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

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$171.28 +1.37 (+0.81 %)
(As of 08/21/2018 08:23 AM ET)
Previous Close$169.91
Today's Range$166.97 - $172.01
52-Week Range$156.52 - $234.88
Volume2.54 million shs
Average Volume2.91 million shs
Market Capitalization$26.77 billion
P/E Ratio9.58
Dividend Yield2.59%
Beta1.42
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 thin film deposition products, including SABRE electrochemical deposition products for copper damascene manufacturing; ALTUS systems to deposit conformal atomic layer films for tungsten metallization applications; VECTOR plasma-enhanced chemical vapor deposition (CVD) and atomic layer deposition systems to deposit oxides, nitrides, and carbides for hardmasks, multiple patterning films, anti-reflective layers, multi-layer stack films, and diffusion barriers; and Striker atomic layer deposition systems that deliver conformal dielectric films for spacer-based patterning and liner applications in various advanced memory and logic structures. Its thin film deposition products also comprise SPEED high-density plasma CVD products for applications in shallow trench isolation, pre-metal dielectrics, inter-layer dielectrics, inter-metal dielectrics, and passivation layers; and SOLA ultraviolet thermal processing products for treatment of back-end-of-line (BEOL) low-k dielectric films and front-end-of-line silicon nitride strained films. In addition, the company offers plasma etch products, such as Kiyo that provide solutions for conductor etch applications; Versys metal products, which offer a platform for BEOL metal etch processes; Flex for dielectric etch applications; and Syndion to address various through-silicon via etch and complementary image sensor etch applications. Further, it provides single-wafer clean products comprising EOS, Da Vinci, DV-Prime, and SP series products for wet etch and clean applications in wafer-level packaging; and Coronus plasma-based bevel clean products to enhance die yield by removing particles, residues, and unwanted films from the wafer's edge, as well as legacy products. The company 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 Ratio9.58
Forward P/E Ratio11.04
P/E Growth0.66

Sales & Book Value

Annual Sales$11.08 billion
Price / Sales2.44
Cash Flow$21.7637 per share
Price / Cash7.87
Book Value$40.11 per share
Price / Book4.27

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$26.77 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 announced a quarterly dividend on Thursday, May 17th. Investors of record on Wednesday, June 6th will be given a dividend of $1.10 per share on Wednesday, June 27th. This represents a $4.40 annualized dividend and a yield of 2.57%. The ex-dividend date is Tuesday, June 5th. This is a positive change from Lam Research's previous quarterly dividend of $0.50. View Lam Research's Dividend History.

How will Lam Research's stock buyback program work?

Lam Research declared that its board has initiated a share buyback plan on Wednesday, March 7th 2018, which allows the company to repurchase $2,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to reacquire shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company's management believes its shares are undervalued.

How were Lam Research's earnings last quarter?

Lam Research Co. (NASDAQ:LRCX) posted its quarterly earnings data on Thursday, July, 26th. The semiconductor company reported $5.31 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $4.94 by $0.37. The semiconductor company earned $3.13 billion during the quarter, compared to analysts' expectations of $3.08 billion. Lam Research had a net margin of 21.49% and a return on equity of 47.14%. The business's revenue was up 33.3% on a year-over-year basis. During the same quarter in the previous year, the business 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 issued an update on its first quarter earnings guidance on Thursday, July, 26th. The company provided earnings per share (EPS) guidance of $3.00-3.40 for the period, compared to the Thomson Reuters consensus 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?

23 analysts have issued 12-month target prices for Lam Research's shares. Their forecasts range from $203.77 to $300.00. On average, they anticipate Lam Research's stock price to reach $250.4895 in the next twelve months. This suggests a possible upside of 46.2% from the stock's current price. View Analyst Price Targets for Lam Research.

What is the consensus analysts' recommendation for Lam Research?

23 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Lam Research in the last year. There are currently 1 hold rating and 22 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)

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 articles about LRCX stock have been trending somewhat positive recently, according to Accern Sentiment. Accern rates the sentiment of media coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Lam Research earned a coverage optimism score of 0.21 on Accern's scale. They also gave media headlines about the semiconductor company an impact score of 45.53 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company's share price in the next few days. 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 investors include BlackRock Inc. (6.86%), Janus Henderson Group PLC (3.36%), LSV Asset Management (1.61%), FMR LLC (1.42%), Bank of New York Mellon Corp (1.35%) and Swedbank (1.09%). 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 bought by a variety of institutional investors in the last quarter, including FMR LLC, Swedbank, Morgan Stanley, Bank of Montreal Can, TD Asset Management Inc., Janus Henderson Group PLC, American Century Companies Inc. and Renaissance Technologies LLC. 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 $171.28.

How big of a company is Lam Research?

Lam Research has a market capitalization of $26.77 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:  1,027 (Vote Outperform)
Underperform Votes:  435 (Vote Underperform)
Total Votes:  1,462
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 8/21/2018 by MarketBeat.com Staff

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