Professional
Added to YB: 2024-10-24
Pitch date: 2024-10-24
LRCX [bullish]
Lam Research Corporation
+109.74%
current return
Author Info
No bio for this author
Company Info
Lam Research Corporation designs, manufactures, markets, refurbishes, and services semiconductor processing equipment used in the fabrication of integrated circuits in the United States, China, Korea, Taiwan, Japan, Southeast Asia, and Europe.
Market Cap
$208.3B
Pitch Price
$76.53
Price Target
92.00 (-43%)
Dividend
0.63%
EV/EBITDA
29.29
P/E
36.59
EV/Sales
10.52
Sector
Semiconductors and Semiconductor Equipment
Category
growth
BofA Raises PT on $LRCX to $92 from $88 - Buy
LRCX: BofA raises PT to $92 (Buy), CY25/26E pf-EPS up 4%/7%. Outperforming WFE in CY25E due to unique portfolio. Less impacted by China slowdown vs ASML. Strong in advanced packaging, NAND upgrades. NAND tech transition favors LRCX. 24x CY25 P/E. Analyst: Vivek Arya
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