Narrowing Down High-Quality Dividend Growth: Lam Research Is Looking Good

DividendRodeo
1.08K Followers

Summary

  • Many high-quality dividend growth stocks are currently trading at or below fair value based on historical and future estimates.
  • Lam Research serves a growing market with high barriers to entry with excellent financial results indicative of a strong competitive position.
  • Based on historical, and especially future fair value estimates, Lam Research appears to be a very attractive investment currently.
  • Lam Research promises to provide long-term, sustainable dividend growth that compounds at a rate much higher than inflation.
Vibrant Colors on Silicon Wafers

Aaron Hawkins/iStock via Getty Images

Introduction and Background

There's a lot of uncertainty in the current investing environment. If you're looking for someone to predict the future or perfectly time the market, you probably better move on. However, if you’re looking for solid long-term investments that are potentially trading

This article was written by

1.08K Followers
Why DividendRodeo? It's not the wild ride that investing sometimes provides that I'm addicted to, it's that rush that an ever-increasing flow of passive income provides.I do not have a financial background - my background is actually engineering - but I have been a self-directed investor for over 20 years.My investing approach is pretty simple. I believe in prudent living - striving to live an upstanding life of meaning well within my means, prudent working - working hard in my career to maximize value to my employer, and my opportunities for career progression, and prudent investing - investing in high quality instruments at reasonable valuations for the long term.Dividend growth investing fits me very well. I believe I can identify high quality companies at reasonable valuations that I am comfortable holding for the long term. The passive income from the dividends helps me hold through troubled times. Employing automatic dividend reinvestment helps me dollar-cost-average, and the double compounding I get from growth, as well as reinvestment, helps me see the tangible outcome of my efforts.Hang on and enjoy the ride!

Analyst’s Disclosure:I/we have a beneficial long position in the shares of AMGN, ANTM, CAT, CBOE, CSCO, GD, IBM, INTC, LMT, LRCX, MMM, MRK, SNA, SWK, TXN, UPS, V either through stock ownership, options, or other derivatives. 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

About LRCX Stock

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

More on LRCX

Related Stocks

SymbolLast Price% Chg
LRCX
--