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Lam Research

Lam Research is one of the largest semiconductor wafer fabrication equipment manufacturers in the world. It specializes in deposition and etch, which entail the buildup of layers on a semiconductor and the subsequent selective removal of patterns from each layer. Lam holds the top market share in etch and holds the clear second share in deposition. It is more exposed to memory chipmakers for DRAM and NAND chips. It counts as top customers the largest chipmakers in the world, including TSMC, Samsung, Intel, and Micron.

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Viking Fund Management 13F Shows Increased Stake In Broadcom From 16,510 To 162,100 Shares; Xcel Energy From 122,400 To 162,400 Shares; Chevron From 58,000 To 70,000 Shares; Starbucks From 87,000 To 105,000 Shares; Lam Research From 4,000 To 10,000 Shares; Pfizer From 286,000 To 344,000 Shares; Targa Resources From 81,000 To 60,000 Shares; Kinder Morgan From 50,000 To 75,000 Shares

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. 
Here's the list of options activity happening in today's session: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>NVDA</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$149.00</td>
<td>$25.6K</td>
<td>37.8K</td>
<td>114.6K</td>
</tr>
<tr>
<td>AAPL</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$227.50</td>
<td>$56.3K</td>
<td>4.2K</td>
<td>9.3K</td>
</tr>
<tr>
<td>ENPH</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$62.00</td>
<td>$83.6K</td>
<td>891</td>
<td>2.2K</td>
</tr>
<tr>
<td>IREN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$8.00</td>
<td>$74.0K</td>
<td>4.3K</td>
<td>1.2K</td>
</tr>
<tr>
<td>SMCI</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$64.00</td>
<td>$32.1K</td>
<td>2.9K</td>
<td>376</td>
</tr>
<tr>
<td>AVGO</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$170.00</td>
<td>$37.5K</td>
<td>5.7K</td>
<td>356</td>
</tr>
<tr>
<td>TSM</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>02/21/25</td>
<td>$190.00</td>
<td>$25.8K</td>
<td>1.2K</td>
<td>278</td>
</tr>
<tr>
<td>CIFR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$3.00</td>
<td>$72.1K</td>
<td>1.7K</td>
<td>230</td>
</tr>
<tr>
<td>CSCO</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$53.00</td>
<td>$36.0K</td>
<td>221</td>
<td>215</td>
</tr>
<tr>
<td>LRCX</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$75.00</td>
<td>$33.8K</td>
<td>861</td>
<td>192</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• Regarding NVDA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), we observe a call option trade with bearish sentiment. It expires in 1 day(s) on November 15, 2024. Parties traded 400 contract(s) at a $149.00 strike. The total cost received by the writing party (or parties) was $25.6K, with a price of $64.0 per contract. There were 37833 open contracts at this strike prior to today, and today 114646 contract(s) were bought and sold. 
• Regarding AAPL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), we observe a put option sweep with bearish sentiment. It expires in 1 day(s) on November 15, 2024. Parties traded 397 contract(s) at a $227.50 strike. This particular put needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $56.3K, with a price of $142.0 per contract. There were 4209 open contracts at this strike prior to today, and today 9333 contract(s) were bought and sold. 
• For ENPH (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENPH#NASDAQ">ENPH</a>), we notice a call option sweep that happens to be bullish, expiring in 1 day(s) on November 15, 2024. This event was a transfer of 836 contract(s) at a $62.00 strike. This particular call needed to be split into 58 different trades to become filled. The total cost received by the writing party (or parties) was $83.6K, with a price of $101.0 per contract. There were 891 open contracts at this strike prior to today, and today 2269 contract(s) were bought and sold. 
• For IREN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IREN#NASDAQ">IREN</a>), we notice a call option sweep that happens to be bearish, expiring in 127 day(s) on March 21, 2025. This event was a transfer of 200 contract(s) at a $8.00 strike. This particular call needed to be split into 15 different trades to become filled. The total cost received by the writing party (or parties) was $74.0K, with a price of $370.0 per contract. There were 4316 open contracts at this strike prior to today, and today 1217 contract(s) were bought and sold. 
• Regarding SMCI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>), we observe a put option trade with bullish sentiment. It expires in 36 day(s) on December 20, 2024. Parties traded 7 contract(s) at a $64.00 strike. The total cost received by the writing party (or parties) was $32.1K, with a price of $4597.0 per contract. There were 2961 open contracts at this strike prior to today, and today 376 contract(s) were bought and sold. 
• For AVGO (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>), we notice a call option sweep that happens to be bearish, expiring in 1 day(s) on November 15, 2024. This event was a transfer of 158 contract(s) at a $170.00 strike. This particular call needed to be split into 8 different trades to become filled. The total cost received by the writing party (or parties) was $37.5K, with a price of $239.0 per contract. There were 5758 open contracts at this strike prior to today, and today 356 contract(s) were bought and sold. 
• Regarding TSM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>), we observe a call option trade with bearish sentiment. It expires in 99 day(s) on February 21, 2025. Parties traded 17 contract(s) at a $190.00 strike. The total cost received by the writing party (or parties) was $25.8K, with a price of $1518.0 per contract. There were 1276 open contracts at this strike prior to today, and today 278 contract(s) were bought and sold. 
• For CIFR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CIFR#NASDAQ">CIFR</a>), we notice a call option sweep that happens to be bearish, expiring in 127 day(s) on March 21, 2025. This event was a transfer of 200 contract(s) at a $3.00 strike. This particular call needed to be split into 15 different trades to become filled. The total cost received by the writing party (or parties) was $72.1K, with a price of $365.0 per contract. There were 1726 open contracts at this strike prior to today, and today 230 contract(s) were bought and sold. 
• For CSCO (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSCO#NASDAQ">CSCO</a>), we notice a call option sweep that happens to be bearish, expiring in 1 day(s) on November 15, 2024. This event was a transfer of 70 contract(s) at a $53.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $36.0K, with a price of $515.0 per contract. There were 221 open contracts at this strike prior to today, and today 215 contract(s) were bought and sold. 
• For LRCX (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LRCX#NASDAQ">LRCX</a>), we notice a put option sweep that happens to be bullish, expiring in 64 day(s) on January 17, 2025. This event was a transfer of 72 contract(s) at a $75.00 strike. This particular put needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $33.8K, with a price of $469.0 per contract. There were 861 open contracts at this strike prior to today, and today 192 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more news on unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Options

