Stocks股票 / Tech / LRCX
Lam Research · Tech
LRCX US listed · USD美股 · 美元
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。
Mega cap超大盘 · $384B
Broken growth成长受损
Tech
S&P 500标普500
$306.76
-$6.54 · -2.09%
52w low52周低 $90.50high高 $438
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。
Engine read引擎解读 · 2026-07-21
Price chart价格图表
daily · interactive日线 · 可交互
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Candles, volume and moving averages — pan and zoom inside the chart.蜡烛图、成交量与均线 — 图内可缩放拖动。
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Technicals技术面
daily bars日线数据 · 2026-07-21Long-term Rising Trend
Momentum (RSI 14)动量（RSI 14）
41
Neutral zone中性区域
vs 50-day average相对50日均线
-8.8% below下方
Below trend跌破趋势
vs 200-day average相对200日均线
+31.1% above上方
Long trend up长期向上
Trend strength (ADX)趋势强度（ADX）
16
No clear trend无明显趋势
Volatility波动率
95th percentile第95百分位
These readings feed the stance at the top — one source per number, refreshed nightly.以上读数构成页首的引擎立场 — 每个数字只有一个来源，每晚更新。
Earnings财务业绩
next report下次财报 2026-07-299days to go天后公布
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）
Valuation估值
Expensive vs sector相对行业偏贵| Multiple指标 | LRCX | Sector median行业中位 | Cheaper than相对便宜 |
|---|---|---|---|
| P/E (forward)市盈率（预测） | 38.0x | — | — |
| P/B市净率 | 37.83x | 5.91 | |
| FCF yield自由现金流收益率 | 1.41% | 3.07 | |
| EV/EBITDA企业价值/EBITDA | 60.74x | 28.83 | |
| P/FCF市值/自由现金流 | 70.89x | 29.15 |
"Cheaper than" = share of sector peers trading richer on that multiple.「相对便宜」= 行业中该指标估值更高的同行占比。
Financials财务数据
fiscal years财年Revenue营业收入
5-yr growth5年复合增速 12.9%
Earnings per share每股收益
5-yr growth5年复合增速 -22.8%
Free cash flow自由现金流
Operating margin营业利润率
32.0%
Balance-sheet quality财务体质 7/9
Bankruptcy risk: safe zone破产风险：安全区
Watch关注
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%
Why is it moving为何波动
6 checks · nightly六项检查 · 每晚
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 weekly MACD crossed downLRCX 周线MACD下穿
Options positioning期权持仓
as of last close截至上一收盘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
±6.11%
Expected weekly move预期周波动
±13.66%
25d risk reversal25d风险逆转
-21.3%
Flow:资金流向： $104M premium traded; 22% 0DTE; 109 fresh positions; P/C 1.1; ~leans bearish/hedging (direction approx)成交权利金 $104M；0DTE占22%；109个新建仓；看跌看涨比 1.1；≈偏看跌/对冲（方向近似）
Skew: fear偏斜：避险
Call and put walls are plotted on the Trade levels ladder →看涨/看跌期权墙已标注在「交易点位」阶梯上 →
Ownership & smart money持仓与聪明钱
13FInsider activity:内部人动向： -$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 | Latest move最新动作 | % of book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
engine events引擎事件
BOTTOMING → NEARING A LOW筑底中 → 接近低点
GET READY. Day 55 of a typical 23-44-day cycle — inside the window where lows usually form, and short-term momentum is washed out. No confirmed turn yet准备。典型 23-44 天周期的第 55 天——处于低点通常形成的窗口内，且短期动量已被洗净。尚无确认的转向
Jul 24, 2026
LRCX weekly MACD crossed downLRCX 周线MACD下穿
