5 Best Growth Stocks To Buy According To Ray Dalio

4. Lam Research Corporation (NASDAQ:LRCX)

Number of Hedge Fund Holders: 58    

Lam Research Corporation (NASDAQ:LRCX) is a California-based firm that makes and sells semiconductor processing equipment. It is ranked fourth on our list of 11 best growth stocks to buy according to Ray Dalio. According to regulatory filings, Bridgewater Associates owned 36,506 shares in the company at the end of June 2021 worth $23.7 million, representing 0.15% of the portfolio.  

On September 21, investment advisory UBS maintained a Buy rating on Lam Research Corporation (NASDAQ:LRCX) stock but lowered the price target to $715 from $780, predicting moderation in spending of semiconductor firms through to 2022. 

At the end of the second quarter of 2021, 58 hedge funds in the database of Insider Monkey held stakes worth $3.7 billion in Lam Research Corporation (NASDAQ:LRCX) , up from 54 the preceding quarter worth $3.1 billion.