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.
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Industry, Sector and Symbol
Industry Special industry machinery, not elsewhere classified
Sub-IndustrySemiconductor Equipment
SectorComputer and Technology
Phone510-572-0200
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$9.65 billion
Profitability
Miscellaneous
Employees10,900
Next Earnings Date10/15/2019 (Estimated)
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 Thursday, May 9th. Investors of record on Wednesday, June 12th will be paid a dividend of $1.10 per share on Wednesday, July 10th. This represents a $4.40 annualized dividend and a dividend yield of 2.15%. The ex-dividend date is Tuesday, June 11th. View Lam Research's Dividend History.
How will Lam Research's stock buyback program work?
Lam Research announced that its Board of Directors has approved a stock repurchase program 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 stock through open market purchases. Stock buyback programs are typically a sign that the company's management believes its stock is undervalued.
How were Lam Research's earnings last quarter?
Lam Research Co. (NASDAQ:LRCX) posted its earnings results on Wednesday, July, 31st. The semiconductor company reported $3.62 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $3.40 by $0.22. The semiconductor company earned $2.36 billion during the quarter, compared to analyst estimates of $2.37 billion. Lam Research had a return on equity of 43.82% and a net margin of 22.70%. The company's revenue was down 24.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $5.31 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 first quarter earnings guidance on Wednesday, July, 31st. The company provided earnings per share guidance of $2.80-3.20 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.25. The company issued revenue guidance of $2.0-2.3 billion, compared to the consensus revenue estimate of $2.31 billion.
What price target have analysts set for LRCX?
17 brokers have issued 1 year price objectives for Lam Research's shares. Their predictions range from $165.00 to $285.00. On average, they anticipate Lam Research's share price to reach $224.6875 in the next year. This suggests a possible upside of 9.5% from the stock's current price. View Analyst Price Targets for Lam Research.
What is the consensus analysts' recommendation for Lam Research?
17 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Lam Research in the last year. There are currently 9 hold ratings and 8 buy ratings for the stock, resulting in a consensus recommendation of "Hold." 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 reported strong fiscal third-quarter results on the back of robust equipment demand and solid execution. Moreover, rising adoption of 3D architectures remain positive. It continues to drive the performance of the company’s non-memory segments. Further, advanced packaging technology inflections are acting as tailwinds. Additionally, Lam Research continues to benefit from its transition to new data-enabled economy, in which DRAM and NAND continue to gain from density growth. Notably, the stock has underperformed the industry it belongs to over a year. However, it expects memory segments to weaken during this year. Further, cyclicality and the current U.S.-China trade war are headwinds in the semiconductor industry. Further, foreign currency fluctuation risks are major concerns." (4/26/2019)
- 2. Mizuho analysts commented, "We believe N-T memory capex pushouts, market share and EUV could be headwinds." (4/25/2019)
- 3. Needham & Company LLC analysts commented, "Lam Research reported better than expected F2Q19 results and provided F3Q19 guidance in-line with our estimates. LRCX now expects WFE to decline by a mid- to high-teen percentage in CY19 to ~$42-$43bn and to be C1H19-weighted driven by increased logic and foundry spending and decreased memory spending. Most importantly, LRCX does not expect memory spending to recover in 2019. While we remain buyers of LRCX given its valuation, exposure to multiple growth drivers and its position to benefit as memory spending returns, we are modestly reducing our FY20 and FY21 estimates and acknowledge it may take a little longer for memory spending to recover." (1/24/2019)
Has Lam Research been receiving favorable news coverage?
Media headlines about LRCX stock have been trending negative recently, InfoTrie reports. InfoTrie identifies positive and negative press coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of public 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 -2.3 on InfoTrie's scale. They also gave news stories about the semiconductor company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the company's share price in the next few days. View News Stories for Lam Research.
Are investors shorting Lam Research?
Lam Research saw a decline in short interest during the month of July. As of July 31st, there was short interest totalling 7,100,100 shares, a decline of 13.8% from the June 30th total of 8,236,300 shares. Based on an average daily trading volume, of 1,910,000 shares, the days-to-cover ratio is presently 3.7 days. Currently, 4.7% of the shares of the stock 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), Atlas Copco (ALFVY), GEA Group Aktiengesellschaft (GEAGY), ASM International (ASMIY), IHI CORP/ADR (IHICY), Brooks Automation (BRKS), Bodycote (BYPLF), Milacron (MCRN), Veeco Instruments (VECO), Axcelis Technologies (ACLS), Energy Recovery (ERII), ACM Research (ACMR), Intevac (IVAC) and Manitex International (MNTX).
What other stocks do shareholders of Lam Research own?
Who are Lam Research's key executives?
Lam Research's management team includes the folowing people:
- Mr. Timothy M. Archer, Pres, CEO & Director (Age 52)
- Mr. Douglas R. Bettinger, Exec. VP, CFO & Chief Accounting Officer (Age 52)
- Dr. Richard A. Gottscho, Exec. VP & Corp. CTO (Age 67)
- Dr. Scott G. Meikle, Sr. VP of Global Customer Operations (Age 55)
- Tina Correia, Corp. VP of Investor Relations & Communications
Who are Lam Research's major shareholders?
Lam Research's stock is owned by many different of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (7.89%), BlackRock Inc. (7.60%), Janus Henderson Group PLC (3.62%), LSV Asset Management (1.87%), Bank of New York Mellon Corp (1.77%) and Nuveen Asset Management LLC (1.67%). Company insiders that own Lam Research stock include Abhijit Y Talwalkar, Christine Heckart, Kevin Jennings, 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 major investors are selling Lam Research stock?
LRCX stock was sold by a variety of institutional investors in the last quarter, including Price T Rowe Associates Inc. MD, Morgan Stanley, LSV Asset Management, Marshall Wace North America L.P., Swedbank, Bank of New York Mellon Corp, Westwood Holdings Group Inc. and RGM Capital LLC. Company insiders that have sold Lam Research company stock in the last year include Abhijit Y Talwalkar, Christine Heckart, Kevin Jennings, Patrick J Lord, Richard A Gottscho and Seshasayee Varadarajan. View Insider Buying and Selling for Lam Research.
Which major investors are buying Lam Research stock?
LRCX stock was bought by a variety of institutional investors in the last quarter, including Nuveen Asset Management LLC, Lansdowne Partners UK LLP, AQR Capital Management LLC, BlackRock Inc., First Trust Advisors LP, UBS Asset Management Americas Inc., Bank of Montreal Can and Prudential Financial 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 $205.11.
How big of a company is Lam Research?
Lam Research has a market capitalization of $30.75 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 10,900 workers across the globe.View Additional Information About Lam Research.
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.
