Benzinga | Nov 30, 2021 04:11PM EST

$100 Invested In This Stock Over The Last 15 Years, Would Be Worth This Much

Lam Research (NASDAQ:LRCX) has outperformed the market over the past 15 years by 10.07% on an annualized basis.

Buying $100.00 In LRCX: 15 years ago, an investor could have purchased 1.86 shares of Lam Research at the time with $100.00. This investment in LRCX would have produced an average annual return of 18.3%. Currently, Lam Research has a market capitalization of $94.15 billion.

Lam Research's Share Price Over Last 15 Years

If you had invested $100.00 in Lam Research you would have approximately $1,399.30 today.

In other words, you would have more than 10X'd your money.

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.

You can check out Benzinga's market data in an enhanced view on Benzinga Pro

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