NASDAQ:LRCX - Lam Research Stock Price, News, & Analysis

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$156.26 +3.07 (+2.00 %)
(As of 09/20/2018 12:01 PM ET)
Previous Close$154.47
Today's Range$154.47 - $156.86
52-Week Range$149.02 - $234.88
Volume41,659 shs
Average Volume2.68 million shs
Market Capitalization$24.21 billion
P/E Ratio8.75
Dividend Yield2.86%
Beta1.33
Lam Research logoLam Research Corporation designs, manufactures, markets, refurbishes, and services semiconductor processing equipment used in the fabrication of integrated circuits worldwide. The company offers ALTUS systems to deposit conformal films for tungsten metallization applications; SABRE electrochemical deposition product for copper damascene manufacturing; SOLA ultraviolet thermal processing products for film treatment; SPEED gapfill high-density plasma chemical vapor deposition (CVD) products; Striker single-wafer atomic layer deposition (ALD) products; and VECTOR plasma-enhanced CVD ALD products. It also provides 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. In addition, the company offers Coronus bevel clean products to enhance die yield; and Da Vinci, DV-Prime, EOS, SP to address a range of wafer cleaning. Further, it provides Metryx mass metrology systems for high aspect ratio etch, conformal and ALD/sidewall deposition, horizontal processing, film density monitoring, carbon mask open, and wafer cleaning/polymer removal applications; and legacy products. Lam Research Corporation was founded in 1980 and is headquartered in Fremont, California.

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Industry, Sector and Symbol

Stock Exchange NASDAQ
Industry Special industry machinery, not elsewhere classified
Sub-IndustrySemiconductor Equipment
SectorComputer and Technology
SymbolNASDAQ:LRCX
CUSIP51280710
Phone510-572-0200

Debt

Debt-to-Equity Ratio0.27
Current Ratio2.90
Quick Ratio2.31

Price-To-Earnings

Trailing P/E Ratio8.75
Forward P/E Ratio10.07
P/E Growth0.59

Sales & Book Value

Annual Sales$11.08 billion
Price / Sales2.22
Cash Flow$21.9466 per share
Price / Cash7.12
Book Value$40.11 per share
Price / Book3.90

Profitability

EPS (Most Recent Fiscal Year)$17.87
Net Income$2.38 billion
Net Margins21.49%
Return on Equity47.14%
Return on Assets24.87%

Miscellaneous

Employees10,900
Outstanding Shares157,580,000
Market Cap$24.21 billion

Lam Research (NASDAQ:LRCX) Frequently Asked Questions

What is Lam Research's stock symbol?

Lam Research trades on the NASDAQ under the ticker symbol "LRCX."

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

Lam Research declared a quarterly dividend on Thursday, August 30th. Shareholders of record on Wednesday, September 12th will be given a dividend of $1.10 per share on Wednesday, September 26th. This represents a $4.40 dividend on an annualized basis and a yield of 2.82%. The ex-dividend date is Tuesday, September 11th. View Lam Research's Dividend History.

How will Lam Research's stock buyback program work?

Lam Research announced that its board has initiated a share buyback program on Wednesday, March 7th 2018, which permits the company to repurchase $2,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company's board believes its stock is undervalued.

How were Lam Research's earnings last quarter?

Lam Research Co. (NASDAQ:LRCX) issued its earnings results on Thursday, July, 26th. The semiconductor company reported $5.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.94 by $0.37. The semiconductor company had revenue of $3.13 billion for the quarter, compared to the consensus estimate of $3.08 billion. Lam Research had a return on equity of 47.14% and a net margin of 21.49%. Lam Research's revenue was up 33.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.11 EPS. View Lam Research's Earnings History.

When is Lam Research's next earnings date?

Lam Research is scheduled to release their next quarterly earnings announcement on Tuesday, October, 16th 2018. View Earnings Estimates for Lam Research.

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

Lam Research updated its first quarter earnings guidance on Thursday, July, 26th. The company provided earnings per share guidance of $3.00-3.40 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.89. The company issued revenue guidance of $2.15-2.45 billion, compared to the consensus revenue estimate of $2.77 billion.

What price target have analysts set for LRCX?

24 brokers have issued 1-year target prices for Lam Research's stock. Their predictions range from $180.00 to $300.00. On average, they anticipate Lam Research's stock price to reach $247.4248 in the next twelve months. This suggests a possible upside of 58.4% from the stock's current price. View Analyst Price Targets for Lam Research.

What is the consensus analysts' recommendation for Lam Research?

24 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Lam Research in the last year. There are currently 3 hold ratings and 21 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Lam Research.

What are Wall Street analysts saying about Lam Research stock?

