Lam Research · Tech
LRCX
$313.30
Lam Research Corporation is an American supplier of wafer-fabrication equipment and related services to the semiconductor industry. Its products are used primarily in front-end wafer processing, which involves the steps that create the active components of semiconductor devices and their...泛林集团是一家美国半导体行业晶圆制造设备及相关服务供应商。其产品主要用于前端晶圆加工，包括创建半导体器件有源组件及其互连的工艺流程。
Broken growth成长受损
Mega cap超大盘
$392B
Engine stance引擎立场2026-07-20
Extended — don't chase; wait for a pullback过度拉升 — 勿追高；等待回撤
A cycle low is due in roughly ~0–2 trading days — watch for the turn, don't front-run it.周期低点预计在约 ~0–2 个交易日内出现——等待转向，切勿抢跑。
Price Chart价格图表
Key Statistics关键统计
Price价格
$313.30
27.7% below 52-week high低于52周高点 27.7%
Market Cap市值
$392B
Normal volume正常成交量
Forward P/E预测市盈率
38.8x
Beta贝塔
3.07
Moves about 3.1x the market波动幅度约为市场的 3.1 倍
Dividend Yield股息收益率
0.33%
RSI (14)RSI（14）
42
Neutral zone中性区域
Next Earnings下次财报
2026-07-29 (10d)
Volatility Rank波动率分位
96th pctile
hist. vol. percentile历史波动率分位数
Short Interest空头兴趣
2.3% of float
Performance价格表现
| Period周期 | LRCX | S&P 500 | vs Index对比指数 |
|---|---|---|---|
| 1 Week近1周 | -10.6% | -1.5% | Lagged the index by 9.1 points落后指数 9.1 个百分点 |
| 1 Month近1月 | -16.3% | +0.6% | Lagged the index by 16.9 points落后指数 16.9 个百分点 |
| 3 Months近3月 | +17.1% | +4.7% | Beat the index by 12.4 points跑赢指数 12.4 个百分点 |
| 6 Months近6月 | +40.7% | +7.8% | Beat the index by 32.9 points跑赢指数 32.9 个百分点 |
| Year to date年初至今 | +69.5% | +9.1% | Beat the index by 60.4 points跑赢指数 60.4 个百分点 |
| 1 Year近1年 | +212.3% | +19.4% | Beat the index by 192.9 points跑赢指数 192.9 个百分点 |
| 3 Years近3年 | +390.3% | +69.4% | Beat the index by 320.9 points跑赢指数 320.9 个百分点 |
| 5 Years近5年 | +460.4% | +83.9% | Beat the index by 376.5 points跑赢指数 376.5 个百分点 |
Technicals技术面
Active signals活跃信号
Long-term Rising Trend1-Day Return (cross-sectional rank → top/bottom gainers)Insider Power (0–100) — quality-weighted Form-4 open-market trades (role × size × recency); 50 = neutralInsider Sell signal — fires when Insider Power ≤ 40 (net selling on quality-weighted basis)
RSI (14)RSI（14）
42
Neutral zone中性区域
vs 50-day相对50日均线
-6.8% vs 50-day avg
vs 200-day相对200日均线
+34.4% vs 200-day avg
Trend strength (ADX)趋势强度（ADX）
17
No clear trend无明显趋势
Volatility rank波动率分位
96th percentile 分位
Engine reference levels — not advice引擎参考水平 — 非投资建议
Buy zone买入区间
$289.65
Don't chase above不追高于
$313.30
Stop止损
$313.30
Watch — a low is approaching观察 — 低点临近
Earnings财务业绩
10
days until next report天后公布财报
2026-07-29
Estimates being raised — 6 analysts预期上调 — 6 位分析师
Post-earnings drift: +8.6% (20d)财报后漂移：+8.6%（20日）
Earnings call transcripts — coming soon财报电话会议记录 — 即将上线
Valuation估值
| Multiple指标 | LRCX | Sector median行业中位 | Cheaper than相对便宜 |
|---|---|---|---|
| P/E (forward)市盈率（预测） | 38.8x | — | — |
| P/B市净率 | 38.64x | 5.85 | 5% |
| FCF yield自由现金流收益率 | 1.38% | 3.05 | 26% |
| EV/EBITDA企业价值/EBITDA | 62.04x | 29.30 | 22% |
| P/FCF市值/自由现金流 | 72.40x | 30.46 | 19% |
Analyst price targets — coming soon分析师目标价 — 即将上线
Financials财务数据
Revenue营业收入
5yr CAGR5年复合增速: 12.9%
Earnings Per Share每股收益
5yr CAGR5年复合增速: -22.8%
Free Cash Flow自由现金流
Margins利润率
Leverage杠杆
| Net debt / EBITDA净债务/EBITDA | -0.31 |
| Current ratio流动比率 | 2.21 |
Capital Allocation资本配置
| Buybacks (TTM)回购（TTM） | $3.4B |
| Stock-based comp股权薪酬 | $343.4M |
| Share count change (1y)股数变化（1年） | -2.6% |
Piotroski皮奥特罗斯基 7/9
Altman Z阿尔特曼Z: safe (24.6)
Watch关注
Snapshot Gauges综合指标
Valuation vs Sector估值相对行业
Expensive vs sector相对行业偏贵
Cheaper than 18% of its sector on blended multiples综合估值倍数低于行业内 18% 的公司
Beta市场敏感度
3.07×
0.21×3×
Moves about 3.1× the market波动幅度约为市场的 3.1 倍
