Professional
Added to YB: 2024-02-20
Pitch date: 2023-12-31
LRCX [bullish]
Lam Research Corporation
+116.5%
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
$206.4B
Pitch Price
$75.41
Price Target
N/A
Dividend
0.63%
EV/EBITDA
29.02
P/E
36.26
EV/Sales
10.42
Sector
Semiconductors and Semiconductor Equipment
Category
growth
Baron Opportunity Fund Portfolio Holding - Lam Research Corporation
LRCX: Leading WFE provider for semis. Etch & deposition for NAND, DRAM, logic. Fragmented industry but leaders dominate segments. Acquired on industry inflection benefiting LRCX: gate-all-around logic transistors, high-bandwidth memory, advanced packaging needing complex deposition & etch where LRCX has ~100% share. Earnings power underestimated as NAND WFE spending recovers from severe 2023 downturn.
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