2024-05-21 17:26:42 ET
Summary
- Lam Research's share price has priced in the recovery in the semiconductor sector, making the risk/reward unappealing.
- The company's performance in 2023 saw steep revenue declines, but there are signs of a bottom and a pickup in demand.
- The recent stock split announcement and share buyback indicate the company's confidence in future growth, but the high share price may lead to profit taking.
Introduction
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For further details see:
Lam Research: Stock Split Is A Sign Of Confidence, But I'm Not Buying It