HSBC Gives Lam Research (LRCX) Hold Rating

Core Viewpoint - Lam Research Corporation (NASDAQ:LRCX) is recognized as one of the best American semiconductor stocks, with a Hold rating and a price target of $127 set by HSBC, indicating expected benefits from growing demand for wafer fabrication equipment [1][2]. Group 1: Company Performance and Projections - HSBC projects a compound annual growth rate of 15.7% in diluted EPS for Lam Research from fiscal years 2025 to 2030 [2]. - The company experienced a significant stock price increase of over 30% in September, suggesting that much of the anticipated gains may already be reflected in the current stock price [3]. Group 2: Market Conditions and Challenges - Near-term revenue growth for Lam Research is expected to slow due to sluggish spending in wafer fabrication equipment, particularly in the foundry and NAND end markets [2].