AAPL

CIFR

CSCO

ENPH

IREN

SMCI

10 Information Technology Stocks Whale Activity In Today's Session

Deep-pocketed investors have adopted a bullish approach towards Lam Research (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LRCX#NASDAQ">LRCX</a>), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in LRCX usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 8 extraordinary options activities for Lam Research. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 37% leaning bullish and 37% bearish. Among these notable options, 2 are puts, totaling $163,980, and 6 are calls, amounting to $383,121.
<h3>What's The Price Target?</h3>
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $60.0 to $80.5 for Lam Research during the past quarter. 
<h3>Analyzing Volume &amp; Open Interest</h3>
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Lam Research's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Lam Research's substantial trades, within a strike price spectrum from $60.0 to $80.5 over the preceding 30 days.
<h3>Lam Research Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1731444479_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>LRCX</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>12/06/24</td>
<td>$3.05</td>
<td>$2.97</td>
<td>$3.03</td>
<td>$75.00</td>
<td>$121.2K</td>
<td>43</td>
<td>1.0K</td>
</tr>
<tr>
<td>LRCX</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$16.3</td>
<td>$15.5</td>
<td>$16.3</td>
<td>$60.00</td>
<td>$97.8K</td>
<td>226</td>
<td>60</td>
</tr>
<tr>
<td>LRCX</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$5.35</td>
<td>$5.3</td>
<td>$5.31</td>
<td>$75.00</td>
<td>$95.4K</td>
<td>822</td>
<td>375</td>
</tr>
<tr>
<td>LRCX</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$10.05</td>
<td>$10.05</td>
<td>$10.05</td>
<td>$75.00</td>
<td>$75.3K</td>
<td>1.5K</td>
<td>383</td>
</tr>
<tr>
<td>LRCX</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>06/20/25</td>
<td>$10.85</td>
<td>$10.55</td>
<td>$10.7</td>
<td>$75.00</td>
<td>$53.5K</td>
<td>1.5K</td>
<td>50</td>
</tr>
</tbody>
</table>

<h3>About Lam Research</h3>
Lam Research is one of the largest semiconductor wafer fabrication equipment manufacturers in the world. It specializes in deposition and etch, which entail the buildup of layers on a semiconductor and the subsequent selective removal of patterns from each layer. Lam holds the top market share in etch and holds the clear second share in deposition. It is more exposed to memory chipmakers for DRAM and NAND chips. It counts as top customers the largest chipmakers in the world, including TSMC, Samsung, Intel, and Micron.
Following our analysis of the options activities associated with Lam Research, we pivot to a closer look at the company's own performance.
<h3>Where Is Lam Research Standing Right Now?</h3>
<ul>
<li>Trading volume stands at 5,651,864, with LRCX's price down by -0.61%, positioned at $75.7.</li>
<li>RSI indicators show the stock to be is currently neutral between overbought and oversold.</li>
<li>Earnings announcement expected in 71 days.</li>
</ul>
<h3>Professional Analyst Ratings for Lam Research</h3>
5 market experts have recently issued ratings for this stock, with a consensus target price of $94.2.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; Reflecting concerns, an analyst from Cantor Fitzgerald lowers its rating to Neutral with a new price target of $100. 
&#x2A; In a cautious move, an analyst from Stifel downgraded its rating to Buy, setting a price target of $100. 
&#x2A; Maintaining their stance, an analyst from Morgan Stanley continues to hold a Equal-Weight rating for Lam Research, targeting a price of $76. 
&#x2A; An analyst from Wells Fargo persists with their Equal-Weight rating on Lam Research, maintaining a target price of $85. 
&#x2A; Reflecting concerns, an analyst from B. Riley Securities lowers its rating to Buy with a new price target of $110.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Lam Research with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

Markets

Lam Research Unusual Options Activity For November 12

Elon Musk&#8216;s fortune skyrocketed past $300 billion on Friday, fueled by a sharp rally in Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>)'s stock after Donald Trump's election as <a href="https://www.benzinga.com/markets/equities/24/11/41813356/elon-musks-net-worth-soars-by-26-5-billion-in-single-day-after-tesla-stock-surges-post-trump-vic">the 47th U.S. president.</a>
According to Forbes&#8217; Real-Time Billionaires List, Musk&#8217;s net worth reached $305 billion — distantly followed by Oracle Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NASDAQ">ORCL</a>) co-founder Larry Ellison at around $231 billion, and Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>)'s Jeff Bezos, who trails at approximately $225 billion.
Musk is now more than $100 billion richer than Meta Platform Inc.&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) CEO Mark Zuckerberg.
The electric carmaker's shares rocketed nearly 30% over the week, driving the company's market capitalization beyond the $1 trillion mark and delivering Musk a massive windfall.
Other than deriving much of his wealth from Tesla, Musk has also diversified his fortune in SpaceX, founded in 2002, which is worth nearly $210 billion based on a tender offer launched during the second half of 2024. Musk owns an estimated 42% stake.
Musk bought Twitter in a $44 billion (enterprise value) deal in 2022, although Forbes estimates that the social media company, which he renamed X, is worth nearly 70% less <a href="https://www.benzinga.com/top-stories/24/10/41603930/trump-vs-musk-djt-stock-worth-more-than-latest-x-valuation-thanks-to-2024-election-run-up">as of August 2024</a>.
Musk owns an estimated 60% of xAI, which he founded in 2023. Private investors valued the company at $24 billion in May 2024.
<figure class="wp-block-table is-style-stripes"> 
<table>
<thead>
<tr>
<th>RANK</th>
<th>NAME</th>
<th>NET WORTH</th>
</tr>
</thead>
<tbody>
<tr>
<td>1</td>
<td>Elon Musk </td>
<td>$305.5 billion</td>
</tr>
<tr>
<td>2</td>
<td>Larry Ellison </td>
<td>$230.9 billion</td>
</tr>
<tr>
<td>3</td>
<td>Jeff Bezos </td>
<td>$225.5 billion</td>
</tr>
<tr>
<td>4</td>
<td>Mark Zuckerberg </td>
<td>$203.4 billion</td>
</tr>
<tr>
<td>5</td>
<td>Bernard Arnault &amp; Family</td>
<td>$165.6 billion</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Source: Forbes Real-Time Billionaires List</figcaption></figure>
<h3 class="wp-block-heading">Why Trump's Victory Was A Big Win For Musk</h3>
Trump's stance on tariffs, specifically on vehicles imported from Europe and China, could potentially make it tougher for foreign carmakers to compete in the U.S. market — an advantage that could drive up Tesla's market share on its home turf.
A Trump presidency would likely mean the end of EV subsidies and tax credits during Tesla&#8217;s second-quarter earnings call.
The impact would be slight for Tesla and devastating for its competitors. &#8220;But long term probably actually helps Tesla, would be my guess, yes,&#8221; Musk has said.
Musk has also been <a href="https://www.benzinga.com/news/24/11/41766808/mark-cuban-congratulates-trump-musk-before-the-election-is-called-says-they-won-fair-and-square">an active political backer</a> for Trump's 2024 campaign, reportedly donating over $130 million to support his re-election efforts.
Trump&#8217;s victory speech didn't shy away from showing gratitude either. 
As Forbes highlighted, Trump took nearly 4 minutes in his first speech to praise Musk, calling him a "super genius" and highlighting Tesla's achievements, from SpaceX's rocket launches to the expanding satellite internet network.
"A star is born — Elon!" Trump declared.
Musk has expressed enthusiasm about heading a proposed Department of Government Efficiency (D.O.G.E.), where he'd lead efforts to trim wasteful spending from the federal budget. Trump touted Musk as the ideal candidate to serve as the "Secretary of Cost-Cutting," potentially overseeing an ambitious plan to slash $2 trillion in federal expenses.
<h3 class="wp-block-heading">Musk&#8217;s Wealth Outpaces 475 S&amp;P 500 Companies</h3>
To put his wealth into perspective, Musk could theoretically buy out companies in the S&amp;P 500 with valuations smaller than his own, a list as big as 474 names.
Major corporations like Chevron (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVX#NYSE">CVX</a>), valued at $287 billion, and The Coca-Cola Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KO#NYSE">KO</a>) at $276 billion, are now "within reach" for Musk's personal fortune.
With $305 billion, Musk could also theoretically acquire three companies in the $100 billion range, like Prologis (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLD#NYSE">PLD</a>), Deere &amp; Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DE#NYSE">DE</a>) and Lam Research Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LRCX#NASDAQ">LRCX</a>), with cash to spare.
Read Next:
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<li><a href="https://www.benzinga.com/etfs/sector-etfs/24/11/41853824/sp-500-breaks-6000-points-dow-soars-above-44000-small-caps-eye-strongest-week-in-4-years-tesla-hits-1-trillion-whats-driving-markets-friday">S&amp;P 500 Breaks 6,000 Points, Dow Soars Above 44,000, Small Caps Eye Strongest Week In 4 Years, Tesla Hits $1 Trillion: What&#8217;s Driving Markets Friday?</a></li>
</ul>

