NASDAQ:LRCX - Lam Research Stock Price, Forecast & News

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

Lam Research declared a quarterly dividend on Thursday, November 7th. Stockholders of record on Wednesday, December 11th will be given a dividend of $1.15 per share on Wednesday, January 8th. This represents a $4.60 annualized dividend and a dividend yield of 1.49%. The ex-dividend date of this dividend is Tuesday, December 10th. View Lam Research's Dividend History.

Lam Research announced that its board has approved a stock repurchase plan on Wednesday, January 23rd 2019, which permits the company to repurchase $5,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to repurchase up to 23% of its stock through open market purchases. Stock repurchase plans are often an indication that the company's board of directors believes its shares are undervalued.

Lam Research Co. (NASDAQ:LRCX) issued its quarterly earnings data on Wednesday, October, 23rd. The semiconductor company reported $3.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.01 by $0.17. The semiconductor company earned $2.17 billion during the quarter, compared to analyst estimates of $2.17 billion. Lam Research had a return on equity of 43.11% and a net margin of 22.38%. The company's revenue for the quarter was down 7.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.36 EPS. View Lam Research's Earnings History.

Lam Research is scheduled to release their next quarterly earnings announcement on Wednesday, January 29th 2020. View Earnings Estimates for Lam Research.

Lam Research will be holding an earnings conference call on Wednesday, January 29th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

Lam Research updated its second quarter earnings guidance on Wednesday, October, 23rd. The company provided earnings per share guidance of $3.60-4.00 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.14. The company issued revenue guidance of $2.35-2.65 billion, compared to the consensus revenue estimate of $2.20 billion.

21 analysts have issued 1 year price objectives for Lam Research's stock. Their forecasts range from $195.00 to $340.00. On average, they expect Lam Research's share price to reach $268.32 in the next year. This suggests that the stock has a possible downside of 12.9%. View Analyst Price Targets for Lam Research.

21 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Lam Research in the last year. There are currently 1 sell rating, 9 hold ratings and 11 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Lam Research.

News articles about LRCX stock have trended negative on Saturday, InfoTrie reports. InfoTrie identifies positive and negative press coverage by analyzing 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 five, with scores nearest to five being the most favorable. Lam Research earned a daily sentiment score of -2.0 on InfoTrie's scale. They also assigned 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 effect on the company's share price in the immediate future. View News Stories for Lam Research.

Lam Research saw a decrease in short interest in the month of December. As of December 31st, there was short interest totalling 5,270,000 shares, a decrease of 14.4% from the December 15th total of 6,160,000 shares. Based on an average trading volume of 1,530,000 shares, the days-to-cover ratio is currently 3.4 days. Approximately 3.7% of the shares of the stock are sold short. View Lam Research's Current Options Chain.

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), Photronics (PLAB), Nanometrics (NANO), Ultra Clean (UCTT), Cohu (COHU) and Xperi (XPER).

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), Broadcom (AVGO), Intel (INTC), Adobe (ADBE), Boeing (BA) and Cisco Systems (CSCO).

Lam Research's stock is owned by many different of retail and institutional investors. Top institutional shareholders include Wedge Capital Management L L P NC (0.11%), Artemis Investment Management LLP (0.11%), Johanson Financial Advisors Inc. (0.09%), Scout Investments Inc. (0.07%), Advisors Capital Management LLC (0.06%) and Arvest Bank Trust Division (0.05%). Company insiders that own Lam Research stock include Abhijit Y Talwalkar, Christine Heckart, Douglas R Bettinger, Kevin Jennings, Martin B Anstice, Patrick J Lord, Richard A Gottscho, Sarah A O'dowd, Scott Gerald Meikle, Seshasayee Varadarajan, Timothy Archer and Vahid Vahedi. View Institutional Ownership Trends for Lam Research.

LRCX stock was sold by a variety of institutional investors in the last quarter, including Artemis Investment Management LLP, Commerzbank Aktiengesellschaft FI, Reilly Financial Advisors LLC, DNB Asset Management AS, United Services Automobile Association, Advisors Capital Management LLC, Gateway Investment Advisers LLC and Meag Munich Ergo Kapitalanlagegesellschaft MBH. Company insiders that have sold Lam Research company stock in the last year include Abhijit Y Talwalkar, Christine Heckart, Douglas R Bettinger, Kevin Jennings, Patrick J Lord, Richard A Gottscho, Sarah A O'dowd, Scott Gerald Meikle, Seshasayee Varadarajan, Timothy Archer and Vahid Vahedi. View Insider Buying and Selling for Lam Research.

LRCX stock was acquired by a variety of institutional investors in the last quarter, including Wedge Capital Management L L P NC, Johanson Financial Advisors Inc., Scout Investments Inc., TIAA FSB, Pensionfund DSM Netherlands, Nisa Investment Advisors LLC, Assenagon Asset Management S.A. and Bowling Portfolio Management LLC. View Insider Buying and Selling 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 $308.00.

Lam Research has a market capitalization of $44.68 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 10,700 workers across the globe.View Additional Information About Lam Research.

The official website for Lam Research is http://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]