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 (WHO). Since then, LRCX stock has decreased by 12.8% and is now trading at $241.22. 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) issued its quarterly earnings data on Wednesday, January, 29th. The semiconductor company reported $4.01 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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%. Lam Research's quarterly revenue was up 19.3% on a year-over-year basis. During the same quarter last year, the firm posted $3.87 earnings per share. View Lam Research's earnings history.

Lam Research announced a quarterly dividend on Friday, February 21st. Shareholders 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 annualized dividend and a dividend yield of 1.91%. The ex-dividend date of this dividend is Tuesday, March 24th. View Lam Research's dividend history.

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

Lam Research updated its third quarter earnings guidance on Wednesday, January, 29th. The company provided 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 Wall Street analysts have issued 12 month price objectives 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 twelve months. This suggests a possible upside of 27.2% from the stock's current price. View analysts' price targets for Lam Research.

Press coverage about LRCX stock has been trending negative this week, InfoTrie reports. InfoTrie rates the sentiment of press coverage by monitoring 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 positive five, with scores closest to five being the most favorable. Lam Research earned a news impact score of -2.1 on InfoTrie's scale. They also assigned news articles about the semiconductor company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact 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 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 presently 1.7 days. Approximately 2.7% of the company's 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), Advanced Energy Industries (AEIS), Amkor Technology (AMKR), FormFactor (FORM), Nanometrics (ONTO), Xperi (XPER), Photronics (PLAB), Ultra Clean (UCTT) and Axcelis Technologies (ACLS).

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 a variety of institutional and retail investors. Top institutional investors include FMR LLC (5.79%), State Street Corp (4.44%), Janus Henderson Group PLC (3.24%), Geode Capital Management LLC (1.72%), Bank of New York Mellon Corp (1.32%) and AQR Capital Management LLC (1.27%). 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 Nuveen Asset Management LLC, LSV Asset Management, Janus Henderson Group PLC, Bank of New York Mellon Corp, Marshall Wace North America L.P., Fred Alger Management LLC, UBS Asset Management Americas Inc., and Lord Abbett & CO. LLC. 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 Norges Bank, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main, Prudential Financial Inc., Los Angeles Capital Management & Equity Research Inc., Boston Partners, Wedge Capital Management L L P NC, Panagora Asset Management Inc., and Geode Capital Management 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 $241.22.

Lam Research has a market capitalization of $35.11 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]