Lam Research Corporation (NASDAQ:LRCX) is one of the 10 Stocks to Buy and Sell in 2025: Top Analyst Calls.
Lucas Downey from MoneyFlows talked about Lam Research Corporation (NASDAQ:LRCX) during a latest program on Schwab Network. He believes Lam Research is one of the top semiconductor stocks to buy on the dip.
“Semiconductors have been super hot, a name that I’ve owned for a number of years and continue to buy on dips, Lam Research. So, as AI continues to just gather steam and devices continue to get smaller, these are the types of companies that are going to win and they’re going to lead. Just last quarter back in April, they gave earnings. They set their expectations well above the street. Those are the types of companies you want to be betting on on any type of pullback. And we know semiconductors can get very volatile, especially heading into earnings.”
Appalaches Capital stated the following regarding Lam Research Corporation (NASDAQ:LRCX) in its Q1 2025 investor letter:
“We also initiated positions in ASML Holding N.V. (ASML) and Lam Research Corporation (NASDAQ:LRCX), companies that manufacture capital equipment for the semiconductor industry. You may be wondering if I have been “red-pilled” by A.I. after being so iconoclastic to the trend just a year ago. Not quite. Despite all of the attention being given to Artificial Intelligence, the rest of the semiconductor industry, like memory and trailing-edge nodes, has been recovering out of a cyclical trough. Semiconductor foundries have additionally announced large increases to their capital expenditure budgets, which flow directly into the backlogs of companies like ASML and Lam. After a long period of consolidation, both operate in a highly consolidated industry structure with little to no competition. Both companies have smart and disciplined capital allocation, returning most of their cash flows to shareholders through large repurchase programs. While not thought of as traditional value stocks (despite having healthy free cash flow yields), I have a very favorable view of the industry broadly.
