Lam Research vs. KLA: Is Faster Growth Worth Paying More for Cash Flow?

Lam Research Corporation (NASDAQ:LRCX) is growing faster than KLA Corporation (NASDAQ:KLAC). Yet at October 5 prices, the two semiconductor-equipment stocks carried similar consensus forward earnings multiples, while Lam cost more relative to trailing free cash flow. Investors choosing between them need to decide whether Lam’s stronger current growth compensates for that cash-flow premium. On September […]