Large Cap

Politics

Management

Tech

AMZN

ORCL

TSLA

Elon Musk's Wealth Tops $300 Billion As Tesla's Market Cap Soars Above $1 Trillion

<a href="https://www.nytimes.com/2024/11/08/business/economy/house-committee-china-semiconductor-manufacturing.html" title="https://www.nytimes.com/2024/11/08/business/economy/house-committee-china-semiconductor-manufacturing.html">https://www.nytimes.com/2024/11/08/business/economy/house-committee-china-semiconductor-manufacturing.html</a>

AMAT

ASML

Reported Earlier, U.S. Lawmakers Seek Details On China Sales From Top Semiconductor Equipment Makers, Including KLA, Applied Materials, Lam Research, Tokyo Electron, And ASML

Legal

Global

ASML, Tokyo Electron Queried By U.S. Lawmakers On Sales To China

In today's fast-paced and competitive business landscape, it is essential for investors and industry enthusiasts to thoroughly analyze companies before making investment decisions. In this article, we will conduct a comprehensive industry comparison, evaluating Lam Research (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LRCX#NASDAQ">LRCX</a>) against its key competitors in the Semiconductors &amp; Semiconductor Equipment industry. By examining key financial metrics, market position, and growth prospects, we aim to provide valuable insights for investors and shed light on company's performance within the industry.
<h3>Lam Research Background</h3>
Lam Research is one of the largest semiconductor wafer fabrication equipment manufacturers in the world. It specializes in deposition and etch, which entail the buildup of layers on a semiconductor and the subsequent selective removal of patterns from each layer. Lam holds the top market share in etch and holds the clear second share in deposition. It is more exposed to memory chipmakers for DRAM and NAND chips. It counts as top customers the largest chipmakers in the world, including TSMC, Samsung, Intel, and Micron.
<table>
<thead>
<tr>
<th>Company</th>
<th>P/E</th>
<th>P/B</th>
<th>P/S</th>
<th>ROE</th>
<th>EBITDA (in billions)</th>
<th>Gross Profit (in billions)</th>
<th>Revenue Growth</th>
</tr>
</thead>
<tbody>
<tr>
<td>Lam Research Corp</td>
<td>24.72</td>
<td>11.60</td>
<td>6.43</td>
<td>13.13%</td>
<td>$1.43</td>
<td>$2.0</td>
<td>19.7%</td>
</tr>
<tr>
<td>ASML Holding NV</td>
<td>35.35</td>
<td>15.14</td>
<td>9.34</td>
<td>13.46%</td>
<td>$2.68</td>
<td>$3.79</td>
<td>11.9%</td>
</tr>
<tr>
<td>Applied Materials Inc</td>
<td>20.95</td>
<td>8.16</td>
<td>5.81</td>
<td>9.21%</td>
<td>$2.12</td>
<td>$3.21</td>
<td>5.49%</td>
</tr>
<tr>
<td>KLA Corp</td>
<td>30.64</td>
<td>25.19</td>
<td>8.86</td>
<td>27.3%</td>
<td>$1.26</td>
<td>$1.69</td>
<td>18.55%</td>
</tr>
<tr>
<td>Teradyne Inc</td>
<td>33.58</td>
<td>5.92</td>
<td>6.28</td>
<td>5.17%</td>
<td>$0.19</td>
<td>$0.44</td>
<td>4.77%</td>
</tr>
<tr>
<td>Entegris Inc</td>
<td>68.29</td>
<td>4.33</td>
<td>4.88</td>
<td>2.19%</td>
<td>$0.23</td>
<td>$0.37</td>
<td>-9.07%</td>
</tr>
<tr>
<td>Enphase Energy Inc</td>
<td>195.52</td>
<td>13.05</td>
<td>9.83</td>
<td>5.04%</td>
<td>$0.07</td>
<td>$0.18</td>
<td>-30.89%</td>
</tr>
<tr>
<td>Onto Innovation Inc</td>
<td>46.95</td>
<td>4.51</td>
<td>9.15</td>
<td>2.84%</td>
<td>$0.07</td>
<td>$0.14</td>
<td>21.73%</td>
</tr>
<tr>
<td>MKS Instruments Inc</td>
<td>672.93</td>
<td>3.04</td>
<td>1.89</td>
<td>0.99%</td>
<td>$0.19</td>
<td>$0.42</td>
<td>-11.57%</td>
</tr>
<tr>
<td>Amkor Technology Inc</td>
<td>17.79</td>
<td>1.56</td>
<td>1.01</td>
<td>2.98%</td>
<td>$0.31</td>
<td>$0.27</td>
<td>2.18%</td>
</tr>
<tr>
<td>FormFactor Inc</td>
<td>22.68</td>
<td>3.18</td>
<td>4.16</td>
<td>1.97%</td>
<td>$0.02</td>
<td>$0.09</td>
<td>5.29%</td>
</tr>
<tr>
<td>Axcelis Technologies Inc</td>
<td>11.78</td>
<td>2.98</td>
<td>2.54</td>
<td>5.54%</td>
<td>$0.06</td>
<td>$0.11</td>
<td>-6.37%</td>
</tr>
<tr>
<td>Veeco Instruments Inc</td>
<td>19.05</td>
<td>2.31</td>
<td>2.44</td>
<td>2.2%</td>
<td>$0.03</td>
<td>$0.08</td>
<td>8.81%</td>
</tr>
<tr>
