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
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 Ratio17.45
Forward P/E Ratio9.94
P/E Growth0.58
Sales & Book Value
Annual Sales$8.01 billion
Price / Sales3.57
Cash Flow$12.8751 per share
Price / Cash13.53
Book Value$43.21 per share
Price / Book4.03
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
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, 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 2.53%. The ex-dividend date of this dividend is Tuesday, June 5th. This is an increase 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 initiated a stock repurchase program on Wednesday, March 7th 2018, which permits the company to buyback $2,000,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company's management believes its shares are undervalued.
How were Lam Research's earnings last quarter?
Lam Research Co. (NASDAQ:LRCX) announced its earnings results on Tuesday, April, 17th. The semiconductor company reported $4.79 earnings per share for the quarter, beating the Thomson Reuters' 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 net margin of 18.32% and a return on equity of 41.13%. The firm's quarterly revenue was up 34.3% compared to the same quarter last year. During the same period last year, the firm earned $3.10 earnings per share. 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 analysts have issued 12-month price objectives for Lam Research's stock. Their forecasts range from $200.00 to $300.00. On average, they anticipate Lam Research's stock price to reach $255.8462 in the next twelve months. 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. 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)
- 2. According to Zacks Investment Research, "Lam Research’s top-line continues to benefit from strong shipments. Nevertheless, 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. Notably, the company’s shares have outperformed the industry it belongs over a year. However, the persistent decline in the PC market, which is still the primary consumer of DRAMs and intensifying competition are major concerns." (5/22/2018)
Are investors shorting Lam Research?
Lam Research saw a increase in short interest during 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 trading volume, of 2,493,914 shares, the short-interest ratio is presently 5.6 days. Approximately 8.6% of the company's stock are sold short.
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), Brooks Automation (BRKS), Bodycote (BYPLF), Milacron (MCRN), Veeco Instruments (VECO), Axcelis Technologies (ACLS), Energy Recovery (ERII), Manitex International (MNTX), ACM Research (ACMR), Amtech Systems (ASYS) and Intevac (IVAC).
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?
Press coverage about LRCX stock has been trending somewhat positive on Tuesday, Accern Sentiment Analysis reports. The research firm rates the sentiment of media coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Lam Research earned a media sentiment score of 0.18 on Accern's scale. They also assigned headlines about the semiconductor company an impact score of 45.35 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock's share price in the immediate future.
Who are Lam Research's major shareholders?
Lam Research's stock is owned by a variety 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.
Which major investors are selling Lam Research stock?
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.
Which major investors are buying Lam Research stock?
LRCX stock was acquired 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.
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 $174.20.
How big of a company is Lam Research?
Lam Research has a market capitalization of $29.27 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 (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.
