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Lam Research NasdaqGS:LRCX Stock Report

Last Price

US$71.79

Market Cap

US$92.4b

7D

-5.9%

1Y

-8.0%

Updated

22 Dec, 2024

Data

Company Financials +

Lam Research Corporation

NasdaqGS:LRCX Stock Report

Market Cap: US$92.4b

LRCX Stock Overview

Designs, manufactures, markets, refurbishes, and services semiconductor processing equipment used in the fabrication of integrated circuits. More details

LRCX fundamental analysis
Snowflake Score
Valuation5/6
Future Growth3/6
Past Performance5/6
Financial Health6/6
Dividends4/6

My Notes

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US$92.98
FV
22.8% undervalued intrinsic discount
11.94%
Revenue growth p.a.
3users have liked this narrative
0users have commented on this narrative
42users have followed this narrative
3 days ago author updated this narrative

Lam Research Corporation Competitors

Price History & Performance

Summary of share price highs, lows and changes for Lam Research
Historical stock prices
Current Share PriceUS$71.79
52 Week HighUS$113.00
52 Week LowUS$68.87
Beta1.46
1 Month Change-1.17%
3 Month Change-8.44%
1 Year Change-7.96%
3 Year Change2.74%
5 Year Change144.43%
Change since IPO27,394.05%

Recent News & Updates

Lam Research: Semiconductor Giant Still On Sale After Earnings Beat

Dec 04

Lam Research: Wait For The Dust To Settle (Technical Analysis)

Nov 28

Lam Research (NASDAQ:LRCX) Knows How To Allocate Capital Effectively

Nov 14
Lam Research (NASDAQ:LRCX) Knows How To Allocate Capital Effectively

Recent updates

Lam Research: Semiconductor Giant Still On Sale After Earnings Beat

Dec 04

Lam Research: Wait For The Dust To Settle (Technical Analysis)

Nov 28

Lam Research (NASDAQ:LRCX) Knows How To Allocate Capital Effectively

Nov 14
Lam Research (NASDAQ:LRCX) Knows How To Allocate Capital Effectively

Why Lam Research Is At A Make-Or-Break Level Before Earnings

Oct 22

Lam Research (NASDAQ:LRCX) Seems To Use Debt Quite Sensibly

Oct 12
Lam Research (NASDAQ:LRCX) Seems To Use Debt Quite Sensibly

Lam Research Following Micron's Footsteps In High Bandwidth Memory And Semiconductor Equipments Demand

Oct 11

Lam Research: The Recent Pullback Is A Buying Opportunity

Sep 16

Is Lam Research Corporation (NASDAQ:LRCX) Trading At A 36% Discount?

Sep 15
Is Lam Research Corporation (NASDAQ:LRCX) Trading At A 36% Discount?

Lam Research's (NASDAQ:LRCX) Shareholders Will Receive A Bigger Dividend Than Last Year

Sep 03
Lam Research's (NASDAQ:LRCX) Shareholders Will Receive A Bigger Dividend Than Last Year

Lam Research: Finding Opportunity Amidst Q4 FY 2024 Post Earnings Dip

Aug 16

Lam Research: China Risk May Offset Memory Recovery And AI Boost

Aug 03

The Lam Research Corporation (NASDAQ:LRCX) Full-Year Results Are Out And Analysts Have Published New Forecasts

Aug 02
The Lam Research Corporation (NASDAQ:LRCX) Full-Year Results Are Out And Analysts Have Published New Forecasts

Investors Still Waiting For A Pull Back In Lam Research Corporation (NASDAQ:LRCX)

Jul 28
Investors Still Waiting For A Pull Back In Lam Research Corporation (NASDAQ:LRCX)

Lam Research: It's Still All About Memory- Maintaining Buy

Jul 11

Why Lam Research Corporation (NASDAQ:LRCX) Could Be Worth Watching

Jul 03
Why Lam Research Corporation (NASDAQ:LRCX) Could Be Worth Watching

Capitalizing On The Semiconductor Rebound: Lam Research Is A Compelling Buy

Jul 02

Lam Research: Headwinds Coming From Chinese And Japanese Competitors

Jun 07

Here's Why Lam Research (NASDAQ:LRCX) Can Manage Its Debt Responsibly

Jun 06
Here's Why Lam Research (NASDAQ:LRCX) Can Manage Its Debt Responsibly

Lam Research (NASDAQ:LRCX) Is Aiming To Keep Up Its Impressive Returns

May 23
Lam Research (NASDAQ:LRCX) Is Aiming To Keep Up Its Impressive Returns

Lam Research: More Wafer Fab Equipment Spend For FY2025, Maintaining Buy

May 18

Lam Research Corporation Just Beat EPS By 5.7%: Here's What Analysts Think Will Happen Next

