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NASDAQ:LRCX

Lam Research (LRCX) Stock Price, News & Analysis

$929.20
+6.53 (+0.71%)
(As of 09:39 AM ET)
Today's Range
$928.62
$938.00
50-Day Range
$731.08
$944.36
52-Week Range
$467.02
$955.99
Volume
36,848 shs
Average Volume
1.05 million shs
Market Capitalization
$121.82 billion
P/E Ratio
35.93
Dividend Yield
0.86%
Price Target
$793.27

Lam Research MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.65 Rating Score
Upside/​Downside
14.0% Downside
$793.27 Price Target
Short Interest
Healthy
2.00% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-0.64
Upright™ Environmental Score
News Sentiment
0.75mentions of Lam Research in the last 14 days
Based on 23 Articles This Week
Insider Trading
Selling Shares
$18.23 M Sold Last Quarter
Proj. Earnings Growth
19.88%
From $28.88 to $34.62 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.70 out of 5 stars

Computer And Technology Sector

56th out of 597 stocks

Special Industry Machinery, Not Elsewhere Classified Industry

2nd out of 13 stocks


LRCX stock logo

About Lam Research Stock (NASDAQ:LRCX)

Lam Research Corporation is a semiconductor equipment manufacturer headquartered in Fremont, California. Founded in 1980, the company specializes in designing, manufacturing, and servicing equipment fabricating integrated circuits. Lam Research's products enable the production of advanced memory and logic chips used in various electronic devices, including smartphones, tablets, and computers.

The company has a global presence, manufacturing facilities and sales offices in North America, Europe, and Asia. Over the years, Lam Research has received several awards and recognitions for its innovative products, including the 2020 IEEE Corporate Innovation Award for its leadership in advancing the semiconductor industry.

Lam Research's leadership team is led by Tim Archer, who serves as the President and CEO. Mr. Archer joined the company in 2012 and has been instrumental in driving the company's growth and success. Under his leadership, Lam Research has expanded its product portfolio, strengthened its global footprint, and improved its operational efficiency.

Other key company management team members include Doug Bettinger, Chief Financial Officer, and Richard Gottscho, appointed Chief Technical Officer in 2023. 

Lam Research has seen continued growth in revenue and profitability over the past few years. The company has also returned value to shareholders through dividends and share repurchases. The company's cash flow could be a concerning issue. Lam Research has seen strong performance in the stock market in recent years. 

Lam Research operates in the semiconductor equipment industry, which has grown enormously recently. The increasing demand for advanced electronic devices, such as smartphones and other connected devices, drives the industry. However, the industry is also subject to cyclical trends, with demand for semiconductor equipment closely tied to the overall health of the global economy.

Lam Research faces competition from other semiconductor equipment manufacturers, including Applied Materials, ASML, and Tokyo Electron. The industry is also subject to regulatory and political risks, particularly in trade policy and export controls.

Lam Research has several growth opportunities in the coming years. The company is investing in research and development to create new and innovative products that will enable the continued growth of the semiconductor industry. Lam Research also expands its presence in key growth markets, such as China, where it invests in new manufacturing facilities and research centers.

Another growth opportunity for Lam Research is advanced memory technologies, such as 3D NAND and DRAM. These technologies are critical for developing high-performance computing and data storage applications, and Lam Research's expertise in this area positions the company well to capitalize on this growth opportunity.

Lam Research is also focused on expanding its service business, which provides ongoing maintenance and support to customers' equipment. This business offers a stable revenue source and helps build long-term customer relationships.

One of the main risks facing Lam Research is the cyclical nature of the semiconductor industry. Demand for semiconductor equipment can be highly volatile, and the industry is subject to fluctuations in the global economy. If demand for electronic devices declined, it could significantly impact Lam Research's revenue and profitability.

The semiconductor industry is also subject to intense competition, with many established players and new entrants vying for market share. Lam Research must continue to innovate and invest in new products and technologies to remain competitive.

Another risk facing Lam Research is the potential for regulatory and political challenges. The company operates in a highly regulated industry, and changes in export controls or trade policy could impact its ability to do business in specific markets.

While there are risks and challenges facing the company, Lam Research's focus on research and development, expansion into key growth markets, and investment in its service business should help to mitigate these risks and drive long-term growth and profitability. As such, Lam Research may be an investment opportunity for investors seeking to gain semiconductor industry exposure.

