5 Best Semiconductor Stocks to Buy According to Billionaires

4. Lam Research Corporation (NASDAQ:LRCX)

Number of Billionaire Holders: 38

On June 11, Barclays analyst Tom O’Malley raised his price target on Lam Research Corporation (NASDAQ:LRCX) to $335 from $275. The analyst maintained an “Overweight” rating on the shares. He pointed out a wafer-fab-equipment capital spending cycle that appears “much stronger across the board.” O’Malley said industry sales could exceed $200 billion in 2027. He also added that investors have already shifted their focus toward 2028 demand projections.

On June 23, BofA raised Lam Research Corporation (NASDAQ:LRCX)’s price target to $480 from $330. The analyst is bullish and maintains a “Buy” rating on the stock. BofA updated semiconductor industry models and lifted its 2030 total addressable market forecast to $2.7 trillion from $2.3 trillion. The firm attributed the increase primarily to expected growth in memory and data-center markets, along with a recovery in automotive and industrial demand.

Lam Research Corporation (NASDAQ:LRCX) designs, manufactures, markets, and provides semiconductor processing equipment used in the fabrication of integrated circuits. It functions through United States, China, Europe, Japan, Korea, Southeast Asia and Taiwan segments.