37 stories mentioning LRCXUpdated 11h ago
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Lam Research (LRCX) has an average rating of overweight and mean price target of $311.43, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)Price: $248.74, Change: $-2.50, Percent Change: -1.00%
US equity indexes closed lower on Tuesday as semiconductor shares fell and Middle East tensions lifted crude oil prices.* Arm Holdings (ARM), Applied Materials (AMAT), Lam Research (LRCX), Arista Networks (ANET), and Advanced Micro Devices (AMD) were among the tech decliners.* Iran's latest proposal to end the war in the Middle East failed to win President Donald Trump's support, Reuters reported, citing a US official.* The Conference Board's measure of consumer confidence rose to 92.8 in April from an upwardly revised 92.2 in March, compared with 89 expected in a Bloomberg survey.* The Richmond Fed's monthly manufacturing index rose to 3 in April from zero in March, above expectations for 1 in a Bloomberg poll.* May West Texas Intermediate crude oil rose $3.51 to settle at $99.88 per barrel, while June Brent crude, the global benchmark, was last seen up $2.90 at $111.13.* Alexandria Real Estate Equities (ARE) shares fell 11%, the biggest drop on the S&P 500, after the company reported lower Q1 results.* Centene (CNC) shares rose 13%, the top gainer on the S&P, after the company reported higher Q1 results and raised its 2026 outlook.
Tech stocks fell late Tuesday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) dropping 1.5% and the State Street SPDR S&P Semiconductor ETF (XSD) slumping 4.4%.The Philadelphia Semiconductor index shed 3.3%.In corporate news, OpenAI recently missed its own targets for new users and revenue, the Wall Street Journal reported late Monday, citing people familiar with the matter. Tech bellwether Nvidia (NVDA) fell 1.2%, Broadcom (AVGO) dropped 4.2%, Advanced Micro Devices (AMD) shed 3.1%, Oracle (ORCL) lost 3.6%, and Intel (INTC) declined 1.4%.Lam Research (LRCX), Applied Materials (AMAT) and KLA (KLAC) were among the chip equipment companies believed to have received a letter last week from the US Department of Commerce ordering them to halt certain tool shipments to China's second-largest chipmaker Hua Hong, Reuters reported. Lam declined 3%, Applied Materials dropped 5.1%, and KLA shed 4.1%.Amazon.com (AMZN) plans to make OpenAI's artificial intelligence models available to its customers after Microsoft (MSFT) relinquished its exclusive rights to resell the ChatGPT maker's products, Bloomberg reported Tuesday, citing Amazon Web Services CEO Matt Garman in a Bloomberg Television interview. Amazon shares were down 0.6%, and Microsoft rose 0.6%.Spotify Technology (SPOT) reported stronger-than-expected Q1 profit, but its premium subscriber growth and outlook disappointed investors. The stock fell 12%.
Tech stocks fell Tuesday afternoon with the State Street Technology Select Sector SPDR ETF (XLK) dropping 1.8% and the State Street SPDR S&P Semiconductor ETF (XSD) slumping 4.5%.The Philadelphia Semiconductor index shed 3.7%.In corporate news, OpenAI recently missed its own targets for new users and revenue, the Wall Street Journal reported late Monday, citing people familiar with the matter. Tech bellwether Nvidia (NVDA) fell 2.2%, Broadcom (AVGO) dropped 4.7%, Advanced Micro Devices (AMD) shed 2.7%, Oracle (ORCL) lost 3.8%, and Intel (INTC) declined 1.7%.Lam Research (LRCX), Applied Materials (AMAT) and KLA (KLAC) were among the chip equipment companies believed to have received a letter last week from the US Department of Commerce ordering them to halt certain tool shipments to China's second-largest chipmaker Hua Hong, Reuters reported. Lam declined 3.5%, Applied Materials dropped 5.5%, and KLA shed 3.5%.Spotify Technology (SPOT) reported stronger-than-expected Q1 profit, but its premium subscriber growth and outlook disappointed investors. The stock fell 13%.
