Lam Research (LRCX) Stock Price, News & Analysis

Company Overview

Lam Research Corporation (NASDAQ:LRCX) is a leading global supplier of wafer fabrication equipment and services to the semiconductor industry. Founded in 1980 and headquartered in Fremont, California, the company has grown to become a critical partner for chipmakers seeking to build advanced logic and memory devices. Over four decades, Lam Research has developed a reputation for pioneering innovations in etch, deposition and cleaning technologies that enable the miniaturization and performance improvements of integrated circuits.

The company’s product portfolio spans multiple process steps in the semiconductor manufacturing route. Lam’s flagship etch systems facilitate the precise removal of material layers, while its deposition platforms deliver uniform thin films essential for transistor gates and interconnect structures. In addition, Lam offers cleaning and surface preparation tools that ensure defect-free wafers and reliable device operation. The integration of end-to-end solutions allows customers to streamline their fabs and accelerate time-to-market for next-generation chips.

Lam Research serves a broad geographic footprint, with major research, manufacturing and service centers across North America, Europe and Asia. Its customer base includes the world’s leading foundries, logic and memory chip producers, particularly in Taiwan, South Korea, China and Japan. By maintaining close collaboration with advanced research institutes and chip manufacturers, Lam adapts its roadmap to industry trends such as 3D NAND, extreme ultraviolet (EUV) lithography and advanced packaging.

Leadership at Lam Research is focused on driving innovation and operational excellence. Under the guidance of President and CEO Tim Archer, the company invests heavily in research and development to tackle the technical challenges of nodes below five nanometers. Lam’s commitment to sustainability and supply chain resilience further underscores its strategic priorities, positioning the firm to support the accelerating demands of the global semiconductor ecosystem.

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Key Stats

• Today's Range: $96.39 to $98.02
• 50-Day Range: $62.39 to $97.20
• 52-Week Range: $56.32 to $113.00
• Volume: 10.78 million shs
• Average Volume: 12.27 million shs
• Market Capitalization: $124.33 billion
• P/E Ratio: 27.09
• Dividend Yield: 0.95%
• Price Target: $93.97
• Consensus Rating: Moderate Buy

Lam Research Stock Analysis - MarketRank™

Lam Research scored higher than 90% of companies evaluated by MarketBeat, and ranked 82nd out of 670 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.4 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Lam Research has received a consensus rating of Moderate Buy. The company's average rating score is 2.79, and is based on 17 buy ratings, 6 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Lam Research has been the subject of 15 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: 1.35%

Earnings Growth

Earnings for Lam Research are expected to grow by 1.35% in the coming year, from $3.71 to $3.76 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Lam Research is 27.09, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 24.88.

Price to Earnings Ratio vs. Sector

The P/E ratio of Lam Research is 27.09, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 35.66.

Price to Earnings Growth Ratio

Lam Research has a PEG Ratio of 1.37. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Lam Research has a P/B Ratio of 14.89. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 4.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.95% of the float of Lam Research has been sold short.

Short Interest Ratio / Days to Cover

Lam Research has a short interest ratio ("days to cover") of 2.1, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Lam Research has recently decreased by 0.16%, indicating that investor sentiment is improving.

Dividend

• Score: 3.3 / 5
• Dividend Strength: Strong

Dividend Yield

Lam Research has a dividend yield of 0.95%, which is in the bottom 25% of all stocks that pay dividends.

Dividend Growth

Lam Research has been increasing its dividend for 10 years.

Dividend Coverage

The dividend payout ratio of Lam Research is 25.63%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Lam Research will have a dividend payout ratio of 24.47% next year. This indicates that Lam Research will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 2.5 / 5
• Environmental Score: -0.64

Percentage of Shares Shorted

1.95% of the float of Lam Research has been sold short.

Short Interest Ratio / Days to Cover

Lam Research has a short interest ratio ("days to cover") of 2.1, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Lam Research has recently decreased by 0.16%, indicating that investor sentiment is improving.

News and Social Media

• Score: 3.5 / 5
• News Sentiment: 1.39

News Sentiment

Lam Research has a news sentiment score of 1.39. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.82 average news sentiment score of Computer and Technology companies.

News Coverage This Week

MarketBeat has tracked 44 news articles for Lam Research this week, compared to 38 articles on an average week.

