Professional
Added to YB: 2026-05-22
Pitch date: 2026-05-04
LRCX [bullish]
Lam Research Corporation
+13.35%
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
$365.3B
Pitch Price
$266.63
Price Target
N/A
Dividend
0.36%
EV/EBITDA
45.39
P/E
55.17
EV/Sales
16.80
Sector
Semiconductors and Semiconductor Equipment
Category
growth
Baron Durable Advantage Fund New Position: Lam Research Corporation
LRCX (new position): Leading WFE supplier specializing in etch/deposition for semiconductor manufacturing. AI surge driving billions in TAM expansion via layer-intensive chip designs. 100% share in HBM high-aspect-ratio etch, 100k+ chamber installed base generates recurring revenue exceeding initial tool sales. NAND WFE down ~50% from 2022 peak creates pent-up demand. Memory market dynamics improving w/ slower bit growth reducing cyclicality.
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