NASDAQ:LRCX

Lam Research (LRCX) Stock Forecast, Price & News

$613.67

-6.19 (-1.00%)

(As of 06/2/2023 08:48 PM ET)

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Today's Range: $607.75
▼
$621.99
50-Day Range: $485.08
▼
$629.96
52-Week Range: $299.59
▼
$644.60

Volume: 1.18 million shs
Average Volume: 1.33 million shs
Market Capitalization: $82.44 billion

P/E Ratio: 17.09
Dividend Yield: 1.12%
Price Target: $505.00

Lam Research MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.68 Rating Score
Upside/Downside: 17.7% Downside
$505.00 Price Target
Short Interest: Healthy
2.13% of Float Sold Short
Dividend Strength: Strong
Based on Four Factors
Sustainability: -0.64
Upright™ Environmental Score
News Sentiment: 0.78
Based on 9 Articles This Week
Insider Trading: Selling Shares
$461,723 Sold Last Quarter
Proj. Earnings Growth: -25.91%
From $33.19 to $24.59 Per Share

Overall MarketRank^™

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

2.35 out of 5 stars

Computer And Technology Sector

197th out of 606 stocks

Special Industry Machinery, Not Elsewhere Classified Industry

5th out of 13 stocks

2.3

Analyst's Opinion

Consensus Rating
Lam Research has received a consensus rating of Buy. The company's average rating score is 2.68, and is based on 13 buy ratings, 6 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $505.00, Lam Research has a forecasted downside of 17.7% from its current price of $613.67.
Amount of Analyst Coverage
Lam Research has been the subject of 8 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

3.0

Short Interest

Percentage of Shares Shorted
2.13% 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 2.2, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Lam Research has recently increased by 9.20%, indicating that investor sentiment is decreasing significantly.

3.3

Dividend Strength

Dividend Yield
Lam Research pays a meaningful dividend of 1.12%, 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 19.21%. 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 28.06% 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.

2.7

News and Social Media Coverage

News Sentiment
Lam Research has a news sentiment score of 0.78. 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 0.51 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 9 news articles for Lam Research this week, compared to 7 articles on an average week.
Search Interest
Only 81 people have searched for LRCX on MarketBeat in the last 30 days. This is a decrease of -29% 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 $461,723.00 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 -25.91% in the coming year, from $33.19 to $24.59 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Lam Research is 17.09, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 121.13.
Price to Earnings Ratio vs. Sector
The P/E ratio of Lam Research is 17.09, 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 285.24.
Price to Earnings Growth Ratio
Lam Research has a PEG Ratio of 7.22. 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 13.56. 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.

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LRCX Stock News Headlines

May 31, 2023 | marketbeat.com

KLA Shares Soars As Chip Equipment Makers Surge 21% In May (LRCX)

With a cup-shaped base breakout and strong earnings growth, KLA is a dominant player in the chip equipment market. It recently announced an EV initiative.

June 4, 2023 | finance.yahoo.com

Lam Research Corporation (NASDAQ:LRCX) is favoured by institutional owners who hold 86% of the company

June 5, 2023 | Behind the Markets (Ad)

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There's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. This company has already shown success in human trials... And Our research shows that anyone who gets in today could see a 46,751% return.

June 2, 2023 | msn.com

UBS Maintains Lam Research (LRCX) Buy Recommendation

June 1, 2023 | seekingalpha.com

Lam Research: A Better Entry Point Is Coming

June 1, 2023 | americanbankingnews.com

Analysts Set Lam Research Co. (NASDAQ:LRCX) Target Price at $517.35

May 31, 2023 | seekingalpha.com

Lam Research Corporation (LRCX) Management Presents at Bernstein 39th Annual Strategic Decisions Conference (Transcript)

May 26, 2023 | finance.yahoo.com

Why Our Exit In LRCX Stock Isn't Bothersome

June 5, 2023 | Vector Vest (Ad)

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May 26, 2023 | finance.yahoo.com

Is Lam Research Corporation's (NASDAQ:LRCX) Latest Stock Performance A Reflection Of Its Financial Health?

May 24, 2023 | thestreet.com

Lam Research Corporation

May 24, 2023 | msn.com

Lam Research Unusual Options Activity For May 24

May 22, 2023 | benzinga.com

$1000 Invested In Lam Research 10 Years Ago Would Be Worth This Much Today

May 22, 2023 | seekingalpha.com

Lam Research Corporation (LRCX) 51st Annual JPMorgan Global Technology, Media and Communications Conference (Transcript)

May 22, 2023 | seekingalpha.com

Lam Research Corporation (LRCX) Presents at 51st Annual J.P. Morgan Global Technology, Media and Communications Conference (Transcript)

May 19, 2023 | finance.yahoo.com

Why Is Lam Research (LRCX) Up 13.7% Since Last Earnings Report?

