Lam Research - LRCX Stock Forecast, Price & News

19 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Lam Research in the last twelve months. There are currently 11 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" LRCX shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in LRCX, but not buy additional shares or sell existing shares.
View LRCX analyst ratings or view top-rated stocks.

19 analysts have issued 1 year target prices for Lam Research's shares. Their LRCX share price forecasts range from $450.00 to $840.00. On average, they expect the company's stock price to reach $613.32 in the next twelve months. This suggests a possible upside of 21.9% from the stock's current price.
View analysts price targets for LRCX or view top-rated stocks among Wall Street analysts.

Lam Research's stock was trading at $719.15 at the beginning of the year. Since then, LRCX shares have decreased by 30.0% and is now trading at $503.32.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 19th 2022.
View our LRCX earnings forecast.

Lam Research Co. (NASDAQ:LRCX) announced its quarterly earnings data on Wednesday, July, 27th. The semiconductor company reported $8.83 EPS for the quarter, topping the consensus estimate of $7.30 by $1.53. The semiconductor company had revenue of $4.64 billion for the quarter, compared to analysts' expectations of $4.21 billion. Lam Research had a net margin of 26.73% and a trailing twelve-month return on equity of 75.71%. The business's revenue for the quarter was up 11.8% on a year-over-year basis. During the same period in the previous year, the business earned $8.09 earnings per share.
Read the conference call transcript.

Lam Research declared a quarterly dividend on Wednesday, May 11th. Stockholders of record on Wednesday, June 15th will be paid a dividend of $1.50 per share on Wednesday, July 6th. This represents a $6.00 dividend on an annualized basis and a dividend yield of 1.19%. The ex-dividend date is Tuesday, June 14th.
Read our dividend analysis for LRCX.

Lam Research (NASDAQ:LRCX) pays an annual dividend of $6.00 per share and currently has a dividend yield of 1.28%. The company has been increasing its dividend for 7 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio is 18.32%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, LRCX will have a dividend payout ratio of 16.68% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for LRCX.

Lam Research issued an update on its first quarter 2023 earnings guidance on Thursday, August, 4th. The company provided earnings per share (EPS) guidance of $8.75-$10.25 for the period, compared to the consensus EPS estimate of $8.82. The company issued revenue guidance of $4.60 billion-$5.20 billion, compared to the consensus revenue estimate of $4.63 billion.

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.

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).

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

Lam Research's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Van ECK Associates Corp (0.77%), Pictet Asset Management SA (0.63%), Maj Invest Holding A S (0.48%), Swiss National Bank (0.44%), Sumitomo Mitsui Trust Holdings Inc. (0.34%) and Victory Capital Management Inc. (0.31%). Insiders that own company stock include Catherine P Lego, Douglas R Bettinger, Douglas R Bettinger, Jaynie M Studenmund, Kevin Jennings, Leslie F Varon, Mansy Youssef A El, Patrick J Lord, Richard A Gottscho, Richard A Gottscho, Sarah A O'dowd, Scott Gerald Meikle, Seshasayee Varadarajan, Timothy Archer, Timothy Archer and Vahid Vahedi.
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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.
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One share of LRCX stock can currently be purchased for approximately $503.32.

Lam Research (NASDAQ:LRCX) has a market capitalization of $69.82 billion and generates $17.23 billion in revenue each year. The semiconductor company earns $4.61 billion in net income (profit) each year or $32.75 on an earnings per share basis.

The company employs 14,100 workers across the globe.

Lam Research was founded in 1980.

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.