NASDAQ:LRCXLam Research Stock Price, Forecast & News

$258.28

-8.47 (-3.18 %)

(As of 04/10/2020 07:36 AM ET)

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Today's Range

$255.76

Now: $258.28▼

$277.42

50-Day Range

$187.89

MA: $261.83▼

$333.85

52-Week Range

$171.04

Now: $258.28▼

$344.32

Volume2.58 million shs

Average Volume2.89 million shs

Market Capitalization$37.59 billion

P/E Ratio19.13

Dividend Yield1.72%

Beta1.5

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. It also provides Flex for dielectric etch applications; Kiyo for conductor etch applications; Syndion for through-silicon via etch applications; and Versys metal products for metal etch processes. In addition, the company offers Coronus bevel clean products to enhance die yield; and Da Vinci, DV-Prime, EOS, SP to address a range of wafer cleaning. Further, it provides Metryx mass metrology systems for high aspect ratio etch, conformal and ALD/sidewall deposition, horizontal processing, film density monitoring, carbon mask open, and wafer cleaning/polymer removal applications; and legacy products. Lam Research Corporation was founded in 1980 and is headquartered in Fremont, California.

Beat the Market (BTM) Rank^™

3.4 Analyst's Opinion

Consensus Rating
Lam Research has received a consensus rating of Buy. The company's average rating score is 2.74, and is based on 17 buy ratings, 6 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $300.95, Lam Research has a potential upside of 16.5% from its current price of $258.28.
Amount of Analyst Coverage
Lam Research has been the subject of 19 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

3.4 Community Rank

Outperform Votes
Lam Research has received 1,228 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Lam Research has received 576 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Lam Research has received 68.07% “outperform” votes from our community.

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.

4.2 Dividend Strength

Dividend Leadership
Lam Research is a leading dividend payer. It pays a dividend yield of 1.72%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Lam Research has been increasing its dividend for 5 years.
Dividend Coverage
The dividend payout ratio of Lam Research is 31.62 %. 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 24.72 % next year. This indicates that Lam Research will be able to sustain or increase its dividend.

1.0 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 $3,847,246.00 in company stock.
Percentage Held by Insiders
Only 0.43% of the stock of Lam Research is held by insiders.
Percentage Held by Institutions
86.57% of the stock of Lam Research is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9 Earnings and Valuation

Earnings Growth
Earnings for Lam Research are expected to grow by 21.08% in the coming year, from $15.37 to $18.61 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Lam Research is 19.13, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 11.30.
Price to Earnings Ratio vs. Sector
The P/E ratio of Lam Research is 19.13, 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 29.21.
Price to Earnings Growth Ratio
Lam Research has a PEG Ratio of 1.50. 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 8.20. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

2.76 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NASDAQ

Industry Special industry machinery, not elsewhere classified

Sub-IndustrySemiconductor Equipment

SectorComputer and Technology

Current SymbolNASDAQ:LRCX

Previous Symbol

CUSIP51280710

CIK707549

Webhttp://www.lamresearch.com/

Phone510-572-0200

Debt

Debt-to-Equity Ratio0.86

Current Ratio3.30

Quick Ratio2.70

Price-To-Earnings

Trailing P/E Ratio19.13

Forward P/E Ratio16.80

P/E Growth1.5

Sales & Book Value

Annual Sales$9.65 billion

Price / Sales3.89

Cash Flow$17.07 per share

Price / Cash Flow15.13

Book Value$31.50 per share

Price / Book8.20

Profitability

EPS (Most Recent Fiscal Year)$14.55

Net Income$2.19 billion

Net Margins21.67%

Return on Equity45.72%

Return on Assets18.10%

Miscellaneous

Employees10,700

Outstanding Shares145,550,000

Market Cap$37.59 billion

Next Earnings Date4/22/2020 (Estimated)

OptionableOptionable

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Lam Research (NASDAQ:LRCX) Frequently Asked Questions

How has Lam Research's stock been impacted by COVID-19 (Coronavirus)?

Lam Research's stock was trading at $276.63 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, LRCX shares have decreased by 6.6% and is now trading at $258.28. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Lam Research?

23 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Lam Research in the last year. There are currently 6 hold ratings and 17 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Lam Research.

When is Lam Research's next earnings date?

Lam Research is scheduled to release its next quarterly earnings announcement on Wednesday, April 22nd 2020. View our earnings forecast for Lam Research.

How were Lam Research's earnings last quarter?

Lam Research Co. (NASDAQ:LRCX) announced its earnings results on Wednesday, January, 29th. The semiconductor company reported $4.01 earnings per share for the quarter, topping the Zacks' consensus estimate of $3.85 by $0.16. The semiconductor company earned $2.58 billion during the quarter, compared to the consensus estimate of $2.51 billion. Lam Research had a return on equity of 45.72% and a net margin of 21.67%. The firm's revenue was up 19.3% on a year-over-year basis. During the same period last year, the company earned $3.87 EPS. View Lam Research's earnings history.

