NASDAQ:LRCX

Lam Research - LRCX Stock Forecast, Price & News

$507.15

+22.07 (+4.55%)

(As of 03/29/2023 12:28 PM ET)

Add

Compare

Today's Range: $492.26
▼
$508.11
50-Day Range: $453.89
▼
$541.04
52-Week Range: $299.59
▼
$574.79

Volume: 694,920 shs
Average Volume: 1.26 million shs
Market Capitalization: $68.43 billion

P/E Ratio: 13.63
Dividend Yield: 1.36%
Price Target: $492.10

Institutional Ownership

Lam Research MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.65 Rating Score
Upside/Downside: 0.8% Downside
$492.10 Price Target
Short Interest: Healthy
1.71% of Float Sold Short
Dividend Strength: Strong
Based on Four Factors
Sustainability: -0.64
Upright™ Environmental Score
News Sentiment: 1.04
Based on 12 Articles This Week
Insider Trading: Selling Shares
$378,154 Sold Last Quarter
Proj. Earnings Growth: -22.88%
From $33.30 to $25.68 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.56 out of 5 stars

Computer And Technology Sector

157th out of 615 stocks

Special Industry Machinery, Not Elsewhere Classified Industry

6th out of 14 stocks

2.3

Analyst's Opinion

Consensus Rating
Lam Research has received a consensus rating of Buy. The company's average rating score is 2.65, and is based on 13 buy ratings, 7 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $492.10, Lam Research has a forecasted downside of 0.8% from its current price of $496.09.
Amount of Analyst Coverage
Lam Research has been the subject of 9 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

5.0

Short Interest

Percentage of Shares Shorted
1.71% of the float of Lam Research has been sold short.
Short Interest Ratio / Days to Cover
Lam Research has a short interest ratio ("days to cover") of 1.8, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Lam Research has recently decreased by 9.45%, indicating that investor sentiment is improving significantly.

3.3

Dividend Strength

Dividend Yield
Lam Research pays a meaningful dividend of 1.37%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Lam Research has been increasing its dividend for 8 years.
Dividend Coverage
The dividend payout ratio of Lam Research is 18.55%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Lam Research will have a dividend payout ratio of 26.87% next year. This indicates that Lam Research will be able to sustain or increase its dividend.

2.5

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Lam Research has received a 14.88% net impact score from Upright. Lam Research seems to create the most significant positive value in categories "Taxes", "Jobs", and "Knowledge infrastructure". The positive contribution in the "Knowledge infrastructure" impact category is mostly driven by its "Atomic layer deposition services", "Semiconductor etching services", and "Semiconductor wafer cleaning services" products. See details.
Environmental Sustainability
The Environmental Impact score for Lam Research is -0.64.

2.8

News and Social Media Coverage

News Sentiment
Lam Research has a news sentiment score of 1.04. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.47 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 12 news articles for Lam Research this week, compared to 7 articles on an average week.
Social Mentions This Week
MarketBeat has tracked 1 reddit mention for Lam Research this week, compared to 0 mentions on an average week.
Search Interest
Only 75 people have searched for LRCX on MarketBeat in the last 30 days. This is a decrease of -40% compared to the previous 30 days.
MarketBeat Follows
Only 17 people have added Lam Research to their MarketBeat watchlist in the last 30 days. This is a decrease of -6% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Lam Research insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $378,154.00 in company stock.
Percentage Held by Insiders
Only 0.35% of the stock of Lam Research is held by insiders.
Percentage Held by Institutions
81.60% of the stock of Lam Research is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3

Earnings and Valuation

Earnings Growth
Earnings for Lam Research are expected to decrease by -22.88% in the coming year, from $33.30 to $25.68 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Lam Research is 13.34, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 119.81.
Price to Earnings Ratio vs. Sector
The P/E ratio of Lam Research is 13.34, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 293.45.
Price to Earnings Growth Ratio
Lam Research has a PEG Ratio of 8.66. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Lam Research has a P/B Ratio of 10.96. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Lam Research (NASDAQ:LRCX) Stock

Lam Research Corporation is a semiconductor equipment manufacturer headquartered in Fremont, California. Founded in 1980, the company specializes in designing, manufacturing, and servicing equipment fabricating integrated circuits. Lam Research's products enable the production of advanced memory and logic chips used in various electronic devices, including smartphones, tablets, and computers.

