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Semiconductor Surge | Lam Research outperforms expectations with strong June quarter results and optimistic projections for semiconductor equipment market growth |
Technological Edge | Explore Lam's "4-Horsemen" innovations driving growth: Gate All Around, Backside Power, Advanced Packaging, and Dry Resist technologies |
Market Dynamics | Delve into China's impact on Lam's performance, with domestic demand improvements and potential challenges in the second half of the yea |
Financial Outlook | Analyst projections suggest robust EPS growth, with estimates ranging from $32.65 to $42.50 for CY24 and CY25, and price targets up to $1,200 |
Lam Research Corporation designs, manufactures, markets, refurbishes, and services semiconductor processing equipment used in the fabrication of integrated circuits. The company offers ALTUS systems to deposit conformal films for tungsten metallization applications; SABRE electrochemical deposition products for copper interconnect transition that offers copper damascene manufacturing; and VECTOR plasma-enhanced CVD products. It also provides SPEED gapfill high-density plasma chemical vapor deposition products; and Striker single-wafer atomic layer deposition products for dielectric film solutions. In addition, the company offers Flex for dielectric etch applications; Vantex, a dielectric etch system that provides RF technology and repeatable wafer-to-wafer performance enabled by Equipment Intelligence solutions; Kiyo for conductor etch applications; Syndion for through-silicon via etch applications; and Versys metal products for metal etch processes. Further, it provides Coronus bevel clean products to enhance die yield; and Da Vinci, DV-Prime, EOS, and SP series products to address various wafer cleaning applications. The company sells its products in the United States, China, Europe, Japan, Korea, Southeast Asia, and Taiwan. Lam Research Corporation was incorporated in 1980 and is headquartered in Fremont, California.
Metrics to compare | LRCX | Sector Sector - Average of metrics from a broad group of related Technology sector companies | Relationship RelationshipLRCXPeersSector | |
---|---|---|---|---|
P/E Ratio | 28.1x | 43.1x | 11.3x | |
PEG Ratio | −2.21 | −2.15 | 0.01 | |
Price/Book | 12.6x | 7.3x | 2.4x | |
Price / LTM Sales | 7.2x | 6.9x | 2.1x | |
Upside (Analyst Target) | 20.6% | 37.0% | 22.8% | |
Fair Value Upside | Unlock | −14.5% | 5.5% | Unlock |