Apr 26
Lam Research Corporation Just Beat EPS By 5.7%: Here's What Analysts Think Will Happen Next

Lam Research: Benefiting From HBM-Driven DRAM; Initiate With 'Strong Buy'

Apr 18

Lam Research: A Favorite In The Semis - Initiating With A Buy

Apr 09

Why We're Not Concerned About Lam Research Corporation's (NASDAQ:LRCX) Share Price

Apr 04
Why We're Not Concerned About Lam Research Corporation's (NASDAQ:LRCX) Share Price

Lam Research: Stock Price Runup Justified But Upside Now Limited

Feb 24

Here's What's Concerning About Lam Research's (NASDAQ:LRCX) Returns On Capital

Feb 22
Here's What's Concerning About Lam Research's (NASDAQ:LRCX) Returns On Capital

Investors Can Find Comfort In Lam Research's (NASDAQ:LRCX) Earnings Quality

Feb 09
Investors Can Find Comfort In Lam Research's (NASDAQ:LRCX) Earnings Quality

Lam Research Corporation (NASDAQ:LRCX) Released Earnings Last Week And Analysts Lifted Their Price Target To US$872

Jan 31
Lam Research Corporation (NASDAQ:LRCX) Released Earnings Last Week And Analysts Lifted Their Price Target To US$872

Lam Research (NASDAQ:LRCX) Has A Pretty Healthy Balance Sheet

Jan 28
Lam Research (NASDAQ:LRCX) Has A Pretty Healthy Balance Sheet

Lam Research: Lack Of Clarity On NAND A Significant Headwind In 2024

Jan 25

Lam Research: Positioned Strongly (And Expensively) For AI Secular Trends

Jan 17

Lam Research Corporation (NASDAQ:LRCX) Shares Could Be 25% Above Their Intrinsic Value Estimate

Jan 02
Lam Research Corporation (NASDAQ:LRCX) Shares Could Be 25% Above Their Intrinsic Value Estimate

Shareholder Returns

LRCXUS SemiconductorUS Market
7D-5.9%-1.7%-2.4%
1Y-8.0%71.1%23.4%

Return vs Industry: LRCX underperformed the US Semiconductor industry which returned 71.1% over the past year.

Return vs Market: LRCX underperformed the US Market which returned 23.4% over the past year.

Price Volatility

Is LRCX's price volatile compared to industry and market?
LRCX volatility
LRCX Average Weekly Movement6.4%
Semiconductor Industry Average Movement7.5%
Market Average Movement6.3%
10% most volatile stocks in US Market16.8%
10% least volatile stocks in US Market3.1%

Stable Share Price: LRCX has not had significant price volatility in the past 3 months compared to the US market.

Volatility Over Time: LRCX's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
198017,700Tim Archerwww.lamresearch.com

Lam Research Corporation designs, manufactures, markets, refurbishes, and services semiconductor processing equipment used in the fabrication of integrated circuits. The company offers ALTUS systems to deposit conformal films for tungsten metallization applications; SABRE electrochemical deposition products for copper interconnect transition that offers copper damascene manufacturing; and VECTOR plasma-enhanced CVD products. It also provides SPEED gapfill high-density plasma chemical vapor deposition products; and Striker single-wafer atomic layer deposition products for dielectric film solutions.

Lam Research Corporation Fundamentals Summary

How do Lam Research's earnings and revenue compare to its market cap?
LRCX fundamental statistics
Market capUS$92.37b
Earnings (TTM)US$4.06b
Revenue (TTM)US$15.59b

22.8x

P/E Ratio

5.9x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
LRCX income statement (TTM)
RevenueUS$15.59b
Cost of RevenueUS$8.16b
Gross ProfitUS$7.44b
Other ExpensesUS$3.38b
EarningsUS$4.06b

Last Reported Earnings

Sep 29, 2024

Next Earnings Date

n/a

Earnings per share (EPS)3.15
Gross Margin47.69%
Net Profit Margin26.02%
Debt/Equity Ratio58.8%

How did LRCX perform over the long term?

See historical performance and comparison

Dividends

1.3%

Current Dividend Yield

27%

Payout Ratio

Does LRCX pay a reliable dividends?

See LRCX dividend history and benchmarks
When do you need to buy LRCX by to receive an upcoming dividend?
Lam Research dividend dates
Ex Dividend DateDec 11 2024
Dividend Pay DateJan 08 2025
Days until Ex dividend11 days
Days until Dividend pay date17 days

Does LRCX pay a reliable dividends?

See LRCX dividend history and benchmarks

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/22 02:13
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/29
Annual Earnings2024/06/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Lam Research Corporation is covered by 68 analysts. 30 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
James KelleherArgus Research Company
Ishan MajumdarBaptista Research
Thomas O'MalleyBarclays