NASDAQ:LRCXLam Research Stock Price, Forecast & News

Lam Research's stock was trading at $276.63 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, LRCX stock has increased by 21.1% and is now trading at $334.96. View which stocks have been most impacted by Coronavirus.

26 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Lam Research in the last year. There are currently 6 hold ratings and 20 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Lam Research.

Lam Research is scheduled to release its next quarterly earnings announcement on Wednesday, July 29th 2020. View our earnings forecast for Lam Research.

Lam Research Co. (NASDAQ:LRCX) released its earnings results on Wednesday, April, 22nd. The semiconductor company reported $3.98 EPS for the quarter, hitting the Thomson Reuters' consensus estimate of $3.98. The semiconductor company had revenue of $2.51 billion for the quarter, compared to analysts' expectations of $2.51 billion. Lam Research had a net margin of 21.81% and a return on equity of 47.79%. Lam Research's revenue was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.70 earnings per share. View Lam Research's earnings history.

Lam Research declared a quarterly dividend on Monday, May 18th. Shareholders of record on Wednesday, June 17th will be given a dividend of $1.15 per share on Wednesday, July 8th. This represents a $4.60 dividend on an annualized basis and a dividend yield of 1.37%. The ex-dividend date is Tuesday, June 16th. View Lam Research's dividend history.

Lam Research announced that its Board of Directors has approved a stock repurchase plan on Wednesday, January 23rd 2019, which authorizes the company to repurchase $5,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to repurchase up to 23% of its shares through open market purchases. Shares repurchase plans are often an indication that the company's board believes its shares are undervalued.

26 analysts have issued 12 month target prices for Lam Research's stock. Their forecasts range from $231.00 to $400.00. On average, they anticipate Lam Research's stock price to reach $314.27 in the next twelve months. This suggests that the stock has a possible downside of 6.2%. View analysts' price targets for Lam Research.

Media stories about LRCX stock have been trending negative this week, according to InfoTrie Sentiment. The research group identifies positive and negative media coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Lam Research earned a coverage optimism score of -2.1 on InfoTrie's scale. They also gave media coverage about the semiconductor company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the stock's share price in the next several days. View the latest news about Lam Research.

Lam Research saw a decrease in short interest in June. As of June 30th, there was short interest totaling 4,380,000 shares, a decrease of 6.8% from the June 15th total of 4,700,000 shares. Based on an average daily trading volume, of 2,300,000 shares, the days-to-cover ratio is currently 1.9 days. Currently, 3.0% of the company's 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), Brooks Automation (BRKS), Amkor Technology (AMKR), Advanced Energy Industries (AEIS), FormFactor (FORM), Nanometrics (ONTO), Ultra Clean (UCTT), Axcelis Technologies (ACLS), Photronics (PLAB) and Xperi (XPER). View all competitors.

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), Intel (INTC), Broadcom (AVGO), Adobe (ADBE), Boeing (BA) and salesforce.com (CRM).

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

Lam Research's stock is owned by many different institutional and retail investors. Top institutional shareholders include State of Alaska Department of Revenue (0.03%), Farmers Trust Co. (0.01%), Groesbeck Investment Management Corp NJ (0.00%), Fulton Bank N. A. (0.00%) and Nelson Van Denburg & Campbell Wealth Management Group LLC (0.00%). Company insiders that own Lam Research stock include Abhijit Y Talwalkar, Christine Heckart, 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 institutional ownership trends for Lam Research.

LRCX stock was sold by a variety of institutional investors in the last quarter, including State of Alaska Department of Revenue, and Nelson Van Denburg & Campbell Wealth Management Group LLC. 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 activity for Lam Research.

LRCX stock was acquired by a variety of institutional investors in the last quarter, including Farmers Trust Co., Groesbeck Investment Management Corp NJ, and Fulton Bank N. A.. View insider buying and selling activity 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 $334.96.

Lam Research has a market capitalization of $48.62 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.

The official website for Lam Research is 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 invest[email protected]