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) issued its quarterly earnings results on Wednesday, January, 29th. The semiconductor company reported $4.01 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $3.85 by $0.16. The semiconductor company had revenue of $2.58 billion for the quarter, compared to the consensus estimate of $2.51 billion. Lam Research had a net margin of 21.67% and a return on equity of 45.72%. The business's revenue for the quarter was up 19.3% compared to the same quarter last year. During the same period in the previous year, the company earned $3.87 EPS. View Lam Research's earnings history.

Lam Research announced a quarterly dividend on Friday, February 21st. Shareholders of record on Wednesday, March 25th will be given 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 has approved a share repurchase program on Wednesday, January 23rd 2019, which allows the company to buyback $5,000,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to buy up to 23% of its shares through open market purchases. Shares buyback programs are typically an indication that the company's leadership believes its stock is undervalued.

Lam Research updated 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 brokers have issued 12-month price objectives for Lam Research's stock. 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 twelve months. This suggests a possible upside of 20.2% from the stock's current price. View analysts' price targets for Lam Research.

News headlines about LRCX stock have been trending very negative on Tuesday, according to InfoTrie. InfoTrie identifies positive and negative press coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Lam Research earned a media sentiment score of -3.7 on InfoTrie's scale. They also assigned news stories about the semiconductor company a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an effect on the company's share price in the immediate future. View the latest news aboutLam Research.

Lam Research saw a increase in short interest during 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 volume of 2,265,000 shares, the short-interest ratio is currently 1.7 days. Currently, 2.7% of the shares of the company 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."

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]