<td>Ultra Clean Holdings Inc</td>
<td>514.86</td>
<td>1.89</td>
<td>0.82</td>
<td>-0.27%</td>
<td>$0.04</td>
<td>$0.09</td>
<td>24.23%</td>
</tr>
<tr>
<td>Photronics Inc</td>
<td>10.57</td>
<td>1.42</td>
<td>1.71</td>
<td>3.27%</td>
<td>$0.08</td>
<td>$0.08</td>
<td>-5.9%</td>
</tr>
<tr>
<td>ACM Research Inc</td>
<td>14.54</td>
<td>1.36</td>
<td>1.72</td>
<td>2.97%</td>
<td>$0.04</td>
<td>$0.1</td>
<td>40.05%</td>
</tr>
<tr>
<td>Aehr Test Systems</td>
<td>12.36</td>
<td>2.93</td>
<td>6.11</td>
<td>0.56%</td>
<td>$0.0</td>
<td>$0.01</td>
<td>-36.39%</td>
</tr>
<tr>
<td>inTest Corp</td>
<td>33.18</td>
<td>0.90</td>
<td>0.73</td>
<td>0.5%</td>
<td>$0.0</td>
<td>$0.01</td>
<td>-10.94%</td>
</tr>
<tr>
<td>Average</td>
<td>103.59</td>
<td>5.76</td>
<td>4.55</td>
<td>5.05%</td>
<td>$0.43</td>
<td>$0.65</td>
<td>1.87%</td>
</tr>
</tbody>
</table>
<style>
 table {
 width: 100%;
 border-collapse: collapse;
 font-family: Arial, sans-serif;
 font-size: 14px;
 }

 th, td {
 padding: 8px;
 text-align: left;
 }

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 background-color: #293a5a;
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 text-align: left;
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 .dividend-frequency {
 font-size: 12px;
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 }
 </style>By thoroughly analyzing Lam Research, we can discern the following trends: 
<ul>
<li>
The Price to Earnings ratio of 24.72 is 0.24x lower than the industry average, indicating potential undervaluation for the stock.
</li>
<li>
It could be trading at a premium in relation to its book value, as indicated by its Price to Book ratio of 11.6 which exceeds the industry average by 2.01x.
</li>
<li>
The Price to Sales ratio of 6.43, which is 1.41x the industry average, suggests the stock could potentially be overvalued in relation to its sales performance compared to its peers.
</li>
<li>
The Return on Equity (ROE) of 13.13% is 8.08% above the industry average, highlighting efficient use of equity to generate profits.
</li>
<li>
The company has higher Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) of $1.43 Billion, which is 3.33x above the industry average, indicating stronger profitability and robust cash flow generation.
</li>
<li>
The gross profit of $2.0 Billion is 3.08x above that of its industry, highlighting stronger profitability and higher earnings from its core operations.
</li>
<li>
The company is experiencing remarkable revenue growth, with a rate of 19.7%, outperforming the industry average of 1.87%.
</li>
</ul>
<h3>Debt To Equity Ratio</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1730905247_0.png" alt="debt to equity" />
The debt-to-equity (D/E) ratio gauges the extent to which a company has financed its operations through debt relative to equity.
Considering the debt-to-equity ratio in industry comparisons allows for a concise evaluation of a company's financial health and risk profile, aiding in informed decision-making.
When examining Lam Research in comparison to its top 4 peers with respect to the Debt-to-Equity ratio, the following information becomes apparent:
<ul>
<li>
Lam Research exhibits a stronger financial position compared to its top 4 peers in the sector, as indicated by its lower debt-to-equity ratio of 0.59.
</li>
<li>
This suggests that the company has a more favorable balance between debt and equity, which can be seen as a positive aspect for investors.
</li>
</ul>
<h3>Key Takeaways</h3>
For Lam Research, the PE ratio is low compared to peers, indicating potential undervaluation. The high PB and PS ratios suggest strong market sentiment and revenue multiples. In terms of ROE, EBITDA, gross profit, and revenue growth, Lam Research outperforms industry peers, reflecting strong financial performance and growth prospects.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Investigating Lam Research's Standing In Semiconductors &amp; Semiconductor Equipment Industry Compared To Competitors

