Lam Research Corporation designs, manufactures, markets, refurbishes, and services semiconductor processing equipment used in the fabrication of integrated circuits worldwide. The company offers ALTUS systems to deposit conformal films for tungsten metallization applications; SABRE electrochemical deposition product for copper damascene manufacturing; SOLA ultraviolet thermal processing products for film treatment; SPEED gapfill high-density plasma chemical vapor deposition (CVD) products; Striker single-wafer atomic layer deposition (ALD) products; and VECTOR plasma-enhanced CVD ALD products. It also provides 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. In addition, the company offers Coronus bevel clean products to enhance die yield; and Da Vinci, DV-Prime, EOS, SP to address a range of wafer cleaning. Further, it provides Metryx mass metrology systems for high aspect ratio etch, conformal and ALD/sidewall deposition, horizontal processing, film density monitoring, carbon mask open, and wafer cleaning/polymer removal applications; and legacy products. Lam Research Corporation was founded in 1980 and is headquartered in Fremont, California.
Industry, Sector and Symbol
Stock Exchange NASDAQ
Industry Special industry machinery, not elsewhere classified
Sub-IndustrySemiconductor Equipment
SectorComputer and Technology
SymbolNASDAQ:LRCX
CUSIP51280710
Phone510-572-0200
Debt
Debt-to-Equity Ratio0.27
Current Ratio2.90
Quick Ratio2.31
Price-To-Earnings
Trailing P/E Ratio8.65
Forward P/E Ratio9.74
P/E Growth0.6
Sales & Book Value
Annual Sales$11.08 billion
Price / Sales2.15
Cash Flow$20.9487 per share
Price / Cash7.21
Book Value$40.11 per share
Price / Book3.77
Profitability
EPS (Most Recent Fiscal Year)$17.87
Net Income$2.38 billion
Net Margins21.49%
Return on Equity47.14%
Return on Assets24.87%
Miscellaneous
Employees10,900
Outstanding Shares157,580,000
Market Cap$24.53 billion
Lam Research (NASDAQ:LRCX) Frequently Asked Questions
What is Lam Research's stock symbol?
Lam Research trades on the NASDAQ under the ticker symbol "LRCX."
How often does Lam Research pay dividends? What is the dividend yield for Lam Research?
Lam Research announced a quarterly dividend on Thursday, August 30th. Stockholders of record on Wednesday, September 12th will be given a dividend of $1.10 per share on Wednesday, September 26th. This represents a $4.40 annualized dividend and a dividend yield of 2.91%. The ex-dividend date is Tuesday, September 11th. View Lam Research's Dividend History.
How will Lam Research's stock buyback program work?
Lam Research declared that its Board of Directors has authorized a stock buyback program on Wednesday, March 7th 2018, which permits the company to repurchase $2,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Stock repurchase programs are typically an indication that the company's board believes its stock is undervalued.
How were Lam Research's earnings last quarter?
Lam Research Co. (NASDAQ:LRCX) issued its quarterly earnings data on Thursday, July, 26th. The semiconductor company reported $5.31 EPS for the quarter, beating the Zacks' consensus estimate of $4.94 by $0.37. The semiconductor company had revenue of $3.13 billion for the quarter, compared to the consensus estimate of $3.08 billion. Lam Research had a return on equity of 47.14% and a net margin of 21.49%. Lam Research's quarterly revenue was up 33.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.11 earnings per share. View Lam Research's Earnings History.
When is Lam Research's next earnings date?
What guidance has Lam Research issued on next quarter's earnings?
Lam Research updated its first quarter earnings guidance on Thursday, July, 26th. The company provided EPS guidance of $3.00-3.40 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.89. The company issued revenue guidance of $2.15-2.45 billion, compared to the consensus revenue estimate of $2.77 billion.
What price target have analysts set for LRCX?
24 brokers have issued 12 month target prices for Lam Research's shares. Their forecasts range from $177.00 to $300.00. On average, they expect Lam Research's stock price to reach $245.7291 in the next year. This suggests a possible upside of 62.5% from the stock's current price. View Analyst Price Targets for Lam Research.
What is the consensus analysts' recommendation for Lam Research?
24 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Lam Research in the last year. There are currently 3 hold ratings and 21 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Lam Research.
What are Wall Street analysts saying about Lam Research stock?
