NASDAQ:LRCXLam Research Stock Price, Forecast & News

Lam Research's stock was trading at $276.63 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, LRCX shares have increased by 18.5% and is now trading at $327.89. View which stocks have been most impacted by Coronavirus.

26 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Lam Research in the last year. There are currently 6 hold ratings and 20 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, July 29th 2020. View our earnings forecast for Lam Research.

Lam Research Co. (NASDAQ:LRCX) released its earnings results on Wednesday, April, 22nd. The semiconductor company reported $3.98 EPS for the quarter, meeting the consensus estimate of $3.98. The semiconductor company had revenue of $2.51 billion for the quarter, compared to analyst estimates of $2.51 billion. Lam Research had a net margin of 21.81% and a return on equity of 47.79%. The business's quarterly revenue was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.70 EPS. View Lam Research's earnings history.

Lam Research declared a quarterly dividend on Monday, May 18th. Stockholders of record on Wednesday, June 17th will be given a dividend of $1.15 per share on Wednesday, July 8th. This represents a $4.60 dividend on an annualized basis and a yield of 1.40%. The ex-dividend date is Tuesday, June 16th. View Lam Research's dividend history.

Lam Research declared that its Board of Directors has initiated a share repurchase program on Wednesday, January 23rd 2019, which authorizes the company to buyback $5,000,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to buy up to 23% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's management believes its shares are undervalued.

26 analysts have issued 12 month price objectives for Lam Research's shares. Their forecasts range from $231.00 to $400.00. On average, they anticipate Lam Research's share price to reach $314.27 in the next year. This suggests that the stock has a possible downside of 4.2%. View analysts' price targets for Lam Research.

News coverage about LRCX stock has been trending negative recently, InfoTrie Sentiment reports. InfoTrie identifies negative and positive news coverage by monitoring 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 coverage optimism score of -2.1 on InfoTrie's scale. They also assigned news articles about the semiconductor company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the stock's share price in the next few days. View the latest news about Lam Research.

Lam Research saw a drop in short interest in June. As of June 30th, there was short interest totaling 4,380,000 shares, a drop of 6.8% from the June 15th total of 4,700,000 shares. Based on an average trading volume of 2,300,000 shares, the days-to-cover ratio is presently 1.9 days. Approximately 3.0% of the shares of the stock are short sold. 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), Amkor Technology (AMKR), Advanced Energy Industries (AEIS), FormFactor (FORM), Nanometrics (ONTO), Axcelis Technologies (ACLS), Ultra Clean (UCTT), Xperi (XPER) and Photronics (PLAB). View all competitors.

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), Broadcom (AVGO), Adobe (ADBE), Boeing (BA) and salesforce.com (CRM).

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

Lam Research's stock is owned by a number of institutional and retail investors. Top institutional investors include State of Alaska Department of Revenue (0.03%), Farmers Trust Co. (0.01%), Groesbeck Investment Management Corp NJ (0.00%), Private Trust Co. NA (0.00%), E&G Advisors LP (0.00%) and American National Bank (0.00%). Company insiders that own Lam Research stock include Abhijit Y Talwalkar, Christine Heckart, 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 institutional ownership trends for Lam Research.

LRCX stock was sold by a variety of institutional investors in the last quarter, including State of Alaska Department of Revenue, Diversified Trust Co, Nelson Van Denburg & Campbell Wealth Management Group LLC, and E&G Advisors LP. 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 acquired by a variety of institutional investors in the last quarter, including Farmers Trust Co., Private Trust Co. NA, Legacy Capital Partners Inc., Groesbeck Investment Management Corp NJ, Fulton Bank N. A., and American National Bank. 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 $327.89.

Lam Research has a market capitalization of $47.60 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.

The official website for Lam Research is 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]