Lam Research Stock Price, News & Analysis (NASDAQ:LRCX)

$237.07
+0.21 (+0.09 %)
(As of 09/20/2019 09:43 AM ET)
Today's Range
$236.50
Now: $237.07
$237.60
50-Day Range
$192.97
MA: $212.03
$237.97
52-Week Range
$122.64
Now: $237.07
$238.90
Volume234,758 shs
Average Volume1.53 million shs
Market Capitalization$34.26 billion
P/E Ratio16.29
Dividend Yield1.86%
Beta1.62
Lam Research Corporation designs, manufactures, markets, refurbishes, and services semiconductor processing equipment used in the fabrication of integrated circuits worldwide. The company offers ALTUS systems to deposit conformal films for tungsten metallization applications; SABRE electrochemical deposition product for copper damascene manufacturing; SOLA ultraviolet thermal processing products for film treatment; SPEED gapfill high-density plasma chemical vapor deposition (CVD) products; Striker single-wafer atomic layer deposition (ALD) products; and VECTOR plasma-enhanced CVD ALD products. Read More…

Industry, Sector and Symbol

Industry Special industry machinery, not elsewhere classified
Sub-IndustrySemiconductor Equipment
SectorComputer and Technology
Current SymbolNASDAQ:LRCX
CUSIP51280710
Phone510-572-0200

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$9.65 billion
Cash Flow$17.6523 per share
Book Value$31.50 per share

Profitability

Net Income$2.19 billion

Miscellaneous

Employees10,700
Market Cap$34.26 billion
Next Earnings Date10/15/2019 (Estimated)
OptionableOptionable

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Lam Research (NASDAQ:LRCX) Frequently Asked Questions

What is Lam Research's stock symbol?

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

How often does Lam Research pay dividends? What is the dividend yield for Lam Research?

Lam Research declared a quarterly dividend on Thursday, August 29th. Stockholders of record on Tuesday, October 1st will be paid a dividend of $1.15 per share on Wednesday, October 16th. This represents a $4.60 annualized dividend and a dividend yield of 1.94%. The ex-dividend date of this dividend is Monday, September 30th. This is an increase from Lam Research's previous quarterly dividend of $1.10. View Lam Research's Dividend History.

How will Lam Research's stock buyback program work?

Lam Research declared that its Board of Directors has authorized a stock repurchase program on Wednesday, January 23rd 2019, which authorizes the company to repurchase $5,000,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to purchase up to 23% of its stock through open market purchases. Stock repurchase programs are often a sign that the company's board believes its stock is undervalued.

How were Lam Research's earnings last quarter?

Lam Research Co. (NASDAQ:LRCX) posted its quarterly earnings results on Wednesday, July, 31st. The semiconductor company reported $3.62 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $3.40 by $0.22. The semiconductor company earned $2.36 billion during the quarter, compared to the consensus estimate of $2.37 billion. Lam Research had a return on equity of 43.72% and a net margin of 22.70%. Lam Research's revenue for the quarter was down 24.5% on a year-over-year basis. During the same period last year, the business posted $5.31 earnings per share. View Lam Research's Earnings History.

When is Lam Research's next earnings date?

Lam Research is scheduled to release their next quarterly earnings announcement on Tuesday, October 15th 2019. View Earnings Estimates for Lam Research.

What guidance has Lam Research issued on next quarter's earnings?

Lam Research issued an update on its first quarter earnings guidance on Wednesday, July, 31st. The company provided earnings per share guidance of $2.80-3.20 for the period, compared to the Thomson Reuters consensus estimate of $3.25. The company issued revenue guidance of $2.0-2.3 billion, compared to the consensus revenue estimate of $2.31 billion.

What price target have analysts set for LRCX?

19 brokers have issued 12-month price targets for Lam Research's stock. Their predictions range from $165.00 to $279.00. On average, they expect Lam Research's share price to reach $223.5882 in the next year. This suggests that the stock has a possible downside of 5.7%. View Analyst Price Targets for Lam Research.

What is the consensus analysts' recommendation for Lam Research?

19 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Lam Research in the last year. There are currently 10 hold ratings and 9 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Lam Research.

What are Wall Street analysts saying about Lam Research stock?

