Lam Research Benefits from Surge in Semiconductor Equipment Demand
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 29 2024
0mins
Should l Buy LRCX?
Source: NASDAQ.COM
Lam Research Corp's stock rose by 3.24% and reached a 52-week high amid strong demand for semiconductor equipment. Analysts project that the semiconductor sector will see spending reach $135 billion by 2026, with a 23% year-over-year increase, positively impacting companies like Lam Research. The company has doubled its capacity over the past four years and maintains a robust supply chain, positioning itself well to meet the rising market demands.
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Analyst Views on LRCX
Wall Street analysts forecast LRCX stock price to fall
22 Analyst Rating
18 Buy
4 Hold
0 Sell
Strong Buy
Current: 199.330
Low
142.00
Averages
192.50
High
265.00
Current: 199.330
Low
142.00
Averages
192.50
High
265.00
About LRCX
Lam Research Corporation is a global supplier of wafer fabrication equipment and services to the semiconductor industry. The Company designs, manufactures, markets, refurbishes, and services semiconductor processing equipment used in the fabrication of integrated circuits. Its products and services are designed to help its customers build devices that are used in a variety of electronic products, including mobile phones, personal computers, servers, wearables, automotive vehicles, and data storage devices. Its product families include ALTUS, SABRE, SPEED, Striker, VECTOR, Flex, Vantex, Kiyo, Versys Metal, Syndion, Coronus, and DV-Prime, Da Vinci, EOS, and SP Series. Its customer base includes semiconductor memory, foundries, and integrated device manufacturers that make products such as non-volatile memory, dynamic random-access memory, and logic devices. It offers services in areas, such as nanoscale applications enablement, chemistry, plasma and fluidics, and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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