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

$206.76
-1.29 (-0.62 %)
(As of 08/20/2019 04:00 PM ET)
Today's Range
$205.33
Now: $206.76
$208.73
50-Day Range
$181.16
MA: $197.99
$216.39
52-Week Range
$122.64
Now: $206.76
$218.49
Volume852,249 shs
Average Volume2.16 million shs
Market Capitalization$31.00 billion
P/E Ratio14.20
Dividend Yield2.11%
Beta1.61
Lam 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. Read More…

Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$9.65 billion
Cash Flow$17.7782 per share
Book Value$31.17 per share

Profitability

Net Income$2.19 billion

Miscellaneous

Employees10,900
Market Cap$31.00 billion
Next Earnings Date10/15/2019 (Estimated)
OptionableOptionable

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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 9th. Shareholders of record on Wednesday, June 12th will be paid a dividend of $1.10 per share on Wednesday, July 10th. This represents a $4.40 annualized dividend and a yield of 2.13%. The ex-dividend date of this dividend is Tuesday, June 11th. View Lam Research's Dividend History.

How will Lam Research's stock buyback program work?

Lam Research announced that its Board of Directors has initiated a share buyback program on Wednesday, January 23rd 2019, which permits the company to repurchase $5,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to repurchase up to 23% of its shares through open market purchases. Shares repurchase programs are often a sign that the company's management believes its stock is undervalued.

How were Lam Research's earnings last quarter?

Lam Research Co. (NASDAQ:LRCX) issued its earnings results on Wednesday, July, 31st. The semiconductor company reported $3.62 earnings per share for the quarter, topping the Zacks' consensus estimate of $3.40 by $0.22. The semiconductor company had revenue of $2.36 billion for the quarter, compared to the consensus estimate of $2.37 billion. Lam Research had a return on equity of 43.82% and a net margin of 22.70%. The company's revenue for the quarter was down 24.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $5.31 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 15th 2019. 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 Wednesday, July, 31st. The company provided earnings per share guidance of $2.80-3.20 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.25. The company issued revenue guidance of $2.0-2.3 billion, compared to the consensus revenue estimate of $2.31 billion.

What price target have analysts set for LRCX?

17 Wall Street analysts have issued twelve-month price targets for Lam Research's shares. Their forecasts range from $165.00 to $285.00. On average, they anticipate Lam Research's share price to reach $224.6875 in the next year. This suggests a possible upside of 8.5% from the stock's current price. View Analyst Price Targets for Lam Research.

What is the consensus analysts' recommendation for Lam Research?

17 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Lam Research in the last year. There are currently 9 hold ratings and 8 buy ratings for the stock, resulting in a consensus recommendation of "Hold." 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 reported strong fiscal third-quarter results on the back of robust equipment demand and solid execution. Moreover, rising adoption of 3D architectures remain positive. It continues to drive the performance of the company’s non-memory segments. Further, advanced packaging technology inflections are acting as tailwinds. Additionally, Lam Research continues to benefit from its transition to new data-enabled economy, in which DRAM and NAND continue to gain from density growth. Notably, the stock has underperformed the industry it belongs to over a year. However, it expects memory segments to weaken during this year. Further, cyclicality and the current U.S.-China trade war are headwinds in the semiconductor industry. Further, foreign currency fluctuation risks are major concerns." (4/26/2019)
  • 2. Mizuho analysts commented, "We believe N-T memory capex pushouts, market share and EUV could be headwinds." (4/25/2019)
  • 3. Needham & Company LLC analysts commented, "Lam Research reported better than expected F2Q19 results and provided F3Q19 guidance in-line with our estimates. LRCX now expects WFE to decline by a mid- to high-teen percentage in CY19 to ~$42-$43bn and to be C1H19-weighted driven by increased logic and foundry spending and decreased memory spending. Most importantly, LRCX does not expect memory spending to recover in 2019. While we remain buyers of LRCX given its valuation, exposure to multiple growth drivers and its position to benefit as memory spending returns, we are modestly reducing our FY20 and FY21 estimates and acknowledge it may take a little longer for memory spending to recover." (1/24/2019)

Has Lam Research been receiving favorable news coverage?

Media stories about LRCX stock have trended positive on Tuesday, InfoTrie reports. The research firm scores the sentiment of news coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Lam Research earned a news impact score of 2.5 on InfoTrie's scale. They also gave news articles about the semiconductor company a news buzz of 6.0 out of 10, meaning that recent news coverage is somewhat likely to have an impact on the company's share price in the near future. View News Stories for Lam Research.

Are investors shorting Lam Research?

Lam Research saw a drop in short interest in July. As of July 31st, there was short interest totalling 7,100,100 shares, a drop of 13.8% from the June 30th total of 8,236,300 shares. Based on an average daily volume of 1,910,000 shares, the days-to-cover ratio is currently 3.7 days. Approximately 4.7% of the company's shares are sold short. View Lam Research's Current Options Chain.

Who are some of Lam Research's key competitors?

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), Broadcom (AVGO), Adobe (ADBE), Intel (INTC), Boeing (BA) and Cisco Systems (CSCO).

Who are Lam Research's key executives?

Lam Research's management team includes the folowing people:
  • Mr. Timothy M. Archer, Pres, CEO & Director (Age 52)
  • Mr. Douglas R. Bettinger, Exec. VP, CFO & Chief Accounting Officer (Age 52)
  • Dr. Richard A. Gottscho, Exec. VP & Corp. CTO (Age 67)
  • Dr. Scott G. Meikle, Sr. VP of Global Customer Operations (Age 55)
  • Tina Correia, Corp. VP of Investor Relations & Communications

Who are Lam Research's major shareholders?

Lam Research's stock is owned by a number of of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (7.89%), BlackRock Inc. (7.60%), Janus Henderson Group PLC (3.62%), LSV Asset Management (1.87%), Bank of New York Mellon Corp (1.77%) and Nuveen Asset Management LLC (1.67%). Company insiders that own Lam Research stock include Abhijit Y Talwalkar, Christine Heckart, Kevin Jennings, 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 institutional investors are selling Lam Research stock?

LRCX stock was sold by a variety of institutional investors in the last quarter, including Price T Rowe Associates Inc. MD, Morgan Stanley, LSV Asset Management, Marshall Wace North America L.P., Swedbank, Bank of New York Mellon Corp, Westwood Holdings Group Inc. and RGM Capital LLC. Company insiders that have sold Lam Research company stock in the last year include Abhijit Y Talwalkar, Christine Heckart, Kevin Jennings, Patrick J Lord, Richard A Gottscho and Seshasayee Varadarajan. View Insider Buying and Selling for Lam Research.

Which institutional investors are buying Lam Research stock?

LRCX stock was bought by a variety of institutional investors in the last quarter, including Nuveen Asset Management LLC, Lansdowne Partners UK LLP, AQR Capital Management LLC, BlackRock Inc., First Trust Advisors LP, UBS Asset Management Americas Inc., Bank of Montreal Can and Prudential Financial 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 $207.01.

How big of a company is Lam Research?

Lam Research has a market capitalization of $31.04 billion and generates $9.65 billion in revenue each year. The semiconductor company earns $2.19 billion in net income (profit) each year or $14.55 on an earnings per share basis. Lam Research employs 10,900 workers across the globe.View Additional Information About Lam Research.

What is Lam Research's official website?

The official website for Lam Research is http://www.lamresearch.com/.

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:  3.4 out of 5 (star star star)
Outperform Votes:  1,153 (Vote Outperform)
Underperform Votes:  520 (Vote Underperform)
Total Votes:  1,673
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 8/20/2019 by MarketBeat.com Staff

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