#2 - Lam Research (NASDAQ:LRCX)
Lam Research Corporation (NASDAQ: LRCX) is another picks-and-shovel semiconductor stock that may be in line for a stock split. The company has issued two splits in its history. The most recent being a 3-for-1 split in 2000.
Lam Research makes the essential and specialized equipment that foundries need to make semiconductor chips. We are only at the beginning of what is likely to be a multi-year cycle where demand for chips will outpace supply. That makes it a good time for companies like Lam to consider making its stock more attractive to retail investors.
LRCX stock is up 97% in the last 12 months and a whopping 819% in the last five years. However, as the stock price has gone up, the volume of shares traded is down. As of March 21, 2024, LRCX stock is trading at a volume that's about 29% lower than its trailing 12-month (TTM) average.
At $999.29 per share as of this writing, the stock is reaching a level where a stock split may be desirable.
About Lam Research
Lam Research Corporation designs, manufactures, markets, refurbishes, and services semiconductor processing equipment used in the fabrication of integrated circuits. The company offers ALTUS systems to deposit conformal films for tungsten metallization applications; SABRE electrochemical deposition products for copper interconnect transition that offers copper damascene manufacturing; SOLA ultraviolet thermal processing products for film treatments; and VECTOR plasma-enhanced CVD ALD products.
Read More - Current Price
- $73.05
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 14 Buy Ratings, 6 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $97.03 (32.8% Upside)
