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

Lam Research's stock was trading at $276.63 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, LRCX shares have decreased by 19.3% and is now trading at $223.33. View which stocks have been mosted impacted by Coronavirus.

21 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Lam Research in the last year. There are currently 6 hold ratings and 15 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Lam Research.

Lam Research is scheduled to release its next quarterly earnings announcement on Wednesday, April 22nd 2020. View our earnings forecast for Lam Research.

Lam Research Co. (NASDAQ:LRCX) released its earnings results on Wednesday, January, 29th. The semiconductor company reported $4.01 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $3.85 by $0.16. The semiconductor company had revenue of $2.58 billion for the quarter, compared to analyst estimates of $2.51 billion. Lam Research had a net margin of 21.67% and a return on equity of 45.72%. The company's revenue for the quarter was up 19.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.87 earnings per share. View Lam Research's earnings history.

Lam Research announced a quarterly dividend on Friday, February 21st. Investors of record on Wednesday, March 25th will be paid a dividend of $1.15 per share on Wednesday, April 8th. This represents a $4.60 dividend on an annualized basis and a yield of 2.06%. The ex-dividend date of this dividend is Tuesday, March 24th. View Lam Research's dividend history.

Lam Research declared that its board has authorized a stock buyback program 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 reacquire up to 23% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's management believes its stock is undervalued.

Lam Research updated its third quarter earnings guidance on Wednesday, January, 29th. The company provided earnings per share (EPS) guidance of $4.15-4.95 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.48. The company issued revenue guidance of $2.6-3.0 billion, compared to the consensus revenue estimate of $2.57 billion.

21 brokerages have issued 12 month price targets for Lam Research's shares. Their forecasts range from $210.00 to $400.00. On average, they anticipate Lam Research's share price to reach $306.95 in the next year. This suggests a possible upside of 37.4% from the stock's current price. View analysts' price targets for Lam Research.

Media headlines about LRCX stock have been trending somewhat positive this week, InfoTrie reports. The research firm rates the sentiment of media coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Lam Research earned a coverage optimism score of 0.6 on InfoTrie's scale. They also gave news stories about the semiconductor company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the company's share price in the near future. View the latest news aboutLam Research.

Lam Research saw a increase in short interest during the month of March. As of March 13th, there was short interest totaling 3,861,800 shares, an increase of 11.6% from the February 27th total of 3,460,000 shares. Based on an average daily trading volume, of 2,265,000 shares, the short-interest ratio is currently 1.7 days. Currently, 2.7% of the shares of the stock are short sold. 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), Nanometrics (ONTO), FormFactor (FORM), Xperi (XPER), Photronics (PLAB), Axcelis Technologies (ACLS) and Ultra Clean (UCTT).

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

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

Lam Research's stock is owned by many different retail and institutional investors. Top institutional investors include Neville Rodie & Shaw Inc. (0.03%) and Nelson Van Denburg & Campbell Wealth Management Group LLC (0.00%). Company insiders that own Lam Research stock include Abhijit Y Talwalkar, Christine Heckart, Douglas R Bettinger, Kevin Jennings, Mansy Youssef A El, 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 Neville Rodie & Shaw Inc.. Company insiders that have sold Lam Research company stock in the last year include Abhijit Y Talwalkar, Douglas R Bettinger, Kevin Jennings, Mansy Youssef A El, 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 activity for Lam Research.

LRCX stock was acquired by a variety of institutional investors in the last quarter, including Nelson Van Denburg & Campbell Wealth Management Group LLC. View insider buying and selling activity 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 $223.33.

Lam Research has a market capitalization of $32.51 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]