Morgan Stanley has downgraded Lam Research Corp (LRCX) to Underweight from Equal-Weight, effective September 1, 2025. This decision underscores a shift in sentiment regarding the company's outlook amid potential competitive pressures and market conditions that may affect performance.
Headquartered in Fremont, California, Lam Research Corp engages in the design, manufacture, and provision of semiconductor processing equipment used in the fabrication of integrated circuits. The company serves a diverse range of customers, including semiconductor memory, foundries, and integrated device manufacturers. Lam Research's products are essential for various electronic devices, from mobile phones to automotive vehicles.
As of the latest financial snapshot, Lam Research boasts a market capitalisation of $186.9 billion, a P/E ratio of 32.17, and an EPS of 4.54. The current share price stands at $140.53. Upcoming earnings are anticipated on July 28, 2026, with an estimated EPS of $1.25 and revenue of $5.5 billion.
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