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NASDAQ:LRCX

Lam Research (LRCX) Stock Price, News & Analysis

$1,101.61
+13.81 (+1.27%)
(As of 07/8/2024 ET)
Today's Range
$1,085.24
$1,105.86
50-Day Range
$868.10
$1,101.61
52-Week Range
$574.42
$1,105.86
Volume
726,708 shs
Average Volume
871,391 shs
Market Capitalization
$144.02 billion
P/E Ratio
40.52
Dividend Yield
0.73%
Price Target
$981.29

Lam Research MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.70 Rating Score
Upside/​Downside
10.9% Downside
$981.29 Price Target
Short Interest
Healthy
1.78% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-0.64
Upright™ Environmental Score
News Sentiment
0.42mentions of Lam Research in the last 14 days
Based on 8 Articles This Week
Insider Trading
Selling Shares
$16.09 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.

4.70 out of 5 stars

Computer And Technology Sector

41st out of 568 stocks

Special Industry Machinery, Not Elsewhere Classified Industry

1st out of 10 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

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Analysts Set Lam Research Co. (NASDAQ:LRCX) PT at $981.29
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See More Headlines
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Company Calendar

Last Earnings
4/24/2024
Ex-Dividend for 7/10 Dividend
6/18/2024
Today
7/08/2024
Dividend Payable
7/10/2024
Next Earnings (Estimated)
7/24/2024
Fiscal Year End
6/30/2025

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
$981.29
High Stock Price Target
$1,325.00
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
$37.57 per share
Book Value
$61.12 per share

Miscellaneous

Free Float
130,323,000
Market Cap
$144.02 billion
Optionable
Optionable
Beta
1.48

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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 Corporation designs, manufactures, markets, refurbishes, and services semiconductor processing equipment used in the fabrication of integrated circuits. This positions the company at the forefront of technological advancements in the semiconductor industry.

Cons

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

  • Currently, the stock price of Lam Research Co. is relatively high, which may deter some investors looking for lower entry points.
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 Sunday, July 7, 2024. Please send any questions or comments about these Lam Research pros and cons to contact@marketbeat.com.

LRCX Stock Analysis - Frequently Asked Questions

How have LRCX shares performed this year?

Lam Research's stock was trading at $783.26 at the beginning of 2024. Since then, LRCX stock has increased by 40.6% and is now trading at $1,101.61.
View the best growth stocks for 2024 here
.

How were Lam Research's earnings last quarter?

Lam Research Co. (NASDAQ:LRCX) announced its earnings results on Wednesday, April, 24th. The semiconductor company reported $7.79 earnings per share for the quarter, beating the consensus estimate of $7.26 by $0.53. The company's revenue was down 2.0% compared to the same quarter last year.
Read the conference call transcript
.

When did Lam Research's stock split?

Lam Research shares split on Thursday, October 3rd 2024. The 10-1 split was announced on Tuesday, May 21st 2024. The newly minted shares will be distributed 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 of Directors authorized a stock buyback program on Tuesday, May 21st 2024, which permits the company to repurchase $10,000,000,000 in outstanding shares, according to EventVestor. This means that the company could repurchase up to 8.1% of its stock through open market purchases. Stock buyback programs are often an indication that the company's board believes its shares are undervalued.

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.

Does Lam Research have any subsidiaries?

The following companies are subsidiaries of Lam Research: Coventor, Novellus Systems, Straatum Processware, SEZ, Bullen Semiconductor, Coventor Inc., Coventor Korea Limited, and others.

Who are Lam Research's major shareholders?

Top institutional shareholders of Lam Research include DNB Asset Management AS (0.03%), Neville Rodie & Shaw Inc. (0.03%), Insight Wealth Strategies LLC (0.01%) and Jackson Wealth Management LLC. Insiders that own company stock include Douglas R Bettinger, Timothy Archer, Timothy Archer, Catherine P Lego, Richard A Gottscho, Vahid Vahedi, Seshasayee Varadarajan, Scott Gerald Meikle, Abhijit Y Talwalkar, Neil J Fernandes, George M Schisler, Christina Corrreia, Christina Correia, Patrick J Lord, Ava Hahn and Sohail U Ahmed.
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.

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 NVIDIA (NVDA), Micron Technology (MU), Alibaba Group (BABA), Applied Materials (AMAT), Netflix (NFLX), Intel (INTC) and Advanced Micro Devices (AMD).

This page (NASDAQ:LRCX) was last updated on 7/9/2024 by MarketBeat.com Staff

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