Professional
Added to YB: 2026-07-07
Pitch date: 2026-03-31
LRCX [bullish]
Lam Research Corporation
+62.71%
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
$439.5B
Pitch Price
$215.23
Price Target
N/A
Dividend
0.30%
EV/EBITDA
54.64
P/E
66.37
EV/Sales
20.22
Sector
Semiconductors and Semiconductor Equipment
Category
growth
Baron Opportunity Fund New Position: Lam Research Corporation
LRCX (new position): Wafer fab equipment leader in deposition/etch, at inflection as AI drives layer counts & SAM expansion. ~100% HBM etch share, 100k+ chamber installed base = annuity revenue, high switching costs. Underappreciated earnings power as NAND capex recovers from ~50% drop off 2022 peak.
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