May 17, 2023 | americanbankingnews.com

Short Interest in Lam Research Co. (NASDAQ:LRCX) Drops By 9.1%

May 15, 2023 | finance.yahoo.com

Lam Research Passes Buy Point Despite Chip-Gear Spending Drop

May 13, 2023 | msn.com

Lam Research (LRCX) Declares $1.72 Dividend

May 7, 2023 | uk.finance.yahoo.com

Lam Research Insiders Sell US$10m Of Stock, Possibly Signalling Caution

May 7, 2023 | americanbankingnews.com

Brokerages Set Lam Research Co. (NASDAQ:LRCX) Price Target at $520.11

May 7, 2023 | americanbankingnews.com

FY2023 Earnings Estimate for Lam Research Co. Issued By Zacks Research (NASDAQ:LRCX)

May 5, 2023 | marketwatch.com

Lam Research Corp. stock falls Thursday, still outperforms market

May 3, 2023 | finance.yahoo.com

A fantastic week for Lam Research Corporation's (NASDAQ:LRCX) 86% institutional owners, one-year returns continue to impress

May 2, 2023 | marketwatch.com

Lam Research Corp. stock outperforms market despite losses on the day

April 28, 2023 | marketwatch.com

Lam Research Corp. stock rises Friday, outperforms market

April 26, 2023 | americanbankingnews.com

Lam Research Co. Expected to Post Q4 2023 Earnings of $5.07 Per Share (NASDAQ:LRCX)

See More Headlines

LRCX Price History

30 days | 90 days | 365 days | Advanced Chart

LRCX Company Calendar

Ex-Dividend for 4/5 Dividend: 3/14/2023
Dividend Payable: 4/05/2023
Last Earnings: 4/19/2023
Today: 6/05/2023
Ex-Dividend for 7/5 Dividend: 6/13/2023
Fiscal Year End: 6/30/2023
Dividend Payable: 7/05/2023
Next Earnings (Estimated): 7/26/2023

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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: $505.00
High Stock Price Forecast: $620.00
Low Stock Price Forecast: $375.00
Forecasted Upside/Downside: -17.7%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.68
Research Coverage: 19 Analysts

Profitability

EPS (Most Recent Fiscal Year): $35.91
Trailing P/E Ratio: 17.09
Forward P/E Ratio: 18.49
P/E Growth: 7.22
Net Income: $4.61 billion
Net Margins: 26.08%
Pretax Margin: 29.72%
Return on Equity: 66.54%
Return on Assets: 27.20%

Debt

Debt-to-Equity Ratio: 0.59
Current Ratio: 3.09
Quick Ratio: 1.99

Sales & Book Value

Annual Sales: $17.23 billion
Price / Sales: 4.79
Cash Flow: $35.97 per share
Price / Cash Flow: 17.06
Book Value: $62.58 per share
Price / Book: 9.81

Miscellaneous

Outstanding Shares: 134,340,000
Free Float: 133,870,000
Market Cap: $82.44 billion
Optionable: Optionable
Beta: 1.49

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?: 19 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Lam Research in the last twelve months. There are currently 6 hold ratings and 13 buy ratings for the stock. The consensus among Wall Street 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?: 19 equities research analysts have issued twelve-month price targets for Lam Research's stock. Their LRCX share price forecasts range from $375.00 to $620.00. On average, they predict the company's stock price to reach $505.00 in the next twelve months. This suggests that the stock has a possible downside of 17.7%.
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 at the beginning of the year. Since then, LRCX stock has increased by 46.0% and is now trading at $613.67.
View the best growth stocks for 2023 here.
When is Lam Research's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, July 26th 2023.
View our LRCX earnings forecast.
How were Lam Research's earnings last quarter?: Lam Research Co. (NASDAQ:LRCX) announced its quarterly earnings data on Wednesday, April, 19th. The semiconductor company reported $6.99 earnings per share for the quarter, topping analysts' consensus estimates of $6.53 by $0.46. The semiconductor company earned $3.87 billion during the quarter, compared to analysts' expectations of $3.85 billion. Lam Research had a net margin of 26.08% and a trailing twelve-month return on equity of 66.54%. The firm's quarterly revenue was down 4.7% on a year-over-year basis. During the same quarter last year, the business posted $7.40 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 Wednesday, May 10th. Stockholders of record on Wednesday, June 14th will be given a dividend of $1.725 per share on Wednesday, July 5th. This represents a $6.90 annualized dividend and a yield of 1.12%. The ex-dividend date is Tuesday, June 13th.
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), ProShares Nanotechnology ETF (TINY), VanEck Semiconductor ETF (SMH), Strive U.S. Semiconductor ETF (SHOC), 2ndVote Life Neutral Plus ETF (LYFE), Invesco PHLX Semiconductor ETF (SOXQ) and Guru Favorite Stocks ETF (GFGF).
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 1.12%. 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 19.21%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, LRCX will have a dividend payout ratio of 28.06% 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 updated its fourth quarter 2023 earnings guidance on Wednesday, April, 19th. The company provided earnings per share (EPS) guidance of $4.25-$5.75 for the period, compared to the consensus earnings per share estimate of $5.63. The company issued revenue guidance of $2.80 billion-$3.40 billion, compared to the consensus revenue estimate of $3.47 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 BlackRock Inc. (8.03%), State Street Corp (4.24%), Ameriprise Financial Inc. (4.18%), FMR LLC (3.48%), Price T Rowe Associates Inc. MD (2.92%) and Envestnet Asset Management Inc. (2.61%). 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 $613.67.
How much money does Lam Research make?: Lam Research (NASDAQ:LRCX) has a market capitalization of $82.44 billion and generates $17.23 billion in revenue each year. The semiconductor company earns $4.61 billion in net income (profit) each year or $35.91 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 6/5/2023 by MarketBeat.com Staff

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