Lam Research (LRCX) Stock Price, News & Analysis

Company Overview

Lam Research Corporation is a leading supplier of wafer fabrication equipment and services to the global semiconductor industry. The company’s products and solutions enable the manufacture of integrated circuits by performing critical processes such as etch, deposition, clean, and inspection. Lam’s platforms are used in advanced logic and memory chip production, helping semiconductor manufacturers achieve higher yield, faster cycle times, and more precise patterning of microelectronic features.

Founded in 1980 by David K. Lam, the company was one of the first to commercialize plasma etch technology, a cornerstone of modern chip fabrication. Over the ensuing decades, Lam Research has expanded its portfolio through organic development and targeted acquisitions, broadening its capabilities in areas such as atomic layer deposition (ALD), chemical vapor deposition (CVD), electrochemical deposition, and wafer cleaning. These technologies address the escalating complexity of semiconductor designs, from leading-edge logic nodes to high-density memory architectures.

Headquartered in Fremont, California, Lam Research serves customers in North America, Europe, and the Asia-Pacific region, including key manufacturing hubs in Taiwan, South Korea, China, and Japan. Its global footprint encompasses manufacturing facilities, service centers, and R&D labs that support a broad base of foundries and integrated device manufacturers. By maintaining a close partnership model, the company collaborates with chipmakers to tailor process solutions that meet specific performance, cost, and environmental requirements.

Under the leadership of President and CEO Timothy Archer, Lam Research continues to invest in research and development to address the challenges of next-generation semiconductor architectures. The company’s management team emphasizes operational excellence, supply-chain resilience, and sustainability initiatives, reflecting its commitment to innovation and responsible manufacturing. Through ongoing technology road-mapping and customer engagement, Lam Research aims to play a pivotal role in advancing the capabilities of the semiconductor industry.

Key Stats

• Today's Range: $100.68 to $103.01
• 50-Day Range: $94.84 to $107.38
• 52-Week Range: $56.32 to $108.02
• Volume: 8.14 million shs
• Average Volume: 10.78 million shs
• Market Capitalization: $130.30 billion
• P/E Ratio: 24.75
• Dividend Yield: 0.89%
• Price Target: $107.22
• Consensus Rating: Moderate Buy

Lam Research Stock Analysis - MarketRank™

Lam Research scored higher than 89% of companies evaluated by MarketBeat, and ranked 128th out of 647 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.7 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Lam Research has received a consensus rating of Moderate Buy. The company's average rating score is 2.70, and is based on 20 buy ratings, 6 hold ratings, and 1 sell rating.

Upside/Downside

The consensus price target for Lam Research is close to its current price, suggesting limited near-term upside or downside.

Amount of Analyst Coverage

Lam Research has been the subject of 18 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 1.35%

Earnings Growth

Earnings for Lam Research are expected to grow by 1.35% in the coming year, from $3.71 to $3.76 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Lam Research is 24.75, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 278.13.

Price to Earnings Ratio vs. Sector

The P/E ratio of Lam Research is 24.75, 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 440.22.

Price to Earnings Growth Ratio

Lam Research has a PEG Ratio of 1.32. 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 13.35. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

2.70% of the outstanding shares of Lam Research have been sold short.

Short Interest Ratio / Days to Cover

Lam Research has a short interest ratio ("days to cover") of 3.1, 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 18.42%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 3.3 / 5
• Dividend Strength: Strong

Dividend Yield

Lam Research has a dividend yield of 0.89%, which is in the bottom 25% of all stocks that pay dividends.

Dividend Growth

Lam Research has been increasing its dividend for 10 years.

Dividend Coverage

The dividend payout ratio of Lam Research is 22.12%. 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 24.47% next year. This indicates that Lam Research will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 2.5 / 5
• Environmental Score: -0.64

Percentage of Shares Shorted

2.70% of the outstanding shares of Lam Research have been sold short.

Short Interest Ratio / Days to Cover

Lam Research has a short interest ratio ("days to cover") of 3.1, 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 18.42%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 3.5 / 5
• News Sentiment: 1.24

News Sentiment

Lam Research has a news sentiment score of 1.24. 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 0.75 average news sentiment score of Computer and Technology companies.

News Coverage This Week

MarketBeat has tracked 50 news articles for Lam Research this week, compared to 53 articles on an average week.

Search Interest

103 people have searched for LRCX on MarketBeat in the last 30 days. This is an increase of 3% compared to the previous 30 days.

MarketBeat Follows

49 people have added Lam Research to their MarketBeat watchlist in the last 30 days. This is an increase of 4% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Lam Research insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 0.29% of the stock of Lam Research is held by insiders.

