NASDAQ:LRCXLam 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 increased by 3.7% and is now trading at $286.89. View which stocks have been most impacted by Coronavirus.

26 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Lam Research in the last year. There are currently 6 hold ratings and 20 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, July 29th 2020. View our earnings forecast for Lam Research.

Lam Research Co. (NASDAQ:LRCX) issued its earnings results on Wednesday, April, 22nd. The semiconductor company reported $3.98 EPS for the quarter, hitting analysts' consensus estimates of $3.98. The semiconductor company earned $2.51 billion during the quarter, compared to analysts' expectations of $2.51 billion. Lam Research had a net margin of 21.81% and a return on equity of 47.79%. The business's revenue was up 2.7% on a year-over-year basis. During the same quarter last year, the firm earned $3.70 earnings per share. View Lam Research's earnings history.

Lam Research announced a quarterly dividend on Monday, May 18th. Shareholders of record on Wednesday, June 17th will be paid a dividend of $1.15 per share on Wednesday, July 8th. This represents a $4.60 dividend on an annualized basis and a dividend yield of 1.60%. The ex-dividend date is Tuesday, June 16th. View Lam Research's dividend history.

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

26 brokerages have issued 1-year target prices for Lam Research's stock. Their forecasts range from $231.00 to $370.00. On average, they anticipate Lam Research's stock price to reach $306.20 in the next twelve months. This suggests a possible upside of 6.7% from the stock's current price. View analysts' price targets for Lam Research.

Media coverage about LRCX stock has trended very negative recently, according to InfoTrie. The research firm identifies positive and negative press coverage by analyzing more than six thousand blog and news 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 news impact score of -3.0 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 press coverage is extremely unlikely to have an effect on the company's share price in the immediate future. View the latest news aboutLam Research.

Lam Research saw a increase in short interest in the month of May. As of May 15th, there was short interest totaling 4,230,000 shares, an increase of 7.9% from the April 30th total of 3,920,000 shares. Based on an average trading volume of 2,480,000 shares, the days-to-cover ratio is presently 1.7 days. Approximately 2.9% of the company's 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), Advanced Energy Industries (AEIS), Amkor Technology (AMKR), FormFactor (FORM), Nanometrics (ONTO), Ultra Clean (UCTT), Axcelis Technologies (ACLS), Photronics (PLAB) and Xperi (XPER). View all competitors.

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), Intel (INTC), Broadcom (AVGO), Adobe (ADBE), Boeing (BA) and salesforce.com (CRM).

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

Lam Research's stock is owned by a number of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (8.72%), State Street Corp (4.39%), Janus Henderson Group PLC (3.04%), Geode Capital Management LLC (1.77%), Nuveen Asset Management LLC (1.46%) and Bank of New York Mellon Corp (1.08%). Company insiders that own Lam Research stock include Abhijit Y Talwalkar, Christine Heckart, 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 institutional ownership trends for Lam Research.

LRCX stock was sold by a variety of institutional investors in the last quarter, including AQR Capital Management LLC, Two Sigma Advisers LP, Capital Research Global Investors, Parnassus Investments CA, Bank of New York Mellon Corp, Janus Henderson Group PLC, APG Asset Management N.V., and APG Asset Management N.V.. 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 Fisher Asset Management LLC, Nuveen Asset Management LLC, Sumitomo Mitsui Trust Holdings Inc., Sound Shore Management Inc. CT, PNC Financial Services Group Inc., BlackRock Inc., Fred Alger Management LLC, and Clearbridge Investments 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 $286.89.

Lam Research has a market capitalization of $41.65 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.

The official website for Lam Research is 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]