NASDAQ:LRCX - Lam Research Stock Price, News, & Analysis

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$147.55 +5.79 (+4.08 %)
(As of 01/18/2019 04:00 PM ET)
Previous Close$141.76
Today's Range$143.10 - $149.88
52-Week Range$122.64 - $234.88
Volume3.78 million shs
Average Volume2.30 million shs
Market Capitalization$21.53 billion
P/E Ratio8.26
Dividend Yield3.17%
Beta1.38
Lam Research Corporation designs, manufactures, markets, refurbishes, and services semiconductor processing equipment used in the fabrication of integrated circuits worldwide. The company offers ALTUS systems to deposit conformal films for tungsten metallization applications; SABRE electrochemical deposition product for copper damascene manufacturing; SOLA ultraviolet thermal processing products for film treatment; SPEED gapfill high-density plasma chemical vapor deposition (CVD) products; Striker single-wafer atomic layer deposition (ALD) products; and VECTOR plasma-enhanced CVD ALD products. It also provides Flex for dielectric etch applications; Kiyo for conductor etch applications; Syndion for through-silicon via etch applications; and Versys metal products for metal etch processes. In addition, the company offers Coronus bevel clean products to enhance die yield; and Da Vinci, DV-Prime, EOS, SP to address a range of wafer cleaning. Further, it provides Metryx mass metrology systems for high aspect ratio etch, conformal and ALD/sidewall deposition, horizontal processing, film density monitoring, carbon mask open, and wafer cleaning/polymer removal applications; and legacy products. Lam Research Corporation 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
Current SymbolNASDAQ:LRCX
CUSIP51280710
Phone510-572-0200

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$11.08 billion
Cash Flow$22.9471 per share
Book Value$40.11 per share

Profitability

Net Income$2.38 billion

Miscellaneous

Employees10,900
Market Cap$21.53 billion
OptionableOptionable

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 Tuesday, November 13th. Shareholders of record on Wednesday, December 5th will be given a dividend of $1.10 per share on Wednesday, December 26th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 2.98%. The ex-dividend date of this dividend is Tuesday, December 4th. View Lam Research's Dividend History.

How will Lam Research's stock buyback program work?

Lam Research announced that its board has authorized a stock buyback plan on Wednesday, March 7th 2018, which allows the company to buyback $2,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company's board believes its stock is undervalued.

How were Lam Research's earnings last quarter?

Lam Research Co. (NASDAQ:LRCX) released its quarterly earnings data on Tuesday, October, 16th. The semiconductor company reported $3.36 earnings per share for the quarter, topping analysts' consensus estimates of $3.22 by $0.14. The semiconductor company had revenue of $2.33 billion for the quarter, compared to analysts' expectations of $2.31 billion. Lam Research had a return on equity of 49.80% and a net margin of 21.26%. The firm's revenue for the quarter was down 6.0% compared to the same quarter last year. During the same period in the previous year, the business earned $3.46 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, January 23rd 2019. View Earnings Estimates for Lam Research.

How can I listen to Lam Research's earnings call?

Lam Research will be holding an earnings conference call on Wednesday, January 23rd at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link.

What price target have analysts set for LRCX?

22 brokers have issued 12-month price targets for Lam Research's shares. Their forecasts range from $160.00 to $300.00. On average, they expect Lam Research's stock price to reach $218.4895 in the next twelve months. This suggests a possible upside of 48.1% from the stock's current price. View Analyst Price Targets for Lam Research.

What is the consensus analysts' recommendation for Lam Research?

22 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Lam Research in the last year. There are currently 8 hold ratings and 14 buy ratings for the stock, resulting in a consensus recommendation of "Buy." 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 continues to suffer from oversupply and overcapacity of memory chips. This remains a major negative. Further, sluggish wafer spending in NAND and foundry market is hurting the company. Notably, shares of the company have underperformed the industry it belongs to over a year. Nevertheless, Lam Research continues to benefit from the strong performance of its memory segment. Also, continued momentum across its logic segment remains positive. Further, the company remains optimistic about its strong position in China. Estimates have been stable lately ahead of the company’s Q2 earnings release. However, cyclicality and the current U.S.-China trade war are headwinds in the semiconductor industry. Further, foreign currency fluctuation risks are major concerns for the company." (1/11/2019)
  • 2. Mizuho analysts commented, "We believe N-T soft DRAM pricing and NAND pricing soft into 2H19 could be a Capex headwind. As we show in Exhbit-1, we see DRAM/NAND Capex pushouts. For LRCX, memory capex was ~77% of revenue. China overall strong but domestic spending could be weaker. LRCX noted China was strong at ~25% of total revenue with relatively balanced contributions from Memory, Foundry and Logic. China is expected to be up y/ y into 2019E, though we believe domestic China memory spend could be down y/y with YMTC’s challenges." (10/17/2018)
  • 3. 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)

Has Lam Research been receiving favorable news coverage?

Press coverage about LRCX stock has trended positive this week, InfoTrie Sentiment reports. InfoTrie rates the sentiment of media coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Lam Research earned a media sentiment score of 2.8 on InfoTrie's scale. They also gave media stories about the semiconductor company a news buzz of 5.0 out of 10, indicating that recent media coverage is somewhat likely to have an impact on the company's share price in the near term.

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. Timothy M. Archer, Pres, CEO & Director (Age 51)
  • Mr. Douglas R. Bettinger, Exec. VP, CFO & Chief Accounting Officer (Age 51)
  • Dr. Richard A. Gottscho, Exec. VP & Corp. CTO (Age 66)
  • Dr. Scott G. Meikle, Sr. VP of Global Customer Operations (Age 54)
  • Tina Correia, Corp. VP of Investor Relations & Communications

Who are Lam Research's major shareholders?

Lam Research's stock is owned by many different of retail and institutional investors. Top institutional shareholders include Advisors Capital Management LLC (0.06%), Arvest Bank Trust Division (0.05%), Vigilant Capital Management LLC (0.05%), Nisa Investment Advisors LLC (0.04%), KAMES CAPITAL plc (0.03%) and Neville Rodie & Shaw Inc. (0.03%). Company insiders that own Lam Research stock include Douglas R Bettinger, 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 Central Bank & Trust Co., Bowling Portfolio Management LLC, Cozad Asset Management Inc., Gulf International Bank UK Ltd, DNB Asset Management AS, Meeder Asset Management Inc., Nisa Investment Advisors LLC and KAMES CAPITAL plc. Company insiders that have sold Lam Research company stock in the last year include Martin B Anstice, Patrick J Lord, Richard A Gottscho, Sarah A O'dowd, Seshasayee Varadarajan 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 First Citizens Bank & Trust Co., American Trust Investment Advisors LLC, Bristol Advisors LLC, Advisors Capital Management LLC, Polaris Greystone Financial Group LLC, Stokes & Hubbell Capital Management LLC, Edge Wealth Management LLC and Capital Investment Services of America Inc.. 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 $147.55.

How big of a company is Lam Research?

Lam Research has a market capitalization of $21.53 billion and generates $11.08 billion in revenue each year. The semiconductor company earns $2.38 billion in net income (profit) each year or $17.87 on an earnings per share basis. Lam Research employs 10,900 workers across the globe.

What is Lam Research's official website?

The official website for Lam Research is http://www.lamresearch.com.

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 (NASDAQ LRCX)

Community Ranking:  3.5 out of 5 (star star star half star)
Outperform Votes:  1,092 (Vote Outperform)
Underperform Votes:  469 (Vote Underperform)
Total Votes:  1,561
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 1/18/2019 by MarketBeat.com Staff

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