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Lam Research Corp LRCX Stock Quote

| Rating as of

NASDAQ: LRCX

Last close prices updated as of Feb 06, 2023, 4:00 PM EST | USD | BATS BZX Real-Time Price
  • Last Close 520.95
  • Sector Technology
  • Industry Semiconductor Equipment & Materials
  • Investment Style Large Blend
  • Day Range 518.25  –  530.00
  • Year Range 299.59  –  615.99
  • Market Cap 70.2950 Bil
  • Volume / Avg 1.0 Mil /  1.5 Mil
  • Price / Sales 3.77
  • Price / Book 8.46
  • Forward Div Yield 1.32%
  • Trailing Div Yield 1.24%

Morningstar‘s Stock Analysis LRCX

Valuation
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Is it the right time to buy or sell?
Is it the right time to buy or sell?

1-Star Price

INVESTOR

5-Star Price

INVESTOR

Economic Moat

INVESTOR

Capital Allocation

INVESTOR

Despite Cyclical Downturn, We Think Lam Has Bright Prospects Longer-Term; Shares Undervalued

Analyst Note

| Abhinav Davuluri |

Wide-moat Lam Research reported fiscal second-quarter results in line with our expectations, with strong year-over-year growth in logic, foundry, and NAND equipment sales. However, management expects calendar 2023 wafer fab equipment, or WFE, spending to be down over 20% year over year due to sharply lower memory capital expenditure, export restrictions to China, and overall weaker chip demand following the COVID-19-induced boom and amid broad macroeconomic headwinds. This outlook is consistent with our model, as we anticipate Lam’s next several quarters to be challenging. We are maintaining our fair value estimate of $620 per share, as we expect Lam to return to healthy growth in calendar 2024. While we believe prospective investors should find current levels attractive, we think the market will continue to punish Lam until its memory customers show signs of more normalized inventory levels and improving end-market demand.

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Key Statistics LRCX

Company Profile LRCX

Business Description

Lam Research manufactures equipment used to fabricate semiconductors. The firm is focused on the etch, deposition, and clean markets, which are key steps in the semiconductor manufacturing process, especially for 3D NAND flash storage, advanced DRAM, and leading-edge logic/foundry chipmakers. Lam's flagship Kiyo, Vector, and Sabre products are sold in all major geographies to key customers such as Samsung Electronics, Micron, Intel, SK Hynix, and Taiwan Semiconductor Manufacturing.

Contact
4650 Cushing Parkway
Fremont, CA, 94538
Industry Semiconductor Equipment & Materials
Employees 19,200

Related Articles LRCX

FAQs for Lam Research Corp Stock

Yes. LRCX has a forward dividend yield of 1.32%. See LRCX’s full dividends and stock split history on the Dividend tab.
Dividend yield allows investors, particularly those interested in dividend-paying stocks, to compare the relationship between a stock’s price and how it rewards stockholders through dividends. The formula for calculating dividend yield is to divide the annual dividend paid per share by the stock price.

Learn more about dividend yield.

LRCX’s market cap is 70.30 Bil.
Market capitalization is calculated by taking a company’s share price and multiplying it by the total number of shares. It’s often used to measure a company’s size. In the Morningstar Style Box, large-cap names account for the largest 70% of U.S. stocks, mid-cap names account for the largest 70–90%, and small-cap names are the remaining 10% of companies.

Learn more about market capitalization.

LRCX’s stock style is Large Core.
Style is an investment factor that has a meaningful impact on investment risk and returns. Style is calculated by combining value and growth scores, which are first individually calculated.

High-growth stocks tend to represent the technology, healthcare, and communications sectors. They rarely distribute dividends to shareholders, opting for reinvestment in their businesses. More value-oriented stocks tend to represent financial services, utilities, and energy stocks. These are established companies that reliably pay dividends.

Learn more about style.

LRCX’s price/sales is 3.77.
Price/sales represents the amount an investor is willing to pay for a dollar generated from a particular company’s sales or revenues.

LRCX’s price/forward earnings is 15.60.
Forward P/E gives some indication of how cheap or expensive a stock is compared with consensus earnings estimates. The lower the Forward P/E, the cheaper the stock.

LRCX’s price/book is 8.46.
Price/book ratio can tell investors approximately how much they’re paying for a company’s assets, based on historical, rather than current, valuations. Historical valuations generally do not reflect a company’s current market value. Value investors frequently look for companies that have low price/book ratios.

See LRCX’s valuation ratios compared to the Market Index.

LRCX’s beta can be found in Trading Information at the top of this page.
A stock’s beta measures how closely tied its price movements have been to the performance of the overall market.

Compare LRCX’s historical performance against its industry peers and the overall market.