Here’s Why You Should Consider Investing in Lam Research Corp. (LRCX)

Vulcan Value Partners, an investment management firm, published its “Vulcan Value Partners Large Cap Fund” fourth quarter 2021 investor letter – a copy of which can be downloaded here. Vulcan’s Large Cap Composite Fund delivered a 1.2% net return for the fourth quarter of 2021, compared to its benchmarks, the Russell 1000 Value Index and S&P 500 Index which delivered 7.8% and 11% returns respectively for the same period. Spare some time to check the fund’s top 5 holdings to have a clue about their top bets for 2022.

Vulcan Value Partners Large Cap Fund, in its Q4 2021 investor letter, mentioned Lam Research Corporation (NASDAQ:LRCX) and discussed its stance on the firm. Founded in 1980, Lam Research Corporation (NASDAQ:LRCX) is a Fremont, California-based semiconductor company with a $74.0 billion market capitalization, and is currently spearheaded by its CEO, Timothy Archer. Lam Research Corporation (NASDAQ:LRCX) delivered a -26.16% return since the beginning of the year, while its 12-month returns are down by -3.88%. The stock closed at $530.99 per share on March 22, 2022.

Here is what Vulcan Value Partners Large Cap Fund has to say about Lam Research Corporation (NASDAQ:LRCX) in its Q4 2021 investor letter:

“Lam Research Corp. was a material contributor during the quarter. The company designs and manufactures equipment used in the fabrication of semiconductors. Consolidation and key shifts within the industry have improved the company’s competitive position in the industry and are driving demand for more complex capital equipment. The company’s near-term outlook improved during the quarter as customers announced plans to increase capital spending.”

Photo by Christian Wiediger on Unsplash

Our calculations show that Lam Research Corporation (NASDAQ:LRCX) failed to obtain a mark on our list of the 30 Most Popular Stocks Among Hedge Funds. Lam Research Corporation (NASDAQ:LRCX) was in 62 hedge fund portfolios at the end of the fourth quarter of 2021, compared to 47 funds in the previous quarter. Lam Research Corporation (NASDAQ:LRCX) delivered a -23.18% return in the past 3 months.

In January 2022, we also shared another hedge fund’s views on Lam Research Corporation (NASDAQ:LRCX) in another article. You can find other letters from hedge funds and prominent investors on our hedge fund investor letters 2021 Q4 page.

Disclosure: None. This article is originally published at Insider Monkey.