LRCX Stock Price History

LRCX Stock News Headlines

The S&P 500's 3 best 10-year performers are all in this industry (LRCX)
Given the critical role semiconductors play in the global economy, it’s no surprise that chipmakers have hauled in some serious profits over the past decade.
Critical asset just had biggest fall on record
What many consider America's critical financial asset suffers biggest fall on record. Expert says: "it's very bad for millions, protect yourself now."
Guru Fundamental Report for LRCX
3 Breakout Stocks to Buy BEFORE They Take Flight
LRCX Mar 2024 1070.000 call
Is Gold Really Boring?
Many investors perceive gold as a "boring" investment. But according to MoneyWeek, that's a good thing. Gold helps investors sleep soundly as it preserves wealth and creates a hedge against inflation. Today, there's a unique way to invest in gold, with real advantages over coins and mining stocks.
LRCX Apr 2024 380.000 call
LRCX Feb 2024 1005.000 call
LRCX Apr 2024 1120.000 call
LRCX Apr 2024 905.000 put
LRCX Feb 2024 1030.000 call
Lam Research Corp.
Amazon to launch 'special store' for value fashion in India
Analyst Scoreboard: 17 Ratings For Lam Research
LRCX Mar 2024 1060.000 call
See More Headlines
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Company Calendar

Ex-Dividend for 1/3 Dividend
12/12/2023
Dividend Payable
1/03/2024
Last Earnings
1/24/2024
Today
2/29/2024
Ex-Dividend for 4/3 Dividend
3/12/2024
Dividend Payable
4/03/2024
Next Earnings (Estimated)
4/17/2024
Fiscal Year End
6/30/2024

Industry, Sector and Symbol

Industry
Special industry machinery, not elsewhere classified
Sub-Industry
Semiconductor Equipment
Current Symbol
NASDAQ:LRCX
CUSIP
51280710
Employees
17,200
Year Founded
1980

Price Target and Rating

Average Stock Price Target
$793.27
High Stock Price Target
$975.00
Low Stock Price Target
$550.00
Potential Upside/Downside
-14.0%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.65
Research Coverage
23 Analysts

Profitability

Net Income
$4.51 billion
Pretax Margin
27.35%

Debt

Sales & Book Value

Annual Sales
$17.43 billion
Cash Flow
$36.45 per share
Book Value
$62.72 per share

Miscellaneous

Free Float
130,683,000
Market Cap
$120.96 billion
Optionable
Optionable
Beta
1.50

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Should I Buy Lam Research Stock? LRCX Pros and Cons Explained

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of Lam Research was last updated on Wednesday, February 21, 2024 at 2:30 PM.

Pros

Here are some ways that investors could benefit from investing in Lam Research Co.:

  • Lam Research Co. has shown consistent growth in institutional investments, indicating confidence from large financial entities in the company's future prospects.
  • Recent insider activity, such as executives selling shares at higher prices, can be a positive signal for investors, suggesting that those within the company believe in its potential for growth.
  • Analyst upgrades and positive ratings from various brokerages can provide investors with additional reassurance about the company's performance and outlook.
  • The company's stock price has been subject to positive price target revisions by analysts, indicating a positive sentiment towards its future performance.
  • Lam Research Co. operates in the semiconductor industry, which is experiencing growth driven by advancements in technologies like artificial intelligence, making it a potentially lucrative investment.

Cons

Investors should be bearish about investing in Lam Research Co. for these reasons:

  • While institutional ownership is high, a significant decrease in holdings by certain entities, like the South Dakota Investment Council, may raise concerns about the company's future performance.
  • Market volatility and uncertainties in the semiconductor industry could impact Lam Research Co.'s stock price, leading to potential risks for investors.
  • Investors should be cautious about potential market corrections or economic downturns that could affect the semiconductor sector and, consequently, Lam Research Co.'s financial performance.
  • Despite positive analyst ratings, investors should consider the possibility of unforeseen challenges or disruptions in the industry that could impact the company's growth trajectory.
  • Investors need to be aware of the competitive landscape within the semiconductor industry, as increased competition could affect Lam Research Co.'s market share and profitability.














LRCX Stock Analysis - Frequently Asked Questions

Should I buy or sell Lam Research stock right now?

23 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Lam Research in the last twelve months. There are currently 8 hold ratings and 15 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" LRCX shares.
View LRCX analyst ratings
or view top-rated stocks.

What is Lam Research's stock price target for 2024?

23 analysts have issued 12-month target prices for Lam Research's shares. Their LRCX share price targets range from $550.00 to $975.00. On average, they predict the company's stock price to reach $793.27 in the next year. This suggests that the stock has a possible downside of 14.0%.
View analysts price targets for LRCX
or view top-rated stocks among Wall Street analysts.

How have LRCX shares performed in 2024?

Lam Research's stock was trading at $783.26 at the start of the year. Since then, LRCX shares have increased by 17.8% and is now trading at $922.67.
View the best growth stocks for 2024 here
.

When is Lam Research's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 17th 2024.
View our LRCX earnings forecast
.