The U.S. semiconductor industry is intensifying efforts to exclude Chinese firms from its supply chains, following Washington&#8217;s directives to reduce China&#8217;s involvement in critical next-generation technologies.
Prominent chip equipment makers, such as Applied Materials Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMAT#NASDAQ">AMAT</a>) and Lam Research Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LRCX#NASDAQ">LRCX</a>), have informed suppliers that they must find non-Chinese alternatives for specific components or risk losing their supplier status.
This requirement also extends to barring suppliers with Chinese investors or shareholders from continuing business partnerships with these companies, the Wall Street Journal <a target="_blank" href="https://www.wsj.com/tech/u-s-chip-toolmakers-move-to-cut-china-from-supply-chains-6ad44c98?mod=latest_headlines" rel="noreferrer noopener">reports</a>.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/earnings/24/11/41715564/foxs-q1-earnings-revenue-and-eps-beat-political-ads-tubi-expansion-boosts-growth" rel="noreferrer noopener">Fox&#8217;s Q1 Earnings: Revenue And EPS Beat, Political Ads, Tubi Expansion Boosts Growth</a>
Industry experts indicate that shifting to non-Chinese suppliers will likely increase chipmakers&#8217; costs, as alternatives may be limited or more expensive.
While Lam Research confirmed that it complies with U.S. export restrictions for chip-related supply chains, Applied Materials highlighted its efforts to source alternative components to ensure stable supply, especially as China remains one of its biggest markets.
The U.S. government has tightened its stance on Chinese imports, with both leading presidential candidates pledging stricter trade policies. The semiconductor industry is central to national security, and lawmakers have blocked China&#8217;s access to advanced chips and equipment made in U.S.-friendly regions such as Taiwan, South Korea, and Japan.
Further, recent Commerce Department rules require U.S. companies to obtain licenses before disclosing technical information to Chinese suppliers, limiting the scope of Chinese involvement in sensitive chip technology.
BofA Securities analyst Vivek Arya and Goldman Sachs analyst Toshiya Hari flagged Lam Research&#8217;s <a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41528577/lam-research-positioned-for-growth-amid-nand-recovery-and-advanced-packaging-streng" rel="noreferrer noopener">strategic positioning in</a> key tech areas, including its role in the recovering NAND market and its consistent free cash flow, as factors supporting his outlook.
Arya pointed out that while China&#8217;s share will likely stabilize at 30% by December, export control risks remain, and gains in gross and operating margins appear constrained.
Hari also noted that the market could positively perceive Lam Research&#8217;s reduced revenue share from China in the Systems business.
Needham&#8217;s Charles Shi <a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/08/40423260/applied-materials-positioned-for-2025-growth-despite-soft-china-revenue-and-light-q" rel="noreferrer noopener">highlighted a notable</a> drop in Applied Material&#8217;s China revenue to 32%, below the typical 40% industry share, which he believes could set the stock up well if China wafer fab equipment (WFE) declines into 2025.
Cantor Fitzgerald&#8217;s C.J. Muse flagged Applied Materials&#8217;s strength in Silicon revenues, leading-edge Foundry, and DRAM, alongside solid margin performance and optimistic WFE share gains for 2025.
Price Actions: At last check on Monday, AMAT stock was down 0.44% at $182.57. LRCX was down 0.70% at $74.28.
Also Read:
<ul>
<li><a href="https://www.benzinga.com/news/earnings/24/11/41714051/marriott-international-q3-earnings-china-market-weakness-drags-on-performance-adjusts-full-year-out" target="_blank" rel="noreferrer noopener">Marriott International Q3 Earnings: China Market Weakness Drags on Performance, Adjusts Full-Year Outlook</a></li>
</ul>
Photo via Shutterstock

Government

Regulations

Emerging Markets

Media

Applied Materials and Lam Research Shift Supply Chains Away from China to Meet New US Guidelines

Applied Materials, Lam Research tell vendors to follow new restrictions, spurred by U.S. government pressure &nbsp;
<a href="https://www.wsj.com/tech/u-s-chip-toolmakers-move-to-cut-china-from-supply-chains-6ad44c98?mod=latest_headlines" title="https://www.wsj.com/tech/u-s-chip-toolmakers-move-to-cut-china-from-supply-chains-6ad44c98?mod=latest_headlines">https://www.wsj.com/tech/u-s-chip-toolmakers-move-to-cut-china-from-supply-chains-6ad44c98?mod=latest_headlines</a>

'U.S. Chip Toolmakers Move to Cut China From Supply Chains' - WSJ

ENTG

NXPI

QCOM

SWKS

Shares of semiconductor stocks are trading lower. The sector may be under pressure following recent earnings from multiple companies in the sector.

Investors with a lot of money to spend have taken a bullish stance on Lam Research (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LRCX#NASDAQ">LRCX</a>).
And retail traders should know.
We noticed this today when the positions showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with LRCX, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 10 options trades for Lam Research.
This isn't normal.
The overall sentiment of these big-money traders is split between 80% bullish and 20%, bearish.
Out of all of the options we uncovered, there was 1 put, for a total amount of $94,700, and 9, calls, for a total amount of $371,955.
<h3>What's The Price Target?</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $60.0 and $95.0 for Lam Research, spanning the last three months.
<h3>Volume &amp; Open Interest Development</h3>
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Lam Research's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Lam Research's whale activity within a strike price range from $60.0 to $95.0 in the last 30 days. 
<h3>Lam Research 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1730317562_0.png" alt="Options Call Chart" />
<h3>Largest Options Trades Observed:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>LRCX</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$18.95</td>
<td>$18.85</td>
<td>$18.94</td>
<td>$95.00</td>
<td>$94.7K</td>
<td>0</td>
<td>60</td>
</tr>
<tr>
<td>LRCX</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$18.1</td>
<td>$18.1</td>
<td>$18.1</td>
<td>$60.00</td>
<td>$90.5K</td>
<td>819</td>
<td>50</td>
</tr>
<tr>
<td>LRCX</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/01/24</td>
<td>$0.97</td>
<td>$0.83</td>
<td>$0.97</td>
<td>$77.00</td>
<td>$57.9K</td>
<td>1.2K</td>
<td>604</td>
</tr>
<tr>
<td>LRCX</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/01/24</td>
<td>$0.9</td>
<td>$0.9</td>
<td>$0.9</td>
<td>$77.00</td>
<td>$54.0K</td>
<td>1.2K</td>
<td>1.2K</td>
</tr>
<tr>
<td>LRCX</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/01/24</td>
<td>$1.0</td>
<td>$0.93</td>
<td>$1.0</td>
<td>$77.00</td>
<td>$32.1K</td>
<td>1.2K</td>
<td>1.5K</td>
</tr>
</tbody>
</table>