The weekly MACD histogram turned negative — the slower, less-whippy momentum read.周线MACD柱状图转负 — 更慢、更少来回的动量信号。
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。
Showing the last 15 of显示最近15条，共 3542 signals条信号
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
Style DNA — how it trades vs the market风格基因 — 相对市场的交易特征
Value价值
Below market低于市场
Quality质量
Above market高于市场
Investment资本投入
Below market低于市场
Low volatility低波动
Below market低于市场
Low market beta低市场敏感度
Below market低于市场
Short interest空头兴趣
Below market低于市场
Watch items — what could change the story关注项 — 可能改变故事的因素
- Receivables stretch
- Capital intensity rising
The whole US universe — S&P 1500 and Russell 2000 — read nightly.覆盖标普1500与罗素2000全部成分股 — 每晚更新解读。
Signals, options positioning, smart-money moves and factor DNA — the same engine that wrote this page covers 2,700+ US stocks.信号、期权持仓、聪明钱动向与因子基因 — 撰写本页的引擎覆盖2700多只美股。
Statistics — full detail统计数据 — 完整明细
Valuation vs sector估值对比行业
| Multiple指标 | This stock本股 | Sector median行业中位 | Cheaper than相对便宜 |
|---|---|---|---|
| P/E (forward)市盈率（预测） | 38.0× | — | — |
| Price / Book市净率 | 37.8× | 5.9× | 5% |
| EV / EBITDAEV/EBITDA | 60.7× | 28.8× | 22% |
Relative strength相对强度
vs market, 1 month相对大盘（1个月）
97/100 — stronger than most强于多数
vs market, 3 months相对大盘（3个月）
83/100 — stronger than most强于多数
vs market, 6 months相对大盘（6个月）
91/100 — stronger than most强于多数
vs market, 12 months相对大盘（12个月）
97/100 — stronger than most强于多数
Rank in sector行业内排名
#8 / 184
0–100 percentile of total return vs all covered stocks.总回报在全部覆盖股票中的百分位（0–100）。
Price history价格历史
| Period周期 | This stock本股 | S&P 500标普500 |
|---|---|---|
| 1 Week近1周 | -7.0% | -0.9% |
| 1 Month近1月 | -21.1% | -0.6% |
| 3 Months近3月 | +18.7% | +5.4% |
| 6 Months近6月 | +34.5% | +8.6% |
| Year to date年初至今 | +66.0% | +8.9% |
| 1 Year近1年 | +206.2% | +19.2% |
| 3 Years近3年 | +404.9% | +69.9% |
| 5 Years近5年 | +406.7% | +82.2% |
Trading information交易信息
Beta vs market贝塔
3.07
Volatility rank波动率分位
95th pctile
Short interest空头占比
2.3% of float
Market cap市值
$384B
Dividend yield股息率
0.33%
Off 52-week high距52周高点
-29.2%
Volume vs normal成交量相对平常
0.6×
Research context only — refreshed nightly. Not investment advice.仅供研究参考 — 每晚更新，不构成投资建议。
Financials — full detail财务数据 — 完整明细
Multi-year record多年财务记录
| 20202020 | 20212021 | 20222022 | 20232023 | 20242024 | 20252025 | |
|---|---|---|---|---|---|---|
| Revenue营业收入 | $10.0B | $14.6B | $17.2B | $17.4B | $14.9B | $18.4B |
| EPS每股收益 | $15.10 | $26.90 | $32.75 | $33.21 | $29.00 | $4.15 |
| Free cash flow自由现金流 | $1.9B | $3.2B | $2.6B | $4.7B | $4.3B | $5.4B |
| Gross margin毛利率 | 45.9% | 46.5% | 45.7% | 44.6% | 47.3% | 48.7% |
| Net margin净利率 | 22.4% | 26.7% | 26.7% | 25.9% | 25.7% | 29.1% |
| FCF margin自由现金流利润率 | 19.1% | 22.1% | 14.8% | 26.8% | 28.6% | 29.4% |
Latest fiscal year最近财年
Total assets总资产
$21.4B
Shareholder equity股东权益
$10.1B
Long-term debt长期负债
$3.7B
Shares outstanding总股本
1.25B
Returns & growth回报与增长