The company has a global presence, manufacturing facilities and sales offices in North America, Europe, and Asia. Over the years, Lam Research has received several awards and recognitions for its innovative products, including the 2020 IEEE Corporate Innovation Award for its leadership in advancing the semiconductor industry.

Lam Research's leadership team is led by Tim Archer, who serves as the President and CEO. Mr. Archer joined the company in 2012 and has been instrumental in driving the company's growth and success. Under his leadership, Lam Research has expanded its product portfolio, strengthened its global footprint, and improved its operational efficiency.

Other key company management team members include Doug Bettinger, Chief Financial Officer, and Richard Gottscho, appointed Chief Technical Officer in 2023.

Lam Research has seen continued growth in revenue and profitability over the past few years. The company has also returned value to shareholders through dividends and share repurchases. The company's cash flow could be a concerning issue. Lam Research has seen strong performance in the stock market in recent years.

Lam Research operates in the semiconductor equipment industry, which has grown enormously recently. The increasing demand for advanced electronic devices, such as smartphones and other connected devices, drives the industry. However, the industry is also subject to cyclical trends, with demand for semiconductor equipment closely tied to the overall health of the global economy.

Lam Research faces competition from other semiconductor equipment manufacturers, including Applied Materials, ASML, and Tokyo Electron. The industry is also subject to regulatory and political risks, particularly in trade policy and export controls.

Lam Research has several growth opportunities in the coming years. The company is investing in research and development to create new and innovative products that will enable the continued growth of the semiconductor industry. Lam Research also expands its presence in key growth markets, such as China, where it invests in new manufacturing facilities and research centers.

Another growth opportunity for Lam Research is advanced memory technologies, such as 3D NAND and DRAM. These technologies are critical for developing high-performance computing and data storage applications, and Lam Research's expertise in this area positions the company well to capitalize on this growth opportunity.

Lam Research is also focused on expanding its service business, which provides ongoing maintenance and support to customers' equipment. This business offers a stable revenue source and helps build long-term customer relationships.

One of the main risks facing Lam Research is the cyclical nature of the semiconductor industry. Demand for semiconductor equipment can be highly volatile, and the industry is subject to fluctuations in the global economy. If demand for electronic devices declined, it could significantly impact Lam Research's revenue and profitability.

The semiconductor industry is also subject to intense competition, with many established players and new entrants vying for market share. Lam Research must continue to innovate and invest in new products and technologies to remain competitive.

Another risk facing Lam Research is the potential for regulatory and political challenges. The company operates in a highly regulated industry, and changes in export controls or trade policy could impact its ability to do business in specific markets.

While there are risks and challenges facing the company, Lam Research's focus on research and development, expansion into key growth markets, and investment in its service business should help to mitigate these risks and drive long-term growth and profitability. As such, Lam Research may be an investment opportunity for investors seeking to gain semiconductor industry exposure.

Receive LRCX Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Lam Research and its competitors with MarketBeat's FREE daily newsletter.

LRCX Stock News Headlines

March 28, 2023 | benzinga.com

Lam Research Unusual Options Activity For March 28

March 24, 2023 | msn.com

8 Companies That Could Issue the Next Stock Split

March 29, 2023 | Porter & Company (Ad)

Biden's corruption knows no end

Porter Stansberry here -- I reveal the shocking changes this Obama policy will usher in… what it means for you, your family, and your finances… and how you can prepare for this new American era. Stream my new documentary at no cost today.

March 24, 2023 | benzinga.com

Lam Research Unusual Options Activity For March 24

March 17, 2023 | benzinga.com

Lam Research Unusual Options Activity For March 17

March 17, 2023 | finance.yahoo.com

Lam Research Top Dog Among Big-Cap Chip Stocks

March 17, 2023 | marketwatch.com

Lam Research Corp. stock rises Thursday, outperforms market

March 15, 2023 | nasdaq.com

Lam Research Corporation Common Stock (LRCX)

March 29, 2023 | Porter & Company (Ad)

Biden's corruption knows no end

March 15, 2023 | msn.com

5 big analyst cuts: Lam Research downgraded at Bernstein | Pro Recap

March 14, 2023 | msn.com

Bernstein Downgrades Lam Research (LRCX)