<h3>About Lam Research</h3>
Lam Research is one of the largest semiconductor wafer fabrication equipment manufacturers in the world. It specializes in deposition and etch, which entail the buildup of layers on a semiconductor and the subsequent selective removal of patterns from each layer. Lam holds the top market share in etch and holds the clear second share in deposition. It is more exposed to memory chipmakers for DRAM and NAND chips. It counts as top customers the largest chipmakers in the world, including TSMC, Samsung, Intel, and Micron.
After a thorough review of the options trading surrounding Lam Research, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
<h3>Current Position of Lam Research</h3>
<ul>
<li>Currently trading with a volume of 5,961,816, the LRCX's price is down by -2.27%, now at $76.53. </li>
<li>RSI readings suggest the stock is currently is currently neutral between overbought and oversold.</li>
<li>Anticipated earnings release is in 84 days.</li>
</ul>
<h3>What Analysts Are Saying About Lam Research</h3>
5 market experts have recently issued ratings for this stock, with a consensus target price of $251.2.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; An analyst from Stifel has revised its rating downward to Buy, adjusting the price target to $100. 
&#x2A; An analyst from Wells Fargo persists with their Equal-Weight rating on Lam Research, maintaining a target price of $880. 
&#x2A; An analyst from Cantor Fitzgerald downgraded its action to Neutral with a price target of $100. 
&#x2A; An analyst from Needham has revised its rating downward to Buy, adjusting the price target to $100. 
&#x2A; An analyst from Morgan Stanley persists with their Equal-Weight rating on Lam Research, maintaining a target price of $76. 
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Lam Research, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

Check Out What Whales Are Doing With LRCX

LSCC

RMBS

SIMO

TSEM

Shares of chip stocks are trading lower. The sector may be under pressure after AMD and Qorvo fell on their respective earnings reports and outlook. Additionally, SMCI may be causing sector uncertainty after its independent auditor resigned.

On CNBC's &#8220;Mad Money Lightning Round,&#8221; Jim Cramer recommended buying Lam Research Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LRCX#NASDAQ">LRCX</a>). &#8220;I like it <a href="https://www.benzinga.com/news/earnings/24/10/41503326/lam-research-stock-climbs-after-better-than-expected-q1-results-details">very much here,&#8221; he added.</a>
On Oct. 23, Lam Research reported quarterly earnings of 86 cents per share, which beat the analyst consensus estimate of 80 cents. Quarterly revenue came in at $4.17 billion, which beat the analyst consensus estimate of $4.051 billion and is an increase over sales of $3.482 billion from the same period last year.
When asked about Suncor Energy Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SU#NYSE">SU</a>), he said, &#8220;No shots are being given in this industry, I can't do that.&#8221;
Suncor Energy will release its third-quarter financial results on Nov. 12.
Oklo Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OKLO#NYSE">OKLO</a>) is a &#8220;short squeeze,&#8221; Cramer said. &#8220;I'm getting tired of the short squeezes.&#8221;
The company recently announced that the U.S. Department of Energy approved a design report for its Aurora fuel fabrication facility.
&#8220;I think you're ok for now,&#8221; Cramer said when asked about Joby Aviation, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JOBY#NYSE">JOBY</a>).
On Oct. 25, Joby Aviation priced its $202 million public offering of 40 million common shares at $5.05 per share.
The &#8220;Mad Money&#8221; host said he would &#8220;avoid&#8221; QuantumScape Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/QS#NYSE">QS</a>).
On Oct. 23, QuantumScape reported a quarterly loss of 23 cents per share which met the analyst consensus estimate.
NetApp, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTAP#NASDAQ">NTAP</a>) is a &#8220;good&#8221; company, Cramer said. &#8220;I'm all in.&#8221;
On Oct. 1, NetApp reported the expansion of its strategic partnership with Google Cloud.
Price Action:
<ul>
<li>Lam Research shares fell 2.9% to settle at $75.45 on Monday.</li>
<li>Suncor Energy shares declined 1.3% to close at $38.47.</li>
<li>Oklo shares rose 28.9% to settle at $24.50 during the session.</li>
<li>Joby Aviation shares gained 2.1% to settle at $5.27 on Monday.</li>
<li>QuantumScape shares fell 8.1% to close at $5.69 during the session.</li>
<li>NetApp shares gained 0.8% to settle at $120.41 on Monday.</li>
</ul>
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/24/10/41574887/top-3-industrials-care-stocks-that-plunge-this-month">Top 3 Industrials Care Stocks That Plunge This Month</a></li>
</ul>

JOBY

NTAP

OKLO

Jim Cramer: 'Avoid' This Consumer Cyclical Stock, Buy Lam Research

Lam Research's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LRCX#NYSE">LRCX</a>) short percent of float has risen 808.0% since its last report. The company recently reported that it has 29.34 million shares sold short, which is 2.27% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.86 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Lam Research Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1730141118_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Lam Research has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Lam Research's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Lam Research's peer group average for short interest as a percentage of float is 7.03%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