Here are some recent quotes from research analysts about Lam Research stock:
- 1. According to Zacks Investment Research, "Lam Research’s robust demand for equipment and memory segment, strength in logic & foundry along with increased adoption rates of 3D NAND technology bodes well for its top-line growth. Further, the company’s popular etch and deposition technologies are suitable for the ongoing vertical scaling, multi-patterning, advanced packaging and advanced transistor architectures. This will help it rebound going forward. Estimates have been stable lately ahead of the company’s Q4 earnings release. The company has positive record of earnings surprises in recent quarters. However, the company's top-line results continue to be impacted by weak PC demand. Also, oversupply and overcapacity of memory chips could impact Lam Research’s growth and sales figures as yields and output seem to be improving. Notably, the stock has underperformed the industry it belongs to over a year." (7/24/2018)
- 2. Bank of America Corp analysts commented, "Clearly the 4Q miss as reported on the morning of June 7th (diluted lower cost benefits; increased margin pressures in pet) and FY19 commentary (reinvestment, minimal underlying EPS growth) were both disappointing. We have lowered our FY19 EPS estimate by $1.27 to $8.65, and to $9.15. Our estimates do not reflect the potential divestiture of the US baking unit (potential dilution of ~25c). But we continue to think the stock’s valuation (12x our CY19 EPS estimate including amortization; FY19 FCF yield of 7.2%) represents attractive value given the mix of brands and categories, even in the context of the depressed CPG space. But catalysts may now be more spread out: share gains in coffee (driven by K-cups, and the new brand 1850 across all platforms), improving sales performance for the pet unit (innovation in treats, expansion of the APN platform), and a more focused consumer foods unit." (6/11/2018)
Are investors shorting Lam Research?
Lam Research saw a increase in short interest in August. As of August 15th, there was short interest totalling 15,965,631 shares, an increase of 22.3% from the July 31st total of 13,058,001 shares. Based on an average trading volume of 2,346,142 shares, the days-to-cover ratio is presently 6.8 days. Approximately 10.2% of the shares of the company are sold short. View Lam Research's Current Options Chain.
Who are some of Lam Research's key competitors?
Some companies that are related to Lam Research include ASML (ASML), WARTSILA OYJ/ADR (WRTBY), IHI Corp/ADR (IHICY), SUMITOMO HEAVY/ADR (SOHVY), ASM International (ASMIY), Brooks Automation (BRKS), Bodycote (BYPLF), Milacron (MCRN), Axcelis Technologies (ACLS), Veeco Instruments (VECO), Energy Recovery (ERII), Manitex International (MNTX), ACM Research (ACMR), Intevac (IVAC) and Amtech Systems (ASYS).
Who are Lam Research's key executives?
Lam Research's management team includes the folowing people:
- Mr. Martin B. Anstice, CEO & Director (Age 51)
- Mr. Timothy M. Archer, Pres & COO (Age 51)
- Mr. Douglas R. Bettinger, Exec. VP, CFO & Chief Accounting Officer (Age 51)
- Dr. Richard A. Gottscho, Exec. VP & Corp. CTO (Age 66)
- Ms. Sarah A. O'Dowd Esq., Sr. VP, Chief Legal Officer & Sec. (Age 68)
Who are Lam Research's major shareholders?
Lam Research's stock is owned by a variety of of institutional and retail investors. Top institutional investors include BlackRock Inc. (6.86%), Janus Henderson Group PLC (3.36%), LSV Asset Management (1.61%), FMR LLC (1.48%), Bank of New York Mellon Corp (1.35%) and Bank of New York Mellon Corp (1.41%). 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.
Which institutional investors are selling Lam Research stock?
LRCX stock was sold by a variety of institutional investors in the last quarter, including Mackay Shields LLC, Victory Capital Management Inc., Wells Fargo & Company MN, Zurcher Kantonalbank Zurich Cantonalbank, Russell Investments Group Ltd., PointState Capital LP, SSI Investment Management Inc. and Voya Investment Management 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.
Which institutional investors are buying Lam Research stock?
LRCX stock was acquired by a variety of institutional investors in the last quarter, including FMR LLC, Swedbank, Morgan Stanley, Bank of Montreal Can, LFA Lugano Financial Advisors SA, TD Asset Management Inc., Janus Henderson Group PLC and American Century Companies Inc.. View Insider Buying and Selling for Lam Research.
How do I buy shares of 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.
What is Lam Research's stock price today?
One share of LRCX stock can currently be purchased for approximately $151.24.
How big of a company is Lam Research?
Lam Research has a market capitalization of $24.53 billion and generates $11.08 billion in revenue each year. The semiconductor company earns $2.38 billion in net income (profit) each year or $17.87 on an earnings per share basis. Lam Research employs 10,900 workers across the globe.
What is Lam Research's official website?
How can I contact Lam Research?
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]
MarketBeat Community Rating for Lam Research (NASDAQ LRCX)
MarketBeat's community ratings are surveys of what our community members think about Lam Research and other stocks. Vote "Outperform" if you believe LRCX will outperform the S&P 500 over the long term. Vote "Underperform" if you believe LRCX will underperform the S&P 500 over the long term. You may vote once every thirty days.
