NASDAQ:LRCXLam 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 (WHO). Since then, LRCX shares have decreased by 5.6% and is now trading at $261.14. View which stocks have been most impacted by Coronavirus.

25 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Lam Research in the last year. There are currently 6 hold ratings and 19 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, July 29th 2020. View our earnings forecast for Lam Research.

Lam Research Co. (NASDAQ:LRCX) released its earnings results on Wednesday, April, 22nd. The semiconductor company reported $3.98 earnings per share for the quarter, meeting the Thomson Reuters' consensus estimate of $3.98. The semiconductor company had revenue of $2.51 billion for the quarter, compared to the consensus estimate of $2.51 billion. Lam Research had a return on equity of 47.79% and a net margin of 21.81%. The company's revenue was up 2.7% compared to the same quarter last year. During the same period in the prior year, the business posted $3.70 earnings per share. View Lam Research's earnings history.

Lam Research announced a quarterly dividend on Monday, May 18th. Shareholders of record on Wednesday, June 17th will be given a dividend of $1.15 per share on Wednesday, July 8th. This represents a $4.60 dividend on an annualized basis and a yield of 1.76%. The ex-dividend date of this dividend is Tuesday, June 16th. View Lam Research's dividend history.

Lam Research declared that its board has approved a stock buyback program on Wednesday, January 23rd 2019, which permits the company to repurchase $5,000,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to reacquire up to 23% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company's leadership believes its stock is undervalued.

25 equities research analysts have issued 1-year price objectives for Lam Research's stock. Their forecasts range from $231.00 to $370.00. On average, they expect Lam Research's share price to reach $305.83 in the next twelve months. This suggests a possible upside of 17.1% from the stock's current price. View analysts' price targets for Lam Research.

News articles about LRCX stock have trended very negative recently, according to InfoTrie. The research group identifies positive and negative press coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Lam Research earned a coverage optimism score of -3.0 on InfoTrie's scale. They also gave news articles about the semiconductor company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the company's share price in the next several days. View the latest news aboutLam Research.

Lam Research saw a increase in short interest during the month of May. As of May 15th, there was short interest totaling 4,230,000 shares, an increase of 7.9% from the April 30th total of 3,920,000 shares. Based on an average trading volume of 2,480,000 shares, the days-to-cover ratio is presently 1.7 days. Currently, 2.9% of the company's shares are sold short. 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), Advanced Energy Industries (AEIS), Amkor Technology (AMKR), FormFactor (FORM), Nanometrics (ONTO), Axcelis Technologies (ACLS), Photronics (PLAB), Ultra Clean (UCTT) and Xperi (XPER). View all competitors.

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), Broadcom (AVGO), Adobe (ADBE), Boeing (BA) and salesforce.com (CRM).

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

Lam Research's stock is owned by many different institutional and retail investors. Top institutional investors include BlackRock Inc. (8.72%), State Street Corp (4.39%), Janus Henderson Group PLC (3.04%), Geode Capital Management LLC (1.77%), Nuveen Asset Management LLC (1.46%) and Bank of New York Mellon Corp (1.08%). Company insiders that own Lam Research stock include Abhijit Y Talwalkar, Christine Heckart, Douglas R Bettinger, Kevin Jennings, Mansy Youssef A El, Patrick J Lord, Richard A Gottscho, Sarah A O'dowd, Scott Gerald Meikle, Seshasayee Varadarajan, Timothy Archer and Vahid Vahedi. View institutional ownership trends for Lam Research.

LRCX stock was sold by a variety of institutional investors in the last quarter, including AQR Capital Management LLC, Two Sigma Advisers LP, Capital Research Global Investors, Parnassus Investments CA, Bank of New York Mellon Corp, Janus Henderson Group PLC, APG Asset Management N.V., and APG Asset Management N.V.. Company insiders that have sold Lam Research company stock in the last year include Abhijit Y Talwalkar, Douglas R Bettinger, Kevin Jennings, Mansy Youssef A El, Patrick J Lord, Richard A Gottscho, Sarah A O'dowd, Scott Gerald Meikle, Seshasayee Varadarajan, Timothy Archer, and Vahid Vahedi. View insider buying and selling activity for Lam Research.

LRCX stock was acquired by a variety of institutional investors in the last quarter, including Fisher Asset Management LLC, Nuveen Asset Management LLC, Sumitomo Mitsui Trust Holdings Inc., Sound Shore Management Inc. CT, PNC Financial Services Group Inc., BlackRock Inc., Fred Alger Management LLC, and Clearbridge Investments LLC. View insider buying and selling activity for 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, Robinhood, Fidelity, and Charles Schwab.

One share of LRCX stock can currently be purchased for approximately $261.14.

Lam Research has a market capitalization of $37.91 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.

The official website for Lam Research is 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]