The Best Semi Stock for Your Buck

by Sam Collins | July 29, 2010 9:00 am

Lam Research Corporation (NASDAQ: LRCX[1]) — 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.

If you have questions or comments for Sam Collins, please e-mail him at samailc@cox.net[2].

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Source URL: https://investorplace.com/2010/07/stock-picks-lam-research-corporation-lrcx/

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