Lam Research Corporation designs, manufactures, markets, refurbishes, and services semiconductor processing equipment used in the fabrication of integrated circuits worldwide. The company offers thin film deposition products, including SABRE electrochemical deposition products for copper damascene manufacturing; ALTUS systems to deposit conformal atomic layer films for tungsten metallization applications; VECTOR plasma-enhanced chemical vapor deposition (CVD) and atomic layer deposition systems to deposit oxides, nitrides, and carbides for hardmasks, multiple patterning films, anti-reflective layers, multi-layer stack films, and diffusion barriers; and Striker atomic layer deposition systems that deliver conformal dielectric films for spacer-based patterning and liner applications in various advanced memory and logic structures. Its thin film deposition products also comprise SPEED high-density plasma CVD products for applications in shallow trench isolation, pre-metal dielectrics, inter-layer dielectrics, inter-metal dielectrics, and passivation layers; and SOLA ultraviolet thermal processing products for treatment of back-end-of-line (BEOL) low-k dielectric films and front-end-of-line silicon nitride strained films. In addition, the company offers plasma etch products, such as Kiyo that provide solutions for conductor etch applications; Versys metal products, which offer a platform for BEOL metal etch processes; Flex for dielectric etch applications; and Syndion to address various through-silicon via etch and complementary image sensor etch applications. Further, it provides single-wafer clean products comprising EOS, Da Vinci, DV-Prime, and SP series products for wet etch and clean applications in wafer-level packaging; and Coronus plasma-based bevel clean products to enhance die yield by removing particles, residues, and unwanted films from the wafer's edge, as well as legacy products. The company was founded in 1980 and is headquartered in Fremont, California.
Industry, Sector and Symbol
Stock Exchange NASDAQ
Industry Special industry machinery, not elsewhere classified
Sub-IndustrySemiconductor Equipment
SectorComputer and Technology
SymbolNASDAQ:LRCX
CUSIP51280710
Phone510-572-0200
Debt
Debt-to-Equity Ratio0.26
Current Ratio2.64
Quick Ratio2.21
Price-To-Earnings
Trailing P/E Ratio17.25
Forward P/E Ratio9.82
P/E Growth0.58
Sales & Book Value
Annual Sales$8.01 billion
Price / Sales3.52
Cash Flow$13.1842 per share
Price / Cash13.03
Book Value$43.21 per share
Price / Book3.98
Profitability
EPS (Most Recent Fiscal Year)$9.98
Net Income$1.70 billion
Net Margins18.32%
Return on Equity41.13%
Return on Assets22.18%
Miscellaneous
Employees9,400
Outstanding Shares164,040,000
Market Cap$28,181.29
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 announced a quarterly dividend on Thursday, May 17th. Stockholders of record on Wednesday, June 6th will be given a dividend of $1.10 per share on Wednesday, June 27th. This represents a $4.40 annualized dividend and a dividend yield of 2.56%. The ex-dividend date of this dividend is Tuesday, June 5th. This is a positive change from Lam Research's previous quarterly dividend of $0.50. View Lam Research's Dividend History.
How will Lam Research's stock buyback program work?
Lam Research declared that its Board of Directors has authorized a share repurchase plan on Wednesday, March 7th 2018, which authorizes the company to repurchase $2,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company's board of directors believes its stock is undervalued.
How were Lam Research's earnings last quarter?
Lam Research Co. (NASDAQ:LRCX) posted its quarterly earnings data on Tuesday, April, 17th. The semiconductor company reported $4.79 EPS for the quarter, topping analysts' consensus estimates of $4.38 by $0.41. The semiconductor company had revenue of $2.89 billion for the quarter, compared to the consensus estimate of $2.85 billion. Lam Research had a return on equity of 41.13% and a net margin of 18.32%. The firm's revenue was up 34.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.10 EPS. View Lam Research's Earnings History.
When is Lam Research's next earnings date?
What guidance has Lam Research issued on next quarter's earnings?
Lam Research updated its fourth quarter earnings guidance on Tuesday, April, 17th. The company provided earnings per share (EPS) guidance of $4.80-$5.20 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $4.65. The company issued revenue guidance of $2.95-$3.25 billion, compared to the consensus revenue estimate of $2.94 billion.
