Shares of semiconductor equipment supplier Lam Research (LRCX -4.69%) lost ground Thursday morning, and were trading down 4.7% as of 12:25 p.m. ET. This is notable as Lam is missing out on the rebound many stocks are experiencing following Wednesday's market rout.Lam's decline was set off by the tepid outlook that one of its key customers delivered Wednesday afternoon. But for investors, this share price dip in a company that's positioned to be a long-term beneficiary of the AI revolution may offer an oppor ...

文章核心观点 - 公司股价突破50日移动平均线，显示出短期动能增强，反映出市场对公司在半导体复苏周期中地位的乐观情绪。公司财务表现强劲，长期增长催化剂包括内存、逻辑和高性能计算市场。尽管面临短期挑战，但公司的估值较低，技术基础强大，使其成为长期投资者的理想选择[1][4][7][24] 50日移动平均线信号 - 公司股价近期突破50日移动平均线，这一突破通常标志着股票短期动能的增强，对投资者来说是一个重要信号[1][3] - 过去一个月，公司股价上涨10.3%，表现优于Zacks计算机和技术板块的6%涨幅以及标普500指数的3.1%涨幅[4][5] 财务表现 - 公司在2025财年第一季度实现了19.7%的营收同比增长，达到41.7亿美元，非GAAP每股收益（EPS）增长28.4%至86美分，超出分析师预期[9] - Zacks共识预计公司2025财年营收将增长15.6%，2026财年将再增长8.5%。非GAAP EPS预计也将实现两位数增长，表明公司营收和利润的强劲复苏[10][11] 关键增长驱动因素 - 公司处于有利地位，能够利用内存和逻辑市场的预期反弹。内存支出，特别是DRAM和NAND技术，预计将在2025年底回升，这将推动公司专用蚀刻和沉积工具的需求[12] - 公司在GAA晶体管和高带宽内存（HBM）解决方案方面的领导地位与半导体行业不断变化的需求相一致。随着对先进芯片的需求增长，公司将从半导体制造商的资本支出增加中受益[13] - 在逻辑领域，公司的工具对于生产用于5G基础设施、自动驾驶车辆和AI平台的先进逻辑芯片至关重要。逻辑市场的持续增长为公司提供了未来的稳定机会[14] 技术创新 - 公司的Semiverse平台通过为半导体制造商提供虚拟模拟，加速生产周期并降低成本，这在高度竞争的芯片制造领域是一个关键优势[15][16] - 公司在HBM和蚀刻技术方面的进步使其成为开发下一代内存和逻辑解决方案的芯片制造商的关键合作伙伴。随着AI的采用加速，公司的产品组合对于实现更高芯片性能和能源效率至关重要[16] 估值 - 公司目前的12个月远期市盈率（P/E）为20.81，显著低于Zacks电子-半导体行业平均的34.32。与ASML Holding、Advanced Energy Industries和KLA Corporation等同行相比，公司的市盈率也较低[17][19] 短期挑战 - 中美贸易紧张局势可能升级，这可能会影响公司在中国的销售，中国是公司收入的重要市场。在2025财年第一季度，公司约37%的营收来自中国[20][21] - 半导体市场的周期性对公司的营收一致性构成风险。NAND价格压力和内存及逻辑客户的谨慎资本支出可能会限制短期增长。然而，随着内存支出预计在2025年底反弹，公司可能会度过这一资本支出减少的时期，但短期前景仍不确定[22]

It’s been a strong year for many stocks. But now that we’re in December, many investors are looking to diversify and rebalance their portfolios. This is a simple strategy in which you take some profits from your winners and move them to stocks that haven’t done as well in 2024. Selling stocks at overbought levels doesn’t have to mean your opinion of the company has changed. But as the old saw goes, nobody got broke taking a profit. And if a stock is overvalued, trimming your position can protect you from d ...

Artificial intelligence (AI)-inspired stock splits were a big theme in 2024 -- and it may stay that way in the new year, based on the forecast of two analysts.For the better part of two years, the bulls have been running wild on Wall Street. While these gains can prominently be traced to the rise of artificial intelligence (AI), AI isn't the only catalyst responsible for sending the broad-market indexes to fresh highs.The outsized gains in the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite in 2 ...