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

Lam Research declared a quarterly dividend on Friday, February 21st. Shareholders of record on Wednesday, March 25th will be paid a dividend of $1.15 per share on Wednesday, April 8th. This represents a $4.60 dividend on an annualized basis and a yield of 1.78%. The ex-dividend date of this dividend is Tuesday, March 24th. View Lam Research's dividend history.

How will Lam Research's stock buyback program work?

Lam Research announced that its board has initiated a share repurchase plan on Wednesday, January 23rd 2019, which authorizes the company to buyback $5,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to purchase up to 23% of its stock through open market purchases. Stock buyback plans are generally a sign that the company's management believes its shares are undervalued.

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

Lam Research updated its third quarter earnings guidance on Wednesday, January, 29th. The company provided earnings per share guidance of $4.15-4.95 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.48. The company issued revenue guidance of $2.6-3.0 billion, compared to the consensus revenue estimate of $2.57 billion.

What price target have analysts set for LRCX?

23 Wall Street analysts have issued twelve-month price targets for Lam Research's stock. Their forecasts range from $210.00 to $400.00. On average, they expect Lam Research's share price to reach $300.95 in the next twelve months. This suggests a possible upside of 16.5% from the stock's current price. View analysts' price targets 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 continues to ride on the back of robust equipment demand and solid execution. Moreover, rising adoption of 3D architectures remains positive. It continues to drive the performance of the company’s non-memory segments. Further, advanced packaging technology inflections are acting as tailwinds. Also, both etch and deposition technologies are expected to expand the company’s serviceable addressable market. 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 outperformed the industry it belongs to over the past year. However, cyclicality, the ongoing U.S.-China trade war and foreign currency fluctuations remain major headwinds." (3/31/2020)
2. Mizuho analysts commented, "We believe N-T memory capex pushouts, market share and EUV could be headwinds." (4/25/2019)

Has Lam Research been receiving favorable news coverage?

Press coverage about LRCX stock has been trending very negative recently, according to InfoTrie Sentiment Analysis. InfoTrie identifies positive and negative press coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Lam Research earned a coverage optimism score of -3.3 on InfoTrie's scale. They also gave press coverage about the semiconductor company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the stock's share price in the immediate future. View the latest news aboutLam Research.

Are investors shorting Lam Research?

Lam Research saw a increase in short interest in the month of March. As of March 13th, there was short interest totaling 3,861,800 shares, an increase of 11.6% from the February 27th total of 3,460,000 shares. Based on an average trading volume of 2,265,000 shares, the days-to-cover ratio is presently 1.7 days. Currently, 2.7% of the shares of the stock are short sold. View Lam Research's Current Options Chain.

Who are some of Lam Research's key competitors?

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), Amkor Technology (AMKR), Advanced Energy Industries (AEIS), FormFactor (FORM), Nanometrics (ONTO), Xperi (XPER), Photronics (PLAB), Ultra Clean (UCTT) and Axcelis Technologies (ACLS).

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

Who are Lam Research's key executives?

Lam Research's management team includes the following 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

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 many different institutional and retail investors. Top institutional shareholders include M&G Investment Management Ltd. (0.05%), State of Alaska Department of Revenue (0.03%), McGuire Investment Group LLC (0.03%), Neville Rodie & Shaw Inc. (0.03%), CHURCHILL MANAGEMENT Corp (0.01%) and IFM Investors Pty Ltd (0.01%). Company insiders that own Lam Research stock include Abhijit Y Talwalkar, Christine Heckart, Douglas R Bettinger, Kevin Jennings, Mansy Youssef A El, Martin B Anstice, 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.

Which major investors are selling Lam Research stock?

LRCX stock was sold by a variety of institutional investors in the last quarter, including Sanders Morris Harris LLC, Pensionfund DSM Netherlands, Cypress Capital Group, IFM Investors Pty Ltd, E&G Advisors LP, Neville Rodie & Shaw Inc., Private Trust Co. NA, and American National Bank. 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.

Which major investors are buying Lam Research stock?

LRCX stock was purchased by a variety of institutional investors in the last quarter, including M&G Investment Management Ltd., CHURCHILL MANAGEMENT Corp, State of Alaska Department of Revenue, IBM Retirement Fund, Lake Street Financial LLC, Nelson Van Denburg & Campbell Wealth Management Group LLC, Carolina Wealth Advisors LLC, and 180 Wealth Advisors LLC. View insider buying and selling activity 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 $258.28.

How big of a company is Lam Research?

Lam Research has a market capitalization of $37.59 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]

This page was last updated on 4/10/2020 by MarketBeat.com Staff