Here are some recent quotes from research analysts about Lam Research stock:
  • 1. According to Zacks Investment Research, "Lam Research reported strong fiscal third-quarter results on the back of robust equipment demand and solid execution. Moreover, rising adoption of 3D architectures remain positive. It continues to drive the performance of the company’s non-memory segments. Further, advanced packaging technology inflections are acting as tailwinds. Additionally, Lam Research continues to benefit from its transition to new data-enabled economy, in which DRAM and NAND continue to gain from density growth. Notably, the stock has underperformed the industry it belongs to over a year. However, it expects memory segments to weaken during this year. Further, cyclicality and the current U.S.-China trade war are headwinds in the semiconductor industry. Further, foreign currency fluctuation risks are major concerns." (4/26/2019)
  • 2. Mizuho analysts commented, "We believe N-T memory capex pushouts, market share and EUV could be headwinds." (4/25/2019)
  • 3. Needham & Company LLC analysts commented, "Lam Research reported better than expected F2Q19 results and provided F3Q19 guidance in-line with our estimates. LRCX now expects WFE to decline by a mid- to high-teen percentage in CY19 to ~$42-$43bn and to be C1H19-weighted driven by increased logic and foundry spending and decreased memory spending. Most importantly, LRCX does not expect memory spending to recover in 2019. While we remain buyers of LRCX given its valuation, exposure to multiple growth drivers and its position to benefit as memory spending returns, we are modestly reducing our FY20 and FY21 estimates and acknowledge it may take a little longer for memory spending to recover." (1/24/2019)

Has Lam Research been receiving favorable news coverage?

News coverage about LRCX stock has been trending negative this week, according to InfoTrie. The research firm identifies positive and negative media coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Lam Research earned a news impact score of -2.9 on InfoTrie's scale. They also gave press coverage about the semiconductor company a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an effect on the company's share price in the near future. View News Stories for Lam Research.

Are investors shorting Lam Research?

Lam Research saw a decrease in short interest in August. As of August 31st, there was short interest totalling 6,268,000 shares, a decrease of 11.7% from the July 31st total of 7,100,100 shares. Based on an average trading volume of 1,820,000 shares, the short-interest ratio is currently 3.4 days. Currently, 4.4% of the company's shares are short sold. View Lam Research's Current Options Chain.

Who are some of Lam Research's key competitors?

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), Broadcom (AVGO), Boeing (BA), Adobe (ADBE), Intel (INTC) and Cisco Systems (CSCO).

Who are Lam Research's key executives?

Lam Research's management team includes the folowing people:
  • Mr. Timothy M. Archer, Pres, CEO & Director (Age 52)
  • Mr. Douglas R. Bettinger, Exec. VP, CFO & Chief Accounting Officer (Age 52)
  • Dr. Richard A. Gottscho, Exec. VP & Corp. CTO (Age 67)
  • Dr. Scott G. Meikle, Sr. VP of Global Customer Operations (Age 55)
  • Tina Correia, Corp. VP of Investor Relations & Communications

Who are Lam Research's major shareholders?

Lam Research's stock is owned by a variety of of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (7.89%), BlackRock Inc. (7.60%), BlackRock Inc. (7.60%), Janus Henderson Group PLC (3.62%), LSV Asset Management (1.87%) and Bank of New York Mellon Corp (1.77%). Company insiders that own Lam Research stock include Abhijit Y Talwalkar, Christine Heckart, Kevin Jennings, Martin B Anstice, Michael R Cannon, Patrick J Lord, Richard A Gottscho, Sarah A O'dowd, Seshasayee Varadarajan, Stephen G Newberry, Timothy Archer and Vahid Vahedi. View Institutional Ownership Trends for Lam Research.

Which major investors are selling Lam Research stock?

LRCX stock was sold by a variety of institutional investors in the last quarter, including Price T Rowe Associates Inc. MD, Morgan Stanley, LSV Asset Management, Marshall Wace North America L.P., Swedbank, Bank of New York Mellon Corp, Westwood Holdings Group Inc. and American International Group Inc.. Company insiders that have sold Lam Research company stock in the last year include Abhijit Y Talwalkar, Christine Heckart, Kevin Jennings, Patrick J Lord, Richard A Gottscho, Sarah A O'dowd, Seshasayee Varadarajan and Vahid Vahedi. View Insider Buying and Selling for Lam Research.

Which major investors are buying Lam Research stock?

LRCX stock was purchased by a variety of institutional investors in the last quarter, including Nuveen Asset Management LLC, Lansdowne Partners UK LLP, AQR Capital Management LLC, BlackRock Inc., BlackRock Inc., First Trust Advisors LP, UBS Asset Management Americas Inc. and Bank of Montreal Can. View Insider Buying and Selling for Lam Research.

How do I buy shares of 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.

What is Lam Research's stock price today?

One share of LRCX stock can currently be purchased for approximately $236.99.

How big of a company is Lam Research?

Lam Research has a market capitalization of $34.25 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.

What is Lam Research's official website?

The official website for Lam Research is http://www.lamresearch.com/.

How can I contact Lam Research?

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]


MarketBeat Community Rating for Lam Research (NASDAQ LRCX)

Community Ranking:  3.4 out of 5 (star star star)
Outperform Votes:  1,164 (Vote Outperform)
Underperform Votes:  528 (Vote Underperform)
Total Votes:  1,692
MarketBeat's community ratings are surveys of what our community members think about Lam Research and other stocks. Vote "Outperform" if you believe LRCX will outperform the S&P 500 over the long term. Vote "Underperform" if you believe LRCX will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 9/20/2019 by MarketBeat.com Staff

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