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

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$180.05 +0.96 (+0.54 %)
(As of 03/26/2019 04:00 PM ET)
Previous Close$179.09
Today's Range$179.00 - $182.69
52-Week Range$122.64 - $219.46
Volume1.65 million shs
Average Volume2.69 million shs
Market Capitalization$27.47 billion
P/E Ratio10.07
Dividend Yield2.46%
Beta1.52
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. It also provides Flex for dielectric etch applications; Kiyo for conductor etch applications; Syndion for through-silicon via etch applications; and Versys metal products for metal etch processes. In addition, the company offers Coronus bevel clean products to enhance die yield; and Da Vinci, DV-Prime, EOS, SP to address a range of wafer cleaning. Further, it provides Metryx mass metrology systems for high aspect ratio etch, conformal and ALD/sidewall deposition, horizontal processing, film density monitoring, carbon mask open, and wafer cleaning/polymer removal applications; and legacy products. Lam Research Corporation was founded in 1980 and is headquartered in Fremont, California.

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Industry, Sector and Symbol

Industry Special industry machinery, not elsewhere classified
Sub-IndustrySemiconductor Equipment
SectorComputer and Technology
Current SymbolNASDAQ:LRCX
CUSIP51280710
Phone510-572-0200

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$11.08 billion
Cash Flow$21.6406 per share
Book Value$40.11 per share

Profitability

Net Income$2.38 billion

Miscellaneous

Employees10,900
Market Cap$27.47 billion
Next Earnings Date4/16/2019 (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, February 14th. Shareholders of record on Wednesday, March 20th will be given a dividend of $1.10 per share on Wednesday, April 10th. This represents a $4.40 dividend on an annualized basis and a yield of 2.44%. The ex-dividend date of this dividend is Tuesday, March 19th. View Lam Research's Dividend History.

How will Lam Research's stock buyback program work?

Lam Research declared that its board has approved a stock repurchase program on Wednesday, January 23rd 2019, which authorizes the company to buyback $5,000,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to purchase up to 23% of its shares through open market purchases. Shares buyback programs are typically an indication that the company's leadership believes its shares are undervalued.

How were Lam Research's earnings last quarter?

Lam Research Co. (NASDAQ:LRCX) announced its quarterly earnings data on Wednesday, January, 23rd. The semiconductor company reported $3.87 EPS for the quarter, topping the consensus estimate of $3.67 by $0.20. The semiconductor company had revenue of $2.52 billion for the quarter, compared to analyst estimates of $2.50 billion. Lam Research had a return on equity of 48.08% and a net margin of 26.69%. Lam Research's revenue for the quarter was down 2.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $4.34 earnings per share. View Lam Research's Earnings History.

When is Lam Research's next earnings date?

Lam Research is scheduled to release their next quarterly earnings announcement on Tuesday, April 16th 2019. View Earnings Estimates for Lam Research.

What guidance has Lam Research issued on next quarter's earnings?

Lam Research issued an update on its third quarter earnings guidance on Wednesday, January, 23rd. The company provided EPS guidance of $3.20-3.60 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.38. The company issued revenue guidance of $2.25-2.55 billion, compared to the consensus revenue estimate of $2.45 billion.Lam Research also updated its Q3 2019 guidance to $3.20-3.60 EPS.

What price target have analysts set for LRCX?

19 Wall Street analysts have issued 12 month price objectives for Lam Research's stock. Their forecasts range from $165.00 to $285.00. On average, they anticipate Lam Research's share price to reach $212.7247 in the next year. This suggests a possible upside of 18.1% from the stock's current price. View Analyst Price Targets for Lam Research.

What is the consensus analysts' recommendation for Lam Research?

