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Lam Research (LRCX) Stock Price, News & Analysis

$1,089.58
+19.84 (+1.85%)
(As of 06/18/2024 ET)
Today's Range
$1,068.65
$1,101.81
50-Day Range
$868.07
$1,089.58
52-Week Range
$574.42
$1,101.81
Volume
1.10 million shs
Average Volume
919,646 shs
Market Capitalization
$142.45 billion
P/E Ratio
40.07
Dividend Yield
0.73%
Price Target
$970.57

Lam Research MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.70 Rating Score
Upside/​Downside
10.9% Downside
$970.57 Price Target
Short Interest
Healthy
1.95% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-0.64
Upright™ Environmental Score
News Sentiment
0.16mentions of Lam Research in the last 14 days
Based on 7 Articles This Week
Insider Trading
Selling Shares
$1.90 M Sold Last Quarter
Proj. Earnings Growth
18.94%
From $29.67 to $35.29 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.28 out of 5 stars

Computer And Technology Sector

130th out of 585 stocks

Special Industry Machinery, Not Elsewhere Classified Industry

2nd out of 12 stocks

LRCX stock logo

About Lam Research Stock (NASDAQ:LRCX)

Lam Research Corporation is a semiconductor equipment manufacturer headquartered in Fremont, California. Founded in 1980, the company specializes in designing, manufacturing, and servicing equipment fabricating integrated circuits. Lam Research's products enable the production of advanced memory and logic chips used in various electronic devices, including smartphones, tablets, and computers.

The company has a global presence, manufacturing facilities and sales offices in North America, Europe, and Asia. Over the years, Lam Research has received several awards and recognitions for its innovative products, including the 2020 IEEE Corporate Innovation Award for its leadership in advancing the semiconductor industry.

Lam Research's leadership team is led by Tim Archer, who serves as the President and CEO. Mr. Archer joined the company in 2012 and has been instrumental in driving the company's growth and success. Under his leadership, Lam Research has expanded its product portfolio, strengthened its global footprint, and improved its operational efficiency.

Other key company management team members include Doug Bettinger, Chief Financial Officer, and Richard Gottscho, appointed Chief Technical Officer in 2023. 

Lam Research has seen continued growth in revenue and profitability over the past few years. The company has also returned value to shareholders through dividends and share repurchases. The company's cash flow could be a concerning issue. Lam Research has seen strong performance in the stock market in recent years. 

Lam Research operates in the semiconductor equipment industry, which has grown enormously recently. The increasing demand for advanced electronic devices, such as smartphones and other connected devices, drives the industry. However, the industry is also subject to cyclical trends, with demand for semiconductor equipment closely tied to the overall health of the global economy.

Lam Research faces competition from other semiconductor equipment manufacturers, including Applied Materials, ASML, and Tokyo Electron. The industry is also subject to regulatory and political risks, particularly in trade policy and export controls.

Lam Research has several growth opportunities in the coming years. The company is investing in research and development to create new and innovative products that will enable the continued growth of the semiconductor industry. Lam Research also expands its presence in key growth markets, such as China, where it invests in new manufacturing facilities and research centers.

Another growth opportunity for Lam Research is advanced memory technologies, such as 3D NAND and DRAM. These technologies are critical for developing high-performance computing and data storage applications, and Lam Research's expertise in this area positions the company well to capitalize on this growth opportunity.

Lam Research is also focused on expanding its service business, which provides ongoing maintenance and support to customers' equipment. This business offers a stable revenue source and helps build long-term customer relationships.

One of the main risks facing Lam Research is the cyclical nature of the semiconductor industry. Demand for semiconductor equipment can be highly volatile, and the industry is subject to fluctuations in the global economy. If demand for electronic devices declined, it could significantly impact Lam Research's revenue and profitability.

The semiconductor industry is also subject to intense competition, with many established players and new entrants vying for market share. Lam Research must continue to innovate and invest in new products and technologies to remain competitive.

Another risk facing Lam Research is the potential for regulatory and political challenges. The company operates in a highly regulated industry, and changes in export controls or trade policy could impact its ability to do business in specific markets.

While there are risks and challenges facing the company, Lam Research's focus on research and development, expansion into key growth markets, and investment in its service business should help to mitigate these risks and drive long-term growth and profitability. As such, Lam Research may be an investment opportunity for investors seeking to gain semiconductor industry exposure.

