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

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

Lam Research declared a quarterly dividend on Thursday, November 7th. Investors of record on Wednesday, December 11th will be given a dividend of $1.15 per share on Wednesday, January 8th. This represents a $4.60 annualized dividend and a dividend yield of 1.53%. The ex-dividend date of this dividend is Tuesday, December 10th. View Lam Research's Dividend History.

Lam Research declared that its Board of Directors has initiated a stock repurchase program on Wednesday, January 23rd 2019, which permits the company to buyback $5,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to purchase up to 23% of its stock through open market purchases. Stock buyback programs are typically an indication that the company's leadership believes its stock is undervalued.

Lam Research Co. (NASDAQ:LRCX) announced its quarterly earnings data on Wednesday, January, 29th. The semiconductor company reported $4.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.85 by $0.16. The semiconductor company earned $2.58 billion during the quarter, compared to analyst estimates of $2.51 billion. Lam Research had a net margin of 21.67% and a return on equity of 45.72%. The business's quarterly revenue was up 19.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.87 earnings per share. View Lam Research's Earnings History.

Lam Research is scheduled to release their next quarterly earnings announcement on Wednesday, April 22nd 2020. View Earnings Estimates for Lam Research.

Lam Research updated its third quarter earnings guidance on Wednesday, January, 29th. The company provided EPS guidance of $4.15-4.95 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.48. The company issued revenue guidance of $2.6-3.0 billion, compared to the consensus revenue estimate of $2.57 billion.

21 Wall Street analysts have issued twelve-month target prices for Lam Research's stock. Their forecasts range from $210.00 to $400.00. On average, they expect Lam Research's stock price to reach $323.70 in the next twelve months. This suggests a possible upside of 7.7% from the stock's current price. View Analyst Price Targets for Lam Research.

21 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Lam Research in the last year. There are currently 1 sell rating, 7 hold ratings and 13 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Lam Research.

Media coverage about LRCX stock has been trending neutral recently, according to InfoTrie Sentiment. The research firm identifies positive and negative press coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Lam Research earned a media sentiment score of 0.4 on InfoTrie's scale. They also assigned press coverage about the semiconductor company a news buzz of 9.0 out of 10, meaning that recent press coverage is extremely likely to have an impact on the company's share price in the near term. View News Stories for Lam Research.

Lam Research saw a decline in short interest in January. As of January 15th, there was short interest totalling 5,270,000 shares, a decline of 14.4% from the December 31st total of 6,160,000 shares. Based on an average trading volume of 1,510,000 shares, the days-to-cover ratio is presently 3.5 days. Currently, 3.7% of the shares of the stock are sold short. View Lam Research's Current Options Chain.

Some companies that are related to Lam Research include Applied Materials (AMAT), KLA (KLAC), Teradyne (TER), Entegris (ENTG), MKS Instruments (MKSI), Cabot Microelectronics (CCMP), Amkor Technology (AMKR), Brooks Automation (BRKS), Advanced Energy Industries (AEIS), FormFactor (FORM), Xperi (XPER), Ultra Clean (UCTT), Nanometrics (NANO), Cohu (COHU) and Photronics (PLAB).

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

Lam Research's stock is owned by many different of institutional and retail investors. Top institutional shareholders include FMR LLC (5.79%), State Street Corp (4.44%), Janus Henderson Group PLC (3.24%), Geode Capital Management LLC (1.72%), Bank of New York Mellon Corp (1.32%) and AQR Capital Management LLC (1.27%). Company insiders that own Lam Research stock include Abhijit Y Talwalkar, Christine Heckart, Douglas R Bettinger, Kevin Jennings, Mansy Youssef A El, Martin B Anstice, Patrick J Lord, Richard A Gottscho, Sarah A O'dowd, Scott Gerald Meikle, Seshasayee Varadarajan, Timothy Archer and Vahid Vahedi. View Institutional Ownership Trends for Lam Research.

LRCX stock was sold by a variety of institutional investors in the last quarter, including LSV Asset Management, Janus Henderson Group PLC, Bank of New York Mellon Corp, Marshall Wace North America L.P., Fred Alger Management LLC, UBS Asset Management Americas Inc., Lord Abbett & CO. LLC and USS Investment Management Ltd. Company insiders that have sold Lam Research company stock in the last year include Abhijit Y Talwalkar, Douglas R Bettinger, Kevin Jennings, Mansy Youssef A El, Patrick J Lord, Richard A Gottscho, Sarah A O'dowd, Scott Gerald Meikle, Seshasayee Varadarajan, Timothy Archer and Vahid Vahedi. View Insider Buying and Selling for Lam Research.

LRCX stock was purchased by a variety of institutional investors in the last quarter, including Prudential Financial Inc., Los Angeles Capital Management & Equity Research Inc., Boston Partners, Wedge Capital Management L L P NC, Panagora Asset Management Inc., Geode Capital Management LLC, Point72 Asset Management L.P. and Johanson Financial Advisors Inc.. View Insider Buying and Selling for 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, Robinhood, Fidelity and Charles Schwab.

One share of LRCX stock can currently be purchased for approximately $300.46.

Lam Research has a market capitalization of $43.73 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 10,700 workers across the globe.View Additional Information About Lam Research.

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

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]