New to Investing? This 1 Computer and Technology Stock Could Be the Perfect Starting Point
Building an investment portfolio from scratch can be difficult, especially if you're new to investing. It's easy to feel overwhelmed with so many different investment options out there, but focusing on stocks that are set to outperform the market over the next 12 months is an excellent place to start.
Now, let's take a deep dive into a great stock that could be just the right addition to your portfolio.
Why You Should Pay Attention to Lam Research (LRCX)
Headquartered in Fremont, CA, Lam Research Corporation supplies wafer fabrication equipment and services to the semiconductor industry. In addition, it serves the related markets that rely on semiconductor processes and require production-proven manufacturing capabilities, such as complementary metal-oxide-semiconductor image sensors and micro-electromechanical systems (MEMS).
Since being added to the Zacks Focus List on December 5, 2016 at $100.49 per share, shares of LRCX have increased 693.49% to $797.38.
One analyst revised their earnings estimate higher in the last 60 days for fiscal 2025, while the Zacks Consensus Estimate has increased $0.02 to $35.20. LRCX also boasts an average earnings surprise of 8.7%.
Moreover, analysts are expecting Lam Research's earnings to grow 17.6% for the current fiscal year.
Since stock prices respond to earnings estimate revisions, it can be very profitable to buy stocks with an increased earnings outlook. By buying a Focus List stock like LRCX, then, you're likely getting into a company whose future earnings estimates will be raised, potentially leading to price momentum.
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Lam Research Corporation (LRCX) : Free Stock Analysis Report