Lam Research Stock Forecast, Price & 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 24.8% and is now trading at $345.37.
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26 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Lam Research in the last year. There are currently 2 hold ratings and 24 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
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Lam Research is scheduled to release its next quarterly earnings announcement on Wednesday, February 3rd 2021.
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Lam Research Co. (NASDAQ:LRCX) announced its quarterly earnings results on Wednesday, October, 21st. The semiconductor company reported $5.67 earnings per share for the quarter, topping the consensus estimate of $5.17 by $0.50. Lam Research had a net margin of 22.42% and a return on equity of 49.69%. During the same period in the prior year, the company posted $3.18 earnings per share.
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Lam Research declared a quarterly dividend on Thursday, August 27th. Investors of record on Wednesday, September 30th will be paid a dividend of $1.30 per share on Wednesday, October 14th. This represents a $5.20 dividend on an annualized basis and a dividend yield of 1.51%. The ex-dividend date of this dividend is Tuesday, September 29th. This is an increase from Lam Research's previous quarterly dividend of $1.15.
View Lam Research's dividend history.

Lam Research announced that its board has authorized a stock buyback plan on Wednesday, January 23rd 2019, which authorizes the company to buyback $5,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to buy up to 23% of its shares through open market purchases. Shares buyback plans are generally a sign that the company's board of directors believes its stock is undervalued.

Lam Research issued an update on its second quarter earnings guidance on Wednesday, October, 21st. The company provided earnings per share guidance of $5.20-6.00 for the period, compared to the Thomson Reuters consensus estimate of $4.46. The company issued revenue guidance of $3.1-3.5 billion, compared to the consensus revenue estimate of $3.09 billion.

26 brokers have issued 1 year target prices for Lam Research's stock. Their forecasts range from $265.00 to $465.00. On average, they expect Lam Research's stock price to reach $381.73 in the next year. This suggests a possible upside of 10.5% from the stock's current price.
View analysts' price targets for Lam Research.

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), Onto Innovation (ONTO), Xperi (XPER), Ultra Clean (UCTT), Cohu (COHU) and Axcelis Technologies (ACLS).
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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), Advanced Micro Devices (AMD), Broadcom (AVGO), salesforce.com (CRM) and Paypal (PYPL).

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

Lam Research's stock is owned by a number of retail and institutional investors. Top institutional investors include LSV Asset Management (0.55%), Pinnacle Associates Ltd. (0.15%), Envestnet Asset Management Inc. (0.10%), Veracity Capital LLC (0.09%), M&G Investment Management Ltd. (0.09%) and Nisa Investment Advisors LLC (0.05%). 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.
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LRCX stock was sold by a variety of institutional investors in the last quarter, including LSV Asset Management, Scout Investments Inc., Candriam Luxembourg S.C.A., Pinnacle Associates Ltd., Adams Diversified Equity Fund Inc., Standard Life Aberdeen plc, Redpoint Investment Management Pty Ltd, and Bowling Portfolio Management LLC. Company insiders that have sold Lam Research company stock in the last year include Douglas R Bettinger, Kevin Jennings, Mansy Youssef A El, Patrick J Lord, Richard A Gottscho, Sarah A O'dowd, Scott Gerald Meikle, 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 Polaris Wealth Advisory Group LLC, Foundry Partners LLC, James Investment Research Inc., M&G Investment Management Ltd., Ziegler Capital Management LLC, Swarthmore Group Inc., Envestnet Asset Management Inc., and Jackson Wealth Management LLC.
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 $345.37.

Lam Research has a market capitalization of $50.11 billion and generates $10.04 billion in revenue each year. The semiconductor company earns $2.25 billion in net income (profit) each year or $15.95 on an earnings per share basis. Lam Research employs 11,300 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 [email protected]