LAM Research: Cramer's Top Takeaways - TheStreet

Did you miss last night's "Mad Money" on CNBC? If so, here are some of Jim Cramer's top takeaways.

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In his second "Executive Decision" segment, Cramer also checked in with Martin Anstice, president and CEO of LAM Research (LRCX) - Get Report , the semiconductor equipment maker which just posed a five-cents-a-share earnings beat on a 15% increase in revenues -- news that spawned seven analyst upgrades but also saw shares decline by 2.2%.

Anstice explained that there are a number of secular trends powering LAM's growth and a strong diversity in the products and technology that it offers. Whether you're talking about virtual reality, autonomous cars or the connected home, LAM helps enable the roadmap for many companies and industries.

Anstice continued by saying that traditional PCs only account for 10% of the logic power in the world and LAM is helping to power the next generation of devices that we haven't even seen yet.

Shares of LAM are up 66% over the past year. Cramer called today's weakness simply, "an opportunity."

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At the time of publication, Cramer's Action Alerts PLUS had no position in stocks mentioned.