Ava Harter, Chief Legal Officer, on April 27, 2026, sold 6,010 shares in Lam Research (LRCX) for $1,554,547. Following the Form 4 filing with the SEC, Harter has control over a total of 53,205 common shares of the company, with 53,205 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/707549/000164241526000008/xslF345X05/wk-form4_1777399454.xmlPrice: $250.23, Change: $-9.33, Percent Change: -3.59%
Lam Research (LRCX), Applied Materials (AMAT) and KLA (KLAC) were among the chip equipment companies believed to have received a letter last week from the US Department of Commerce ordering them to halt certain tool shipments to China's second-largest chipmaker Hua Hong, Reuters reported Tuesday, citing two people familiar with the matter.US officials believe Hua Hong facilities will make China's most sophisticated chips, the report said, citing the people.The companies and the Commerce Department didn't immediately reply to requests for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $246.85, Change: $-12.71, Percent Change: -4.90%
US Orders Big Chip Equipment Firms to Halt Some Shipments to Chinese Chipmaker, Reuters Reports
US equity indexes were mixed in Tuesday's midday trading, with the S&P 500 and the Nasdaq Composite sliding, as slumping semiconductor shares sent technology lower and worsening Middle East geopolitics lifted crude oil futures.The Nasdaq Composite dropped 1.3% to 24,564.5, and the S&P 500 slid 0.8% to 7,120.7. The Dow Jones Industrial Average, home mostly to old economy shares, climbed 0.1% to 49,190.3.Industrials and materials were among the three worst performers, while energy and consumer staples led the gainers intraday.Microsoft-backed (MSFT) OpenAI recently missed its own targets for new users and revenue, The Wall Street Journal reported late Monday, citing people familiar with the matter. Chief Financial Officer Sarah Friar expressed concern that OpenAI may not be able to pay for future computing contracts if sales fail to grow fast enough, the news report said, citing the people.Among companies with a market capitalization of more than $200 billion, the worst performers were largely semiconductor names, including Arm Holdings (ARM), Applied Materials (AMAT), Lam Research (LRCX), Arista Networks (ANET), and Advanced Micro Devices (AMD), according to data compiled by Finviz.Meanwhile, the United Arab Emirates will leave the Organization of the Petroleum Exporting Countries and its more expanded version, OPEC+, effective May 1, the Emirates News Agency reported.This comes as Iran's latest proposal to end the war in the Middle East has still not won President Donald Trump's backing, leaving the deadly conflict in a continuing state of deadlock, Reuters said in a Tuesday report, citing an unnamed US official.West Texas Intermediate crude oil futures jumped 3.6% to $99.80, and Brent crude futures advanced 2.6% to $111.08."Oil extended its rally ... amid no signs of progress toward reopening the Strait of Hormuz, where US and Iranian blockades have reduced daily transits to near zero," Saxo Bank said in a note. "Warnings over the severity of the global supply squeeze continue to intensify, with tightness in refined fuel markets already pushing diesel and jet fuel prices toward USD200 per barrel."In precious metals, gold futures dropped 2.5% to $4,575.1, and silver futures slumped 3.7% to $72.30, as higher crude oil prices raised inflation concerns. Most US Treasury yields rose, with the 10-year up 3.4 basis points to 4.37% and the two-year climbing 4.1 basis points to 3.85%.In economic news, the Conference Board's measure of consumer confidence rose to 92.8 in April from an upwardly revised 92.2 in March, compared with the 89.0 print expected in a Bloomberg-compiled survey. The poll for preliminary results was conducted from April 1 to April 22, which included the temporary two-week ceasefire in the Iran war."Consumer appraisals of current and expected business conditions declined moderately compared to last month," said Dana Peterson, Chief Economist at The Conference Board. "This was offset by modest improvements in consumers' perceptions of the labor market, both current and expected, as well as income expectations, which were slightly more optimistic in April."The Richmond Fed's monthly manufacturing index rose to 3 in April from 0 in March, above expectations for 1 in a Bloomberg-compiled poll. Other regional manufacturing data already released have suggested expansion, except for the Dallas Fed's measure.
Lam Research (LRCX) has an average rating of overweight and mean price target of $311.43, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)Price: $271.64, Change: $+13.08, Percent Change: +5.06%
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We lift our price target by $34 to $314, 30x our FY 28 (Jun.) EPS view, above LRCX's three-year average (~20x) on AI tailwinds and growing NAND demand. We raise our FY 26 EPS view by $0.43 to $5.72, raise FY 27's by $1.25 to $8.08, and lift FY 28's by $2.08 to $10.45. The outlook for NAND is improving, partly due to its growing importance in the AI ecosystem, especially when integrated with NVIDIA's latest computing architectures, as AI inference increasingly requires more dynamic storage. In response, LRCX accelerated its forecast for $40B of customer NAND equipment spending to "before YE 27" from "over the next several years," a material change that we think brings sizeable upside to FY 27 and FY 28 forecasts. China exposure remains elevated (34% of Mar-Q sales), making results vulnerable to tightening export controls (such as those proposed by the MATCH Act) along with self-sufficiency initiatives, but we think LRCX's trailing-edge China exposure should remain relatively safe while global leading-edge/AI demand remains the larger investment story.
