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

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$147.18 +1.91 (+1.31 %)
(As of 10/17/2018 04:00 PM ET)
Previous Close$145.27
Today's Range$146.20 - $153.96
52-Week Range$135.99 - $234.88
Volume8.78 million shs
Average Volume3.39 million shs
Market Capitalization$23.10 billion
P/E Ratio8.24
Dividend Yield3.09%
Beta1.33
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

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 Ratio0.27
Current Ratio2.90
Quick Ratio2.31

Price-To-Earnings

Trailing P/E Ratio8.24
Forward P/E Ratio9.49
P/E Growth0.59

Sales & Book Value

Annual Sales$11.08 billion
Price / Sales2.02
Cash Flow$20.9360 per share
Price / Cash7.03
Book Value$40.11 per share
Price / Book3.67

Profitability

EPS (Most Recent Fiscal Year)$17.87
Net Income$2.38 billion
Net Margins21.49%
Return on Equity47.14%
Return on Assets24.87%

Miscellaneous

Employees10,900
Outstanding Shares152,290,000
Market Cap$23.10 billion

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, August 30th. Stockholders of record on Wednesday, September 12th will be given a dividend of $1.10 per share on Wednesday, September 26th. This represents a $4.40 annualized dividend and a dividend yield of 2.99%. The ex-dividend date of this dividend is Tuesday, September 11th. View Lam Research's Dividend History.

How will Lam Research's stock buyback program work?

Lam Research announced that its board has approved a stock repurchase plan on Wednesday, March 7th 2018, which authorizes the company to buyback $2,000,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Shares buyback plans are typically an indication that the company's board believes its stock is undervalued.

How were Lam Research's earnings last quarter?

Lam Research Co. (NASDAQ:LRCX) announced its earnings results on Tuesday, October, 16th. The semiconductor company reported $3.36 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $3.22 by $0.14. The semiconductor company earned $2.33 billion during the quarter, compared to analyst estimates of $2.31 billion. Lam Research had a return on equity of 47.14% and a net margin of 21.49%. The firm's quarterly revenue was down 6.0% on a year-over-year basis. During the same period in the previous year, the business posted $3.46 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 Wednesday, January 23rd 2019. View Earnings Estimates for Lam Research.

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

Lam Research updated its second quarter earnings guidance on Tuesday, October, 16th. The company provided earnings per share guidance of $3.45-3.85 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.45. The company issued revenue guidance of $2.35-2.650 billion, compared to the consensus revenue estimate of $2.35 billion.Lam Research also updated its Q2 2019 guidance to $3.45-3.85 EPS.

What price target have analysts set for LRCX?

24 brokerages have issued 1 year target prices for Lam Research's shares. Their forecasts range from $165.00 to $300.00. On average, they expect Lam Research's stock price to reach $230.2943 in the next twelve months. This suggests a possible upside of 56.5% from the stock's current price. View Analyst Price Targets for Lam Research.

What is the consensus analysts' recommendation for Lam Research?

24 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Lam Research in the last year. There are currently 6 hold ratings and 18 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. 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)
  • 2. According to Zacks Investment Research, "Lam Research is currently suffering from oversupply and overcapacity of memory chips which is impacting the equipment spending across the world. Further, rising competition in the semiconductor capital equipment market especially from Applied Materials remains a headwind for the company’s market position. Notably, shares of Lam Research have underperformed the industry it belongs to on a year-to-date basis. Nevertheless, the company remains optimistic on improving demand in its equipment and memory segments. Further, its strength in logic & foundry segments along with increased adoption rates of 3D NAND technology bodes well for its top-line growth. However, foreign currency fluctuation risks and cyclicality in the semiconductor industry are major concerns." (10/16/2018)
  • 3. 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)

Are investors shorting Lam Research?

Lam Research saw a decrease in short interest in September. As of September 14th, there was short interest totalling 14,442,277 shares, a decrease of 10.3% from the August 31st total of 16,097,777 shares. Based on an average daily trading volume, of 3,423,502 shares, the short-interest ratio is currently 4.2 days. Currently, 9.2% of the company's stock are short sold. View Lam Research's Current Options Chain.

Who are some of Lam Research's key competitors?

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)

Who are Lam Research's major shareholders?

Lam Research's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Swedbank (1.28%), Sumitomo Mitsui Asset Management Company LTD (0.27%), Bank of Montreal Can (0.21%), State of New Jersey Common Pension Fund D (0.15%), Advisors Capital Management LLC (0.06%) and Foundry Partners LLC (0.06%). 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 major investors are selling Lam Research stock?

LRCX stock was sold by a variety of institutional investors in the last quarter, including Sumitomo Mitsui Asset Management Company LTD, Bank of Montreal Can, KAMES CAPITAL plc, Iberiabank Corp, State of New Jersey Common Pension Fund D, BB&T Corp, Vigilant Capital Management LLC and Nisa Investment Advisors LLC. 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 major investors are buying Lam Research stock?

LRCX stock was purchased by a variety of institutional investors in the last quarter, including Swedbank, RWC Asset Management LLP, Foundry Partners LLC, Advisors Capital Management LLC, Kiley Juergens Wealth Management LLC, DNB Asset Management AS, Lourd Capital LLC and First Hawaiian Bank. 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 $147.18.

How big of a company is Lam Research?

Lam Research has a market capitalization of $23.10 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:  1,068 (Vote Outperform)
Underperform Votes:  456 (Vote Underperform)
Total Votes:  1,524
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 10/17/2018 by MarketBeat.com Staff

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