Debt / assets负债/资产
17.4%
Revenue growth营收增速
+23.8%
Asset growth资产增速
+7.8%
Accounting quality checks会计质量检查
- Earnings quality: earnings cash-backed盈利质量：盈利有现金支撑
- Working capital: inventory +127% vs sales +84% — inventory building, demand risk营运资本：存货 +127% 对销售 +84%——存货积压，需求风险
- Pricing power: gross margin +2.8pts over 6 years定价能力：毛利率 6 年上升 2.8 个百分点
- Capital discipline: share count +773.0% over 6 years (dilution)资本纪律：股本 6 年增加 773.0%（稀释）
- Balance sheet: Altman Z 24.18 — safe zone资产负债表：Altman Z 24.18——安全区
Research context only — refreshed nightly. Not investment advice.仅供研究参考 — 每晚更新，不构成投资建议。
Technicals — full detail技术面 — 完整明细
Indicator readings指标读数
RSI (14-day)RSI（14日）
41
RSI (2-day)RSI（2日）
7
Trend strength (ADX)趋势强度（ADX）
16
Average daily range平均日波幅
8.7%
vs 20-day average相对20日均线
-14.7%
vs 50-day average相对50日均线
-8.8%
vs 200-day average相对200日均线
+31.1%
Golden cross (50>200)金叉（50>200）
in effect生效中
MACDMACD
below signal位于信号线下方
Timeframe alignment多周期共振
Daily日线
momentum down动能向下
3-day3日线
momentum down — fresh downturn动能向下——刚刚转弱
Weekly周线
momentum down — fresh downturn动能向下——刚刚转弱
Monthly月线
momentum up动能向上
When daily through monthly point the same way, moves carry further.当日线到月线方向一致时，行情往往更有延续性。
Volatility regime波动状态
Range state波幅状态
expanding — range opening up扩张中 — 波幅放大
Range width percentile波幅宽度分位
94/100
All tracked signals全部跟踪信号
| Signal信号 | State状态 | Age距今 |
|---|---|---|
| Golden Cross (7/35) | quiet静默 | 99d |
| Golden Cross (21/100) | quiet静默 | 422d |
| Golden Cross (50/200) | quiet静默 | 396d |
| Death Cross (7/35) | quiet静默 | 4d |
| Death Cross (21/100) | quiet静默 | 477d |
| Death Cross (50/200) | quiet静默 | 674d |
| MA Buy (7) | quiet静默 | 3d |
| MA Buy (21) | quiet静默 | 39d |
| MA Buy (35) | quiet静默 | 8d |
| MA Buy (100) | quiet静默 | 434d |
| MA Sell (7) | quiet静默 | 2d |
| MA Sell (21) | quiet静默 | 15d |
| MA Sell (35) | quiet静默 | 7d |
| MA Sell (100) | quiet静默 | 478d |
| Pivot Bottom | quiet静默 | 1379d |
| Pivot Top | quiet静默 | 65d |
| RSI-14 Oversold Entry | quiet静默 | 2d |
| RSI-14 Overbought Entry | quiet静默 | 169d |
| RSI-21 Oversold Entry | quiet静默 | 2d |
| RSI-21 Overbought Entry | quiet静默 | 171d |
| Double Bottom (Short-term) | quiet静默 | 101d |
| Double Bottom (Long-term) | quiet静默 | 406d |
| Double Top (Short-term) | quiet静默 | 135d |
| Double Top (Long-term) | quiet静默 | 423d |
| Bollinger Breakout Up | quiet静默 | 25d |
| Bollinger Breakout Down | quiet静默 | 133d |
| Short-term Rising Trend | quiet静默 | — |
| Short-term Falling Trend | quiet静默 | — |
| Long-term Rising Trend | ● active● 活跃 | 0d |
| Long-term Falling Trend | quiet静默 | — |
| Possible Runner (Momentum Breakout) | quiet静默 | 29d |
| 1-Day Return (cross-sectional rank → top/bottom gainers) | ● active● 活跃 | 0d |
| Strong 1-Day Move Flag | quiet静默 | — |
| Valuation cheapness percentile (0–1, higher = cheaper vs peers) | quiet静默 | — |
| Undervalued — composite multiples in cheapest decile vs universe | quiet静默 | — |