Search Interest

59 people have searched for LRCX on MarketBeat in the last 30 days. This is an increase of 2% compared to the previous 30 days.

MarketBeat Follows

Only 20 people have added Lam Research to their MarketBeat watchlist in the last 30 days. This is a decrease of -13% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Lam Research insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 0.29% of the stock of Lam Research is held by insiders.

Percentage Held by Institutions

84.61% of the stock of Lam Research is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

LRCX Stock Analysis - Frequently Asked Questions

How have LRCX shares performed this year?

Lam Research's stock was trading at $72.23 on January 1st, 2025. Since then, LRCX stock has increased by 34.6% and is now trading at $97.20.
View the best growth stocks for 2025 here.

How were Lam Research's earnings last quarter?

Lam Research Corporation (NASDAQ:LRCX) posted its quarterly earnings data on Wednesday, April, 23rd. The semiconductor company reported $1.04 EPS for the quarter, beating the consensus estimate of $1.00 by $0.04. The company's revenue was up 24.4% compared to the same quarter last year.
Read the conference call transcript.

When did Lam Research's stock split?

Lam Research shares split before market open on Thursday, October 3rd 2024.The 10-1 split was announced on Tuesday, May 21st 2024. The newly minted shares were distributed to shareholders after the closing bell on Wednesday, October 2nd 2024. An investor that had 100 shares of stock prior to the split would have 1,000 shares after the split.

Is Lam Research buying back stock?

Lam Research's board authorized a stock buyback program on Tuesday, May 21st 2024, which authorizes the company to buy back $10,000,000,000 in outstanding shares, according to EventVestor. This means that the company could purchase up to 8.1% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's leadership believes its stock is undervalued.

Does Lam Research have any subsidiaries?

The following companies are subsidiaries of Lam Research: Coventor, Novellus Systems, Straatum Processware, SEZ, Bullen Semiconductor, Coventor Inc., Coventor Korea Limited, and others.

How do I buy shares of Lam Research?

Shares of LRCX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.

What other stocks do shareholders of Lam Research own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Lam Research investors own include Broadcom (AVGO), BlackRock (BLK), NVIDIA (NVDA), UnitedHealth Group (UNH), ServiceNow (NOW), Meta Platforms (META) and The Goldman Sachs Group (GS).

Company Calendar

• Record date for 4/9 Dividend: 3/05/2025
• Ex-Dividend for 4/9 Dividend: 3/05/2025
• Dividend Payable: 4/09/2025
• Last Earnings: 4/23/2025
• Record date for 7/9 Dividend: 6/18/2025
• Ex-Dividend for 7/9 Dividend: 6/18/2025
• Today: 6/30/2025
• Fiscal Year End: 6/30/2025
• Dividend Payable: 7/09/2025
• Next Earnings (Estimated): 7/30/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Computer and Technology
• Industry: ELEC COMP - SEMIC
• Sub-Industry: Semiconductor Equipment
• Current Symbol: NASDAQ:LRCX
• CIK: 707549
• Web: www.lamresearch.com
• Phone: (510) 572-0200
• Fax: 510-572-6454
• Employees: 17,450
• Year Founded: 1980

Price Target and Rating

• Average Stock Price Target: $93.97
• High Stock Price Target: $125.00
• Low Stock Price Target: $70.00
• Potential Upside/Downside: -3.3%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.79
• Research Coverage: 24 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $3.59
• Trailing P/E Ratio: 27.09
• Forward P/E Ratio: 26.20
• P/E Growth: 1.37
• Net Income: $3.83 billion
• Net Margins: 27.18%
• Pretax Margin: 31.12%
• Return on Equity: 53.21%
• Return on Assets: 24.07%

Debt

• Debt-to-Equity Ratio: 0.39
• Current Ratio: 2.45
• Quick Ratio: 1.64

Sales & Book Value

• Annual Sales: $14.91 billion
• Price / Sales: 8.34
• Cash Flow: $3.33 per share
• Price / Cash Flow: 29.16
• Book Value: $6.53 per share
• Price / Book: 14.89

Miscellaneous

• Outstanding Shares: 1,279,120,000
• Free Float: 1,275,409,000
• Market Cap: $124.33 billion
• Optionable: Optionable
• Beta: 1.65