5 Technology Stocks To Buy That Are Too Cheap To Ignore

4. Lam Research Corporation (NASDAQ:LRCX)

Number of Hedge Fund Investors in Q2 2023: 69

Trailing P/E Ratio: 19.41

Lam Research Corporation (NASDAQ:LRCX) is a backend chip company that sells semiconductor manufacturing equipment. Its shares were upgraded by Needham in October 2023 to Buy from Hold as the firm cited confidence about the demand for its wafer manufacturing products.

By the end of this year’s second quarter, 69 out of the 910 hedge funds polled by Insider Monkey were the firm’s investors. Lam Research Corporation (NASDAQ:LRCX)’s largest hedge fund shareholder is Ken Fisher’s Fisher Asset Management due to its $1.8 billion stake.

Follow Lam Research Corp (NASDAQ:LRCX)