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Barchart
Barchart
Mark R. Hake, CFA

Lam Research Corp's Strong FCF Margins From AI-Related Chip Equipment Sales Shows LRCX Stock is Cheap

LRCX Lam Research Lam Lam Research Corp ITM NTM Barchart OTM Semiconductor

Lam Research Corp. (LRCX) generated a strong 30% FCF margin on semiconductor equipment sales in its latest quarter. That could bode well for LCRX stock, which may be undervalued by almost 19% based on its FCF margins and analysts' revenue estimates.

LRCX is at $156.31 in midday trading on Monday, Oct. 27, with a market capitalization of $197.2 billion according to Yahoo! Finance. The stock has been on a tear in the last 3 months, and should have more to go, as we will see below.

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