March 13, 2023 | markets.businessinsider.com

What 8 Analyst Ratings Have To Say About Lam Research

March 13, 2023 | marketwatch.com

Lam Research Corp. stock falls Monday, underperforms market

March 13, 2023 | cnbc.com

Here are Monday's biggest analyst calls: Apple ,Tesla, First Republic, Roku, Sunrun, JPMorgan Chase & more

March 11, 2023 | marketwatch.com

How the price action of Lam Research ($LRCX) is used to our Advantage

March 9, 2023 | seekingalpha.com

Lam Research: Waiting For A Better Entry

March 9, 2023 | finance.yahoo.com

There's A Lot To Like About Lam Research's (NASDAQ:LRCX) Upcoming US$1.73 Dividend

March 6, 2023 | msn.com

A Look Into Lam Research's Debt

March 5, 2023 | seekingalpha.com

Lam Research Is Trading Well Below Its Intrinsic Value

March 5, 2023 | finance.yahoo.com

Why The 41% Return On Capital At Lam Research (NASDAQ:LRCX) Should Have Your Attention

March 1, 2023 | msn.com

$1000 Invested In Lam Research 5 Years Ago Would Be Worth This Much Today

February 21, 2023 | finance.yahoo.com

Lam Research Announces New Executive Appointments to Extend Innovation Leadership and Position the Company for Long-Term Growth

February 20, 2023 | thestreet.com

Lam Research Rises On Unusually High Volume (LRCX)

February 15, 2023 | finance.yahoo.com

Lam Research Corporation (LRCX) is Attracting Investor Attention: Here is What You Should Know

February 10, 2023 | bizjournals.com

Lam Research is laying off 400 Bay Area workers

February 10, 2023 | finance.yahoo.com

Lam Research Will Likely Continue Its Sideways Price Movement

February 9, 2023 | msn.com

Lam Research declares $1.725 dividend

See More Headlines

30 days | 90 days | 365 days | Advanced Chart

Receive LRCX Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Lam Research and its competitors with MarketBeat's FREE daily newsletter.

LRCX Company Calendar

Ex-Dividend for 1/4 Dividend: 12/13/2022
Dividend Payable: 1/04/2023
Last Earnings: 1/25/2023
Ex-Dividend for 4/5 Dividend: 3/14/2023
Today: 3/29/2023
Dividend Payable: 4/05/2023
Next Earnings (Estimated): 4/19/2023
Fiscal Year End: 6/30/2023

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Special industry machinery, not elsewhere classified
Sub-Industry: Semiconductor Equipment
Sector: Computer and Technology
Current Symbol: NASDAQ:LRCX
CUSIP: 51280710
CIK: 707549
Web: www.lamresearch.com
Phone: (510) 572-0200
Fax: 510-572-6454
Employees: 17,700
Year Founded: 1980

Price Target and Rating

Average Stock Price Forecast: $492.10
High Stock Price Forecast: $620.00
Low Stock Price Forecast: $375.00
Forecasted Upside/Downside: +1.4%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.65
Research Coverage: 20 Analysts

Profitability

EPS (Most Recent Fiscal Year): $37.20
Trailing P/E Ratio: 13.04
Forward P/E Ratio: 14.57
P/E Growth: 8.66
Net Income: $4.61 billion
Net Margins: 26.91%
Pretax Margin: 30.45%
Return on Equity: 73.48%
Return on Assets: 28.71%

Debt

Debt-to-Equity Ratio: 0.60
Current Ratio: 3.02
Quick Ratio: 1.95

Sales & Book Value

Annual Sales: $17.23 billion
Price / Sales: 3.80
Cash Flow: $34.75 per share
Price / Cash Flow: 13.96
Book Value: $45.26 per share
Price / Book: 10.72

Miscellaneous

Outstanding Shares: 134,940,000
Free Float: 134,464,000
Market Cap: $65.46 billion
Optionable: Optionable
Beta: 1.48

Social Links

Key Executives

Timothy M. Archer
President, Chief Executive Officer & Director

Patrick James Lord
Chief Operating Officer & Executive Vice President

Douglas R. Bettinger
Chief Financial Officer, CAO & Executive VP

Vahid Vahedi
Chief Technology Officer

Robert Hawthorne
Chief Information Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

