Lam Research stock: buy or sell

LRCX stock price: $602.99 3.12% At close on May 14th, 2021

Updated on:
May 17th, 2021

2

Lam Research stock brief

  • Lam Research stock skyrocketed 3.12% to close at $602.99 on the stock market last Friday.
  • From the chart point view, price is drawing a scaled uptrend since March 2020 with higher tops and higher bottoms. This uptrend marked a 238.76% gain
  • Lam Research Corporation designs, manufactures, markets, refurbishes, and services semiconductor processing equipment used in the fabrication of integrated circuits worldwide.

Should I buy Lam Research stock?

All successful traders recommend adhering to a trading strategy and not make decisions based on subjective opinions, rumors or feelings. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best

Is $LRCX stock a buy?

In the current situation of Lam Research there is just one buy setup eligible:

Uptrend buy setup

Lam Research stock is in an uptrend since in March 2020 that so far marked an amazing 239.00% gain. Price marked a local bottom in this uptrend at $555.80 last Wednesday, and since then it bounced off a 8.49%. Breaking out above $669.00 - it's last top - will be a good entry point if Lam Research resumes the uptrend. If you decide to enter this trade, the suggested stop loss is at $602.10

Buy setupBuy pointStop lossRisk
Uptrend buy setup$669.00$602.1010.00%

Should I sell Lam Research stock?

"To sell or not to sell", if you are holding Lam Research stock?. Similarly to when we have to buy shares, choosing when is the best time to sell is not a random decision, and we must use our own trading style. When selling, as well as buying, our setups are very easy to use but are only valid for selling shares in your porfolio, not for selling short Lam Research stock

As a rule of thumb, you must never hold a trade that yields greater losses than those expected by the time of purchase. The moment to sell shares must always be ruled by the stop-loss (automatic or manual)

Is it time to sell Lam Research stock?

Currently, Lam Research stock doesn't match any of our preferred sell setups, so if you own Lam Research shares and your operation is in profit probably is not time to sell now

Lam Research ratings

In the last month, 19 brokerage ratings were published for Lam Research. General sentiment is bullish, with 16 out of 19 publishing positive outlooks

Lam Research analysts' ratings - Last 30 days
Brokerage firmRating
Apr 20th, 2021
Cowen Buy
Apr 21st, 2021
Argus Strong buy
Apr 22nd, 2021
B. Riley Strong buy
Barclays Buy
Credit Suisse Group Buy
Deutsche Bank Aktiengesellschaft Neutral
KeyCorp Buy
Mizuho BuyStrong buy
Morgan Stanley Buy
Stifel Nicolaus Strong buyBuy
UBS Group Strong buy
Wells Fargo & Company
Apr 23rd, 2021
DA Davidson Neutral
Apr 28th, 2021
Barclays Buy
KeyCorp Buy
Mizuho Strong buy
Morgan Stanley Buy
Stifel Nicolaus Strong buy
UBS Group Strong buy

Lam Research stock analysis

Lam Research stock started an uptrend in March 2020, and grew an amazing 238.76%. During this uptrend, the price provided some buy points on the breakouts. Latest low was last Wednesday, when price bounced at $555.80. Now, it trades in a consolidation between its last top ($669.00) and its last bottom ($555.80)

SMAs overview

LRCX stock SMAs chart

Supports and resistances

The current resistance levels are:

  • R1: $669.00 (10.95% above)
  • The current supports are:

  • S1: $602.14 (-0.14% below)
  • S2: $584.00 (-3.15% below)
  • S3: $555.80 (-7.83% below)
  • Bollinger bands

    Since the price broke down the lower band last Wednesday, the price bounced by 8.49%

    LRCX stock Bollinger Bands chart

    Relative strength index

    When the fluctuates for so long below 70 and above 30, without showing moments of overbought and oversold, the indicator gets of little use, and we are now in one of these cases.

    LRCX stock RSI chart

    Lam Research stock price history

    Lam Research started trading priced at an adjusted price1 of $0.00 on May 1984. Since then, LRCX stock has risen by -, with an average of 0.00% per year. An investment of $1,000USD on the IPO would worth $inf nowadays.

    1: Adjusted price after possible price splits or reverse-splits

    LRCX stock price history chart

    Price target for Lam Research stock

    How much a stock will be priced tomorrow or next week is quite unpredictable. Banks and financial organisations publish their analysis predicting how a particular stock will performance in the future.

    Along with buy or sell recommendations, financial institutions post their price forecasts based on the stock price action and the company fundamental data. Most of these estimates follow the publication of new fundamental data by the company, and usually. If you are a small trader you should not trade based on these price targets.

