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)
11% more repeat investments, than reductions
Existing positions increased: 580 | Existing positions reduced: 523
0.77% more ownership
Funds ownership: 88.75% [Q2] → 89.52% (+0.77%) [Q3]
19% less funds holding
Funds holding: 1,773 [Q2] → 1,440 (-333) [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: $123B [Q2] → $81.7B (-$41.8B) [Q3]
64% less funds holding in top 10
Funds holding in top 10: 81 [Q2] → 29 (-52) [Q3]
73% less first-time investments, than exits
New positions opened: 114 | Existing positions closed: 415
Research analyst outlook
11 Wall Street Analysts provided 1 year price targets over the past 3 months
11 analyst ratings
Keybanc Steve Barger 32% 1-year accuracy 9 / 28 met price target | 18%upside $95 | Overweight Upgraded | 17 Jan 2025 |
Barclays Tom O'Malley 40% 1-year accuracy 18 / 45 met price target | 7%downside $75 | Equal-Weight Maintained | 17 Jan 2025 |
Wells Fargo Joseph Quatrochi 57% 1-year accuracy 13 / 23 met price target | 2%upside $82 | Equal-Weight Maintained | 13 Jan 2025 |
Mizuho Vijay Rakesh 50% 1-year accuracy 38 / 76 met price target | 12%upside $90 | Outperform Maintained | 10 Jan 2025 |
Goldman Sachs Toshiya Hari 62% 1-year accuracy 69 / 112 met price target | 6%upside $85 | Buy Maintained | 10 Jan 2025 |
Financial journalist opinion
Based on 25 articles about LRCX published over the past 30 days
