 3D architectures, is a positive. The company's techn ...

Lam Research (LRCX) closed at $761.14 in the latest trading session, marking a +0.19% move from the prior day. The stock's performance was ahead of the S&P 500's daily loss of 0.37%. Meanwhile, the Dow lost 0.62%, and the Nasdaq, a tech-heavy index, lost 0.19%.Heading into today, shares of the semiconductor equipment maker had lost 1.33% over the past month, lagging the Computer and Technology sector's gain of 1.22% and the S&P 500's gain of 1.56% in that time.The investment community will be paying close a ...

Lam Research (LRCX) closed the latest trading day at $752.02, indicating a -0.68% change from the previous session's end. The stock's performance was behind the S&P 500's daily loss of 0.15%. Elsewhere, the Dow lost 0.42%, while the tech-heavy Nasdaq added 0.09%.The semiconductor equipment maker's shares have seen an increase of 2.93% over the last month, surpassing the Computer and Technology sector's gain of 1.19% and falling behind the S&P 500's gain of 3.5%.The investment community will be closely monit ...