Entering text into the input field will update the search result below

Lam Research Stock: Positioning For An Upside Breakout

Oct. 04, 2021 4:43 PM ETLam Research Corporation (LRCX)8 Comments


  • LRCX continues to consolidate after a big run.
  • Its leverage to rising WFE spending is a big positive.
  • Revenue and margins continue to grow, and the valuation is quite attractive.
  • I do much more than just articles at Timely Trader: Members get access to model portfolios, regular updates, a chat room, and more. Learn More »

Pick up silicon die in silicon wafer in die attach machine in semiconductor manufacturing/negative color

MACRO PHOTO/iStock via Getty Images

Semiconductor stocks are notoriously volatile, owed to their typically high valuations and cyclical nature. However, that creates opportunities to build positions over time, provided you can stomach the price swings. The key is to find a strong stock in

This article was written by

Josh Arnold profile picture

Josh Arnold has been covering financial markets for a decade, utilizing a combination of technical and fundamental analysis to identify potential winners early on in their growth cycles. Josh's focus is mainly on growth stocks. His goal is efficient and profitable use of capital, which overly rigid buy-and-hold strategies do not allow.

Josh is the leader of the investing group Timely Trader where he focuses on limiting risk and maximizing potential reward. Features of Timely Trader include: real-time alerts, a model portfolio, technical charts, sentiment indicators, and sector analysis to find the best trading opportunities. Learn more.

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

Recommended For You

Comments (8)

This article was well-timed. I don't buy into the technical gobbledygook at all; I own this one for dividend growth. The stock price can do what the hell it wants. But the author made a guess that certainly panned out well and deserves credit.
Finally bit on this (500 shares at cost basis of $546.73) . . . See what's what in the next month.
LRCX is a very high-quality company, with excellent management and R&D. Also it is a dividend-growth stock, of all things! If you focus on the dividend alone, you don't have to worry about the strong oscillations in the stock price. That's my strategy. Over time this one is bound to go much higher. Buying Lam anywhere in the $500s is an easy decision.
They will hit their numbers, but the guidance for next quarter and next year will determine the direction of the stock going into 2022….!

Guidance should be lower and yr over yr comparisons interesting…..???????,
PT $750~$800?
Worldwide chip shortage doesn’t make sense this is down so much
@tlapp agreed, but short term anything can happen. Once the market heats back up, this will go up as long as they continue to deliver quality results. (Which they have been doing for quite a while) Certainly I won’t sell a stock with this combo of growth combined with very attractive P/E ratio and dividend.
Great article! Time to buy the dip.
Disagree with this article? Submit your own. To report a factual error in this article, . Your feedback matters to us!

About LRCX

SymbolLast Price% Chg
Market Cap
Yield (TTM)
Rev Growth (YoY)
Short Interest
Prev. Close
Compare to Peers

More on LRCX

Related Stocks

SymbolLast Price% Chg
To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.