Lam ResearchNASDAQ: LRCX

FREMONT, Calif., Nov. 21, 2024 /PRNewswire/ -- Lam Research Corp. (Nasdaq: LRCX) has announced that Doug Bettinger, the Executive Vice President and Chief Financial Officer, will take part in upcoming investor events. He will be speaking at the UBS Global Technology and AI Conference on December 3, 2024, at 1:15 p.m.

Wall Street believes that this stock, which is about to split, has the potential to outperform the market. Many experts are optimistic about its future performance. Investors might want to pay attention to this opportunity.

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This semiconductor equipment company has recently reported strong results and a positive forecast.

In the week before the first quarter earnings report for its 2025 fiscal year, Lam Research Corp. (NASDAQ: LRCX) saw its stock drop by almost 15%. Additionally, analysts have been reducing their price targets for LRCX due to worries about slowing growth, which could hinder the stock's ability to perform better than the market.

An industry expert predicts that the NAND memory market will expand in 2025, mainly due to Solid-State Devices and smartphones. Experts believe that NAND memory producers will raise their capital expenditures in 2025, which could greatly help Lam. The company's PEG ratio for the next year is 0.77, suggesting it may be undervalued.

BofA Securities analyst Vivek Arya has maintained a Buy rating for Lam Research (LRCX) and increased the price target from $88 to $92.

LRCX's earnings for the first quarter show that the Customer Support Business Group did well, and there has been a recovery in the System business.

Since early July, Lam Research Corporation has lagged behind the S&P 500 by 35%, leading to a change in its valuations. After reviewing the results and outlook for the first quarter of FY25, we maintain our buy rating. We believe that worries about high shipments to China are over, as these are projected to fall to 30% of total sales next quarter, with spending from other regions expected to help boost performance in FY25.