35 AI News and Ratings You Should Not Miss

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16. Lam Research Corporation (NASDAQ:LRCX)

Number of Hedge Fund Holders: 84 

Lam Research Corporation (NASDAQ:LRCX) markets semiconductor processing equipment. On October 23, the company posted earnings for the first fiscal quarter, reporting earnings per share of $0.86, beating market estimates by $0.06. The revenue over the period was $4.17 billion, up close to 20% compared to the revenue over the same period last year and beating analyst expectations by $110 million. Looking ahead, the semi firm expects second-quarter revenue to be $4.3 billion, plus or minus $300 million, with gross margins between 46.9%, plus or minus 1%. It also expects earnings per share to be $0.87 per share, plus or minus 10 cents. A consensus of analysts were anticipating earnings of $0.85 per share on $4.22 billion in revenue for the second quarter.

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