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Symbol LRCX
Name Lam Research Corporation
Currency USD
Sector Information Technology
IndustryGroup Semiconductors & Semiconductor Equipment
Industry Semiconductors & Semiconductor Equipment
Market NASDAQ Global Select
Country United States
State CA
City Fremont
Zipcode 94538
Website http://www.lamresearch.com
Lam Research Corporation has received a buy rating from UBS. The company focuses on integrated circuit manufacturing equipment for the semiconductor industry, with net sales comprising 59.9% from product sales and 40.1% from support services. Geographically, 42.2% of sales come from China, followed by Korea (19.3%), Taiwan (11.2%), Japan (10%), the United States (7.4%), Asia (5.2%), and Europe (4.7%).
On October 15, major semiconductor stocks faced a significant selloff, with ASML plunging over 16% after disappointing guidance, marking its worst day since the pandemic. Other notable declines included KLAC down 15% and LRCX and AMAT both falling 11%. Despite this, leading semiconductors like NVDA, TSM, and AVGO held relatively steady, resulting in only a 5% drop in major semiconductor ETFs, while broader indices experienced losses between 0.7% and 1.4%.

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