Lam Research logo

LRCX - Lam Research News Story

$608.98 -6.9  -1.1%

Last Trade - 17/09/21

Sector
Technology
Size
Large Cap
Market Cap £63.40bn
Enterprise Value £62.88bn
Revenue £10.61bn
Position in Universe 147th / 7147

BUZZ-Chip stocks rally in relief after reports from Lam, Xilinx, TI

Wed 23rd January, 2019 10:27pm
U.S. chip stocks rallying in extended trade on Wednesday after
quarterly results from Xilinx  XLNX.O , Texas Instruments
 TXN.O , Lam Research  LRCX.O  reassured investors on edge over
slow global demand and potential fallout from the U.S.-China
trade war
    ** LRCX rising 4 pct after the semiconductor manufacturing
equipment maker reported better-than-expected quarterly results
and announced a $5 bln stock buyback authorization  urn:newsml:reuters.com:*:nASB014F2
    ** XLNX jumping 8 pct after the programmable chipmaker's
quarterly results and outlook beat analysts' expectations
 urn:newsml:reuters.com:*:nASB014FM
    ** TXN up 1.7 pct after beating quarterly profit estimates
 urn:newsml:reuters.com:*:nL3N1ZN5ML
    ** Other stocks reacting after hours: Applied Materials up 2
pct, KLA-Tencor up 3 pct, Intel  INTC.O , AMD  AMD.O , Nvidia
 NVDA.O  and Broadcom  AVGO.O  all up about 1 pct
    ** Coming for chip earnings is INTC after the bell on
Thursday  urn:newsml:reuters.com:*:nL1N1ZI1P0

 ((noel.randewich@tr.com; Twitter handle: @randewich  (415) 677
2542; Reuters Messaging:
noel.randewich.thomsonreuters.com@reuters.net))
© Stockopedia 2021, Refinitiv, Share Data Services.
This site cannot substitute for professional investment advice or independent factual verification. To use it, you must accept our Terms of Use, Privacy and Disclaimer policies.