LRCX Stock - Frequently Asked Questions

Should I buy or sell Lam Research stock right now?: 20 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Lam Research in the last year. There are currently 7 hold ratings and 13 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" LRCX shares.
View LRCX analyst ratings or view top-rated stocks.
What is Lam Research's stock price forecast for 2023?: 20 equities research analysts have issued 1-year target prices for Lam Research's shares. Their LRCX share price forecasts range from $375.00 to $620.00. On average, they expect the company's share price to reach $492.10 in the next twelve months. This suggests a possible upside of 1.4% from the stock's current price.
View analysts price targets for LRCX or view top-rated stocks among Wall Street analysts.
How have LRCX shares performed in 2023?: Lam Research's stock was trading at $420.30 on January 1st, 2023. Since then, LRCX stock has increased by 15.4% and is now trading at $485.08.
View the best growth stocks for 2023 here.
Are investors shorting Lam Research?: Lam Research saw a decrease in short interest in the month of March. As of March 15th, there was short interest totaling 2,300,000 shares, a decrease of 9.4% from the February 28th total of 2,540,000 shares. Based on an average daily volume of 1,270,000 shares, the days-to-cover ratio is currently 1.8 days. Approximately 1.7% of the shares of the stock are sold short.
View Lam Research's Short Interest.
When is Lam Research's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 19th 2023.
View our LRCX earnings forecast.
How were Lam Research's earnings last quarter?: Lam Research Co. (NASDAQ:LRCX) posted its quarterly earnings data on Wednesday, January, 25th. The semiconductor company reported $10.71 earnings per share for the quarter, topping the consensus estimate of $9.95 by $0.76. The semiconductor company had revenue of $5.28 billion for the quarter, compared to analysts' expectations of $5.08 billion. Lam Research had a trailing twelve-month return on equity of 73.48% and a net margin of 26.91%. The company's revenue was up 24.9% compared to the same quarter last year. During the same quarter last year, the business posted $8.53 earnings per share.
Read the conference call transcript.
How often does Lam Research pay dividends? What is the dividend yield for Lam Research?: Lam Research declared a quarterly dividend on Thursday, February 9th. Shareholders of record on Wednesday, March 15th will be paid a dividend of $1.725 per share on Wednesday, April 5th. This represents a $6.90 annualized dividend and a dividend yield of 1.42%. The ex-dividend date of this dividend is Tuesday, March 14th.
Read our dividend analysis for LRCX.
What ETFs hold Lam Research's stock?: ETFs with the largest weight of Lam Research (NASDAQ:LRCX) stock in their portfolio include Columbia Seligman Semiconductor and Technology ETF (SEMI), Invesco Dynamic Semiconductors ETF (PSI), 2ndVote Life Neutral Plus ETF (LYFE), ProShares Nanotechnology ETF (TINY), Strive U.S. Semiconductor ETF (SHOC), VanEck Semiconductor ETF (SMH), iShares Semiconductor ETF (SOXX) and Invesco PHLX Semiconductor ETF (SOXQ).
Is Lam Research a good dividend stock?: Lam Research (NASDAQ:LRCX) pays an annual dividend of $6.90 per share and currently has a dividend yield of 1.37%. The company has been increasing its dividend for 8 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio is 18.55%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, LRCX will have a dividend payout ratio of 26.87% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for LRCX.
What guidance has Lam Research issued on next quarter's earnings?: Lam Research issued an update on its third quarter 2023 earnings guidance on Wednesday, January, 25th. The company provided earnings per share guidance of $5.75-$7.25 for the period, compared to the consensus estimate of $7.88. The company issued revenue guidance of $3.50 billion-$4.10 billion, compared to the consensus revenue estimate of $4.38 billion.

