RECOMMENDED: Stock to buy for medium to long term

INVESTMENT GUIDE STOCK ANALYSIS

This is a follow up on the the stocks to watch RSS feed on the app Investment Guide  you can also see the Particular post here posted on January 17, 2018. We will be looking at Lam Research Corp  stock.


The following is a description of the Company.

Lam Research Corporation is a supplier of wafer fabrication equipment and services to the semiconductor industry. The Company designs, manufactures, markets, refurbishes and services semiconductor processing systems that are used in the fabrication of integrated circuits (ICs). It operates through manufacturing and servicing of wafer processing semiconductor manufacturing equipment segment. 

The company has raking in significant revenue which obviously  

Chart of Lam Research Corporation: image source: Investing.com

The recent surge strongly suggest an upward momentum that will strongly favour BUY TRADES in the medium to long term. If you are familiar with RSI you may want to be careful around buying at  a stock at a value which is over 70 and that is the case now. However since we are considering the medium to long term return of the stock this may not be relevant. The dividend of this company also currently stands at $0.5 having been increased from $0.45 last year

The downside to buying the stock on the long term is the agreement to company recently announced a   $2 billion share repurchase authorization which if triggered will require owners of shares to sell their Shares back to the company. 

Other than the above points I feel the stock is a a good stock to buy given the potential to soar by 50-100 points this year.

Other data of Lam Research Corporation  (LRCX)  from investing.com