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Lam Research Corp LRCX Stock Quote

| Rating as of


After hours: 626.77 0.00 | 0.00 %

| Currency in USD

  • Last Close 627.52
  • Sector Technology
  • Industry Semiconductor Equipment & Materials
  • Investment Style Large Blend
  • Day Range 625.07  –  637.36
  • Year Range 299.59  –  726.53
  • Market Cap 82.8730 Bil
  • Volume / Avg 770,586.0 /  1.1 Mil
  • Price / Sales 4.89
  • Price / Book 10.19
  • Forward Div Yield 1.07%
  • Trailing Div Yield 1.14%

Morningstar‘s Stock Analysis LRCX

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Economic Moat


Capital Allocation


Lam Research Dominates Etch and Deposition and Merits a Wide Moat

Business Strategy and Outlook

| William Kerwin |

Lam Research is a major vendor of semiconductor fabrication tools. Specifically, it is the market share leader in dry etch, a critical step in the chipmaking process where material is selectively removed. We believe Lam has a wide economic moat as a result of cost advantages and intangible assets related to equipment design. Lam's leadership position creates scale advantages that fuel research and development spending at levels only wide-moat Applied Materials can match. Lam’s large installed base creates stickiness and offers Lam an intimate look into problems faced by chipmakers, providing valuable information it can use to implement solutions and additional capabilities in future tools.

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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.

4650 Cushing Parkway
Fremont, CA, 94538
Industry Semiconductor Equipment & Materials
Employees 17,200

Related Articles LRCX

Morningstar analysts hand-select direct competitors or comparable companies to provide context on the strength and durability of LRCX’s competitive advantage.

Lam Research Corp


Applied Materials Inc


KLA Corp


Tokyo Electron Ltd

XTKS: 8035
−$0.75 (0.12%) +$0.23 (0.17%) +$0.57 (0.12%) +$515.00 (2.58%)
Market Cap
82.87 Bil115.82 Bil62.53 Bil9.49 Tril
Semiconductor Equipment & Materials Semiconductor Equipment & Materials Semiconductor Equipment & Materials Semiconductor Equipment & Materials

* Trading data in this section is delayed by at least 15 minutes.

FAQs for Lam Research Corp Stock

Yes. LRCX has a forward dividend yield of 1.27%. 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 82.87 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 4.89.
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 18.90.
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 10.19.
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.