Lam Research (LRCX) is likely to benefit from healthy wafer fabrication equipment environment for the next two to three years driven by generative AI demand and memory tightness, RBC Capital Markets said in a Wednesday research report.The brokerage said it raised its fiscal 2026 and 2027 EPS guidance to $5.65 and $7.72, respectively, from $5.30 and $6.84 earlier.The company's fiscal Q3 beat was particularly driven by strength in DRAM and improving NAND outlook amid continued momentum in high bandwidth memory, analysts wrote.China exposure declined during the quarter, and the company expects further declines as global spending accelerates, but overall, China demand remains steady, according to the note.RBC reiterated its outperform rating on the stock and boosted its price target to $310 from $290.Price: $261.88, Change: $-3.68, Percent Change: -1.38%
Lam Research (LRCX) reported a record fiscal Q3 as the company benefits from artificial intelligence-driven demand for semiconductor equipment and memory, Oppenheimer said.The brokerage said in a Wednesday note that the company issued a "muscular" Q4 outlook above consensus estimates, highlighting an "ideal setup for outperformance."Lam Research also raised its 2026 wafer fab equipment forecast to $140 billion and described demand across DRAM, NAND, foundry and packaging as stronger than 90 days ago, the note added.The firm added that visibility is extending into 2028 and the $40 billion NAND upgrade cycle is pulling forward, with the bulk of spending now expected by the end of 2027.Oppenheimer maintained its outperform rating on Lam Research and raised its price target to $330 from $265.Price: $263.05, Change: $-2.51, Percent Change: -0.94%
Lam Research (LRCX) has an average rating of overweight and mean price target of $308.36, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)Price: $264.95, Change: $-0.60, Percent Change: -0.23%
Lam Research (LRCX) has an average rating of overweight and mean price target of $309.07, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)Price: $265.14, Change: $-0.41, Percent Change: -0.15%
Lam Research (LRCX) has an average rating of overweight and mean price target of $309.07, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)Price: $270.63, Change: $+5.08, Percent Change: +1.91%
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:LRCX posted impressive Mar-Q results with sales of $5.84B (+24% Y/Y) and non-GAAP EPS of $1.47 (+41%), beating Street expectations of $5.76B / $1.36. Systems revenue grew 23% Y/Y (vs. +28% last Q) while CSBG sales accelerated to 25% growth (from +14%), reflecting continued strong AI spending momentum. We see continued upside as elevated memory prices drive equipment purchases that should benefit LRCX in the coming quarters. Management provided strong Jun-Q guidance of $6.6B sales (vs. $6.0B Street) and $1.65 EPS (vs. $1.45), while raising its CY 26 WFE outlook to $140B+ from $135B, implying 27% industry growth despite supply constraints. China sales remain elevated at 36% of Mar-Q revenue (+100 bps Q/Q, +500 bps Y/Y), reflecting vulnerability to potential export control tightening and accelerating self-sufficiency efforts (though robust demand ex-China still supports strong growth). Non-GAAP gross margin of 49.9% and operating margin of 35.0% both easily exceeded guidance midpoints (49.0% / 34.0%).
US equity investors will focus on mounting geopolitical risk in the Middle East while keeping an eye on Q1 earnings and retail sales.* Iran vowed retaliation after the US Navy seized an Iranian cargo ship in the Gulf of Oman, endangering the planned second round of negotiations in Pakistan this week to find a lasting solution for peace for Tehran, according to multiple media reports.* US Vice President JD Vance and top US officials were expected to travel to Islamabad, but Iran's foreign ministry insisted there were no plans for talks, CNN reported. The ceasefire, which the US and Iran have accused each other of violating, expires on Wednesday.* After scaling fresh records on Friday amid optimism that an Iran peace deal could materialize without extending the two-week ceasefire, the S&P 500, the Nasdaq Composite, and the Dow Jones Industrial Average futures slumped early on Monday amid concerns of an escalation of the war in the Middle East.* West Texas Intermediate crude oil futures soared 7.2% to $89.92, and Brent crude futures jumped 6.3% to $96.10 pre-bell. Reflecting the potential impact of elevated crude oil prices on inflation, gold futures dropped 1.5% to $4,808.8, and silver futures slumped 3% to $79.37 early Monday. Similarly, most US Treasury yields rose, with the 10-year up 2.2 basis points to 4.27% and the two-year jumped 3.5 basis points to 3.74%.* The highlight of quarterly earnings this week will be Tesla (TSLA) as well as some technology names such as Intel (INTC), IBM (IBM), Lam Research (LRCX), Texas Instruments (TXN), and SAP (SAP). Other mega-caps expected to report this week include American Express (AXP), GE Vernova (GEV), Boeing (BA), and United Health (UNH).* In US macroeconomic data, investors will focus on retail sales, S&P Global manufacturing and services PMIs, ADP employment change, initial jobless claims, and the final read on Michigan consumer sentiment alongside Michigan inflation expectations for one and five years ahead.
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