(LRCX) - Analyzing Lam Research's Short Interest

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Here's the list of options activity happening in today's session: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>NVDA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/25/24</td>
<td>$142.00</td>
<td>$27.3K</td>
<td>147.0K</td>
<td>238.4K</td>
</tr>
<tr>
<td>AAPL</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/25/24</td>
<td>$232.50</td>
<td>$33.2K</td>
<td>11.8K</td>
<td>40.3K</td>
</tr>
<tr>
<td>MSTR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/25/24</td>
<td>$220.00</td>
<td>$36.6K</td>
<td>21.1K</td>
<td>18.3K</td>
</tr>
<tr>
<td>LRCX</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$96.00</td>
<td>$27.1K</td>
<td>1.1K</td>
<td>2.0K</td>
</tr>
<tr>
<td>AVGO</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>11/01/24</td>
<td>$170.00</td>
<td>$26.2K</td>
<td>3.3K</td>
<td>1.2K</td>
</tr>
<tr>
<td>DOCU</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/01/24</td>
<td>$68.00</td>
<td>$40.1K</td>
<td>67</td>
<td>900</td>
</tr>
<tr>
<td>ON</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$75.00</td>
<td>$184.9K</td>
<td>701</td>
<td>835</td>
</tr>
<tr>
<td>MU</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$115.00</td>
<td>$37.1K</td>
<td>3.3K</td>
<td>783</td>
</tr>
<tr>
<td>MARA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$20.00</td>
<td>$35.6K</td>
<td>2.5K</td>
<td>724</td>
</tr>
<tr>
<td>IONQ</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$15.00</td>
<td>$31.5K</td>
<td>3.2K</td>
<td>647</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• For NVDA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), we notice a call option sweep that happens to be bearish, is expiring today. Parties traded 225 contract(s) at a $142.00 strike. This particular call needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $27.3K, with a price of $122.0 per contract. There were 147077 open contracts at this strike prior to today, and today 238406 contract(s) were bought and sold. 
• For AAPL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), we notice a put option sweep that happens to be bullish, is expiring today. Parties traded 335 contract(s) at a $232.50 strike. This particular put needed to be split into 35 different trades to become filled. The total cost received by the writing party (or parties) was $33.2K, with a price of $99.0 per contract. There were 11862 open contracts at this strike prior to today, and today 40377 contract(s) were bought and sold. 
• For MSTR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>), we notice a call option sweep that happens to be bearish, is expiring today. Parties traded 16 contract(s) at a $220.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $36.6K, with a price of $2290.0 per contract. There were 21118 open contracts at this strike prior to today, and today 18308 contract(s) were bought and sold. 
• Regarding LRCX (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LRCX#NASDAQ">LRCX</a>), we observe a call option sweep with bullish sentiment. It expires in 84 day(s) on January 17, 2025. Parties traded 206 contract(s) at a $96.00 strike. This particular call needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $27.1K, with a price of $132.0 per contract. There were 1186 open contracts at this strike prior to today, and today 2022 contract(s) were bought and sold. 
• For AVGO (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>), we notice a put option trade that happens to be bearish, expiring in 7 day(s) on November 1, 2024. This event was a transfer of 150 contract(s) at a $170.00 strike. The total cost received by the writing party (or parties) was $26.2K, with a price of $175.0 per contract. There were 3308 open contracts at this strike prior to today, and today 1232 contract(s) were bought and sold. 
• For DOCU (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DOCU#NASDAQ">DOCU</a>), we notice a put option sweep that happens to be bearish, expiring in 7 day(s) on November 1, 2024. This event was a transfer of 893 contract(s) at a $68.00 strike. This particular put needed to be split into 46 different trades to become filled. The total cost received by the writing party (or parties) was $40.1K, with a price of $45.0 per contract. There were 67 open contracts at this strike prior to today, and today 900 contract(s) were bought and sold. 
• Regarding ON (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ON#NASDAQ">ON</a>), we observe a call option sweep with bullish sentiment. It expires in 21 day(s) on November 15, 2024. Parties traded 575 contract(s) at a $75.00 strike. This particular call needed to be split into 33 different trades to become filled. The total cost received by the writing party (or parties) was $184.9K, with a price of $325.0 per contract. There were 701 open contracts at this strike prior to today, and today 835 contract(s) were bought and sold. 
• For MU (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>), we notice a put option sweep that happens to be bearish, expiring in 238 day(s) on June 20, 2025. This event was a transfer of 21 contract(s) at a $115.00 strike. This particular put needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $37.1K, with a price of $1770.0 per contract. There were 3331 open contracts at this strike prior to today, and today 783 contract(s) were bought and sold. 
• For MARA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>), we notice a call option sweep that happens to be bearish, expiring in 238 day(s) on June 20, 2025. This event was a transfer of 75 contract(s) at a $20.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $35.6K, with a price of $475.0 per contract. There were 2529 open contracts at this strike prior to today, and today 724 contract(s) were bought and sold. 
• For IONQ (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IONQ#NYSE">IONQ</a>), we notice a call option sweep that happens to be bearish, expiring in 56 day(s) on December 20, 2024. This event was a transfer of 90 contract(s) at a $15.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $31.5K, with a price of $350.0 per contract. There were 3275 open contracts at this strike prior to today, and today 647 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

DOCU

IONQ

MARA

MSTR

Shares of semiconductor and chip stocks are trading higher. Strength may be in sympathy with Western Digital, which reported a Q1 earnings beat. Additionally, tech stocks may be up amid a drop in yields.

BofA Securities analyst Vivek Arya reiterated the Buy rating on Lam Research (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LRCX#NASDAQ">LRCX</a>), <a target="_blank" href="https://www.benzinga.com/quote/LRCX/analyst-ratings" rel="noreferrer noopener">raising the price forecast to $92 from $88.</a>
Arya expresses confidence in Lam Research&#8217;s leverage to key tech trends, its strong exposure to a NAND recovery, and solid free cash flow generation.
However, the analyst notes that while China is expected to normalize to 30% of the mix in December, ongoing risks from export controls remain, and gains in gross and operating margins appear limited.
The analyst raises the earnings estimates for 2025 and 2026 by 4% and 7%, respectively.
The analyst writes that the company&#8217;s unique portfolio will help it outperform its competitors in 2025, despite concerns about ASML Holding N.V outlook.
Also Read: <a target="_blank" href="https://www.benzinga.com//node/41358875" rel="noreferrer noopener">ASML Stock Plunges Further On Lower 2025 Sales Outlook: Analysts Break Down Semiconductor Challenges</a>
Arya notes that recent high shipments of lithography tools to China might lead to a bigger correction there, but Lam Research is less affected by this due to its strengths in advanced technologies like NAND and packaging.
Overall, Lam Research has several growth opportunities in 2025, even with potential challenges in China and delays from Intel and Samsung.
Meanwhile, Goldman Sachs analyst Toshiya Hari reiterated the Buy rating on Lam Research, lowering the price forecast to $96 from $102.50).
The analyst highlights that advancements in NAND, leading-edge foundry/logic, and DRAM will increase demand for etching and deposition, helping Lam gain market share in wafer fabrication equipment (WFE) in 2025 and beyond.
The analyst notes that while ASML lowered its 2025 revenue guidance due to weak demand in leading-edge foundry and potential declines in Chinese spending, Lam Research maintained its forecast of a mid-$90 billion WFE market for 2024.
In fact, Lam Research expects WFE spending to grow in 2025, driven by changes in NAND technology and ongoing strength in DRAM, HBM, and leading-edge foundry sectors, the analyst adds.
Hari notes, Advanced Packaging, essential for AI technology, will boost Lam Research&#8217;s performance.
Additionally, in the Systems business, China&#8217;s share of total revenue decreased to 37% in the September quarter from 42% in the March quarter and 39% in the June quarter.
Per Hari, the market will perceive the guided decline in China contribution positively, given the tendency for the market to pay a below-average multiple for revenue streams generated in China.
According to Hari, the market is likely to view the expected decline in China&#8217;s contribution positively, as it typically assigns a &#8220;below-average&#8221; multiple to revenue generated in China.
Price Action: LRCX shares are trading higher by 4.87% to $76.41 at last check Thursday.
Photo via Shutterstock
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Analyst Color

Equities

Price Target

Reiteration

Analyst Ratings

General

Lam Research Positioned For Growth Amid NAND Recovery And Advanced Packaging Strength, Analysts Highlight China Risks

Cantor Fitzgerald analyst C J Muse reiterates Lam Research (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LRCX#NASDAQ">LRCX</a>) with a Neutral and maintains $100 price target.

