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. Lam Research Corporation was incorporated in 1980 and is headquartered in Fremont, California.
Wall Street Analyst Weigh In
A number of equities analysts recently issued reports on LRCX shares. Piper Sandler decreased their price target on shares of Lam Research from $596.00 to $567.00 and set a "neutral" rating for the company in a research note on Thursday, May 26th. Cowen decreased their target price on shares of Lam Research from $800.00 to $620.00 in a research note on Thursday, July 28th. DA Davidson decreased their target price on shares of Lam Research from $575.00 to $550.00 in a research note on Thursday, July 28th. Morgan Stanley decreased their target price on shares of Lam Research from $625.00 to $550.00 and set an "overweight" rating for the company in a research note on Monday, July 25th. Finally, Citigroup decreased their target price on shares of Lam Research from $720.00 to $700.00 in a research note on Thursday, July 28th. Eleven equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $613.32.
Lam Research Stock Performance
LRCX Stock traded down $26.36 on Friday, hitting $476.79. The company had a trading volume of 2,007,387 shares, compared to its average volume of 1,455,758. Lam Research has a 12-month low of $375.87 and a 12-month high of $731.85. The company has a current ratio of 2.69, a quick ratio of 1.82 and a debt-to-equity ratio of 0.80. The stock's 50-day simple moving average is $455.13 and its 200 day simple moving average is $495.33. The stock has a market cap of $66.14 billion, a price-to-earnings ratio of 15.36, a P/E/G ratio of 1.12 and a beta of 1.33.
Lam Research (NASDAQ:LRCX - Get Rating) last issued its earnings results on Wednesday, July 27th. The semiconductor company reported $8.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.30 by $1.53. Lam Research had a net margin of 26.73% and a return on equity of 75.71%. The company had revenue of $4.64 billion for the quarter, compared to analysts' expectations of $4.21 billion. During the same quarter last year, the company posted $8.09 earnings per share. The firm's quarterly revenue was up 11.8% on a year-over-year basis. As a group, equities research analysts expect that Lam Research will post 37.6 earnings per share for the current fiscal year.