Lam Research Corp (NASDAQ:LRCX)

CAPS Rating: 4 out of 5

Design, manufacture, market, and service semiconductor processing equipment used in the fabrication of integrated circuits and are recognized as a major supplier of such equipment to the semiconductor industry.

Recs

0
Player Avatar cibient (< 20) Submitted: 9/28/2011 1:08:04 PM : Outperform Start Price: $38.37 LRCX Score: -12.89

MFI top 50 screener match. The broad thinking is that semis are entering a cyclical downturn, so P/Es are extremely low across the board (as evidenced by Trailing P/E 6.6, Forward P/E 10). But LRCX has a ton of cash on hand to weather the downturn.EV/EBITDA = 3.8, $2B of cash on hand with only $750M of LT debt.Cons: 3.8% of the float is sold short, no insider buying.

Report this Post Reply

Featured Broker Partners


Advertisement