Lam ResearchLRCX
About: Lam Research is one of the largest semiconductor wafer fabrication equipment manufacturers in the world. It specializes in deposition and etch, which entail the buildup of layers on a semiconductor and the subsequent selective removal of patterns from each layer. Lam holds the top market share in etch and holds the clear second share in deposition. It is more exposed to memory chipmakers for DRAM and NAND chips. It counts as top customers the largest chipmakers in the world, including TSMC, Samsung, Intel, and Micron.
Employees: 17,200
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
10% more repeat investments, than reductions
Existing positions increased: 564 | Existing positions reduced: 514
0.68% more ownership
Funds ownership: 85.33% [Q2] → 86.01% (+0.68%) [Q3]
21% less funds holding
Funds holding: 1,769 [Q2] → 1,405 (-364) [Q3]
22% less call options, than puts
Call options by funds: $2.13B | Put options by funds: $2.72B
34% less capital invested
Capital invested by funds: $119B [Q2] → $78.1B (-$40.6B) [Q3]
64% less funds holding in top 10
Funds holding in top 10: 80 [Q2] → 29 (-51) [Q3]
77% less first-time investments, than exits
New positions opened: 110 | Existing positions closed: 474
Research analyst outlook
12 Wall Street Analysts provided 1 year price targets over the past 3 months
12 analyst ratings
Cantor Fitzgerald C J Muse 48% 1-year accuracy 38 / 80 met price target | 43%upside $100 | Neutral Reiterated | 24 Oct 2024 |
Morgan Stanley Joseph Moore 56% 1-year accuracy 23 / 41 met price target | 8%upside $76 | Equal-Weight Maintained | 24 Oct 2024 |
Stifel Brian Chin 21% 1-year accuracy 5 / 24 met price target | 43%upside $100 | Buy Reiterated | 24 Oct 2024 |
Wells Fargo Joseph Quatrochi 19% 1-year accuracy 3 / 16 met price target | 21%upside $85 | Equal-Weight Maintained | 24 Oct 2024 |
B. Riley Securities Craig Ellis 20% 1-year accuracy 12 / 60 met price target | 57%upside $110 | Buy Reiterated | 24 Oct 2024 |
Financial journalist opinion
Based on 32 articles about LRCX published over the past 30 days