LRCX Stock Price History

LRCX Stock News Headlines

Lam Research (NASDAQ:LRCX) Price Target Raised to $1,100.00
[Urgent] Protect your money before November
Those who listened to his warnings could have kept their money safe and even made substantial profits during each crisis. In fact, the Wall Street Journal reported that his work was more accurate … and more profitable than that of … Deutsche Bank … Merrill Lynch … JPMorgan Chase … Goldman Sachs … and every other firm reviewed.
Lam Research Co. Announces Quarterly Dividend of $2.00 (NASDAQ:LRCX)
Lam Research (NASDAQ:LRCX) Cut to "Hold" at StockNews.com
[Urgent] Protect your money before November
Those who listened to his warnings could have kept their money safe and even made substantial profits during each crisis. In fact, the Wall Street Journal reported that his work was more accurate … and more profitable than that of … Deutsche Bank … Merrill Lynch … JPMorgan Chase … Goldman Sachs … and every other firm reviewed.
LRCX May 2024 1010.000 call
See More Headlines
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Company Calendar

Ex-Dividend for 4/3 Dividend
3/12/2024
Dividend Payable
4/03/2024
Last Earnings
4/24/2024
Today
6/18/2024
Ex-Dividend for 7/10 Dividend
6/18/2024
Fiscal Year End
6/30/2024
Dividend Payable
7/10/2024
Next Earnings (Estimated)
7/24/2024

Industry, Sector and Symbol

Industry
Special industry machinery, not elsewhere classified
Sub-Industry
Semiconductor Equipment
Current Symbol
NASDAQ:LRCX
CUSIP
51280710
Employees
17,200
Year Founded
1980

Price Target and Rating

Average Stock Price Target
$970.57
High Stock Price Target
$1,200.00
Low Stock Price Target
$550.00
Potential Upside/Downside
-10.9%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.70
Research Coverage
20 Analysts

Profitability

Net Income
$4.51 billion
Pretax Margin
28.58%

Debt

Sales & Book Value

Annual Sales
$17.43 billion
Cash Flow
$39.03 per share
Book Value
$61.12 per share

Miscellaneous

Free Float
130,323,000
Market Cap
$142.45 billion
Optionable
Optionable
Beta
1.46

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Should I Buy Lam Research Stock? LRCX Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in Lam Research Co.:

  • Lam Research Co. has shown consistent revenue growth over the past few quarters, indicating a strong financial performance.
  • The company has a solid track record of innovation, particularly in the semiconductor industry, which could lead to sustained competitive advantage.
  • With a low P/E ratio compared to industry peers, Lam Research Co. stock may be considered undervalued, presenting a potential buying opportunity.
  • Recent product launches, such as the Lam Research Co. 2022 series, have received positive reviews and are expected to drive future revenue growth.
  • The current stock price of Lam Research Co. is trading near its 52-week low, offering a favorable entry point for investors seeking value.

Cons

Investors should be bearish about investing in Lam Research Co. for these reasons:

  • The semiconductor industry is highly cyclical, and any downturn in the market could negatively impact Lam Research Co.'s financial performance.
  • Increased competition from emerging market players could erode Lam Research Co.'s market share and margins over time.
  • Fluctuations in raw material prices, such as silicon and rare earth metals, could affect the company's profitability and cost structure.
  • Geopolitical tensions and trade disputes may disrupt global supply chains, impacting Lam Research Co.'s operations and revenue streams.
  • Changes in government regulations related to technology exports and intellectual property rights could pose risks to Lam Research Co.'s international business operations.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Tuesday, June 4, 2024. Please send any questions or comments about these Lam Research pros and cons to contact@marketbeat.com.

LRCX Stock Analysis - Frequently Asked Questions

Should I buy or sell Lam Research stock right now?

20 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Lam Research in the last year. There are currently 6 hold ratings and 14 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" LRCX shares.
View LRCX analyst ratings
or view top-rated stocks.

What is Lam Research's stock price target for 2024?

20 brokerages have issued 1-year target prices for Lam Research's shares. Their LRCX share price targets range from $550.00 to $1,200.00. On average, they anticipate the company's stock price to reach $970.57 in the next year. This suggests that the stock has a possible downside of 10.9%.
View analysts price targets for LRCX
or view top-rated stocks among Wall Street analysts.

How have LRCX shares performed in 2024?

Lam Research's stock was trading at $783.26 at the start of the year. Since then, LRCX shares have increased by 39.1% and is now trading at $1,089.58.
View the best growth stocks for 2024 here
.

When is Lam Research's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, July 24th 2024.
View our LRCX earnings forecast
.

How were Lam Research's earnings last quarter?

