KIEV, UKRAINE - 2018/11/10: In this photo illustration, the Lam Research Corporation logo seen displayed on a smartphone. Lam Research Corporation is an American corporation that engages in the design, manufacture, marketing, and service of semiconductor processing equipment used in the fabrication of integrated circuits. (Photo Illustration by Igor Golovniov/SOPA Images/LightRocket via Getty Images)LightRocket via Getty ImagesLam Research (LRCX) has faced setbacks in the past. Its stock has experienced dro ...

Core Insights - Teradyne (TER) has seen a 19% surge in stock price over the past month, but Lam Research Corporation (LRCX) is presented as a more valuable investment alternative due to superior financial metrics [2] - LRCX's quarterly revenue growth stands at 27.7%, significantly higher than TER's 4.3%, and LRCX's 12-month revenue growth is 25.7% compared to TER's 4.5% [2] - In terms of profitability, LRCX boasts a last twelve months (LTM) margin of 33.0% and a three-year average margin of 30.2%, outperforming TER [2] Financial Comparison - A side-by-side examination of financials reveals that LRCX outperforms TER in growth, margins, momentum, and valuation multiples [3] - The financial metrics indicate that LRCX has consistently better returns and lower risk compared to TER [4] Historical Performance - Cumulative total returns for LRCX since the beginning of 2021 have been favorable, although specific figures are not detailed [5] - The performance metrics of the Trefis High Quality (HQ) Portfolio, which includes LRCX, show better returns with reduced risk compared to benchmark indices [8]

Group 1 - Lam Research Corporation (NASDAQ:LRCX) has experienced an increase of over 82% in stock price over the past 6 months, with Wall Street maintaining a bullish outlook for further growth [1] - Analysts from UBS and B. Riley Securities have raised their price targets for LRCX, with UBS increasing it from $175 to $200 and B. Riley from $180 to $195, both maintaining a Buy rating [1][3] - Mizuho Securities also raised its price target from $170 to $200, indicating a positive industry outlook for wafer fab equipment estimates in 2026 [3] Group 2 - Lam Research is expected to report fiscal Q2 2026 results on January 26, with anticipated revenue of $5.23 billion and a GAAP EPS of $1.16, while management projects revenue around $5.20 billion (+/- $300 million) and EPS around $1.15 [4] - The company holds a significant competitive advantage in the semiconductor industry due to its superior memory exposure and leadership in eTech, which is expected to drive increased spending in memory fab equipment [2] - Lam Research designs, manufactures, markets, refurbishes, and services semiconductor processing equipment used in integrated circuit fabrication across various regions including the US, China, Korea, Taiwan, Japan, Southeast Asia, and Europe [5]

Group 1 - Lam Research Corporation (NASDAQ:LRCX) is considered one of the best stocks for the next decade, with multiple analysts raising their price targets significantly [1][2][3][4] - UBS raised its price target on Lam Research to $200 from $175, maintaining a Buy rating [1] - B. Riley increased its price target to $195 from $180, emphasizing Lam Research's strong position to benefit from the surge in memory WFE spending due to its exposure to the memory sector and leadership in etch technology [2] - Mizuho analyst raised the price target to $200 from $170, expressing a bullish outlook for the WFE market and anticipating growth through 2026 [3] - BofA also raised its price target to $195 from $165, viewing the current period as part of an 8-to-10-year transition to AI-optimized hardware [4] Group 2 - Lam Research designs, manufactures, markets, refurbishes, and services semiconductor processing equipment used in integrated circuit fabrication across various regions including the US, China, Korea, Taiwan, Japan, Southeast Asia, and Europe [5]

Core Insights - Bailard Technology Strategy generated a net return of 9.36% in Q3 2025, underperforming compared to the S&P North American Technology Index's 13.14% return and other benchmarks [1] - The quarter showed improved technology fundamentals driven by structural demand trends and evolving regulations [1] Company Overview: Lam Research Corporation - Lam Research Corporation (NASDAQ:LRCX) reported a one-month return of 15.04% and a 52-week gain of 146.81%, closing at $178.07 per share with a market capitalization of $224.552 billion on December 27, 2025 [2] - The company is benefiting from cyclical demand in wafer equipment and U.S. semiconductor onshoring, positioning itself well in memory fabrication tools amid accelerating AI infrastructure investment [3] - Lam Research reported revenue of $5.3 billion in Q3 2025, reflecting a 3% increase from the previous quarter [3] Investment Sentiment - Lam Research is not among the 30 most popular stocks among hedge funds, with 93 hedge fund portfolios holding the stock at the end of Q3, up from 85 in the previous quarter [3] - While Lam Research is acknowledged as a potential investment, the company believes certain AI stocks may offer greater upside potential with less downside risk [3]

