Lam Research Corporation (LRCX) Rated as a Hold at HSBC amid Wafer Fab Equipment Opportunity

Lam Research Corporation (NASDAQ:LRCX) is one of the high-growth semiconductor stocks that are profitable in 2025. On September 30, analysts at HSBC initiated coverage of the stock with a “Hold” rating and a target price of $127.

The hold rating comes as HSBC expects the company to benefit from growing demand for wafer fab equipment and expansion of the available market. Lam Research already boasts a strong market position with an impressive 23.7% revenue growth over the past 12 months.

Amid robust revenue growth, HSBC has warned that growth outperformance over wafer fab equipment could slow due to tough comparisons in the foundry and NAND end markets. Nevertheless, it expects earnings per share to grow at a compound annual growth rate of 15.7% between 2025 and 2030.

Lam Research Corporation (NASDAQ:LRCX) is a global supplier that designs, manufactures, and services wafer fabrication equipment and process technologies for the semiconductor industry, enabling the creation of smaller, faster, and more powerful electronic devices.

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Disclosure: None. This article is originally published at Insider Monkey.