| Overvalued — composite multiples in most expensive decile vs universe | quiet静默 | — |
| Insider Power (0–100) — quality-weighted Form-4 open-market trades (role × size × recency); 50 = neutral | ● active● 活跃 | 0d |
| Insider Buy signal — fires when Insider Power ≥ 60 (net buying on quality-weighted basis) | quiet静默 | — |
| Insider Sell signal — fires when Insider Power ≤ 40 (net selling on quality-weighted basis) | ● active● 活跃 | 0d |
| Ichimoku — Price Above Cloud | quiet静默 | — |
| Ichimoku — Price Below Cloud | quiet静默 | — |
| Ichimoku — Bullish TK Cross (Tenkan crosses above Kijun) | quiet静默 | 102d |
| Ichimoku — Bearish TK Cross (Tenkan crosses below Kijun) | quiet静默 | 3d |
| Ichimoku — Cloud Breakout Up (Price crosses above Kumo) | quiet静默 | 100d |
| Ichimoku — Cloud Breakdown (Price crosses below Kumo) | quiet静默 | 109d |
| Trend Ribbon — Uptrend State | quiet静默 | — |
| Trend Ribbon — Downtrend State | quiet静默 | — |
| Trend Ribbon — Flip to Uptrend | quiet静默 | 3d |
| Trend Ribbon — Flip to Downtrend | quiet静默 | 487d |
| RSI Stack (7/14/21) — All Three Curling Up | quiet静默 | 3d |
| RSI Stack (7/14/21) — All Three Curling Down | quiet静默 | 2d |
| RSI Stack (7/14/21) — All Three at or Below 30 | quiet静默 | — |
| RSI Stack (7/14/21) — All Three at or Above 80 (reference band) | quiet静默 | — |
| Bollinger Upper Band Rejection (Wick above, Close below) | quiet静默 | 17d |
| Bollinger Lower Band Reclaim (Wick below, Close above) | quiet静默 | 130d |
| Bollinger Band Walk Up (Close above upper band ≥ 3 of last 5 bars) | quiet静默 | — |
| Bollinger Band Walk Down (Close below lower band ≥ 3 of last 5 bars) | quiet静默 | — |
| MACD bullish cross | quiet静默 | 36d |
| MACD bearish cross | quiet静默 | 15d |
| RSI crosses above 50 | quiet静默 | 101d |
| RSI crosses below 50 | quiet静默 | 15d |
| Stochastic-RSI bullish cross | quiet静默 | 9d |
| Stochastic-RSI bearish cross | quiet静默 | 24d |
| Bi-weekly Stochastic-RSI bullish cross | quiet静默 | 84d |
| Golden Star (7/35) — three-entity cross with price gate | quiet静默 | 1051d |
| Golden Star (21/100) — three-entity cross with price gate | quiet静默 | 2970d |
| Golden Star (50/200) — three-entity cross with price gate | quiet静默 | — |
| Death Star (7/35) — bearish three-entity cross with price gate | quiet静默 | 567d |
| Death Star (21/100) — bearish three-entity cross with price gate | quiet静默 | 473d |
| Death Star (50/200) — bearish three-entity cross with price gate | quiet静默 | 7052d |
| New Golden Star — freshly fired Golden Star (7/35), age ≤ 1 trading day | quiet静默 | 1050d |
Research context only — refreshed nightly. Not investment advice.仅供研究参考 — 每晚更新，不构成投资建议。
Earnings — full detail财务业绩 — 完整明细
Estimate revisions预期修正
Analysts covering覆盖分析师
6
Estimate direction预期调整方向
mostly raising多数上调
Estimate change, 90 days预期变化（90天）
+12.5%
Net upgrades, 30 days净上调（30天）
+6
Analyst view分析师观点
Forward P/E预测市盈率
38.0×
