LAM RESEARCH CORP (NASDAQ:LRCX) – A Strong Growth Stock with Technical Breakout Potential

LAM RESEARCH CORP (NASDAQ:LRCX) was identified by our screener as a strong growth stock with a favorable technical setup. The company combines solid fundamental growth metrics with a bullish price pattern, making it worth a closer look for investors seeking growth opportunities.

Fundamental Strengths

• Growth: LRCX has demonstrated strong revenue and earnings growth, with a 20.33% increase in revenue over the past year and an EPS growth rate of 28.78%. Future estimates suggest continued expansion, with expected annual EPS growth of 15.06%.
• Profitability: The company earns a high profitability rating of 9/10, with standout metrics like a 27.19% profit margin and a 32.17% return on invested capital (ROIC), outperforming most peers in the semiconductor industry.
• Financial Health: LRCX maintains a solid financial position with a 7/10 health rating. Its debt levels are manageable, and it generates strong cash flows, supporting further growth initiatives.

Technical Setup

• Trend Strength: Both short-term and long-term trends are positive, with the stock recently hitting a 52-week high.
• Support & Resistance: Key support lies near $98.70-$100.67, while resistance is seen around $101.75. A breakout above this level could signal further upside.
• Consolidation: The stock has been trading in a wide range over the past month but is now testing the upper bounds, suggesting potential for a continuation of the uptrend.

For a deeper dive into the fundamentals, review the full fundamental analysis report. The technical analysis report provides additional insights into price action and key levels.

Our Strong Growth Stocks with Good Technical Setup Ratings screener lists more stocks meeting these criteria and is updated daily.

Disclaimer

This is not investing advice! The article highlights observations at the time of writing, but you should always conduct your own analysis before making investment decisions.