If You Invested $1000 In This Stock 20 Years Ago, You Would Have $28,000 Today

Lam Research LRCX has outperformed the market over the past 20 years by 9.6% on an annualized basis producing an average annual return of 18.1%. Currently, Lam Research has a market capitalization of $93.80 billion.

Buying $1000 In LRCX: If an investor had bought $1000 of LRCX stock 20 years ago, it would be worth $28,027.28 today based on a price of $72.37 for LRCX at the time of writing.

Lam Research's Performance Over Last 20 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.