Cantor Fitzgerald Reiterates Neutral on Lam Research, Maintains $100 Price Target

Tech stocks outperformed on Thursday, driven by Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), which skyrocketed 18% in midday trading following stronger-than-<a href="https://www.benzinga.com/news/24/10/41515376/tesla-to-rally-more-than-24-here-are-10-top-analyst-forecasts-for-thursday">expected quarterly financial results. </a>
The electric vehicle giant is on track for its best session since March 2021.
Despite Tesla&#8217;s spectacular rally, broader market sentiment remained cautious, reflecting recent trends of subdued risk appetite.
In macroeconomic news, weekly jobless claims dropped significantly, coming in below expectations and suggesting ongoing resilience <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41517353/jobless-claims-fall-more-than-expected-continuing-benefits-surge-to-nearly-3-year-h">in the labor market. </a>
Meanwhile, private sector activity surveys revealed better-than-expected conditions in both services and manufacturing this month and a further <a href="https://www.benzinga.com/economics/macro-economic-events/24/10/41520604/us-private-sector-growth-remains-strong-in-october-price-pressures-now-consistent">reduction in price pressures. </a>
Both the S&amp;P 500 and Russell 2000 traded flat, while the Dow Jones fell 0.6%. The consumer discretionary sector led gains, heavily influenced by Tesla's stellar performance.
The U.S. dollar softened slightly, and Treasury yields edged lower, easing pressure on gold. The SPDR Gold Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLD#NYSE">GLD</a>) rose 0.6%.
Oil prices dropped 1%, heading for a second consecutive day of losses. Meanwhile, Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) gained 1.8%. 
<h3 class="wp-block-heading">Thursday&#8217;s Performance In Major US Indices, ETFs</h3>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>1-day %change</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>20,164.58</td>
<td>0.5%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>5,796.37</td>
<td>0.0%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,207.55</td>
<td>0.0% </td>
</tr>
<tr>
<td>Dow Jones</td>
<td>42,259.72</td>
<td>-0.6% </td>
</tr>
</tbody>
</table>
</figure>
According to <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent102224&amp;t=be2bearmibe3na1">Benzinga Pro</a> data:
<ul>
<li>The&nbsp;SPDR S&amp;P 500 ETF Trust&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) flattened at $577.32.</li>
<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>)&nbsp;fell 0.7% to $422.33.</li>
<li>The tech-heavy Invesco QQQ Trust Series (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) rose 0.4% to $489.81.</li>
<li>The iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) inched 0.1% down to $218.88.</li>
<li>The Consumer Discretionary Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLY#NYSE">XLY</a>) outperformed, up by 2.5%, predominately affected by Tesla. The Materials Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLB#NYSE">XLB</a>) lagged, down 1.4%.</li>
</ul>
<h3 class="wp-block-heading">Thursday&#8217;s Stock Movers</h3>
Stocks reacting to earnings results include: 
<ul>
<li>T-Mobile US Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TMUS#NASDAQ">TMUS</a>), up over 4%, </li>
<li>International Business Machines Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IBM#NYSE">IBM</a>), down over 6%,</li>
<li>ServiceNow Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOW#NYSE">NOW</a>), up over 5%,</li>
<li>Lam Research Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LRCX#NASDAQ">LRCX</a>), up 3.8%,</li>
<li>Newmont Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEM#NYSE">NEM</a>), down over 9%,</li>
<li>United Rentals Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/URI#NYSE">URI</a>), down 2%,</li>
<li>Las Vegas Sands Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LVS#NYSE">LVS</a>), up 1.3%,</li>
<li>Raymond James Financial Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RJF#NYSE">RJF</a>), up over 7%,</li>
<li>S&amp;P Global Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPGI#NYSE">SPGI</a>), down 2.4%,</li>
<li>Union Pacific Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNP#NYSE">UNP</a>), down 5%, </li>
<li>Honeywell International Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HON#NASDAQ">HON</a>), down 4.4%, </li>
<li>KKR &amp; Co. Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KKR#NYSE">KKR</a>), up 3.4%, </li>
<li>United Parcel Service Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UPS#NYSE">UPS</a>), up 5.1%, </li>
<li>Carrier Global Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CARR#NYSE">CARR</a>), down 7%, </li>
<li>Nasdaq Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NDAQ#NASDAQ">NDAQ</a>), up 1.6%, </li>
<li>Valero Energy Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VLO#NYSE">VLO</a>), up 0.7%, </li>
<li>CBRE Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CBRE#NYSE">CBRE</a>) up by over 9%, </li>
<li>Dow Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DOW#NYSE">DOW</a>), down 1.1%,</li>
</ul>
<ul>
<li>Southwest Airlines Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LUV#NYSE">LUV</a>) dropped over 3%, despite posting better-than-expected results and reaching a deal with Elliott Investment Management on the board&#8217;s composition. However, the CEO warned of potential delivery delays due to Boeing Co.&#8216;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) ongoing machinist strike.</li>
</ul>
Large-cap companies slated to report results after the close include Capital One Financial Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COF#NYSE">COF</a>), Ameriprise Financial Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMP#NYSE">AMP</a>), Edward Lifesciences Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EW#NYSE">EW</a>), ResMed Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RES#NYSE">RES</a>), DexCom Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DXCM#NASDAQ">DXCM</a>), and Deckers Outdoor Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DECK#NYSE">DECK</a>). 
Read Next:
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</ul>
Image created using artificial intelligence via MidJourney .

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NINOY

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PSTG

QLTY

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TOELY

WFCNP

Press Releases

Lam Research Appoints Ava Harter as Chief Legal Officer

Earnings

Lam Research Corporation Reports Financial Results for the Quarter Ended June 30, 2024

Lam Research Introduces Lam Cryo™ 3.0 Cryogenic Etch Technology to Accelerate Scaling of 3D NAND for the AI Era

Dividends

Lam Research Corporation Announces a 15% Increase in Quarterly Dividend

Lam Research Appoints Ita Brennan and Mark Fields to Board of Directors

Lam Research Corporation Announces Participation at Upcoming Conference

Lam Research Honors Global Suppliers with 2024 Excellence Awards

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Lam Research Corporation Reports Financial Results for the Quarter Ended September 29, 2024

Lam Research Corporation Declares Quarterly Dividend

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Aehr Test System

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