19 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Lam Research in the last year. There are currently 8 hold ratings and 11 buy ratings for the stock, resulting in a consensus recommendation of "Buy." 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 delivered strong fiscal second-quarter results on the back of robust equipment demand, strength in device architecture, process flow and advanced packaging technology inflections. Also, continued momentum across its logic segment remains positive. Further, the company remains optimistic about its strong position in China. However, management expects memory segments to weaken during this year as customers continue to reign in both NAND and DRAM spending. Notably, shares of the company have underperformed the industry it belongs to over a 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 for the company." (1/28/2019)
  • 2. 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)
  • 3. Mizuho analysts commented, "We believe N-T soft DRAM pricing and NAND pricing soft into 2H19 could be a Capex headwind. As we show in Exhbit-1, we see DRAM/NAND Capex pushouts. For LRCX, memory capex was ~77% of revenue. China overall strong but domestic spending could be weaker. LRCX noted China was strong at ~25% of total revenue with relatively balanced contributions from Memory, Foundry and Logic. China is expected to be up y/ y into 2019E, though we believe domestic China memory spend could be down y/y with YMTC’s challenges." (10/17/2018)
  • 4. Bank of America Corp analysts commented, "Clearly the 4Q miss as reported on the morning of June 7th (diluted lower cost benefits; increased margin pressures in pet) and FY19 commentary (reinvestment, minimal underlying EPS growth) were both disappointing. We have lowered our FY19 EPS estimate by $1.27 to $8.65, and to $9.15. Our estimates do not reflect the potential divestiture of the US baking unit (potential dilution of ~25c). But we continue to think the stock’s valuation (12x our CY19 EPS estimate including amortization; FY19 FCF yield of 7.2%) represents attractive value given the mix of brands and categories, even in the context of the depressed CPG space. But catalysts may now be more spread out: share gains in coffee (driven by K-cups, and the new brand 1850 across all platforms), improving sales performance for the pet unit (innovation in treats, expansion of the APN platform), and a more focused consumer foods unit." (6/11/2018)

Has Lam Research been receiving favorable news coverage?

News coverage about LRCX stock has been trending somewhat negative on Tuesday, InfoTrie Sentiment 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 publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Lam Research earned a daily sentiment score of -1.4 on InfoTrie's scale. They also gave media headlines about the semiconductor company a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an effect on the stock's share price in the next several days.

Who are some of Lam Research's key competitors?

What other stocks do shareholders of Lam Research own?

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

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 a number of of institutional and retail investors. Top institutional shareholders include Oregon Public Employees Retirement Fund (10.33%), BlackRock Inc. (7.49%), FMR LLC (4.36%), LSV Asset Management (2.00%), American International Group Inc. (1.87%) and Bank of New York Mellon Corp (1.77%). Company insiders that own Lam Research stock include 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 Swedbank, Sumitomo Mitsui Asset Management Company LTD, American Century Companies Inc., TD Asset Management Inc., KBC Group NV, Amundi Pioneer Asset Management Inc., Van ECK Associates Corp and Bank of Montreal Can. Company insiders that have sold Lam Research company stock in the last year include Christine Heckart, Kevin Jennings, Martin B Anstice, Patrick J Lord and Timothy Archer. View Insider Buying and Selling for Lam Research.

Which major investors are buying Lam Research stock?

LRCX stock was acquired by a variety of institutional investors in the last quarter, including Oregon Public Employees Retirement Fund, FMR LLC, American International Group Inc., Norges Bank, Parnassus Investments CA, Bank of New York Mellon Corp, Geode Capital Management LLC and Massachusetts Financial Services Co. MA. 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 $180.05.

How big of a company is Lam Research?

Lam Research has a market capitalization of $27.47 billion and generates $11.08 billion in revenue each year. The semiconductor company earns $2.38 billion in net income (profit) each year or $17.87 on an earnings per share basis. Lam Research employs 10,900 workers across the globe.

What is Lam Research's official website?

The official website for Lam Research is http://www.lamresearch.com.

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)

Community Ranking:  3.5 out of 5 (star star star half star)
Outperform Votes:  1,120 (Vote Outperform)
Underperform Votes:  490 (Vote Underperform)
Total Votes:  1,610
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.
This page was last updated on 3/26/2019 by MarketBeat.com Staff

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