Jim Cramer Considers Lam Research a "Better Company" Than Applied Materials

Lam Research Corporation (NASDAQ:LRCX) is one of the stocks Jim Cramer discussed recently. During the lightning round, when a caller mentioned that they are a long-term holder of the stock, Cramer commented:

“I’ll tell you, Applied Materials reported tonight, and they did not do a good job. They haven’t done a good job. Lam is a better company. I think tomorrow Lam will be down because of Applied Materials, and then you want to start nibbling at that stock.”

Lam Research Corporation (NASDAQ:LRCX) develops equipment for depositing, etching, and cleaning semiconductor materials. It includes systems for tungsten and copper metallization, plasma and atomic-layer deposition, dielectric and conductor etch, and wafer cleaning. A caller asked about the company’s stock during the September 15 episode and Cramer responded:

“Yeah, someone downgraded Lam Research the other day, and I said, are you out of your mind? That’s the chief intellectual property of semiconductor capital equipment. I think it is still a buy even though it just had this parabolic move, up 65%. Do not sell it. Be a buyer.”

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