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Lam Research (LRCX) Stock Price, News & Analysis

-18.26 (-1.92%)
(As of 05/31/2024 08:50 PM ET)
Today's Range
50-Day Range
52-Week Range
1.56 million shs
Average Volume
1.03 million shs
Market Capitalization
$121.91 billion
P/E Ratio
Dividend Yield
Price Target

Lam Research MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.70 Rating Score
2.7% Upside
$957.95 Price Target
Short Interest
1.81% of Float Sold Short
Dividend Strength
Based on Four Factors
Upright™ Environmental Score
News Sentiment
0.43mentions of Lam Research in the last 14 days
Based on 6 Articles This Week
Insider Trading
Selling Shares
$6.98 M Sold Last Quarter
Proj. Earnings Growth
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

64th out of 596 stocks

Special Industry Machinery, Not Elsewhere Classified Industry

2nd out of 11 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

LRCX May 2024 1010.000 call
Lam Research Stock Surges. Here's Why.
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Company Calendar

Ex-Dividend for 4/3 Dividend
Dividend Payable
Last Earnings
Ex-Dividend for 7/10 Dividend
Fiscal Year End
Dividend Payable
Next Earnings (Estimated)

Industry, Sector and Symbol

Special industry machinery, not elsewhere classified
Semiconductor Equipment
Current Symbol
Year Founded

Price Target and Rating

Average Stock Price Target
High Stock Price Target
Low Stock Price Target
Potential Upside/Downside
Consensus Rating
Moderate Buy
Rating Score (0-4)
Research Coverage
20 Analysts


Net Income
$4.51 billion
Pretax Margin


Sales & Book Value

Annual Sales
$17.43 billion
Cash Flow
$37.10 per share
Book Value
$61.36 per share


Free Float
Market Cap
$121.91 billion

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LRCX Stock Analysis - Frequently Asked Questions

Should I buy or sell Lam Research stock right now?

20 Wall Street 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 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 analysts have issued 12 month price targets for Lam Research's shares. Their LRCX share price targets range from $550.00 to $1,200.00. On average, they expect the company's share price to reach $957.95 in the next year. This suggests a possible upside of 2.7% from the stock's current price.
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 beginning of the year. Since then, LRCX stock has increased by 19.0% and is now trading at $932.44.
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) announced its quarterly earnings results on Wednesday, April, 24th. The semiconductor company reported $7.79 earnings per share for the quarter, topping 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% compared to the same quarter last year. During the same quarter in the prior year, the company earned $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 declared 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 0.86%. 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 0.86%. The company has been increasing its dividend for 9 consecutive years, indicating the company has a new, but growing committment to grow its dividend. 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 shares split on Thursday, October 3rd 2024. The 10-1 split was announced on Tuesday, May 21st 2024. The newly created shares will be distributed to shareholders after the closing bell 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 initiated a share buyback program on Tuesday, May 21st 2024, which authorizes the company to buyback $10,000,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to repurchase up to 8.1% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's management believes its shares are undervalued.

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

Lam Research updated its fourth quarter 2024 earnings guidance on Wednesday, April, 24th. The company provided earnings per share guidance of 6.750-8.250 for the period, compared to the consensus EPS 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 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 a number of 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, Jaynie M Studenmund, 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 6/3/2024 by Staff

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