NASDAQ:LRCX - Lam Research Stock Price, Price Target & More

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

Lam Research announced a quarterly dividend on Thursday, May 17th. Shareholders of record on Wednesday, June 6th will be paid a dividend of $1.10 per share on Wednesday, June 27th. This represents a $4.40 annualized dividend and a yield of 2.18%. The ex-dividend date is Tuesday, June 5th. This is an increase from Lam Research's previous quarterly dividend of $0.50. View Lam Research's Dividend History.

Lam Research announced that its board has initiated 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 reacquire shares of its stock through open market purchases. Shares buyback plans are often a sign that the company's board believes its shares are undervalued.

Lam Research (NASDAQ:LRCX) announced its earnings results on Tuesday, April, 17th. The semiconductor company reported $4.79 EPS for the quarter, topping the consensus estimate of $4.38 by $0.41. The semiconductor company earned $2.89 billion during the quarter, compared to analysts' expectations of $2.85 billion. Lam Research had a return on equity of 41.13% and a net margin of 18.32%. The business's quarterly revenue was up 34.3% on a year-over-year basis. During the same period last year, the firm earned $3.10 earnings per share. View Lam Research's Earnings History.

Lam Research is scheduled to release their next quarterly earnings announcement on Wednesday, July, 25th 2018. View Earnings Estimates for Lam Research.

Lam Research issued an update on 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 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.

22 Wall Street analysts have issued 1-year target prices for Lam Research's stock. Their predictions range from $200.00 to $305.00. On average, they expect Lam Research's stock price to reach $258.4652 in the next year. View Analyst Ratings for Lam Research.

Lam Research saw a increase in short interest in the month of May. As of May 15th, there was short interest totalling 14,024,314 shares, an increase of 17.3% from the April 30th total of 11,953,882 shares. Based on an average daily volume of 2,493,914 shares, the short-interest ratio is presently 5.6 days. Approximately 8.6% of the shares of the stock are sold short.

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), Amtech Systems (ASYS) and Intevac (IVAC).

News articles about LRCX stock have been trending somewhat positive recently, according to Accern. The research firm ranks the sentiment of press coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Lam Research earned a coverage optimism score of 0.12 on Accern's scale. They also assigned news headlines about the semiconductor company an impact score of 46.80 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock's share price in the immediate future.

Lam Research's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (6.80%), LSV Asset Management (1.49%), PointState Capital LP (1.13%), Franklin Resources Inc. (0.74%), Dimensional Fund Advisors LP (0.72%) and Millennium Management LLC (0.71%). 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.

LRCX stock was sold by a variety of institutional investors in the last quarter, including Thrivent Financial for Lutherans, Old Mutual Global Investors UK Ltd., American Century Companies Inc., Dimensional Fund Advisors LP, Schroder Investment Management Group, BlackRock Inc., KBC Group NV and Cypress Funds 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.

LRCX stock was purchased by a variety of institutional investors in the last quarter, including PointState Capital LP, Swedbank, Artisan Partners Limited Partnership, Millennium Management LLC, Summit Trail Advisors LLC, Boussard & Gavaudan Investment Management LLP, Point72 Asset Management L.P. and LSV Asset Management. View Insider Buying and Selling 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, Scottrade, Fidelity and Charles Schwab.

One share of LRCX stock can currently be purchased for approximately $202.03.

Lam Research has a market capitalization of $33.53 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.

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]