Profit margin净利率
30.9%
Research context only — refreshed nightly. Not investment advice.仅供研究参考 — 每晚更新，不构成投资建议。
Options — full detail期权持仓 — 完整明细
Dealer positioning map做市商持仓地图
Call wall看涨期权墙
$335
Put wall看跌期权墙
$290
Upside magnet上方磁吸位
$340
Downside magnet下方磁吸位
$300
Net dealer gamma做市商净伽玛
-$0.0B
Walls and magnets are strikes with heavy open interest — price often slows or gravitates there.期权墙与磁吸位是未平仓集中的行权价 — 价格常在附近减速或被吸引。
Volatility pricing波动率定价
Implied volatility (30d)隐含波动率（30天）
1%
25-delta risk reversal25-delta风险逆转
-21.3%
Call-put IV spread看涨-看跌IV价差
+0.1pp
Research context only — refreshed nightly. Not investment advice.仅供研究参考 — 每晚更新，不构成投资建议。
Ownership — full detail持仓 — 完整明细
Tracked funds holding it跟踪基金持仓
| Fund基金 | Grade评级 | Latest move最新动作 | % of book组合占比 | Position市值 |
|---|---|---|---|---|
| Whale Rock Capital | A | New position新建仓 | 2.6% | $205M |
| Polen Capital Management | B | New position新建仓 | 1.6% | $225M |
| Third Point (Loeb) | B | New position新建仓 | 0.8% | $16M |
| Coatue Management | A | Holding持有 | 7.4% | $2.1B |
| Tiger Global (Coleman) | B | Holding持有 | 3.6% | $833M |
| Appaloosa (Tepper) | A | Holding持有 | 1.4% | $82M |
Fund positioning基金持仓概览
Tracked funds in the name持有该股的跟踪基金
6
Buying vs selling买入vs卖出
3 : 0
Quarterly trend季度趋势
{'direction': 'distributing', 'n_quarters': 7, 'holders_first': 4, 'holders_last': 0, 'holders_delta': -4, 'value_change_pct': -100.0, 'from_period': '2024-12-31', 'to_period': '2026-06-30', 'available_on': '', 'available_on_first': '2025-02-14', 'holders_series': [4, 4, 3, 3, 3, 6, 0]}{'direction': 'distributing', 'n_quarters': 7, 'holders_first': 4, 'holders_last': 0, 'holders_delta': -4, 'value_change_pct': -100.0, 'from_period': '2024-12-31', 'to_period': '2026-06-30', 'available_on': '', 'available_on_first': '2025-02-14', 'holders_series': [4, 4, 3, 3, 3, 6, 0]}
Insiders & shorts内部人与空头
Insider net buying (6 months)内部人净买入（6个月）
-$71.3M
Insider buyers vs sellers内部人买家vs卖家
0 : 6
Short interest空头占流通盘
2.3%
Days to cover回补天数
1.8
Short interest change空头变化
-5.2%
Research context only — refreshed nightly. Not investment advice.仅供研究参考 — 每晚更新，不构成投资建议。
Seasonality — full detail季节性 — 完整明细
Strongest month最强月份
May · 100%
Weakest month最弱月份
Aug · 20%
Month by month逐月统计
| Month月份 | Closed higher收涨占比 | Median move中位涨跌 | Years年数 |
|---|---|---|---|
| Jan1月 | 80% | +12.3% | 5 |
| Feb2月 | 40% | -2.4% | 5 |
| Mar3月 | 40% | -2.6% | 5 |
| Apr4月 | 40% | -0.6% | 5 |
| May5月 | 100% | +12.7% | 6 |
| Jun6月 | 83% | +14.0% | 6 |
| Jul7月 | 33% | -1.6% | 6 |
| Aug8月 | 20% | -4.9% | 5 |
| Sep9月 | 40% | -5.4% | 5 |
| Oct10月 | 40% | -0.8% | 5 |
| Nov11月 | 80% | +17.3% | 5 |
| Dec12月 | 60% | +6.5% | 5 |
History is a tendency, not a promise — small samples wobble.历史规律只是倾向而非保证 — 样本少时波动大。
- Jul: +0.8% avg, up 53% of years (n=43)7月：平均 +0.8%，53% 的年份上涨（n=43）
Research context only — refreshed nightly. Not investment advice.仅供研究参考 — 每晚更新，不构成投资建议。