Here are some recent quotes from research analysts about Lam Research stock:
  • 1. According to Zacks Investment Research, "Lam Research’s robust demand for equipment and memory segment, strength in logic & foundry along with increased adoption rates of 3D NAND technology bodes well for its top-line growth. Further, the company’s popular etch and deposition technologies are suitable for the ongoing vertical scaling, multi-patterning, advanced packaging and advanced transistor architectures. This will help it rebound going forward. Estimates have been stable lately ahead of the company’s Q4 earnings release. The company has positive record of earnings surprises in recent quarters. However, the company's top-line results continue to be impacted by weak PC demand. Also, oversupply and overcapacity of memory chips could impact Lam Research’s growth and sales figures as yields and output seem to be improving. Notably, the stock has underperformed the industry it belongs to over a year." (7/24/2018)
  • 2. Bank of America Corp analysts commented, "Clearly the 4Q miss as reported on the morning of June 7th (diluted lower cost benefits; increased margin pressures in pet) and FY19 commentary (reinvestment, minimal underlying EPS growth) were both disappointing. We have lowered our FY19 EPS estimate by $1.27 to $8.65, and to $9.15. Our estimates do not reflect the potential divestiture of the US baking unit (potential dilution of ~25c). But we continue to think the stock’s valuation (12x our CY19 EPS estimate including amortization; FY19 FCF yield of 7.2%) represents attractive value given the mix of brands and categories, even in the context of the depressed CPG space. But catalysts may now be more spread out: share gains in coffee (driven by K-cups, and the new brand 1850 across all platforms), improving sales performance for the pet unit (innovation in treats, expansion of the APN platform), and a more focused consumer foods unit." (6/11/2018)

Are investors shorting Lam Research?

Lam Research saw a increase in short interest during the month of August. As of August 15th, there was short interest totalling 15,965,631 shares, an increase of 22.3% from the July 31st total of 13,058,001 shares. Based on an average daily volume of 2,346,142 shares, the days-to-cover ratio is currently 6.8 days. Approximately 10.2% of the shares of the stock are sold short. View Lam Research's Current Options Chain.

Who are some of Lam Research's key competitors?

Who are Lam Research's key executives?

Lam Research's management team includes the folowing people:
  • Mr. Martin B. Anstice, CEO & Director (Age 51)
  • Mr. Timothy M. Archer, Pres & COO (Age 51)
  • Mr. Douglas R. Bettinger, Exec. VP, CFO & Chief Accounting Officer (Age 51)
  • Dr. Richard A. Gottscho, Exec. VP & Corp. CTO (Age 66)
  • Ms. Sarah A. O'Dowd Esq., Sr. VP, Chief Legal Officer & Sec. (Age 68)

Has Lam Research been receiving favorable news coverage?

News headlines about LRCX stock have trended somewhat positive this week, according to Accern Sentiment Analysis. The research group scores the sentiment of media coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Lam Research earned a media and rumor sentiment score of 0.18 on Accern's scale. They also gave news articles about the semiconductor company an impact score of 46.57 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock's share price in the near term. View Recent Headlines for Lam Research.

Who are Lam Research's major shareholders?

Lam Research's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (6.86%), Janus Henderson Group PLC (3.36%), LSV Asset Management (1.61%), FMR LLC (1.48%), Bank of New York Mellon Corp (1.35%) and Bank of New York Mellon Corp (1.41%). Company insiders that own Lam Research stock include Christine Heckart, Douglas R Bettinger, Mansy Youssef A El, Martin B Anstice, Michael R Cannon, Patrick J Lord, Richard A Gottscho, Sarah A O'dowd, Seshasayee Varadarajan, Stephen G Newberry and Timothy Archer. View Institutional Ownership Trends for Lam Research.

Which major investors are selling Lam Research stock?

LRCX stock was sold by a variety of institutional investors in the last quarter, including Mackay Shields LLC, Victory Capital Management Inc., Wells Fargo & Company MN, Zurcher Kantonalbank Zurich Cantonalbank, Russell Investments Group Ltd., PointState Capital LP, SSI Investment Management Inc. and Voya Investment Management LLC. Company insiders that have sold Lam Research company stock in the last year include Martin B Anstice, Michael R Cannon, Patrick J Lord, Richard A Gottscho, Sarah A O'dowd, Seshasayee Varadarajan, Stephen G Newberry and Timothy Archer. View Insider Buying and Selling for Lam Research.

Which major investors are buying Lam Research stock?

LRCX stock was purchased by a variety of institutional investors in the last quarter, including FMR LLC, Swedbank, Morgan Stanley, Bank of Montreal Can, LFA Lugano Financial Advisors SA, TD Asset Management Inc., Janus Henderson Group PLC and American Century Companies Inc.. View Insider Buying and Selling for Lam Research.

How do I buy shares of Lam Research?

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

What is Lam Research's stock price today?

One share of LRCX stock can currently be purchased for approximately $156.18.

How big of a company is Lam Research?

Lam Research has a market capitalization of $24.21 billion and generates $11.08 billion in revenue each year. The semiconductor company earns $2.38 billion in net income (profit) each year or $17.87 on an earnings per share basis. Lam Research employs 10,900 workers across the globe.

How can I contact Lam Research?

Lam Research's mailing address is 4650 Cushing Parkway, Fremont CA, 94538. The semiconductor company can be reached via phone at 510-572-0200 or via email at [email protected]


MarketBeat Community Rating for Lam Research (NASDAQ LRCX)

Community Ranking:  3.5 out of 5 (star star star half star)
Outperform Votes:  1,039 (Vote Outperform)
Underperform Votes:  445 (Vote Underperform)
Total Votes:  1,484
MarketBeat's community ratings are surveys of what our community members think about Lam Research and other stocks. Vote "Outperform" if you believe LRCX will outperform the S&P 500 over the long term. Vote "Underperform" if you believe LRCX will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 9/20/2018 by MarketBeat.com Staff

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