What is Tim Archer's approval rating as Lam Research's CEO?: 152 employees have rated Lam Research Chief Executive Officer Tim Archer on Glassdoor.com. Tim Archer has an approval rating of 94% among the company's employees. This puts Tim Archer in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.
What other stocks do shareholders of Lam Research own?: 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), Advanced Micro Devices (AMD), Broadcom (AVGO), Salesforce (CRM) and PayPal (PYPL).
What is Lam Research's stock symbol?: Lam Research trades on the NASDAQ under the ticker symbol "LRCX."
Who are Lam Research's major shareholders?: Lam Research's stock is owned by a number of institutional and retail investors. Top institutional investors include Moneta Group Investment Advisors LLC (24.32%), Price T Rowe Associates Inc. MD (2.51%), Fisher Asset Management LLC (1.96%), Geode Capital Management LLC (1.87%), Sands Capital Management LLC (1.75%) and Morgan Stanley (1.22%). Insiders that own company stock include Abhijit Y Talwalkar, Catherine P Lego, Douglas R Bettinger, Douglas R Bettinger, Jaynie M Studenmund, Kevin Jennings, Leslie F Varon, Patrick J Lord, Richard A Gottscho, Richard A Gottscho, Scott Gerald Meikle, Seshasayee Varadarajan, Sohail U Ahmed, Timothy Archer, Timothy Archer and Vahid Vahedi.
View institutional ownership trends.
How do I buy shares of Lam Research?: Shares of LRCX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Lam Research's stock price today?: One share of LRCX stock can currently be purchased for approximately $485.08.
How much money does Lam Research make?: Lam Research (NASDAQ:LRCX) has a market capitalization of $65.46 billion and generates $17.23 billion in revenue each year. The semiconductor company earns $4.61 billion in net income (profit) each year or $37.20 on an earnings per share basis.
How many employees does Lam Research have?: The company employs 17,700 workers across the globe.
Does Lam Research have any subsidiaries?: The following companies are subsidiares of Lam Research: Bullen Semiconductor, Coventor, Coventor Inc., Coventor Korea Limited, Coventor Sarl, Lam Research (H.K.) Limited, Lam Research (H.K.) Limited Taiwan Branch, Lam Research (India) Private Limited, Lam Research (Ireland) Limited, Lam Research (Israel) Ltd., Lam Research (Shanghai) Co. Ltd., Lam Research AG, Lam Research B.V., Lam Research Belgium BVBA, Lam Research Capital LLC, Lam Research Capital Ltd., Lam Research Co. Ltd., Lam Research GmbH, Lam Research Holding GmbH, Lam Research Illinois IAG Inc, Lam Research International B.V., Lam Research International Holding Company, Lam Research International Holdings II Ltd., Lam Research International Holdings Ltd., Lam Research International Sdn Bhd., Lam Research International Sàrl, Lam Research Korea LLC YH, Lam Research Korea Limited, Lam Research Korea Technology LLC YH, Lam Research Ltd., Lam Research Luxembourg S.à.r.l., Lam Research Malaysia Sdn. Bhd., Lam Research Management GmbH, Lam Research Manufacturing Korea LLC, Lam Research S.r.l., Lam Research SAS, Lam Research Service Co. Ltd., Lam Research Services Ltd., Lam Research Singapore Pte Ltd., Metryx Ltd., Novellus Systems, Novellus Systems Inc., Novellus Systems International LLC, SEZ, Silfex Inc., SpeedFam-IPEC International Services LLC, and Straatum Processware.
Read More
How can I contact Lam Research?: Lam Research's mailing address is 4650 Cushing Parkway, Fremont CA, 94538. The official website for the company is www.lamresearch.com. The semiconductor company can be reached via phone at (510) 572-0200, via email at investor.relations@lamresearch.com, or via fax at 510-572-6454.

This page (NASDAQ:LRCX) was last updated on 3/29/2023 by MarketBeat.com Staff

Get 30 Days of MarketBeat All Access Free

Best-in-Class Portfolio Monitoring
View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.
Stock Ideas and Recommendations
Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report.
Advanced Stock Screeners and Research Tools
Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis.

Start Your 30-Day Free Trial

Lam Research - LRCX Stock Forecast, Price & News

Lam Research MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

Environmental Sustainability

News and Social Media Coverage

News Sentiment

News Coverage This Week

Social Mentions This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Lam Research (NASDAQ:LRCX) Stock

LRCX Stock News Headlines

LRCX Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Social Links

Key Executives

Key Competitors

Insiders & Institutions

LRCX Stock - Frequently Asked Questions

Overall MarketRank^™