Percentage Held by Institutions

84.61% of the stock of Lam Research is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

LRCX Stock Analysis - Frequently Asked Questions

How have LRCX shares performed this year?

Lam Research's stock was trading at $72.23 at the start of the year. Since then, LRCX shares have increased by 42.5% and is now trading at $102.95.

How were Lam Research's earnings last quarter?

Lam Research Corporation (NASDAQ:LRCX) posted its earnings results on Wednesday, July, 30th. The semiconductor company reported $1.33 EPS for the quarter, topping analysts' consensus estimates of $1.21 by $0.12. Lam Research's revenue was up 33.6% compared to the same quarter last year.
Read the conference call transcript.

When did Lam Research's stock split?

Shares of Lam Research split before market open on Thursday, October 3rd 2024.The 10-1 split was announced on Tuesday, May 21st 2024. The newly issued shares were issued to shareholders after the market closes on Wednesday, October 2nd 2024. An investor that had 100 shares of stock prior to the split would have 1,000 shares after the split.

Is Lam Research buying back stock?

Lam Research's board approved a share repurchase plan on Tuesday, May 21st 2024, which permits the company to buy back $10,000,000,000 in shares, according to EventVestor. This means that the company could purchase up to 8.1% of its stock through open market purchases. Stock buyback plans are generally an indication that the company's management believes its shares are undervalued.

Does Lam Research have any subsidiaries?

Lam Research subsidiaries include Coventor, Novellus Systems, Straatum Processware, SEZ, Bullen Semiconductor, Coventor Inc., Coventor Korea Limited, and more.

Who are Lam Research's major shareholders?

Top institutional shareholders of Lam Research include Vanguard Group Inc. (10.21%), State Street Corp (4.71%), JPMorgan Chase & Co. (3.18%) and Geode Capital Management LLC (2.64%). Insiders that own company stock include Douglas R Bettinger, Timothy Archer, Timothy Archer, Richard A Gottscho, Vahid Vahedi, Seshasayee Varadarajan, Abhijit Y Talwalkar, George M Schisler, Christina Corrreia, Neil J Fernandes, Patrick J Lord, Ava Hahn, Sohail U Ahmed and Christina Correia.
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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.

What other stocks do shareholders of Lam Research own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Lam Research investors own include Broadcom (AVGO), BlackRock (BLK), NVIDIA (NVDA), UnitedHealth Group (UNH), ServiceNow (NOW), Meta Platforms (META) and The Goldman Sachs Group (GS).

Company Calendar

• Record date for 7/9 Dividend: 6/18/2025
• Ex-Dividend for 7/9 Dividend: 6/18/2025
• Dividend Payable: 7/09/2025
• Last Earnings: 7/30/2025
• Today: 9/07/2025
• Record date for 10/15 Dividend: 9/24/2025
• Ex-Dividend for 10/15 Dividend: 9/24/2025
• Dividend Payable: 10/15/2025
• Next Earnings (Estimated): 10/22/2025
• Fiscal Year End: 6/30/2026

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Computer and Technology
• Industry: ELEC COMP - SEMIC
• Sub-Industry: Semiconductor Equipment
• Current Symbol: NASDAQ:LRCX
• CIK: 707549
• Web: www.lamresearch.com
• Phone: (510) 572-0200
• Fax: 510-572-6454
• Employees: 19,000
• Year Founded: 1980

Price Target and Rating

• Average Price Target for Lam Research: $107.22
• High Price Target: $125.00
• Low Price Target: $70.00
• Potential Upside/Downside: +4.1%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.70
• Research Coverage: 27 Analysts

Profitability

• EPS (Trailing Twelve Months): $4.16
• Trailing P/E Ratio: 24.75
• Forward P/E Ratio: 27.75
• P/E Growth: 1.32
• Net Income: $5.36 billion
• Net Margins: 29.07%
• Pretax Margin: 32.32%
• Return on Equity: 58.17%
• Return on Assets: 26.42%

Debt

• Debt-to-Equity Ratio: 0.38
• Current Ratio: 2.21
• Quick Ratio: 1.55

Sales & Book Value

• Annual Sales: $18.44 billion
• Price / Sales: 7.07
• Cash Flow: $4.47 per share
• Price / Cash Flow: 23.04
• Book Value: $7.71 per share
• Price / Book: 13.35

Miscellaneous

• Outstanding Shares: 1,265,620,000
• Free Float: 1,261,951,000
• Market Cap: $130.30 billion
• Optionable: Optionable
• Beta: 1.76