Shares of semiconductor fabrication equipment manufacturer Lam Research (LRCX) have been under some considerable selling pressure of late, plunging nearly 40% from peak to trough before recovering in late May. Amid recession woes and the tech sector's ongoing valuation reset, Lam Research has been unable to make it through the rough waters unscathed. Shares of LRCX were never alarmingly expensive, even at its peak above $700 per share. At just north of $500 per share, LRCX stock looks like a value play in tech with its modest 16.1 times trailing earnings multiple alongside a 1.2% dividend yield. Still, the chip space has been ravaged by COVID-induced supply challenges.
https://www.tipranks.com/news/article/lam-research-stock-could-power-through-the-next-recession?utm_source=advfn.com&utm_medium=referral
Lam Research (NASDAQ:LRCX)
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