Nomura: Take Advantage of Lam’s Pullback

Lam Research Corp (LRCX)
Technology | Electronics
188.50  -0.32%
Lam Research Corp (LRCX)
Technology | Electronics
188.50  -0.32%

Noting the pullback in Lam’s share price, Nomura analyst Romit Shah has upgraded the stock to Buy from Neutral. According to Shah, Lam is poised to benefit from repatriation tax relief. Repatriated cash could be used to repurchase up to $6 billion worth of stock. Its core business should continue perform well in 2018 with strong memory fundamentals, too.

tickrzbot assigns Lam with an overall tickrz MFM rank of A. Full factor rankings:

LAM RESEARCH CORP FACTOR RANKINGS
TICKRZ MFM RANK A / 31PURE VALUE RANKB / 223
DIVIDEND RANKC / 233MOAT RANKA / 40
FINANCIAL STRENGTH RANKA / 7GROWTH RANKA / 75
MOMENTUM RANKA / 13
FACTOR RANKINGS
TICKRZ MFM RANK A / 31
PURE VALUE RANKB / 223
DIVIDEND RANKC / 233
MOAT RANKA / 40
FINANCIAL STRENGTH RANKA / 7
GROWTH RANKA / 75
MOMENTUM RANKA / 13
Lam’s Moat rank is 39th due to its expanding net margins and growing earnings:


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