How were Lam Research's earnings last quarter?

Lam Research Co. (NASDAQ:LRCX) posted its quarterly earnings results on Wednesday, January, 24th. The semiconductor company reported $7.52 EPS for the quarter, topping analysts' consensus estimates of $7.06 by $0.46. The semiconductor company had revenue of $3.76 billion for the quarter, compared to the consensus estimate of $3.71 billion. Lam Research had a trailing twelve-month return on equity of 44.47% and a net margin of 24.15%. The company's revenue for the quarter was down 28.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $10.71 EPS.
Read the conference call transcript
.

How often does Lam Research pay dividends? What is the dividend yield for Lam Research?

Lam Research declared a quarterly dividend on Wednesday, February 7th. Stockholders of record on Wednesday, March 13th will be paid a dividend of $2.00 per share on Wednesday, April 3rd. This represents a $8.00 dividend on an annualized basis and a dividend yield of 0.87%. The ex-dividend date is Tuesday, March 12th.
Read our dividend analysis for LRCX
.

Is Lam Research a good dividend stock?

Lam Research (NASDAQ:LRCX) pays an annual dividend of $8.00 per share and currently has a dividend yield of 0.86%. The company has been increasing its dividend for 9 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio is 30.94%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, LRCX will have a dividend payout ratio of 23.11% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for LRCX.

What guidance has Lam Research issued on next quarter's earnings?

Lam Research issued an update on its third quarter 2024 earnings guidance on Thursday, January, 25th. The company provided earnings per share (EPS) guidance of 6.500-8.000 for the period, compared to the consensus EPS estimate of 6.640. The company issued revenue guidance of $3.4 billion-$4.0 billion, compared to the consensus revenue estimate of $3.7 billion.

What is Tim Archer's approval rating as Lam Research's CEO?

152 employees have rated Lam Research Chief Executive Officer Tim Archer on Glassdoor.com. Tim Archer has an approval rating of 94% among the company's employees. This puts Tim Archer in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Lam Research own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Lam Research investors own include NVIDIA (NVDA), Micron Technology (MU), Alibaba Group (BABA), Applied Materials (AMAT), Netflix (NFLX), Intel (INTC), Advanced Micro Devices (AMD), Broadcom (AVGO), Salesforce (CRM) and PayPal (PYPL).

Who are Lam Research's major shareholders?

Lam Research's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (8.93%), Fisher Asset Management LLC (2.27%), Price T Rowe Associates Inc. MD (2.15%), Norges Bank (1.38%), Sands Capital Management LLC (1.28%) and Northern Trust Corp (1.11%). Insiders that own company stock include Abhijit Y Talwalkar, Ava Hahn, Catherine P Lego, Christina Corrreia, Douglas R Bettinger, Jaynie M Studenmund, Patrick J Lord, Patrick J Lord, Richard A Gottscho, Scott Gerald Meikle, Seshasayee Varadarajan, Sohail U Ahmed, Timothy Archer, Timothy Archer and Vahid Vahedi.
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.
Compare Top Brokerages Here.

Does Lam Research have any subsidiaries?
The following companies are subsidiares of Lam Research: Bullen Semiconductor, Coventor, Coventor Inc., Coventor Korea Limited, Coventor Sarl, Lam Research (H.K.) Limited, Lam Research (H.K.) Limited Taiwan Branch, Lam Research (India) Private Limited, Lam Research (Ireland) Limited, Lam Research (Israel) Ltd., Lam Research (Shanghai) Co. Ltd., Lam Research AG, Lam Research B.V., Lam Research Belgium BVBA, Lam Research Capital LLC, Lam Research Capital Ltd., Lam Research Co. Ltd., Lam Research GmbH, Lam Research Holding GmbH, Lam Research Illinois IAG Inc, Lam Research International B.V., Lam Research International Holding Company, Lam Research International Holdings II Ltd., Lam Research International Holdings Ltd., Lam Research International Sdn Bhd., Lam Research International Sàrl, Lam Research Korea LLC YH, Lam Research Korea Limited, Lam Research Korea Technology LLC YH, Lam Research Ltd., Lam Research Luxembourg S.à.r.l., Lam Research Malaysia Sdn. Bhd., Lam Research Management GmbH, Lam Research Manufacturing Korea LLC, Lam Research S.r.l., Lam Research SAS, Lam Research Service Co. Ltd., Lam Research Services Ltd., Lam Research Singapore Pte Ltd., Metryx Ltd., Novellus Systems, Novellus Systems Inc., Novellus Systems International LLC, SEZ, Silfex Inc., SpeedFam-IPEC International Services LLC, and Straatum Processware.
Read More
This page (NASDAQ:LRCX) was last updated on 2/29/2024 by MarketBeat.com Staff