Core Insights - Lam Research Corporation (NASDAQ:LRCX) is recognized as one of the top-performing stocks in the S&P 500 for 2025, with multiple analysts raising their price targets for the company, indicating strong market confidence in its growth potential [1][2][3] Analyst Ratings and Price Targets - B. Riley increased its price target for Lam Research to $195 from $180 while maintaining a Buy rating, highlighting the company's specialized etch leadership as a key factor in capturing market share in memory WFE recovery [1] - Mizuho also raised its price target for Lam Research to $200 from $170, maintaining an Outperform rating, and expressed optimism regarding WFE estimates for 2026, suggesting a positive catalyst for growth [2] - Bank of America raised its price target for Lam Research to $195 from $165 while keeping a Buy rating, indicating a broader transition in the semiconductor industry towards AI-driven workloads [3] Company Overview - Lam Research Corporation designs, manufactures, markets, refurbishes, and services semiconductor processing equipment used in the fabrication of integrated circuits across various regions including the US, China, Korea, Taiwan, Japan, Southeast Asia, and Europe [4]

Core Insights - Janus Henderson Global Technology and Innovation Fund reported a strong performance in Q3 2025, with a return of 9.19%, outperforming the S&P 500 Index's 8.12% but underperforming the MSCI All Country World Information Technology Index's 12.76% [1] Group 1: Fund Performance - The technology sector showed robust results in Q3 2025, driven by the semiconductor complex and hardware manufacturers [1] - The fund's top five holdings reflect its best investment choices for 2025 [1] Group 2: Lam Research Corporation - Lam Research Corporation (NASDAQ:LRCX) reported a one-month return of 15.29% and a 52-week gain of 137.25%, closing at $175.16 per share with a market capitalization of $220.882 billion on December 23, 2025 [2] - The company is recognized for its focus on semiconductor processing equipment, particularly in memory chips, which are now benefiting from increased demand due to AI's growing computational needs [3] - Lam Research Corporation's revenue for the September quarter was $5.3 billion, marking a 3% increase from the previous quarter, with a rise in hedge fund interest from 85 to 93 portfolios [4]

Core Insights - Lam Research Corporation is recognized as a highly profitable tech stock, with Morgan Stanley raising its price target to $158 from $137 while maintaining an Equal Weight rating [1] - The firm has kept its 2026 Wafer Fab Equipment forecast at $129 billion, indicating an 11% year-over-year growth, and has increased its 2027 forecast to $145 billion, representing a 13% increase [1] Financial Performance - In FQ1 2026, Lam Research reported revenues of $5.32 billion, a 28% increase from $4.17 billion in the same quarter last year [2] - Non-GAAP earnings for the quarter were $1.26 per share, reflecting a year-over-year increase of 46.5% [2] - Systems revenues accounted for $3.55 billion, or 66.6% of total revenues, marking a 48% increase year-over-year and a 3% rise from the previous quarter [2] - The Customer Support Business Group generated $1.77 billion in revenues, contributing 33.4% to total revenues, with a 2.5% sequential rise and a 0.1% increase from the year-ago period [2] Future Guidance - Lam Research projects revenues of approximately $5.2 billion for FQ2 2026, suggesting a year-over-year growth of 9.8% [3] - The company anticipates a non-GAAP EPS of around $1.15, based on a diluted share count of 1.26 billion, indicating a year-over-year growth of 15.4% [3] Company Overview - Lam Research designs, manufactures, markets, refurbishes, and services semiconductor processing equipment used in the fabrication of integrated circuits across various regions including the US, China, Korea, Taiwan, Japan, Southeast Asia, and Europe [4]

Core Insights - Lam Research's stock has nearly doubled this year, primarily due to strong growth in semiconductor equipment demand linked to AI chip production and advanced semiconductor technologies [1][5] - The company's quarterly results have shown significant improvement, with margins increasing and a positive outlook despite challenges from China's export restrictions [3][5] Financial Performance - The stock price surged by 97%, driven by a 26% increase in revenue, a 14% improvement in net margin, and a 34% increase in the P/E multiple [5] - Lam Research exceeded EPS and revenue predictions for Q4 2024, indicating strength heading into early 2025 [10] Market Outlook - The demand for AI and high-performance computing chips has led to substantial orders for Lam Research's equipment [10] - The company raised its 2025 Wafer Fab Equipment spending forecast to $105 billion [10] Challenges - New U.S. export restrictions on certain Chinese clients are expected to impact the revenue forecast for Q4 2025 [10]

Core Insights - Carillon Tower Advisers released its third-quarter 2025 investor letter for the Carillon Eagle Growth & Income Fund, highlighting the S&P 500 Index's year-to-date return of 13.7% and the significant role of AI deployment in market performance [1] - The fund's top holdings include Lam Research Corporation, which has shown strong performance with a one-month return of 9.95% and a 52-week gain of 115.55% [2][3] Company Performance - Lam Research Corporation (NASDAQ:LRCX) reported a revenue of $5.3 billion for the September quarter, marking a 3% increase from the previous quarter [4] - The company has confirmed growth projections for the upcoming year, supported by positive bookings data, indicating a strong position in the semiconductor capital spending market [3] Market Sentiment - Improving sentiment around Lam Research Corporation is attributed to the critical nature of its products in the semiconductor industry, particularly in relation to AI memory requirements [3] - Despite its potential, Lam Research is not among the top 30 most popular stocks among hedge funds, with 85 hedge fund portfolios holding its shares at the end of the second quarter, down from 91 in the previous quarter [4]