Lam Research Corporation (NASDAQ:LRCX) Barclays 22nd Annual Global Technology Conference December 11, 2024 11:40 AM ET Company Participants Tom O'Malley - CFO Conference Call Participants Doug Bettinger - Barclays Doug Bettinger Safe harbor to keep my attorneys happy. I don't plan to say anything that I haven't said on public record before, so don't be disappointed with that. But today's discussion may include forward-looking statements that are subject to risks and uncertainties. Actual results, results ma ...

1. 行业概况 * **晶圆厂设备支出**：2024年预计为950亿美元，其中领先边缘晶圆厂和逻辑芯片、DRAM表现良好，NAND芯片市场疲软，预计2025年将有所回升。[6] * **2025年展望**：预计2025年将实现增长，NAND芯片支出将比过去几年更强，领先边缘晶圆厂和逻辑芯片市场将持续强劲，而落后边缘晶圆厂和逻辑芯片市场将保持疲软状态。[10] * **中国晶圆厂设备市场**：预计2025年将低于2024年，并可能低于12月季度的集中度。[14] 2. 市场份额和增长动力 * **领先边缘晶圆厂和逻辑芯片市场**：预计将持续强劲，可能由一个客户引领。[12] * **落后边缘晶圆厂和逻辑芯片市场**：预计将持续疲软，因为许多市场正处于库存周期中。[13] * **DRAM市场**：预计将持续强劲，并将继续投资于高带宽内存和DDR5的过渡。[13] * **NAND市场**：预计2025年将实现增长，主要由于现有基础设施的升级。[11] * **先进封装**：预计将成为一个重要的增长领域，预计2024年将超过10亿美元，并将在未来几年继续增长。[22] * **全环绕栅极结构**：预计将成为一个重要的增长领域，预计2024年将产生10亿美元的收益，并将在未来几年继续增长。[25] * **背面电源**：预计将在2025年底或2026年开始产生收益，预计将成为一个重要的增长领域。[28] 3. 中国市场 * **晶圆厂设备销售**：所有设备都已部署，预计2025年将低于2024年，并可能低于12月季度的集中度。[48] * **投资趋势**：预计将持续，但将有所放缓，因为客户正在学习如何满足中国需求并提高利用率。[52] 4. 竞争对手 * **BIS公告**：对Lam Research的影响相对较小，主要影响是几个客户被列入最终用户限制名单，以及一些技术上的调整。[54] 5. 业务部门 * **CSBG**：预计2025年将实现增长，主要得益于备件、服务和升级。[60] * **Reliant产品线**：预计将面临一些挑战，因为成熟节点投资有所放缓。[62] 6. 财务状况 * **毛利率**：预计将有所下降，主要由于中国收入集中度较高，但将被马来西亚工厂网络的成本优势所抵消。[68] * **现金回报**：预计将用于研发、资本支出、基础设施、股票回购和增长股息。[73]

Editor's note: Seeking Alpha is proud to welcome Sivanand Birusumanti as a new contributing analyst. You can become one too! Share your best investment idea by submitting your article for review to our editors. Get published, earn money, and unlock exclusive SA Premium access.Ever since I was eleven years old, I have been an ardent follower of the Stock Market and avid of learning new investing concepts. By providing fundamental analysis on dividend and growth equities across diverse sectors, I aim to guide ...

FREMONT, Calif., Dec. 2, 2024 /PRNewswire/ -- Lam Research Corp. (Nasdaq: LRCX).Today, the U.S. government announced additional measures to further restrict semiconductor technology exports to China. Our initial assessment is that the effect of the announced measures on Lam's business will be broadly consistent with our prior expectations. As a result, at this time we have no plans to update Lam's financial guidance for the December 2024 quarter as stated in our earnings press release on October 23, 2024.Ab ...

While the "Magnificent Seven" stocks often get a lion's share of attention in the tech world, semiconductor stocks outside Nvidia are often ignored by a lot of investors. And the semiconductor capital equipment ("semicap") stocks -- the makers of high-tech machines that produce semiconductors -- are ignored even more.This is despite the semicaps having some of the best businesses around. Today, semicap leader Lam Research (LRCX 3.23%) looks like an excellent buy for long-term investors, especially after the ...

Lam Research (NASDAQ: LRCX ) stock investors have had it rough this year, with the stock down more than 5% in value. Over the past six months, the scenario is even more dire, with the stock losing 24%, contrasting its lofty 2023 gain, within strikingMuslim Farooque is a leading financial journalist and market analyst with over five years of expertise in covering the stock and cryptocurrency markets. His work has been widely featured on platforms such as Seeking Alpha, InvestorPlace, GuruFocus, BarCharts, Ti ...