NASDAQ:LRCX - Lam Research Stock Price, Price Target & More

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$176.05 +1.51 (+0.87 %)
(As of 06/22/2018 09:04 AM ET)
Previous Close$174.54
Today's Range$175.3947 - $179.25
52-Week Range$139.24 - $234.88
Volume3.28 million shs
Average Volume3.82 million shs
Market Capitalization$28.63 billion
P/E Ratio17.64
Dividend Yield2.52%
Beta1.43
Lam Research logoLam 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.

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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 Ratio17.64
Forward P/E Ratio10.06
P/E Growth0.57

Sales & Book Value

Annual Sales$8.01 billion
Price / Sales3.60
Cash Flow$13.3069 per share
Price / Cash13.23
Book Value$43.21 per share
Price / Book4.07

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 announced a quarterly dividend on Thursday, May 17th. Investors of record on Wednesday, June 6th will be given a dividend of $1.10 per share on Wednesday, June 27th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 2.50%. The ex-dividend date of this dividend is Tuesday, June 5th. This is a positive change 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 announced that its board has approved a share buyback plan on Wednesday, March 7th 2018, which authorizes the company to repurchase $2,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's board believes its shares are undervalued.

How were Lam Research's earnings last quarter?

Lam Research Co. (NASDAQ:LRCX) released its quarterly earnings results on Tuesday, April, 17th. The semiconductor company reported $4.79 earnings per share for the quarter, beating the Zacks' consensus estimate of $4.38 by $0.41. The semiconductor company had revenue of $2.89 billion for the quarter, compared to analyst estimates of $2.85 billion. Lam Research had a return on equity of 41.13% and a net margin of 18.32%. The company's quarterly revenue was up 34.3% on a year-over-year basis. During the same period last year, the company earned $3.10 EPS. View Lam Research's Earnings History.

When is Lam Research's next earnings date?

Lam Research is scheduled to release their next quarterly earnings announcement on Wednesday, July, 25th 2018. View Earnings Estimates for Lam Research.

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 guidance of $4.80-$5.20 for the period, compared to the Thomson Reuters consensus EPS 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 brokers have issued 12 month target prices for Lam Research's shares. Their predictions range from $200.00 to $300.00. On average, they expect Lam Research's stock price to reach $255.8462 in the next year. 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. According to Zacks Investment Research, "Lam Research’s top-line results continue to be impacted by weak PC demand. Also, oversupply and overcapacity of memory chips could impact Lam Research’s growth and sales figures as yields and output seem to be improving. 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." (6/19/2018)
  • 2. 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)

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. Currently, 8.6% of the shares of the company are short sold. View Lam Research's Current Options Chain.

Who are some of Lam Research's key competitors?

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?

Media stories about LRCX stock have been trending somewhat positive recently, Accern reports. The research group identifies positive and negative news coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Lam Research earned a daily sentiment score of 0.07 on Accern's scale. They also gave news stories about the semiconductor company an impact score of 46.18 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock's share price in the next few days.

Who are Lam Research's major shareholders?

Lam Research's stock is owned by a number of of retail and institutional investors. Top institutional investors 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 institutional 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 institutional 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 $176.05.

How big of a company is Lam Research?

Lam Research has a market capitalization of $28.63 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)

Community Ranking:  3.6 out of 5 (star star star)
Outperform Votes:  970 (Vote Outperform)
Underperform Votes:  371 (Vote Underperform)
Total Votes:  1,341
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.
This page was last updated on 6/22/2018 by MarketBeat.com Staff

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