I think Lam Research Corporation ($LRCX) is a Possible Buy. It currently should be $375. Confident Investor Rating: Good
|Company name||Lam Research Corporation|
|Live stock price||[stckqut]LRCX[/stckqut]|
|P/E compared to competitors||Good|
|Return on Assets growth||Good|
|Income / Rev growth||Good|
|Weighted ann. stock price increase||Good|
|Confident Investor Rating||Good|
|Target stock price (TWCA growth scenario)||$439.4|
|Target stock price (averages with growth)||$2616.54|
|Target stock price (averages with no growth)||$1332.94|
|Target stock price (manual assumptions)||$463.52|
The following company description is from Reuters: https://finance.yahoo.com/quote/lrcx/profile?p=lrcx
Lam Research Corporation designs, manufactures, markets, refurbishes, and services semiconductor processing equipment used in the fabrication of integrated circuits worldwide. The company offers ALTUS systems to deposit conformal films for tungsten metallization applications; SABRE electrochemical deposition product for copper damascene manufacturing; SOLA ultraviolet thermal processing products for film treatment; SPEED gapfill high-density plasma chemical vapor deposition (CVD) products; Striker single-wafer atomic layer deposition (ALD) products; and VECTOR plasma-enhanced CVD ALD products. It also provides Flex for dielectric etch applications; Kiyo for conductor etch applications; Syndion for through-silicon via etch applications; and Versys metal products for metal etch processes. In addition, the company offers Coronus bevel clean products to enhance die yield; Da Vinci, DV-Prime, EOS, and SP to address a range of wafer cleaning appplications; and Metryx mass metrology systems for high precision in-line mass measurement in semiconductor wafer manufacturing. The company was founded in 1980 and is headquartered in Fremont, California.
Confident Investor comments: At this price and at this time, I think that a Confident Investor can confidently invest in Lam Research Corporation as long as the indicators that I describe in my book The Confident Investor are favorable.
If you would like to understand how to evaluate companies like I do on this site, please read my book, The Confident Investor. You can review the best companies that I have found (and I probably invest my own money in most of these companies) in my Watch List.
How was this analysis of Lam Research Corporation calculated?
For owners of my book, “The Confident Investor” I offer the following analysis (you must be logged in to this site as a book owner in order to see the following analysis). If you have registered and cannot see the balance of this article, make sure you are logged in and refresh your browser.
In order to assist you in using the techniques of this book, the values that I used when calculating the Manual pricing above were:
- Stock price at the time of the calculation: $284.52
- Growth: 0.2
- Current EPS (TTM): $15
- P/E: 20
- Future EPS Calc: $37.32
- Future Stock Price Calc: $746.49
- Target stock price: $463.51
I hope that this makes you a Confident Investor.