Resources

Valens Equities Weekly Equity Idea Highlight for December 7, 2016 – Lam Research Corporation

December 9, 2016

This week the Valens Securities team highlights our most interesting equity insight from across our tools and our analysis.

Lam Research Corporation (LRCX): Market expectation are for a negative cycle, but LRCX’s strong execution, industry tailwinds, and management confidence about their business and industry spell reasons for equity upside

LRCX currently trades at a very inexpensive 9.2x UAFRS adjusted P/E (V/E’). At these levels, the company is trading at the bottom end of the Semiconductor Equipment segment’s V/E’. The market clearly appears to be pricing in a negative cycle for LRCX in the near-term. However, there are several reasons that the market expectation is incorrect and too pessimistic.

Click here to read the article in its entirety.

    Please enter your name and email address below so that we can keep you apprised on future Valens Equities Weekly Equity Idea Highlights.

    © 2023 Valens Research. All rights reserved.  Contact Us | Disclaimer | Terms of Use | Privacy Policy

    You don’t have access to the Valens Research Premium Application.

    To get access to our best content including the highly regarded Conviction Long List and Market Phase Cycle macro newsletter, please contact our Client Relations Team at 630-841-0683 or email client.relations@valens-research.com.

    Please fill out the fields below so that our client relations team can contact you

    Or contact our Client Relationship Team at 630-841-0683