5 Semiconductor Stocks To Buy Today According to Billionaire Ken Fisher

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In this piece we will take a look at the top five semiconductor stocks to buy according to billionaire Ken Fisher. For more details about the billionaire hedge fund investor, his fund, and more stocks, head on over to 10 Semiconductor Stocks To Buy Today According to Billionaire Ken Fisher.

5. Lam Research Corporation (NASDAQ:LRCX)

Fisher Asset Management’s Stake Value: $1.29 billion

Percentage of Fisher Asset Management’s 13F Portfolio: 0.72%

Number of Hedge Fund Holders: 63

Lam Research Corporation (NASDAQ:LRCX) is an American company that provides chip manufacturers with equipment to manufacture semiconductors. Its machines are used by all major chipmakers in the world, and they allow them to carry out several phases in the complex chip manufacturing process.

Mr. Fisher’s investment firm had a whopping $1.29 billion stake in Lam Research Corporation (NASDAQ:LRCX) during the fourth quarter of last year. This was through owning 1.8 million shares, and yet, it represented a mere 0.72% of the multi-billion dollar investment portfolio. Insider Monkey’s Q4 2021 survey of 924 hedge funds revealed that 63 had also owned the chipmaking equipment provider’s shares.

Lam Research Corporation (NASDAQ:LRCX) brought in $4.23 billion in revenue and $8.33 in non-GAAP EPS during its second fiscal quarter, beating analyst estimates for both. In a crucial development, the company announced new equipment in February this year, targeting the Gate All-Around (GAA) transistors, which are believed to be the next step in the semiconductor evolution process.

Lam Research Corporation (NASDAQ:LRCX)’s largest investor after Fisher Asset Management is Philippe Laffont’s Coatue Management which owns 860,025 shares worth $618 million, according to Insider Monkey’s research.

In its third quarter 2021 investor letter, ClearBridge Investments mentioned the company and stated that:

  “It was a relatively quiet quarter in terms of portfolio changes, although we took advantage of very strong performance to exit semiconductor equipment manufacturer Lam Research. While Lam has extremely valuable technology and an exceptionally robust secular growth story, it is also highly cyclical, and we chose to exit our position after a period of extraordinary performance.”


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