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 shares have decreased by 7.7% and is now trading at $255.30. 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) posted its earnings results on Wednesday, January, 29th. The semiconductor company reported $4.01 EPS for the quarter, beating the consensus estimate of $3.85 by $0.16. The semiconductor company earned $2.58 billion during the quarter, compared to analysts' expectations of $2.51 billion. Lam Research had a return on equity of 45.72% and a net margin of 21.67%. The firm's revenue was up 19.3% on a year-over-year basis. During the same period in the previous year, the business posted $3.87 EPS. View Lam Research's earnings history.

Lam Research declared a quarterly dividend on Friday, February 21st. Investors 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 dividend on an annualized basis and a dividend yield of 1.80%. The ex-dividend date of this dividend is Tuesday, March 24th. View Lam Research's dividend history.

Lam Research announced that its Board of Directors has approved a stock buyback plan on Wednesday, January 23rd 2019, which permits the company to repurchase $5,000,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to buy up to 23% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's board of directors believes its shares are undervalued.

Lam Research issued an update on its third quarter earnings guidance on Wednesday, January, 29th. The company provided earnings per share 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 1-year price targets for Lam Research's shares. Their forecasts range from $210.00 to $400.00. On average, they expect Lam Research's stock price to reach $306.95 in the next year. This suggests a possible upside of 20.2% from the stock's current price. View analysts' price targets for Lam Research.

News stories about LRCX stock have been trending negative on Monday, according to InfoTrie. The research group identifies negative and positive news coverage by reviewing 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 five, with scores closest to five being the most favorable. Lam Research earned a news sentiment score of -2.8 on InfoTrie's scale. They also gave headlines about the semiconductor company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the stock's share price in the next several days. 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. Currently, 2.7% of the company's shares are sold short. 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), Photronics (PLAB), Xperi (XPER), 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 many different institutional and retail investors. Top institutional shareholders 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 bought 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 $255.30.

Lam Research has a market capitalization of $37.16 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]