Lam Research Corporation Company Profile (NASDAQ:LRCX)

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

Lam Research Corporation declared a quarterly dividend on Monday, August 7th. Shareholders of record on Wednesday, September 13th will be paid a dividend of $0.45 per share on Wednesday, October 4th. This represents a $1.80 annualized dividend and a yield of 1.14%. The ex-dividend date is Tuesday, September 12th. View Lam Research Corporation's Dividend History.

Lam Research Corporation (NASDAQ:LRCX) released its quarterly earnings data on Wednesday, July, 26th. The company reported $3.11 EPS for the quarter, topping analysts' consensus estimates of $3.02 by $0.09. The business earned $2.34 billion during the quarter, compared to analyst estimates of $2.31 billion. Lam Research Corporation had a net margin of 21.19% and a return on equity of 26.95%. The firm's quarterly revenue was up 51.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.80 EPS. View Lam Research Corporation's Earnings History.

Lam Research Corporation is scheduled to release their next quarterly earnings announcement on Wednesday, October, 18th 2017. View Earnings Estimates for Lam Research Corporation.

Lam Research Corporation updated its first quarter earnings guidance on Wednesday, July, 26th. The company provided EPS guidance of $3.13-3.37 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.76. The company issued revenue guidance of $2.35-2.55 billion, compared to the consensus revenue estimate of $2.17 billion.

19 brokerages have issued 1 year price targets for Lam Research Corporation's shares. Their forecasts range from $95.00 to $220.00. On average, they anticipate Lam Research Corporation's stock price to reach $176.33 in the next year. View Analyst Ratings for Lam Research Corporation.

Here are some recent quotes from research analysts about Lam Research Corporation stock:

• 1. According to Zacks Investment Research, "Lam Research Corp. is a leading global provider of innovative wafer fabrication equipment and services to the semiconductor industry. The company reported better-than-expected fiscal second quarter 2017 results with earnings surpassing our estimates. The results were driven by strong success in the areas of device architecture, process flow and advanced packaging technology inflections. Over the last one year, the stock has outperformed the Zacks characterized Semi-Equipment Wafer Fab industry.  The company has been improving on WFE market share significantly since 2013 and expects to continue making gains, going forward.   At the same time, the persistent decline in the PC market, which is still the most important consumer of DRAMs, the competitive climate and currency effects remain concerns." (3/28/2017)
• 2. Susquehanna Bancshares Inc analysts commented, "As was expected, Lam's revenue and shipment guide was solid and implying 2017 WFE spend that is tracking up 5-10% (and off of a higher base in 2016). The company's shipment guide suggests 2H shipment in 2017 will decline by 25-30% vs. 1H. Thus, with significant 3D NAND capacity installed and ready for mass production by YE17, the debate changes to the direction of shipment and revenue into 2018. Additionally, even if shipment and revenue were to rebound in 1H18, then one can argue that the 2020 earning power has been pulled forward. In this scenario, the debate on Lam and the rest of Semi Cap Eq (SCE) sector changes to what is the right multiple to peak earning. FCF margins have certainly improved and are now less volatile compared to prior trends. Additionally, any change to US tax codes could help Lam improve on-shore cash balance and thus strengthen capital return budgets. However, what is unknown is the direction of underlying fundamentals. There is no debate that Lam's customers are now more rational with investment plans, but what about semi demand drivers into 2018? How about de-coupling of NAND wafer capacity investment from NAND bit supply growth as 64L 3D NAND TLC will help with 3-5x increase in NAND wafer density? And how about leading edge Foundry/Logic; what could happen to 2018 spend with EUV insertion not until 2019 (which could theoretically improve the affordability of leading edge Foundry/Logic)? In this context, and even if we were to remove the word cyclicality from the Webster Dictionary, we argue the debate on SCE section changes to appropriate valuation multiples, a theme that will be on-going for sometime." (1/26/2017)
• 3. Deutsche Bank AG analysts commented, "Strong shipments to drive 1H upside; LRCX is our top pick for 2017 Tgt USD115 to USD125 LRCX should see double-digit revenue growth in 2017 vs. WFE growth of DBe 3-5%, driven by continued share gains, SAM expansion and favorable mix. While fears of peak cycle will continue to exist, we believe the combination of low valuation (12x CY18E EPS and 7x EV/EBITDA), revenue outperformance and an increased focus on capital returns makes LRCX an attractive investment from a risk/reward standpoint. We raise our P/T to $125 and reiterate Buy." (1/23/2017)

Some companies that are related to Lam Research Corporation include Fortive Corporation (FTV), Qorvo (QRVO), Entegris (ENTG), MACOM Technology Solutions Holdings (MTSI), Amkor Technology (AMKR), Brooks Automation (BRKS), Kulicke and Soffa Industries (KLIC), FormFactor (FORM), Ultra Clean Holdings (UCTT), Nanometrics Incorporated (NANO), Axcelis Technologies (ACLS), Photronics (PLAB), Xcerra Corporation (XCRA), Cohu (COHU), PDF Solutions (PDFS), Camtek (CAMT), ASML Holding N.V. (ASML) and Chipmos Technologies (IMOS).

Lam Research Corporation's management team includes the folowing people:

• Stephen G. Newberry, Chairman of the Board
• Martin B. Anstice, President, Chief Executive Officer, Director
• Douglas R. Bettinger, Chief Financial Officer, Executive Vice President, Chief Accounting Officer
• Timothy M. Archer, Chief Operating Officer, Executive Vice President
• Richard A. Gottscho, Executive Vice President, Corporate Chief Technology Officer
• Sarah A. O'Dowd, Senior Vice President, Chief Legal Officer, Secretary
• Abhijit Y. Talwalkar, Lead Independent Director
• Young Bum Koh, Director
• Eric K. Brandt, Independent Director
• Michael R. Cannon, Independent Director

Lam Research Corporation's stock is owned by a variety of of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (9.99%), FMR LLC (6.13%), Ameriprise Financial Inc. (5.15%), State Street Corp (4.25%), Janus Henderson Group PLC (2.93%) and LSV Asset Management (1.47%). Company insiders that own Lam Research Corporation stock include Christine Heckart, Douglas R Bettinger, Mansy Youssef A El, Martin B Anstice, Patrick J Lord, Richard A Gottscho, Sarah A O'dowd, Stephen G Newberry and Timothy Archer. View Institutional Ownership Trends for Lam Research Corporation.

Lam Research Corporation's stock was sold by a variety of institutional investors in the last quarter, including Ameriprise Financial Inc., FIL Ltd, Investec Asset Management LTD, TIAA CREF Investment Management LLC, FMR LLC, Pioneer Investment Management Inc., PNC Financial Services Group Inc. and USS Investment Management Ltd. Company insiders that have sold Lam Research Corporation stock in the last year include Christine Heckart, Douglas R Bettinger, Mansy Youssef A El, Martin B Anstice, Patrick J Lord, Richard A Gottscho, Sarah A O'dowd, Stephen G Newberry and Timothy Archer. View Insider Buying and Selling for Lam Research Corporation.

Lam Research Corporation's stock was bought by a variety of institutional investors in the last quarter, including Janus Henderson Group PLC, Harbour Capital Advisors LLC, Old Mutual Global Investors UK Ltd., GQG Partners LLC, Acadian Asset Management LLC, Vanguard Group Inc., AJO LP and Koch Industries Inc.. View Insider Buying and Selling for Lam Research Corporation.

Shares of Lam Research Corporation can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of Lam Research Corporation stock can currently be purchased for approximately $158.46.