Is Now The Time To Look At Buying Lam Research Corporation (NASDAQ:LRCX)?
Is Now The Time To Look At Buying Lam Research Corporation (NASDAQ:LRCX)?
Let's talk about the popular Lam Research Corporation (NASDAQ:LRCX). The company's shares saw a significant share price rise of 21% in the past couple of months on the NASDAQGS. The company's trading levels have reached its high for the past year, following the recent bounce in the share price. As a large-cap stock with high coverage by analysts, you could assume any recent changes in the company's outlook is already priced into the stock. But what if there is still an opportunity to buy? Today we will analyse the most recent data on Lam Research's outlook and valuation to see if the opportunity still exists.
讓我們談談流行的Lam Research Corporation（NASDAQ：LRCX）。該公司的股票在過去幾個月內在NASDAQGS上出現了顯着的股價上漲，漲幅達21％。公司的交易水平已經達到了過去一年的高點，這是由於最近股價的反彈。作爲一個被分析師高度關注的大市值股票，您可以認爲公司最近的發展已經反映在股票中了。但是，如果還有機會買入呢？今天我們將分析Lam Research最近的展望和估值數據，看看是否仍有機會購買。
What Is Lam Research Worth?
Lam Research的價值是多少？
Lam Research appears to be expensive according to our price multiple model, which makes a comparison between the company's price-to-earnings ratio and the industry average. In this instance, we've used the price-to-earnings (PE) ratio given that there is not enough information to reliably forecast the stock's cash flows. We find that Lam Research's ratio of 38.04x is above its peer average of 30.03x, which suggests the stock is trading at a higher price compared to the Semiconductor industry. If you like the stock, you may want to keep an eye out for a potential price decline in the future. Given that Lam Research's share is fairly volatile (i.e. its price movements are magnified relative to the rest of the market) this could mean the price can sink lower, giving us another chance to buy in the future. This is based on its high beta, which is a good indicator for share price volatility.
根據我們的價格倍數模型，Lam Research似乎是昂貴的，該模型將公司的市盈率與行業平均值進行比較。在這種情況下，我們使用市盈率（PE）比率，因爲沒有足夠的信息可靠地預測股票的現金流量。我們發現Lam Research的比率爲38.04倍，高於同行業平均水平的30.03倍，這表明該股票的價格比半導體行業高。如果您喜歡該股票，您可能會想要關注未來的潛在價格下跌。鑑於Lam Research的股價相當波動（即其價格變動相對於市場其他部分放大），這可能意味着價格可能會下降，使我們有機會在未來再次買入。這是基於其高貝塔值，它是股價波動的良好指標。
What kind of growth will Lam Research generate?
Lam Research會產生什麼樣的增長？
Future outlook is an important aspect when you're looking at buying a stock, especially if you are an investor looking for growth in your portfolio. Although value investors would argue that it's the intrinsic value relative to the price that matter the most, a more compelling investment thesis would be high growth potential at a cheap price. With profit expected to grow by 63% over the next couple of years, the future seems bright for Lam Research. It looks like higher cash flow is on the cards for the stock, which should feed into a higher share valuation.
未來前景是您考慮購買股票時的重要因素，特別是如果您是尋找投資組合中的增長的投資者。儘管價值投資者可能會認爲與價格相對的內在價值最重要，但更有說服力的投資主題將是高成長潛力和低價格。隨着盈利預計在未來幾年增長63％，Lam Research的未來前景似乎非常明亮。看起來該股票將獲得更高的現金流量，這應該帶來更高的股票估值。
What This Means For You
這對您意味着什麼？
Are you a shareholder? LRCX's optimistic future growth appears to have been factored into the current share price, with shares trading above industry price multiples. At this current price, shareholders may be asking a different question – should I sell? If you believe LRCX should trade below its current price, selling high and buying it back up again when its price falls towards the industry PE ratio can be profitable. But before you make this decision, take a look at whether its fundamentals have changed.
您是股東嗎？ LRCX的樂觀未來增長似乎已被納入當前股價，股價高於行業價格多項。在當前價格下，股東可能會問一個不同的問題-我應該賣出嗎？ 如果您認爲LRCX應該以低於其當前價格的價格交易，則在其股價向行業市盈率比率下降時高價賣出並再次買入可能是有利可圖的。但在做出這個決定之前，請查看其基本面是否發生了變化。
Are you a potential investor? If you've been keeping an eye on LRCX for a while, now may not be the best time to enter into the stock. The price has surpassed its industry peers, which means it is likely that there is no more upside from mispricing. However, the optimistic prospect is encouraging for LRCX, which means it's worth diving deeper into other factors in order to take advantage of the next price drop.
您是潛在投資者嗎？如果您一直在關注LRCX，現在可能不是進入股票市場的最佳時機。該價格已經超過其同行業水平，這意味着很可能已經沒有未來的漲幅。但是，LRCX的樂觀前景令人鼓舞，這意味着值得深入探討其他因素，以便利用下一次價格下跌。
It can be quite valuable to consider what analysts expect for Lam Research from their most recent forecasts. At Simply Wall St, we have the analysts estimates which you can view by clicking here.
考慮到分析師對Lam Research的最新預測，這可能非常有價值。在Simply Wall St上，您可以查看分析師的估計值，單擊此處查看。
If you are no longer interested in Lam Research, you can use our free platform to see our list of over 50 other stocks with a high growth potential.
如果您不再對Lam Research感興趣，則可以使用我們的免費平台查看我們的50多個高增長潛力股票列表。
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
對本文有反饋？關於內容有所顧慮？直接和我們聯繫。或者，發送電子郵件至editorial-team (at) simplywallst.com。
這篇文章是Simply Wall St的一般性文章。我們根據歷史數據和分析師預測提供評論，只使用公正的方法論，我們的文章並不意味着提供任何金融建議。文章不構成買賣任何股票的建議，也不考慮您的目標或您的財務狀況。我們的目標是帶給您基本數據驅動的長期關注分析。請注意，我們的分析可能不考慮最新的價格敏感公司公告或定性材料。Simply Wall St沒有任何股票頭寸。
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
對本文有反饋？關於內容有所顧慮？直接和我們聯繫。或者發送電子郵件至editorial-team@simplywallst.com。
譯文內容由第三人軟體翻譯。