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. Since then, LRCX shares have decreased by 19.3% and is now trading at $223.34. 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) announced its quarterly earnings results on Wednesday, January, 29th. The semiconductor company reported $4.01 earnings per share for the quarter, topping the Zacks' consensus estimate of $3.85 by $0.16. The semiconductor company earned $2.58 billion during the quarter, compared to analyst estimates of $2.51 billion. Lam Research had a net margin of 21.67% and a return on equity of 45.72%. Lam Research's revenue was up 19.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.87 EPS. View Lam Research's earnings history.

Lam Research announced a quarterly dividend on Friday, February 21st. Investors of record on Wednesday, March 25th will be paid a dividend of $1.15 per share on Wednesday, April 8th. This represents a $4.60 annualized dividend and a yield of 2.06%. The ex-dividend date of this dividend is Tuesday, March 24th. View Lam Research's dividend history.

Lam Research declared that its Board of Directors has authorized a share repurchase program on Wednesday, January 23rd 2019, which permits the company to buyback $5,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to purchase up to 23% of its shares through open market purchases. Shares buyback programs are typically a sign that the company's leadership believes its shares are undervalued.

Lam Research issued an update on 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 EPS 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 equities research analysts have issued twelve-month price targets for Lam Research's shares. 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 37.4% from the stock's current price. View analysts' price targets for Lam Research.

News coverage about LRCX stock has been trending very negative on Wednesday, InfoTrie Sentiment reports. The research group ranks the sentiment of press coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Lam Research earned a media sentiment score of -3.3 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 press coverage is extremely unlikely to have an effect on the company's share price in the next few days. View the latest news aboutLam Research.

Lam Research saw a increase in short interest in 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 trading volume of 2,265,000 shares, the days-to-cover ratio is currently 1.7 days. Approximately 2.7% of the shares of the company 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), Nanometrics (ONTO), FormFactor (FORM), Xperi (XPER), Photronics (PLAB), Axcelis Technologies (ACLS) and Ultra Clean (UCTT).

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 $223.34.

Lam Research has a market capitalization of $32.51 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]