What price target have analysts set for LRCX?
22 brokerages have issued twelve-month target prices for Lam Research's stock. Their predictions range from $203.77 to $300.00. On average, they anticipate Lam Research's share price to reach $258.1795 in the next twelve months. This suggests a possible upside of 50.3% from the stock's current price. View Analyst Ratings for Lam Research.
What is the consensus analysts' recommendation for Lam Research?
22 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Lam Research in the last year. There are currently 1 hold rating and 21 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
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’s robust demand for equipment and memory segment, strength in logic & foundry along with increased adoption rates of 3D NAND technology bodes well for Lam Research. Further, the company’s popular etch and deposition technologies are suitable for the ongoing vertical scaling, multi-patterning, advanced packaging and advanced transistor architectures. This will help it rebound going forward. However, the company's top-line results continue to be impacted by weak PC demand. Also, oversupply and overcapacity of memory chips could impact Lam Research’s growth and sales figures as yields and output seem to be improving." (6/25/2018)
- 2. 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)
Who are some of Lam Research's key competitors?
Some companies that are related to Lam Research include ASML (ASML), WARTSILA OYJ/ADR (WRTBY), IHI Corp/ADR (IHICY), SUMITOMO HEAVY/ADR (SOHVY), ASM International (ASMIY), Bodycote (BYPLF), Brooks Automation (BRKS), Milacron (MCRN), Veeco Instruments (VECO), Axcelis Technologies (ACLS), Energy Recovery (ERII), Manitex International (MNTX), ACM Research (ACMR), Intevac (IVAC) and Amtech Systems (ASYS).
Who are Lam Research's key executives?
Lam Research's management team includes the folowing people:
- Mr. Martin B. Anstice, CEO & Director (Age 51)
- Mr. Timothy M. Archer, Pres & COO (Age 51)
- Mr. Douglas R. Bettinger, Exec. VP, CFO & Chief Accounting Officer (Age 51)
- Dr. Richard A. Gottscho, Exec. VP & Corp. CTO (Age 66)
- Ms. Sarah A. O'Dowd Esq., Sr. VP, Chief Legal Officer & Sec. (Age 68)
Has Lam Research been receiving favorable news coverage?
Media headlines about LRCX stock have been trending somewhat positive recently, according to Accern Sentiment. The research group ranks the sentiment of media coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Lam Research earned a media sentiment score of 0.15 on Accern's scale. They also assigned headlines about the semiconductor company an impact score of 46.05 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock's share price in the near term.
Who are Lam Research's major shareholders?
Lam Research's stock is owned by many different of retail and institutional investors. Top institutional shareholders include Swedbank (1.09%), Bank of Montreal Can (0.29%), NN Investment Partners Holdings N.V. (0.13%), KAMES CAPITAL plc (0.12%), Mckinley Capital Management LLC Delaware (0.05%) and Vigilant Capital Management LLC (0.05%). Company insiders that own Lam Research stock include Christine Heckart, Douglas R Bettinger, Mansy Youssef A El, 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 institutional investors are selling Lam Research stock?
LRCX stock was sold by a variety of institutional investors in the last quarter, including Mckinley Capital Management LLC Delaware, Vigilant Capital Management LLC, NN Investment Partners Holdings N.V., Clinton Group Inc., Xact Kapitalforvaltning AB, Empirical Finance LLC, Fjarde AP Fonden Fourth Swedish National Pension Fund and CENTRAL TRUST Co. Company insiders that have sold Lam Research company stock in the last year include 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 Insider Buying and Selling for Lam Research.
Which institutional investors are buying Lam Research stock?
LRCX stock was bought by a variety of institutional investors in the last quarter, including Swedbank, Bank of Montreal Can, Neville Rodie & Shaw Inc., Gateway Investment Advisers LLC, DnB Asset Management AS, V Wealth Management LLC, KAMES CAPITAL plc and Empowered Funds LLC. 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 $171.79.
How big of a company is Lam Research?
Lam Research has a market capitalization of $28.18 billion and generates $8.01 billion in revenue each year. The semiconductor company earns $1.70 billion in net income (profit) each year or $9.98 on an earnings per share basis. Lam Research employs 9,400 workers across the globe.
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)
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.
