Lam Research Corporation (LRCX)

In the past six months, Lam Research Corp. stock experienced analyst upgrades, coverage initiation, and fluctuations in stock price performance. Goldman Sachs initiated coverage with a "Buy" recommendation, and Susquehanna upgraded its outlook to "Positive". LRCX hit a 52-week high of $102.32 on July 21, 2025, and a low of $68.86 on April 3, 2025. The company announced a quarterly dividend of $0.23 per share and unveiled revenue and earnings targets for 2028. U.S. semiconductor equipment makers faced pressure following ASML's warning about potential growth uncertainty in 2026 due to U.S. tariffs.

The demand for Lam Research Corp.'s products and services is linked to the cyclical nature of the semiconductor industry. The company's revenue streams have shown growth, correlating with the expanding global demand for semiconductor devices. Lam Research's deposition and etch product portfolio is well-positioned to benefit from industry trends, including the increasing demand for advanced CPUs and GPUs, high bandwidth memory, and enterprise storage devices driven by artificial intelligence (AI) applications. The company anticipates that the wafer fabrication industry is in the early stages of a recovery, fueled by AI-related spending.

Lam Research Corporation is an American supplier of wafer fabrication equipment and related services to the semiconductor industry, operating within the Technology sector. The company designs, manufactures, markets, refurbishes, and services semiconductor processing equipment used in the fabrication of integrated circuits, primarily utilized in front-end wafer processing and back-end wafer-level packaging. Its product portfolio includes equipment for thin film deposition, plasma etch, photoresist strip, wafer cleaning, and advanced process monitoring and control. The company's customer base includes leading chip manufacturers in semiconductor memory, foundry, and integrated device manufacturers.

Lam Research has a significant global presence with sales and service operations in the United States, China, Europe, Japan, Korea, Southeast Asia, and Taiwan. Its manufacturing facilities are located in the United States, Austria, Malaysia, Taiwan, and Korea. The company is expanding its global footprint with a planned manufacturing facility in India and already has an engineering center in Bengaluru, aiming to build a flexible supply chain and manufacturing network.

Lam Research has maintained a strong brand reputation, named one of Fortune's World's Most Admired Companies and recognized as one of the World's Most Ethical Companies by Ethisphere for the third consecutive year. The company also received a score of 100 on the Human Rights Campaign's Corporate Equality Index and was recognized on the Dow Jones Sustainability Index North America.

Lam Research Corp. is primarily owned by institutional shareholders, holding approximately 79.86% of the company's stock. Major institutional owners include Vanguard Group Inc., BlackRock, Inc., and State Street Corp.