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
Current SymbolNASDAQ:LRCX
Previous Symbol
CUSIP51280710
Phone510-572-0200
Debt
Debt-to-Equity Ratio0.34
Current Ratio2.66
Quick Ratio2.00
Price-To-Earnings
Trailing P/E Ratio8.03
Forward P/E Ratio9.98
P/E Growth0.86
Sales & Book Value
Annual Sales$11.08 billion
Price / Sales2.01
Cash Flow$20.9111 per share
Price / Cash6.86
Book Value$40.11 per share
Price / Book3.58
Profitability
EPS (Most Recent Fiscal Year)$17.87
Net Income$2.38 billion
Net Margins21.26%
Return on Equity49.80%
Return on Assets25.01%
Miscellaneous
Employees10,900
Outstanding Shares155,180,000
Market Cap$22.97 billion
OptionableOptionable
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 declared a quarterly dividend on Tuesday, November 13th. Investors of record on Wednesday, December 5th will be given a dividend of $1.10 per share on Wednesday, December 26th. This represents a $4.40 annualized dividend and a dividend yield of 3.07%. The ex-dividend date is Tuesday, December 4th. View Lam Research's Dividend History.
How will Lam Research's stock buyback program work?
Lam Research declared that its board has initiated a share repurchase program 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 purchase shares of its stock through open market purchases. Shares buyback programs are often a sign that the company's leadership believes its shares are undervalued.
How were Lam Research's earnings last quarter?
Lam Research Co. (NASDAQ:LRCX) issued its quarterly earnings data on Tuesday, October, 16th. The semiconductor company reported $3.36 earnings per share for the quarter, beating the Zacks' consensus estimate of $3.22 by $0.14. The semiconductor company had revenue of $2.33 billion for the quarter, compared to analysts' expectations of $2.31 billion. Lam Research had a net margin of 21.26% and a return on equity of 49.80%. The firm's revenue for the quarter was down 6.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.46 EPS. 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 issued an update on its second quarter earnings guidance on Tuesday, October, 16th. The company provided EPS guidance of $3.45-3.85 for the period, compared to the Thomson Reuters consensus estimate of $3.45. The company issued revenue guidance of $2.35-2.650 billion, compared to the consensus revenue estimate of $2.35 billion.Lam Research also updated its Q2 2019 guidance to $3.45-3.85 EPS.
What price target have analysts set for LRCX?
23 equities research analysts have issued twelve-month price targets for Lam Research's stock. Their predictions range from $160.00 to $300.00. On average, they anticipate Lam Research's share price to reach $222.5805 in the next year. This suggests a possible upside of 55.2% from the stock's current price. View Analyst Price Targets for Lam Research.
What is the consensus analysts' recommendation for Lam Research?
23 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Lam Research in the last year. There are currently 8 hold ratings and 15 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. Mizuho analysts commented, "We believe N-T soft DRAM pricing and NAND pricing soft into 2H19 could be a Capex headwind. As we show in Exhbit-1, we see DRAM/NAND Capex pushouts. For LRCX, memory capex was ~77% of revenue. China overall strong but domestic spending could be weaker. LRCX noted China was strong at ~25% of total revenue with relatively balanced contributions from Memory, Foundry and Logic. China is expected to be up y/ y into 2019E, though we believe domestic China memory spend could be down y/y with YMTC’s challenges." (10/17/2018)
- 2. According to Zacks Investment Research, "Lam Research is currently suffering from oversupply and overcapacity of memory chips which is impacting the equipment spending across the world. Further, rising competition in the semiconductor capital equipment market especially from Applied Materials remains a headwind for the company’s market position. Notably, shares of Lam Research have underperformed the industry it belongs to on a year-to-date basis. Nevertheless, the company remains optimistic on improving demand in its equipment and memory segments. Further, its strength in logic & foundry segments along with increased adoption rates of 3D NAND technology bodes well for its top-line growth. However, foreign currency fluctuation risks and cyclicality in the semiconductor industry are major concerns." (10/16/2018)
- 3. 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)
Has Lam Research been receiving favorable news coverage?
News stories about LRCX stock have trended somewhat positive recently, according to InfoTrie Sentiment. The research group ranks the sentiment of press coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Lam Research earned a daily sentiment score of 1.9 on InfoTrie's scale. They also gave media stories about the semiconductor company a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an effect on the company's share price in the near term.
Are investors shorting Lam Research?
Lam Research saw a decline in short interest in the month of October. As of October 15th, there was short interest totalling 9,732,676 shares, a decline of 15.4% from the September 28th total of 11,506,507 shares. Based on an average daily volume of 3,018,291 shares, the short-interest ratio is presently 3.2 days. Currently, 6.4% of the company's stock are short sold. 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), Bodycote (BYPLF), Brooks Automation (BRKS), Milacron (MCRN), Axcelis Technologies (ACLS), Energy Recovery (ERII), Veeco Instruments (VECO), ACM Research (ACMR), Manitex International (MNTX), 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)
- Dr. Scott G. Meikle, Sr. VP of Global Customer Operations (Age 54)
Who are Lam Research's major shareholders?
Lam Research's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (7.25%), Janus Henderson Group PLC (3.47%), FMR LLC (2.28%), Franklin Resources Inc. (2.10%), LSV Asset Management (1.86%) and Bank of New York Mellon Corp (1.45%). 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 Capital Research Global Investors, AQR Capital Management LLC, JPMorgan Chase & Co., Morgan Stanley, PNC Financial Services Group Inc., Glenmede Trust Co. NA, Sumitomo Mitsui Asset Management Company LTD and Mitsubishi UFJ Trust & Banking Corp. Company insiders that have sold Lam Research company stock in the last year include Martin B Anstice, Patrick J Lord, Richard A Gottscho, Sarah A O'dowd, Seshasayee Varadarajan and Timothy Archer. View Insider Buying and Selling for Lam Research.
Which institutional investors are buying Lam Research stock?
LRCX stock was purchased by a variety of institutional investors in the last quarter, including Franklin Resources Inc., FMR LLC, Renaissance Technologies LLC, LSV Asset Management, FIL Ltd, Swedbank, American Century Companies Inc. and Frontier Capital Management Co. LLC. 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 $143.45.
How big of a company is Lam Research?
Lam Research has a market capitalization of $22.97 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.
