Lam Research: Stock Price Runup Justified But Upside Now Limited

Sundry Photography In our previous analysis of Lam Research Corporation (NASDAQ:LRCX), we assessed the company amid geopolitical tensions with the US government imposing export restrictions on semicon equipment to China. Still, we estimated a minimal impact to the company of up to only 2.2% of revenues on both memory and logic equipment restrictions, thus affirming our positive view on the company to capitalize on the semicon equipment market growth. Since our previous analysis, Lam Research's stock price h ...