Lam ResearchLRCX
Market Cap: $95.3B
About: Lam Research is one of the largest semiconductor wafer fabrication equipment, or WFE, manufacturers in the world. It specializes in the market segments of 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 cut 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 Q2 SEC filings by fund managers ($100M+ AUM)
35% more first-time investments, than exits
New positions opened: 172 | Existing positions closed: 127
25% more funds holding in top 10
Funds holding in top 10: 63 [Q1] → 79 (+16) [Q2]
9% more capital invested
Capital invested by funds: $107B [Q1] → $116B (+$9.33B) [Q2]
3% more funds holding
Funds holding: 1,700 [Q1] → 1,745 (+45) [Q2]
3% more repeat investments, than reductions
Existing positions increased: 652 | Existing positions reduced: 636
0.58% less ownership
Funds ownership: 84.17% [Q1] → 83.59% (-0.58%) [Q2]
24% less call options, than puts
Call options by funds: $2.44B | Put options by funds: $3.22B
Research analyst outlook
9 Wall Street Analysts provided 1 year price targets over the past 3 months
9 analyst ratings
Citigroup Atif Malik 55% 1-year accuracy 21 / 38 met price target | 35%upside $990 | Buy Maintained | 5 Aug 2024 |
TD Cowen Krish Sankar 19% 1-year accuracy 4 / 21 met price target | 43%upside $1,050 | Buy Maintained | 1 Aug 2024 |
Deutsche Bank Sidney Ho 80% 1-year accuracy 4 / 5 met price target | 29%upside $950 | Buy Maintained | 1 Aug 2024 |
Cantor Fitzgerald C J Muse 36% 1-year accuracy 24 / 66 met price target | 64%upside $1,200 | Neutral Reiterated | 1 Aug 2024 |
Wells Fargo Joseph Quatrochi 36% 1-year accuracy 4 / 11 met price target | 36%upside $1,000 | Equal-Weight Maintained | 1 Aug 2024 |
Financial journalist opinion
Based on 19 articles about LRCX published over the past 30 days