    There are 19 price predictions issued for Lam Research that average $729.84. Lam Research closed at $602.99 last Friday, so the target price is expecting a growth by 21.04%.

    Lam Research stock price predictions
    Brokerage firmPrice target
    Apr 20th, 2021
    Cowen $585.00$700.00
    Apr 21st, 2021
    Argus $625.00$725.00
    Apr 22nd, 2021
    B. Riley $800.00$815.00
    Barclays $600.00$700.00
    Credit Suisse Group $650.00$750.00
    Deutsche Bank Aktiengesellschaft $575.00$680.00
    KeyCorp $583.00$755.00
    Mizuho $575.00$705.00
    Morgan Stanley $568.00$726.00
    Stifel Nicolaus $740.00$780.00
    UBS Group $590.00$725.00
    Wells Fargo & Company $645.00$690.00
    Apr 23rd, 2021
    DA Davidson $615.00$725.00
    Apr 28th, 2021
    Barclays $600.00$700.00
    KeyCorp $583.00$755.00
    Mizuho $575.00$705.00
    Morgan Stanley $568.00$726.00
    Stifel Nicolaus $740.00$780.00
    UBS Group $590.00$725.00

    Earnings and financials

    Lam Research Corporation ($LRCX) released quarterly earnings of $7.49 per share in mid-April, upping the Market consensus estimate of $6.60 per share. This quarterly report represents an earnings surprise of 13.48%. Turnover was $3.8 billion in contrast to $3.7 billion predicted by market consensus.

    Compared to the same quarter one year ago, EPS was $3.98, so posted EPS is a increase of 88.19%. Revenue exploded a 53.68% on an annualized basis in the , from $25.0B to $38.5B last quarter.

    Lam Research ($LRCX) is posting financial report next July. Market analysts analysts estimate of $7.55, that is a 0.80% higher than Q3.

    Lam Research competitors

    Lam Research is part of the Semiconductor Equipment & Materials industry, where it has industry peers.

    The following are Lam Research biggest competitors:

    Lam Research competitors
    CompanyMarket capRatingBullish ratings1
    Lam Research ($LRCX) $78.3B Buy 16
    Applied Materials ($AMAT) $105.5B Strong buy 1
    KLA-Tencor ($KLAC) $47.3B Buy 4
    Axcelis Technologies (ACLS) $1.2B Strong buy 3
    Veeco Instruments (VECO) $1.1B Buy 3
    Amtech Systems (ASYS) $170.4M Neutral 0
    CVD Equipment (CVV) $26.9M Neutral 0

    1 In the last 30 days.

    Lam Research performance

    To better understand Lam Research stock performance you must compare its gains with other related stocks in same sector or industry.. For Lam Research, the benchmark is made against Applied Materials, KLA-Tencor, Axcelis Technologies, Veeco Instruments, Amtech Systems and CVD Equipment.

    LRCX performance compared
    Company1m3m6m
    Lam Research ($LRCX) -7.30% 2.50% 42.60%
    Applied Materials ($AMAT) -6.50% 5.50% 77.00%
    KLA-Tencor ($KLAC) -9.60% -7.50% 31.30%
    Axcelis Technologies (ACLS) -11.90% -3.70% 53.00%
    Veeco Instruments (VECO) 3.80% -2.30% 45.40%
    Amtech Systems (ASYS) -16.10% -18.20% 72.10%
    CVD Equipment (CVV) 0.00% -38.00% -15.50%

    Important:
    The viewpoints written in this post are personal and should not be followed as recommendations for you to buy or sell shares. The author of this document does not have an understanding of the particular conditions of the reader, his or her own financial statements or his or her own best interests at any given time. All users should speak with their financial advisor before buying or selling any securities Thoughts are expressed for educative reasons only

    Lam Research summary

    Friday, May 14th, 2021
    Open$596
    Close$602.99
    Day range$578 - $609.43
    Previous close$584.73
    Session gain3.12%
    Average true range$26.35
    50d mov avg$597.73
    100d mov avg$564.25
    200d mov avg$471.91
    Earnings dateJuly 28th, 2021

    Frequently asked questions

    What is Lam Research stock symbol?

    Lam Research Corporation is a public company trading in the US stock market with the LRCX symbol

    Is Lam Research stock a buy or sell?

    Lam Research received 19 ratings in the last 30 days: 16 bullish, 0 bearish and 2 neutral.

    Will LRCX go up?

    Lam Research had different price predictions posted by market analysts in the last month setting the target price to $729.84. That is a 21.04% than the current price ($602.99).