NASDAQ:LRCX - Lam Research Stock Price, Price Target & More

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

Lam Research announced a quarterly dividend on Thursday, May 17th. Stockholders 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 dividend on an annualized basis and a dividend yield of 2.15%. The ex-dividend date of this dividend 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.

Lam Research announced that its Board of Directors has initiated a share buyback plan on Wednesday, March 7th 2018, which allows the company to buyback $2,000,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Stock buyback plans are usually an indication that the company's board of directors believes its stock is undervalued.

Lam Research (NASDAQ:LRCX) released its quarterly earnings results on Tuesday, April, 17th. The semiconductor company reported $4.79 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.38 by $0.41. The semiconductor company earned $2.89 billion during the quarter, compared to the consensus estimate of $2.85 billion. Lam Research had a net margin of 18.32% and a return on equity of 41.13%. Lam Research's quarterly revenue was up 34.3% on a year-over-year basis. During the same quarter last year, the company earned $3.10 earnings per share. View Lam Research's Earnings History.

Lam Research is scheduled to release their next quarterly earnings announcement on Wednesday, July, 25th 2018. View Earnings Estimates for Lam Research.

Lam Research issued an update on its fourth quarter earnings guidance on Tuesday, April, 17th. The company provided earnings per share guidance of $4.80-$5.20 for the period, compared to the Thomson Reuters consensus EPS estimate of $4.65. The company issued revenue guidance of $2.95-$3.25 billion, compared to the consensus revenue estimate of $2.94 billion.

22 Wall Street analysts have issued 12 month price targets for Lam Research's stock. Their predictions range from $200.00 to $305.00. On average, they expect Lam Research's share price to reach $258.4652 in the next twelve months. View Analyst Ratings for Lam Research.

Lam Research saw a increase in short interest during the month of May. As of May 15th, there was short interest totalling 14,024,314 shares, an increase of 17.3% from the April 30th total of 11,953,882 shares. Based on an average daily volume of 2,493,914 shares, the days-to-cover ratio is presently 5.6 days. Approximately 8.6% of the shares of the stock are short sold.

Some companies that are related to Lam Research include ASML (ASML), WARTSILA OYJ/ADR (WRTBY), IHI Corp/ADR (IHICY), Sumitomo Heavy Industries (SOHVY), ASM International (ASMIY), Bodycote (BYPLF), Brooks Automation (BRKS), Milacron (MCRN), Veeco Instruments (VECO), Axcelis Technologies (ACLS), Energy Recovery (ERII), Manitex International (MNTX), ACM Research (ACMR), Amtech Systems (ASYS) and Intevac (IVAC).

News stories about LRCX stock have trended somewhat positive recently, according to Accern. The research group ranks the sentiment of media coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Lam Research earned a news sentiment score of 0.04 on Accern's scale. They also assigned news coverage about the semiconductor company an impact score of 46.55 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock's share price in the near future.

Lam Research's stock is owned by a variety of of institutional and retail investors. Top institutional investors include BlackRock Inc. (6.80%), LSV Asset Management (1.49%), PointState Capital LP (1.13%), Franklin Resources Inc. (0.74%), Dimensional Fund Advisors LP (0.72%) and Millennium Management LLC (0.71%). 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.

LRCX stock was sold by a variety of institutional investors in the last quarter, including Thrivent Financial for Lutherans, Old Mutual Global Investors UK Ltd., American Century Companies Inc., Dimensional Fund Advisors LP, Schroder Investment Management Group, BlackRock Inc., KBC Group NV and Cypress Funds 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.

LRCX stock was bought by a variety of institutional investors in the last quarter, including PointState Capital LP, Swedbank, Artisan Partners Limited Partnership, Millennium Management LLC, Summit Trail Advisors LLC, Boussard & Gavaudan Investment Management LLP, Point72 Asset Management L.P. and LSV Asset Management. 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, Scottrade, Fidelity and Charles Schwab.

One share of LRCX stock can currently be purchased for approximately $204.37.

Lam Research has a market capitalization of $33.30 billion and generates $8.01 billion in revenue each year. The semiconductor company earns $1.70 billion in net income (profit) each year or $9.98 on an earnings per share basis. Lam Research employs 9,400 workers across the globe.

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]