Lam Research (LRCX) Stock Forecast, Price & News

19 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Lam Research in the last year. There are currently 5 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.
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19 brokers have issued 12 month price targets for Lam Research's stock. Their LRCX share price forecasts range from $375.00 to $800.00. On average, they predict the company's stock price to reach $569.47 in the next year. This suggests that the stock has a possible downside of 12.7%.
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Lam Research's stock was trading at $420.30 on January 1st, 2023. Since then, LRCX stock has increased by 55.1% and is now trading at $651.97.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 18th 2023.
View our LRCX earnings forecast.

Lam Research Co. (NASDAQ:LRCX) posted its earnings results on Wednesday, July, 26th. The semiconductor company reported $5.98 EPS for the quarter, beating the consensus estimate of $5.03 by $0.95. The semiconductor company earned $3.21 billion during the quarter, compared to analyst estimates of $3.13 billion. Lam Research had a trailing twelve-month return on equity of 57.40% and a net margin of 25.88%. The company's revenue for the quarter was down 30.8% on a year-over-year basis. During the same period last year, the company posted $8.83 EPS.
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Lam Research announced a quarterly dividend on Wednesday, May 10th. Shareholders of record on Wednesday, June 14th will be paid a dividend of $1.725 per share on Wednesday, July 5th. This represents a $6.90 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date is Tuesday, June 13th.
Read our dividend analysis for LRCX.

ETFs with the largest weight of Lam Research (NASDAQ:LRCX) stock in their portfolio include Columbia Seligman Semiconductor and Technology ETF (SEMI), Engine No. 1 Transform Supply Chain ETF (SUPP), Strive U.S. Semiconductor ETF (SHOC), Invesco Dynamic Semiconductors ETF (PSI), ProShares Nanotechnology ETF (TINY), 2ndVote Life Neutral Plus ETF (LYFE), Guru Favorite Stocks ETF (GFGF) and VanEck Semiconductor ETF (SMH).

Lam Research (NASDAQ:LRCX) pays an annual dividend of $6.90 per share and currently has a dividend yield of 1.06%. The company has been increasing its dividend for 8 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio is 20.82%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, LRCX will have a dividend payout ratio of 20.72% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for LRCX.

Lam Research updated its first quarter 2024 earnings guidance on Wednesday, July, 26th. The company provided earnings per share guidance of $5.30-$6.80 for the period, compared to the consensus EPS estimate of $5.60. The company issued revenue guidance of $3.10 billion-$3.70 billion, compared to the consensus revenue estimate of $3.30 billion.

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.

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).

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

Lam Research's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Bank Julius Baer & Co. Ltd Zurich (97.58%), BlackRock Inc. (8.32%), Geode Capital Management LLC (2.15%), Fisher Asset Management LLC (2.09%), Bank of New York Mellon Corp (1.10%) and Northern Trust Corp (1.03%). Insiders that own company stock include Abhijit Y Talwalkar, Catherine P Lego, Christina Corrreia, Douglas R Bettinger, Douglas R Bettinger, Jaynie M Studenmund, Leslie F Varon, Patrick J Lord, Richard A Gottscho, Scott Gerald Meikle, Seshasayee Varadarajan, Sohail U Ahmed, Timothy Archer, Timothy Archer and Vahid Vahedi.
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Shares of LRCX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of LRCX stock can currently be purchased for approximately $651.97.

Lam Research (NASDAQ:LRCX) has a market capitalization of $87.59 billion and generates $17.43 billion in revenue each year. The semiconductor company earns $4.51 billion in net income (profit) each year or $33.14 on an earnings per share basis.

The company employs 17,700 workers across the globe.

Lam Research's mailing address is 4650 Cushing Parkway, Fremont CA, 94538. The official website for the company is www.lamresearch.com. The semiconductor company can be reached via phone at (510) 572-0200, via email at investor.relations@lamresearch.com, or via fax at 510-572-6454.