Lam Research - LRCX Stock Forecast, Price & News

18 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Lam Research in the last year. There are currently 6 hold ratings and 12 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" LRCX shares.
View LRCX analyst ratings or view top-rated stocks.

18 equities research analysts have issued 12-month price objectives for Lam Research's shares. Their LRCX share price forecasts range from $375.00 to $620.00. On average, they predict the company's share price to reach $492.10 in the next year. This suggests that the stock has a possible downside of 7.0%.
View analysts price targets for LRCX or view top-rated stocks among Wall Street analysts.

Lam Research's stock was trading at $420.30 at the beginning of 2023. Since then, LRCX stock has increased by 25.9% and is now trading at $529.25.
View the best growth stocks for 2023 here.

Lam Research saw a increase in short interest in January. As of January 15th, there was short interest totaling 2,540,000 shares, an increase of 10.0% from the December 31st total of 2,310,000 shares. Based on an average daily trading volume, of 1,540,000 shares, the days-to-cover ratio is currently 1.6 days. Currently, 1.9% of the shares of the stock are sold short.
View Lam Research's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 19th 2023.
View our LRCX earnings forecast.

Lam Research Co. (NASDAQ:LRCX) announced its earnings results on Wednesday, January, 25th. The semiconductor company reported $10.71 EPS for the quarter, beating analysts' consensus estimates of $9.95 by $0.76. The semiconductor company had revenue of $5.28 billion for the quarter, compared to analysts' expectations of $5.08 billion. Lam Research had a net margin of 26.91% and a trailing twelve-month return on equity of 73.48%. Lam Research's revenue was up 24.9% on a year-over-year basis. During the same quarter last year, the business earned $8.53 EPS.
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Lam Research declared a quarterly dividend on Thursday, November 10th. Stockholders of record on Wednesday, December 14th will be paid a dividend of $1.725 per share on Wednesday, January 4th. This represents a $6.90 annualized dividend and a dividend yield of 1.30%. The ex-dividend date of this dividend is Tuesday, December 13th.
Read our dividend analysis for LRCX.

Lam Research (NASDAQ:LRCX) pays an annual dividend of $6.90 per share and currently has a dividend yield of 1.28%. The company has been increasing its dividend for 8 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio is 18.55%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, LRCX will have a dividend payout ratio of 26.91% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for LRCX.

Lam Research issued an update on its third quarter 2023 earnings guidance on Wednesday, January, 25th. The company provided earnings per share (EPS) guidance of $5.75-$7.25 for the period, compared to the consensus estimate of $7.88. The company issued revenue guidance of $3.50 billion-$4.10 billion, compared to the consensus revenue estimate of $4.38 billion.

152 employees have rated Lam Research Chief Executive Officer Tim Archer on Glassdoor.com. Tim Archer has an approval rating of 94% among the company's employees. This puts Tim Archer in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

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), Intel (INTC), Advanced Micro Devices (AMD), Broadcom (AVGO), Salesforce (CRM) and PayPal (PYPL).

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

Lam Research's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Fisher Asset Management LLC (1.96%), Sumitomo Mitsui Trust Holdings Inc. (0.34%), New York State Common Retirement Fund (0.18%), Bank of Montreal Can (0.15%), Parnassus Investments LLC (0.14%) and New York State Teachers Retirement System (0.11%). Insiders that own company stock include Abhijit Y Talwalkar, Catherine P Lego, Douglas R Bettinger, Douglas R Bettinger, Jaynie M Studenmund, Kevin Jennings, Leslie F Varon, Mansy Youssef A El, Patrick J Lord, Richard A Gottscho, Richard A Gottscho, Scott Gerald Meikle, Seshasayee Varadarajan, Sohail U Ahmed, Timothy Archer, Timothy Archer and Vahid Vahedi.
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Shares of LRCX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of LRCX stock can currently be purchased for approximately $529.25.

Lam Research (NASDAQ:LRCX) has a market capitalization of $71.42 billion and generates $17.23 billion in revenue each year. The semiconductor company earns $4.61 billion in net income (profit) each year or $37.20 on an earnings per share basis.

The company employs 17,700 workers across the globe.

Lam Research's mailing address is 4650 Cushing Parkway, Fremont CA, 94538. The official website for the company is www.lamresearch.com. The semiconductor company can be reached via phone at (510) 572-0200, via email at investor.relations@lamresearch.com, or via fax at 510-572-6454.