Lam Research (LRCX) Stock Price, News & Analysis

Company Overview

Lam Research Corporation designs, manufactures, markets, refurbishes, and services semiconductor processing equipment used in the fabrication of integrated circuits. The company offers ALTUS systems to deposit conformal films for tungsten metallization applications; SABRE electrochemical deposition products for copper interconnect transition that offers copper damascene manufacturing; SOLA ultraviolet thermal processing products for film treatments; and VECTOR plasma-enhanced CVD ALD products. It also provides SPEED gapfill high-density plasma chemical vapor deposition products; and Striker single-wafer atomic layer deposition products for dielectric film solutions. In addition, the company offers Flex for dielectric etch applications; Kiyo for conductor etch applications; Syndion for through-silicon via etch applications; and Versys metal products for metal etch processes. Further, it provides Coronus bevel clean products to enhance die yield; Da Vinci, DV-Prime, EOS, and SP series products to address various wafer cleaning applications; and Metryx mass metrology systems for high precision in-line mass measurement in semiconductor wafer manufacturing. The company sells its products and services to semiconductors industry in the United States, China, Europe, Japan, Korea, Southeast Asia, Taiwan, and internationally. The company was incorporated in 1980 and is headquartered in Fremont, California.

Key Stats

• Today's Range: $97.03 to $98.62
• 50-Day Range: $80.32 to $101.74
• 52-Week Range: $56.32 to $102.59
• Volume: 4.03 million shs
• Average Volume: 11.93 million shs
• Market Capitalization: $125.06 billion
• P/E Ratio: 27.24
• Dividend Yield: 0.94%
• Price Target: $100.57
• Consensus Rating: Moderate Buy

Lam Research Stock Analysis - MarketRank™

Lam Research scored higher than 87% of companies evaluated by MarketBeat, and ranked 121st out of 657 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 11 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 27.33, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 26.71.

Price to Earnings Ratio vs. Sector

The P/E ratio of Lam Research is 27.33, 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 34.28.

Price to Earnings Growth Ratio

Lam Research has a PEG Ratio of 1.38. 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 15.01. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

2.41% 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 2.7, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Lam Research has recently increased by 23.28%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 3.3 / 5
• Dividend Strength: Strong

Dividend Yield

Lam Research has a dividend yield of 0.90%, 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

2.41% 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 2.7, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Lam Research has recently increased by 23.28%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 3.5 / 5
• News Sentiment: 1.23

News Sentiment

Lam Research has a news sentiment score of 1.23. 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 0.73 average news sentiment score of Computer and Technology companies.

News Coverage This Week

MarketBeat has tracked 40 news articles for Lam Research this week, compared to 41 articles on an average week.

Search Interest

73 people have searched for LRCX on MarketBeat in the last 30 days. This is an increase of 28% compared to the previous 30 days.

MarketBeat Follows

47 people have added Lam Research to their MarketBeat watchlist in the last 30 days. This is an increase of 176% 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 at the start of the year. Since then, LRCX shares have increased by 35.7% and is now trading at $98.0240.

How were Lam Research's earnings last quarter?

Lam Research Corporation (NASDAQ:LRCX) announced its earnings results on Wednesday, April, 23rd. The semiconductor company reported $1.04 earnings per share for the quarter, topping the consensus estimate of $1.00 by $0.04. Lam Research'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 market closes 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 initiated a stock buyback program on Tuesday, May 21st 2024, which authorizes the company to repurchase $10,000,000,000 in shares, according to EventVestor. This means that the company could repurchase up to 8.1% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company's management believes its shares are 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 more.

Who are Lam Research's major shareholders?

Top institutional shareholders of Lam Research include Swedbank AB (0.25%), Robeco Institutional Asset Management B.V. (0.14%), Mirae Asset Global Investments Co. Ltd. (0.10%) and Assenagon Asset Management S.A. (0.08%). Insiders that own company stock include Douglas R Bettinger, Timothy Archer, Timothy Archer, Richard A Gottscho, Vahid Vahedi, Seshasayee Varadarajan, Abhijit Y Talwalkar, George M Schisler, Christina Corrreia, Neil J Fernandes, Patrick J Lord, Ava Hahn, Sohail U Ahmed and Christina Correia.
View institutional ownership trends.

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

• Last Earnings: 4/23/2025
• Record date for 7/9 Dividend: 6/18/2025
• Ex-Dividend for 7/9 Dividend: 6/18/2025
• Dividend Payable: 7/09/2025
• Today: 7/24/2025
• Next Earnings (Estimated): 7/30/2025
• Fiscal Year End: 6/30/2026

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 Price Target for Lam Research: $100.57
• High Price Target: $125.00
• Low Price Target: $70.00
• Potential Upside/Downside: +3.6%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.79
• Research Coverage: 24 Analysts

Profitability

• EPS (Trailing Twelve Months): $3.59
• Trailing P/E Ratio: 27.06
• Forward P/E Ratio: 26.17
• P/E Growth: 1.38
• 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: $17.14 billion
• Price / Sales: 7.25
• Cash Flow: $3.31 per share
• Price / Cash Flow: 29.31
• Book Value: $6.53 per share
• Price / Book: 14.87

Miscellaneous

• Outstanding Shares: 1,279,118,000
• Free Float: 1,275,409,000
• Market Cap: $124.20 billion
• Optionable: Optionable
• Beta: 1.68