If You Invested $1000 In This Stock 5 Years Ago, You Would Have $2,700 Today

Lam Research LRCX has outperformed the market over the past 5 years by 12.3% on an annualized basis producing an average annual return of 21.63%. Currently, Lam Research has a market capitalization of $71.12 billion.

Buying $1000 In LRCX: If an investor had bought $1000 of LRCX stock 5 years ago, it would be worth $2,718.47 today based on a price of $527.03 for LRCX at the time of writing.

Lam Research's Performance Over Last 5 Years

Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.

This article was generated by Benzinga's automated content engine and reviewed by an editor.