Financial Health财务健康
7/9
Altman阿尔特曼: safe
Strong financial health财务健康状况良好
Dividend分红
0.33%
Pays a dividend (0.33% yield)有分红（收益率 0.33%）
Why Is It Moving为何波动
Sector / Theme行业/主题
Technology (Equal-Weight) theme — #23 of 46 themes「信息技术（等权）」主题 — 46 个主题中第 23 位
Macro宏观
Rate risk runs through its market / growth beta, not a distinct duration leg.其利率风险通过市场／成长beta体现，并无独立的久期暴露。
Positioning持仓
Insider cluster activity内部人集中交易
Technical技术面
LRCX daily MACD crossed downLRCX 日线MACD下穿
Options Positioning期权持仓
Market makers are net short gamma — price moves may amplify做市商净持有负伽玛，价格波动可能被放大
Expected daily move预期日波动
±6.18%
Expected weekly move预期周波动
±13.81%
Call wall看涨密集区
$335
Put wall看跌密集区
$290
25d risk reversal25d风险逆转
-9.0%
Flow资金流向
$226M premium traded; 0% 0DTE; 67 fresh positions; P/C 1.39; ~leans bearish/hedging (direction approx)成交权利金 $226M；0DTE占0%；67个新建仓；看跌看涨比 1.39；≈偏看跌/对冲（方向近似）
Skew: 偏斜：fear
Ownership & Smart Money持仓与聪明钱
Insider activity内部人员活动: -$71.3M net (0 buyers, 6 sellers)-$71.3M 净值（0 买家，6 卖家）
Concentrated ownership集中持仓
| Fund基金 | Grade评级 | Activity动作 | % of portfolio组合占比 | As of截至 |
|---|---|---|---|---|
| Whale Rock Capital | A | New position新建仓 | 2.6% | 2026-03-31 |
| Polen Capital Management | B | New position新建仓 | 1.6% | 2026-03-31 |
| Third Point (Loeb) | B | New position新建仓 | 0.8% | 2026-03-31 |
| Coatue Management | A | Holding持有 | 7.4% | 2026-03-31 |
| Tiger Global (Coleman) | B | Holding持有 | 3.6% | 2026-03-31 |
| Appaloosa (Tepper) | A | Holding持有 | 1.4% | 2026-03-31 |
Signal History信号历史
BOTTOM WATCH
NEARING A LOW
Jul 2, 2026
LRCX daily MACD crossed downLRCX 日线MACD下穿
The daily MACD histogram turned negative — fast and noisy, context rather than a standalone trigger. $351.41.日线MACD柱状图转负 — 快速且嘈杂，仅作背景。$351.41。
Jul 1, 2026
NEARING A HIGH → BOTTOMING接近高点 → 筑底中
BUY SETUP买入预备
Jun 29, 2026
BOTTOMING → NEARING A HIGH筑底中 → 接近高点
TAKE PROFITS止盈
Jun 29, 2026
LRCX made a new 52-week highLRCX 创52周新高
Price reached a fresh 52-week high — a momentum / trend extreme the whole market watches. $410.91.价格创出52周新高 — 全市场关注的动量/趋势极值。$410.91。
Jun 26, 2026
NEARING A HIGH → BOTTOMING接近高点 → 筑底中
BUY SETUP买入预备
Jun 22, 2026
LRCX RSI reached overboughtLRCX RSI进入超买
RSI(14) crossed above 70 — stretched to the upside; context, not a timing trigger alone. $409.54.RSI(14)上穿70 — 上行过度；仅作背景，单独不构成择时。$409.54。
Jun 18, 2026
LRCX made a new 52-week highLRCX 创52周新高
Price reached a fresh 52-week high — a momentum / trend extreme the whole market watches. $389.04.价格创出52周新高 — 全市场关注的动量/趋势极值。$389.04。
Jun 17, 2026
BOTTOMING → NEARING A HIGH筑底中 → 接近高点
TAKE PROFITS止盈
Showing last 15 of显示最近15条，共 3541 signals条信号
Factor Profile因子特征
Composite factor score综合因子得分: -0.68
Value价值
-2.5
Quality质量
+1.1
Investment资本投入
+0.0
Low volatility低波动
-1.4
Low market beta低市场敏感度
-3.0
Short interest空头兴趣
+1.1
Company Profile公司档案
Lam Research Corporation is an American supplier of wafer-fabrication equipment and related services to the semiconductor industry. Its products are used primarily in front-end wafer processing, which involves the steps that create the active components of semiconductor devices and their...泛林集团是一家美国半导体行业晶圆制造设备及相关服务供应商。其产品主要用于前端晶圆加工，包括创建半导体器件有源组件及其互连的工艺流程。
Demand chain:需求链： Hyperscaler capex accelerating (+69% YoY to ~$379B) — the demand pool for wafer-fab equipment (one step back, longer lead)云厂商资本开支加速（同比+69%，约 $379B）——晶圆制造设备（上游一环，前置更长）的需求来源
Watch items — what could change the thesis关注项 — 可能改变论点的因素
- Receivables stretch
- Capital intensity rising
Get the full picture获取完整视图
Nightly signals, options flow, and factor analysis across all S&P 500 names.每日更新的信号、期权资金流向和因子分析，覆盖所有标普500成分股。