In its first-quarter 2026 investor letter, Artisan Value Fund highlighted Lam Research Corporation (NASDAQ:LRCX) as a notable contributor.
Lam Research Corporation (NASDAQ:LRCX) is a leading semiconductor equipment company that supplies semiconductor processing equipment for the fabrication of integrated circuits
On May 22, 2026, Lam Research Corporation (NASDAQ:LRCX) closed at $305.35 per share. One-month return of Lam Research Corporation (NASDAQ:LRCX) was 17.68%, and its shares gained 276.70% over the past 52 weeks. Lam Research Corporation (NASDAQ:LRCX) has a market capitalization of $381.86 billion.
Artisan Value Fund stated the following regarding Lam Research Corporation (NASDAQ:LRCX) in its Q1 2026 investor letter: “Outside of the energy sector, Lam Research Corporation (NASDAQ:LRCX) was our largest gainer. Lam Research, a global leader in wafer fabrication equipment (WFE) used in semiconductor manufacturing, continues to see strong demand for its chipmaking tools, supported by the ongoing, large-scale buildout of data centers running AI applications. In its most recent quarter, the company not only met the Street’s elevated expectations but also raised its 2026 guidance, as it now expects WFE sales to grow a better-than-anticipated 23% year over year.