Part of the weekly research here at The Acquirer’s Multiple features some of the top picks from our Stock Screeners and some top investors who are holding these same picks in their portfolios. Investors such as Warren Buffett, Joel Greenblatt, Carl Icahn, Jim Simons, Prem Watsa, Jeremy Grantham, Seth Klarman, Ray Dalio, and Howard Marks.
The top investor data is provided from their latest 13F’s (dated 2018-9-30). This week we’ll take a look at:
Lam Research Corporation (NASDAQ: LRCX)
Lam Research manufactures equipment used to fabricate semiconductors. The firm is focused on the etch, deposition, and clean markets, which are key steps in the semiconductor manufacturing process. Lam’s flagship Kiyo, Vector, and Sabre products are sold in all major geographies to key customers such as Samsung Electronics and Taiwan Semiconductor Manufacturing.
A quick look at the price chart below for Lam Research shows us that the stock is down 31% in the past twelve months. We currently have the stock trading on an Acquirer’s Multiple of 6.69 which means that it remains undervalued.
(SOURCE: GOOGLE FINANCE)
Superinvestors who currently hold positions in Lam Research include:
Cliff Asness – 1,928,965 total shares
Lee Ainslie – 1,601,501 total shares
David Tepper – 1,175,000 total shares
Jim Simons – 998,956 total shares
Joel Greenblatt – 231,160 total shares
Ken Griffin – 72,938 total shares
Jim O’Shaughnessy – 39,216 total shares
Paul Tudor Jones – 31,900 total shares
Ray Dalio – 16,817 total shares
For all the latest news and podcasts, join our free newsletter here.
Don’t forget to check out our FREE Large Cap 1000 – Stock Screener, here at The Acquirer’s Multiple: