Added to YB: 2024-10-31
Pitch date: 2024-10-29
LRCX [bullish]
Lam Research Corporation
+309.85%
current return
Author Info
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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
$368.6B
Pitch Price
$75.78
Price Target
120.00 (-61%)
Dividend
0.35%
EV/EBITDA
42.45
P/E
51.15
EV/Sales
15.79
Sector
Semiconductors and Semiconductor Equipment
Category
growth
Lam Research Corp. – Now undervalued and poised for outperformance!
LRCX: Top 3 supplier in semiconductor equipment, dominating deposition, etch, clean. 15.6% rev CAGR, 38.4% EPS CAGR last decade. Q1 beat, 20% YoY growth. China exposure decreasing. Margins improving. $9.8B buyback plan. Bullish 2025 outlook. Trades at 21x FY24 EPS, 15% sector discount. $120 FY25 price target (54% upside).
Read full article (11 min)