Markets

The Best Semi Stock for Your Buck

Lam Research Corporation (NASDAQ: LRCX ) - This company supplies wafer fabrication equipment and services to the semiconductor industry.

The stock has been in a bull market since 2002, going as high as $60 and as low as $15 during that time.

Credit Suisse Equity Research said that Lam is the cheapest large-cap stock in its industry. It recently raised its earnings estimates from $3.47 to $4.63, and upped its price target to $52.

Technically the stock is in a powerful bull market with support at its 200-day moving average and its bullish support line.

LRCX is a volatile stock, so it could pull back to below $40 before breaking through the complex triple-top at $44. A break from $44 could yield a target of $55. It would be wise to enter a stop-loss order at $36.

LRCX Stock Chart

Chart Key

If you have questions or comments for Sam Collins, please e-mail him at samailc@cox.net .

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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