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LRCX

Lam Research

$158.62

19.38 (13.92%)

10:20
01/24/19
01/24
10:20
01/24/19
10:20

Active trading in Lam Research weekly calls as shares surge on earnings

Active trading in Lam Research weekly calls as shares surge on earnings. The stock up 13.5% to $158.19 and an impressive print shortly after the opening bell is a sweep of 1.4K Jan 25th 150 calls for $4.25 when the stock was near $153. 2.2K trade against 508 open interest and the calls now fetch $8.15, suggesting a quick $500K profit on the 1.4K lot. 2.7K Jan 25th 155 calls and 1.6K Jan 25th 160 calls also changed hands. Total volume is 2X daily average at 15K calls and 7K puts. 62% of the activity is in the expiring-tomorrow Jan 25th term.

  • 25

    Mar

LRCX Lam Research
$158.62

19.38 (13.92%)

01/23/19
SBSH
01/23/19
NO CHANGE
SBSH
Citi moves Lam Research to top pick in Semiconductor Capital Equipment
Citi analyst Atif Malik lowered his 2019 wafer-fab equipment spend estimate to $40B, or down 22% year-over-year, versus his prior $44B to reflect weak Korea memory spending. The analyst also moved Lam Research (LRCX) to his number one pick and Applied Materials (AMAT) to number two. Previous top pick KLA-Tencor (KLAC) moves down to number three to reflect "prior stock performance into and out of memory downturns." Among smaller caps, the analyst moves Brooks Automation (BRKS) up to his top pick "due to the strength of the life sciences portfolio which should bring stability to top line relative to semi peers." Malik thinks Semiconductor Capital Equipment group returns look attractive "with the rationale to buy and hold long-term."
01/24/19
KEYB
01/24/19
NO CHANGE
Target $223
KEYB
Overweight
Lam Research price target lowered to $223 from $231 at KeyBanc
KeyBanc analyst Weston Twigg lowered his price target for Lam Research to $223 from $231 to reflect near-term headwinds. Nonetheless, the analyst reiterates an Overweight rating on the shares after the company posted strong results and relatively good guidance in the face of deteriorating semiconductor conditions, again showing its strong market position, solid execution, and expanding installed base business.
01/24/19
RILY
01/24/19
NO CHANGE
Target $170
RILY
Buy
Lam Research price target raised to $170 from $160 at B. Riley FBR
B. Riley FBR analyst Craig Ellis raised his price target for Lam Research to $170 after the company's fiscal Q2 results topped his estimates. He keeps a Neutral rating on the shares.
01/24/19
01/24/19
NO CHANGE
Target $150

Lynx says Lam Research wiped out expectation for second half memory inflection
Lynx Equity Strategies analysts Jahanara Nissar and KC Rajkumar said they believe the most significant phrase from Lam Research's earnings call yesterday was "there is no significant recovery in memory spending throughout 2019," adding that Lam's incoming CEO Tim Archer "firmly wiped away" the market's previously held expectation that memory spending would inflect upwards in 2H19. Calendar year 2019 WFE expectations were lowered to $40B-$42B from the "$48B-ish level implied at the previous earnings call," which is below the consensus range of $42B-$45B, Nissar and Rajkumar noted. They view Lam Research shares as fairly valued at current levels and keep a $150 price valuation on the stock following the company's quarterly report.

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LXRX

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  • 16

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Regions Financial put volume heavy and directionally bearish »

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  • 18

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FCAU

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GG

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  • 11

    Apr

FCAU

Fiat Chrysler

$14.58

-0.43 (-2.86%)

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Fiat Chrysler call volume above normal and directionally bullish »

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LXRX

Lexicon

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PDLB

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$NSD

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SNI

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$NYE

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AMN

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  • 26

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W

Wayfair

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14:15
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DJX

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AMED

Amedisys

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  • 28

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NEM

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$34.57

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$10.71

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AGO

Assured Guaranty

$45.19

-0.14 (-0.31%)

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  • 28

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