5 Best Semiconductor Equipment Stocks to Invest In

2. Lam Research Corporation (NASDAQ:LRCX)

Number of Hedge Fund Holders: 67

Lam Research Corporation (NASDAQ:LRCX) is a California-based company that provides manufacturing and servicing of semiconductor processing systems.

On February 8, Lam Research Corporation (NASDAQ:LRCX) declared a quarterly dividend of $2.00, payable by April 3 to the shareholders of record on March 13. At the time of writing on February 23, the stock’s dividend was 0.86%.

According to Insider Monkey’s database, 67 hedge funds had investments in Lam Research Corporation (NASDAQ:LRCX)’s stock in the fourth quarter. Fisher Asset Management was the most significant investor in the company, with 2.97 million shares worth $2.328 billion, representing 1.14% of the investment portfolio.

Vulcan Value Partners commented on Lam Research Corporation (NASDAQ:LRCX) in its third quarter 2023 investor letter. Here is what it said:

“Lam Research Corporation (NASDAQ:LRCX) designs and manufactures equipment used in the fabrication of semiconductors. Lam is a wonderful business with great long-term prospects. The company has shown tremendous financial resilience against what is currently a challenging industry backdrop. After a significant increase in its stock price over the last year, our margin of safety narrowed. We followed our discipline and sold our position to reallocate capital into businesses with larger discounts.”