Lam Research Co. (NASDAQ:LRCX) released its quarterly earnings data on Wednesday, April, 24th. The semiconductor company reported $7.79 EPS for the quarter, beating the consensus estimate of $7.26 by $0.53. The semiconductor company earned $3.79 billion during the quarter, compared to analyst estimates of $3.72 billion. Lam Research had a net margin of 25.35% and a trailing twelve-month return on equity of 45.96%. The company's quarterly revenue was down 2.0% on a year-over-year basis. During the same period in the previous year, the business posted $6.99 earnings per share.
Read the conference call transcript
.

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

Lam Research announced a quarterly dividend on Wednesday, May 15th. Investors of record on Tuesday, June 18th will be given a dividend of $2.00 per share on Wednesday, July 10th. This represents a $8.00 annualized dividend and a yield of 0.73%. The ex-dividend date of this dividend is Tuesday, June 18th.
Read our dividend analysis for LRCX
.

Is Lam Research a good dividend stock?

Lam Research (NASDAQ:LRCX) pays an annual dividend of $8.00 per share and currently has a dividend yield of 0.77%. The dividend payout ratio is 29.42%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, LRCX will have a dividend payout ratio of 22.67% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for LRCX.

When did Lam Research's stock split?

Lam Research's stock split on Thursday, October 3rd 2024. The 10-1 split was announced on Tuesday, May 21st 2024. The newly issued shares will be payable 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.

How will Lam Research's stock buyback program work?

Lam Research declared that its board has authorized a share repurchase program on Tuesday, May 21st 2024, which allows the company to buyback $10,000,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to buy up to 8.1% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's board of directors believes its stock is undervalued.

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

Lam Research issued an update on its fourth quarter 2024 earnings guidance on Wednesday, April, 24th. The company provided EPS guidance of 6.750-8.250 for the period, compared to the consensus estimate of 7.330. The company issued revenue guidance of $3.5 billion-$4.1 billion, compared to the consensus revenue estimate of $3.8 billion.

What is Tim Archer's approval rating as Lam Research's CEO?

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.

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), Intel (INTC), Advanced Micro Devices (AMD), Broadcom (AVGO), Salesforce (CRM) and PayPal (PYPL).

Who are Lam Research's major shareholders?

Lam Research's stock is owned by many different institutional and retail investors. Top institutional investors include Vanguard Group Inc. (9.07%), Price T Rowe Associates Inc. MD (2.26%), GQG Partners LLC (1.65%), Janus Henderson Group PLC (1.49%), Bank of New York Mellon Corp (1.04%) and Van ECK Associates Corp (0.74%). Insiders that own company stock include Abhijit Y Talwalkar, Ava Hahn, Catherine P Lego, Christina Corrreia, Douglas R Bettinger, George M Schisler, Patrick J Lord, Richard A Gottscho, Scott Gerald Meikle, Seshasayee Varadarajan, Sohail U Ahmed, Timothy Archer, Timothy Archer and Vahid Vahedi.
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.
Compare Top Brokerages Here.

Does Lam Research have any subsidiaries?
The following companies are subsidiares of Lam Research: Bullen Semiconductor, Coventor, Coventor Inc., Coventor Korea Limited, Coventor Sarl, Lam Research (H.K.) Limited, Lam Research (H.K.) Limited Taiwan Branch, Lam Research (India) Private Limited, Lam Research (Ireland) Limited, Lam Research (Israel) Ltd., Lam Research (Shanghai) Co. Ltd., Lam Research AG, Lam Research B.V., Lam Research Belgium BVBA, Lam Research Capital LLC, Lam Research Capital Ltd., Lam Research Co. Ltd., Lam Research GmbH, Lam Research Holding GmbH, Lam Research Illinois IAG Inc, Lam Research International B.V., Lam Research International Holding Company, Lam Research International Holdings II Ltd., Lam Research International Holdings Ltd., Lam Research International Sdn Bhd., Lam Research International Sàrl, Lam Research Korea LLC YH, Lam Research Korea Limited, Lam Research Korea Technology LLC YH, Lam Research Ltd., Lam Research Luxembourg S.à.r.l., Lam Research Malaysia Sdn. Bhd., Lam Research Management GmbH, Lam Research Manufacturing Korea LLC, Lam Research S.r.l., Lam Research SAS, Lam Research Service Co. Ltd., Lam Research Services Ltd., Lam Research Singapore Pte Ltd., Metryx Ltd., Novellus Systems, Novellus Systems Inc., Novellus Systems International LLC, SEZ, Silfex Inc., SpeedFam-IPEC International Services LLC, and Straatum Processware.
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This page (NASDAQ:LRCX) was last updated on 6/19/2024 by MarketBeat.com Staff

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