NASDAQ:LRCX - Lam Research Stock Price, Price Target & More

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

Lam Research declared a quarterly dividend on Thursday, May 17th. Investors of record on Wednesday, June 6th will be paid a dividend of $1.10 per share on Wednesday, June 27th. This represents a $4.40 annualized dividend and a dividend yield of 2.25%. The ex-dividend date is Tuesday, June 5th. This is a boost from Lam Research's previous quarterly dividend of $0.50. View Lam Research's Dividend History.

Lam Research declared that its board has approved a stock buyback program on Wednesday, March 7th 2018, which permits the company to buyback $2,000,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to buy shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company's board of directors believes its stock is undervalued.

Lam Research (NASDAQ:LRCX) issued its quarterly earnings results on Tuesday, April, 17th. The semiconductor company reported $4.79 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.38 by $0.41. The semiconductor company had revenue of $2.89 billion for the quarter, compared to analysts' expectations of $2.85 billion. Lam Research had a return on equity of 41.13% and a net margin of 18.32%. The firm's revenue was up 34.3% on a year-over-year basis. During the same period in the prior year, the business earned $3.10 EPS. View Lam Research's Earnings History.

Lam Research is scheduled to release their next quarterly earnings announcement on Wednesday, July, 25th 2018. View Earnings Estimates for Lam Research.

Lam Research updated its fourth quarter earnings guidance on Tuesday, April, 17th. The company provided earnings per share (EPS) guidance of $4.80-$5.20 for the period, compared to the Thomson Reuters consensus EPS estimate of $4.65. The company issued revenue guidance of $2.95-$3.25 billion, compared to the consensus revenue estimate of $2.94 billion.

22 equities research analysts have issued 12 month price targets for Lam Research's shares. Their predictions range from $200.00 to $305.00. On average, they anticipate Lam Research's stock price to reach $258.4652 in the next year. View Analyst Ratings for Lam Research.

Lam Research saw a increase in short interest in April. As of April 30th, there was short interest totalling 11,953,882 shares, an increase of 26.1% from the April 13th total of 9,476,345 shares. Based on an average daily trading volume, of 4,743,716 shares, the days-to-cover ratio is currently 2.5 days. Approximately 7.3% of the shares of the company are sold short.

Some companies that are related to Lam Research include ASML (ASML), Wärtsilä (WRTBY), IHI Corp/ADR (IHICY), Sumitomo Heavy Industries (SOHVY), ASM International (ASMIY), Bodycote (BYPLF), Brooks Automation (BRKS), Milacron (MCRN), Veeco (VECO), Axcelis Technologies (ACLS), Energy Recovery (ERII), Manitex International (MNTX), ACM Research (ACMR), Amtech Systems (ASYS) and Intevac (IVAC).

Headlines about LRCX stock have been trending somewhat positive this week, Accern Sentiment reports. Accern identifies negative and positive media coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Lam Research earned a media sentiment score of 0.18 on Accern's scale. They also gave headlines about the semiconductor company an impact score of 45.27 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock's share price in the immediate future.

Lam Research's stock is owned by a number of of institutional and retail investors. Top institutional investors include BlackRock Inc. (6.80%), LSV Asset Management (1.49%), PointState Capital LP (1.13%), Franklin Resources Inc. (0.74%), Dimensional Fund Advisors LP (0.72%) and Millennium Management LLC (0.71%). Company insiders that own Lam Research stock include Christine Heckart, Douglas R Bettinger, Mansy Youssef A El, Martin B Anstice, Michael R Cannon, Patrick J Lord, Richard A Gottscho, Sarah A O'dowd, Seshasayee Varadarajan, Stephen G Newberry and Timothy Archer. View Institutional Ownership Trends for Lam Research.

LRCX stock was sold by a variety of institutional investors in the last quarter, including Thrivent Financial for Lutherans, Old Mutual Global Investors UK Ltd., American Century Companies Inc., Dimensional Fund Advisors LP, Schroder Investment Management Group, BlackRock Inc., KBC Group NV and Cypress Funds LLC. Company insiders that have sold Lam Research company stock in the last year include Martin B Anstice, Michael R Cannon, Patrick J Lord, Richard A Gottscho, Sarah A O'dowd, Seshasayee Varadarajan, Stephen G Newberry and Timothy Archer. View Insider Buying and Selling for Lam Research.

LRCX stock was purchased by a variety of institutional investors in the last quarter, including PointState Capital LP, Swedbank, Artisan Partners Limited Partnership, Millennium Management LLC, Boussard & Gavaudan Investment Management LLP, Point72 Asset Management L.P., LSV Asset Management and CI Investments Inc.. View Insider Buying and Selling 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, Scottrade, Fidelity and Charles Schwab.

One share of LRCX stock can currently be purchased for approximately $195.49.

Lam Research has a market capitalization of $32.07 billion and generates $8.01 billion in revenue each year. The semiconductor company earns $1.70 billion in net income (profit) each year or $9.98 on an earnings per share basis. Lam Research employs 9,400 workers across the globe.

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]