Lam Research Company Profile (NASDAQ:LRCX)

Lam Research trades on the NASDAQ under the ticker symbol "LRCX."

Lam Research declared a quarterly dividend on Friday, May 12th. Stockholders of record on Wednesday, June 7th will be given a dividend of $0.45 per share on Wednesday, June 28th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.16%. The ex-dividend date is Monday, June 5th. View Lam Research's Dividend History.

Lam Research Co. (NASDAQ:LRCX) released its earnings results on Tuesday, April, 18th. The company reported $2.80 earnings per share for the quarter, topping the Zacks' consensus estimate of $2.55 by $0.25. The business earned $2.15 billion during the quarter, compared to analysts' expectations of $2.13 billion. Lam Research had a return on equity of 19.95% and a net margin of 15.67%. Lam Research's revenue was up 63.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.18 earnings per share. View Lam Research's Earnings History.

Lam Research is scheduled to release their next quarterly earnings announcement on Tuesday, July, 25th 2017. View Earnings Estimates for Lam Research.

Lam Research issued an update on its fourth quarter earnings guidance on Tuesday, April, 18th. The company provided earnings per share guidance of $2.88-3.12 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.65. The company issued revenue guidance of $2.2-2.4 billion, compared to the consensus revenue estimate of $2.19 billion.

18 equities research analysts have issued 12-month price objectives for Lam Research's stock. Their predictions range from $95.00 to $200.00. On average, they expect Lam Research's stock price to reach $142.27 in the next year. View Analyst Ratings for Lam Research.

Here are some recent quotes from research analysts about Lam Research stock:

• 1. According to Zacks Investment Research, "Lam Research Corp. is a leading global provider of innovative wafer fabrication equipment and services to the semiconductor industry. The company reported better-than-expected fiscal second quarter 2017 results with earnings surpassing our estimates. The results were driven by strong success in the areas of device architecture, process flow and advanced packaging technology inflections. Over the last one year, the stock has outperformed the Zacks characterized Semi-Equipment Wafer Fab industry.  The company has been improving on WFE market share significantly since 2013 and expects to continue making gains, going forward.   At the same time, the persistent decline in the PC market, which is still the most important consumer of DRAMs, the competitive climate and currency effects remain concerns." (3/28/2017)
• 2. Susquehanna Bancshares Inc analysts commented, "As was expected, Lam's revenue and shipment guide was solid and implying 2017 WFE spend that is tracking up 5-10% (and off of a higher base in 2016). The company's shipment guide suggests 2H shipment in 2017 will decline by 25-30% vs. 1H. Thus, with significant 3D NAND capacity installed and ready for mass production by YE17, the debate changes to the direction of shipment and revenue into 2018. Additionally, even if shipment and revenue were to rebound in 1H18, then one can argue that the 2020 earning power has been pulled forward. In this scenario, the debate on Lam and the rest of Semi Cap Eq (SCE) sector changes to what is the right multiple to peak earning. FCF margins have certainly improved and are now less volatile compared to prior trends. Additionally, any change to US tax codes could help Lam improve on-shore cash balance and thus strengthen capital return budgets. However, what is unknown is the direction of underlying fundamentals. There is no debate that Lam's customers are now more rational with investment plans, but what about semi demand drivers into 2018? How about de-coupling of NAND wafer capacity investment from NAND bit supply growth as 64L 3D NAND TLC will help with 3-5x increase in NAND wafer density? And how about leading edge Foundry/Logic; what could happen to 2018 spend with EUV insertion not until 2019 (which could theoretically improve the affordability of leading edge Foundry/Logic)? In this context, and even if we were to remove the word cyclicality from the Webster Dictionary, we argue the debate on SCE section changes to appropriate valuation multiples, a theme that will be on-going for sometime." (1/26/2017)
• 3. Deutsche Bank AG analysts commented, "Strong shipments to drive 1H upside; LRCX is our top pick for 2017 Tgt USD115 to USD125 LRCX should see double-digit revenue growth in 2017 vs. WFE growth of DBe 3-5%, driven by continued share gains, SAM expansion and favorable mix. While fears of peak cycle will continue to exist, we believe the combination of low valuation (12x CY18E EPS and 7x EV/EBITDA), revenue outperformance and an increased focus on capital returns makes LRCX an attractive investment from a risk/reward standpoint. We raise our P/T to $125 and reiterate Buy." (1/23/2017)

Lam Research saw a increase in short interest in the month of April. As of April 28th, there was short interest totalling 13,624,738 shares, an increase of 15.8% from the April 13th total of 11,762,845 shares. Based on an average trading volume of 2,572,806 shares, the short-interest ratio is presently 5.3 days. Currently, 8.5% of the shares of the company are sold short.

Some companies that are related to Lam Research include Applied Materials (AMAT), ChipMOS TECHNOLOGIES INC. - American Depositary Shares (IMOS), KLA-Tencor Corp (KLAC), Synopsys (SNPS), Advanced Semiconductor Engnrng (ASX), IPG Photonics (IPGP), Teradyne (TER), Universal Display (OLED), Siliconware Precision Industries (SPIL), United Microelectronics Corp (UMC), Entegris (ENTG), Cree (CREE), Ambarella (AMBA), Brooks Automation (BRKS), Kulicke and Soffa Industries (KLIC), Oclaro (OCLR), Veeco Instruments (VECO) and Ultratech (UTEK).

Lam Research's stock is owned by many different of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (9.76%), FMR LLC (6.52%), Ameriprise Financial Inc. (5.80%), State Street Corp (4.41%), Janus Capital Management LLC (2.24%) and LSV Asset Management (1.49%). Company insiders that own Lam Research stock include Christine Heckart, Douglas R Bettinger, Mansy Youssef A El, Martin B Anstice, Patrick J Lord, Richard A Gottscho, Sarah A O'dowd, Stephen G Newberry and Timothy Archer. View Institutional Ownership Trends for Lam Research.

Lam Research's stock was sold by a variety of institutional investors in the last quarter, including FMR LLC, Waddell & Reed Financial Inc., Columbus Circle Investors, Parnassus Investments CA, Ameriprise Financial Inc., Pinnacle Associates Ltd., RGM Capital LLC and OppenheimerFunds Inc.. Company insiders that have sold Lam Research stock in the last year include Christine Heckart, Douglas R Bettinger, Mansy Youssef A El, Martin B Anstice, Patrick J Lord, Richard A Gottscho, Sarah A O'dowd, Stephen G Newberry and Timothy Archer. View Insider Buying and Selling for Lam Research.

Lam Research's stock was acquired by a variety of institutional investors in the last quarter, including Soros Fund Management LLC, Vanguard Group Inc., LSV Asset Management, Janus Capital Management LLC, UBS Asset Management Americas Inc., State Street Corp, Principal Financial Group Inc. and Whale Rock Capital Management LLC. View Insider Buying and Selling for Lam Research.

Shares of Lam Research can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of Lam Research stock can currently be purchased for approximately $155.12.