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Lam Research Corp Stock Research

LRCX

515.19USD+28.14(+5.78%)Delayed

Market Summary

USD515.19+28.14
Delayed
5.78%

LRCX Alerts

LRCX Stock Price

LRCX RSI Chart

LRCX Valuation

Market Cap

69.8B

Price/Earnings (Trailing)

13.61

Price/Sales (Trailing)

3.66

EV/EBITDA

11.46

Price/Free Cashflow

19.75

LRCX Price/Sales (Trailing)

LRCX Profitability

EBT Margin

30.45%

Return on Equity

61.71%

Return on Assets

26.68%

Free Cashflow Yield

5.06%

LRCX Fundamentals

LRCX Revenue

Revenue (TTM)

19.0B

Revenue Y/Y

24.87%

Revenue Q/Q

4.01%

LRCX Earnings

Earnings (TTM)

5.1B

Earnings Y/Y

22.91%

Earnings Q/Q

2.99%

Price Action

52 Week Range

299.59572.86
(Low)(High)

Last 7 days

-1.3%

Last 30 days

-4.5%

Last 90 days

9.2%

Trailing 12 Months

0.8%

LRCX Financial Health

Current Ratio

3.01

Debt/Equity

0.6

Debt/Cashflow

0.71

LRCX Investor Care

Dividend Yield

1.25%

Dividend/Share (TTM)

6.45

Buy Backs (1Y)

3.72%

Diluted EPS (TTM)

37.19

Peers (Alternatives to Lam Research)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
629.8B
27.0B
11.20% 5.54%
144.19
23.35
0.22% -55.21%
155.7B
23.6B
7.88% -17.97%
117.97
6.6
43.61% -58.25%
124.9B
63.1B
-0.49% -34.58%
15.58
1.98
-20.21% -59.66%
69.8B
19.0B
-4.55% 0.82%
13.61
3.66
15.27% 11.65%
55.1B
10.5B
-8.04% 12.28%
15.56
5.26
28.39% 18.56%
22.0B
2.6B
21.50% 171.10%
-498.6
8.41
-10.40% -109.42%
MID-CAP
6.0B
3.5B
-12.54% -39.21%
18.13
1.7
20.25% -39.61%
4.3B
920.0M
-3.48% 92.24%
23.28
4.63
38.88% 85.58%
4.3B
1.0B
3.60% 8.92%
19.08
4.24
27.42% 56.89%
SMALL-CAP
1.1B
646.1M
2.51% -24.82%
6.59
1.7
10.78% 541.15%
729.0M
388.8M
-6.91% -74.10%
18.57
1.87
49.69% 3.99%
122.8M
101.4M
-6.35% -12.38%
9.01
1.21
8.22% 662.93%
79.7M
23.3M
-13.86% 179.08%
-26.9
3.42
56.36% -569.95%

Financials for Lam Research

Income Statement (Last 12 Months)
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Revenue5.8%19,04817,99717,22716,73716,524
Gross Profit4.8%8,6308,2327,8727,6867,650
Operating Expenses2.2%2,5812,5242,4902,4682,428
  S&GA Expenses-0.3%867869886893880
  R&D Expenses3.5%1,7141,6551,6041,5751,549
EBITDA5.1%6,1345,8345,7025,654-
EBITDA Margin-0.7%0.32*0.32*0.33*0.34*-
Earnings Before Taxes5.4%5,8005,5045,1935,1435,168
EBT Margin-0.4%0.30*0.31*0.30*0.31*-
Interest Expenses-176----
Net Income5.6%5,1254,8514,6054,5414,590
Net Income Margin-0.2%0.27*0.27*0.27*0.27*-
Free Cahsflow-7.8%3,5313,8323,1004,092-
Balance Sheet
(In Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Assets2.6%19,20618,72117,19616,58916,685
  Current Assets0.7%13,70913,61312,28511,88812,103
    Cash Equivalents5.4%4,4854,2563,5224,1955,087
  Inventory10.5%4,8204,3603,9663,4793,074
  Goodwill6.7%1,6001,5001,5001,5001,490
Liabilities-3.6%10,90211,30910,91710,56310,210
  Current Liabilities-10.0%4,5475,0534,5654,1953,863
  Long Term Debt0.0%4,9964,9964,9985,0014,988
Shareholder's Equity12.0%8,3057,4136,2786,0266,476
  Retained Earnings6.3%20,87919,64518,45517,45116,638
  Additional Paid-In Capital1.5%7,6067,4937,4157,2897,220
Accumulated Depreciation-1,440----
Shares Outstanding-0.7%135136137139141
Float-77,032----
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Cashflow From Operations-7.8%3,5313,8323,1004,0924,499
  Share Based Compensation3.8%282272259246233
Cashflow From Investing-404.0%-565-1126121,3771,588
Cashflow From Financing-2.4%-3,546-3,462-4,578-4,937-4,675
  Dividend Payments3.0%860835815793769
  Buy Backs1.5%2,7802,7393,8663,4213,177

Risks for LRCX

What is the probability of a big loss on LRCX?

79.2%


Probability that Lam Research stock will be more than 20% underwater in next one year

57.7%


Probability that Lam Research stock will be more than 30% underwater in next one year.

38.5%


Probability that Lam Research stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does LRCX drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Lam Research was unfortunately bought at previous high price.

Drawdowns

Returns for LRCX

Cumulative Returns on LRCX

29.5%


10-Year Cumulative Returns

31.8%


7-Year Cumulative Returns

18.7%


5-Year Cumulative Returns

24.3%


3-Year Cumulative Returns

What are the long-term rolling returns for LRCX?

FIve years rolling returns for Lam Research.

Annualized Returns

Which funds bought or sold LRCX recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-03-15
B. Riley Wealth Advisors, Inc.
reduced
-14.23
-93,016
8,610,980
0.24%
2023-03-10
MATHER GROUP, LLC.
reduced
-6.85
79,136
1,223,140
0.02%
2023-03-10
VICTORY CAPITAL MANAGEMENT INC
added
6.84
32,112,400
173,665,000
0.19%
2023-03-06
OLD MISSION CAPITAL LLC
sold off
-100
-296,000
-
-%
2023-03-06
Rockefeller Capital Management L.P.
added
97.95
7,392,000
13,198,000
0.07%
2023-03-03
TIAA, FSB
reduced
-8.44
124,453
2,539,450
0.01%
2023-03-02
LORING WOLCOTT & COOLIDGE FIDUCIARY ADVISORS LLP/MA
new
-
1,261
1,261
-%
2023-03-02
OLIVER LAGORE VANVALIN INVESTMENT GROUP
reduced
-30.82
-61,052
234,948
0.13%
2023-03-01
Regal Investment Advisors LLC
reduced
-0.76
47,088
382,088
0.04%
2023-02-28
Voya Investment Management LLC
reduced
-11.66
-356,470,000
366,096,000
0.52%

1–10 of 46

Latest Funds Activity

Are funds buying LRCX calls or puts?
Calls
Puts
Are funds bullish or bearish(Calls - Puts)?
Net Call Options
No. of funds that own LRCX
No. of Funds

Lam Research News

MarketBeat

Lam Research Co. (NASDAQ:LRCX) Shares Sold by DNB Asset ....

MarketBeat,
4 hours ago

Investor's Business Daily

London South East

Investor's Business Daily

InvestorsObserver

Marketscreener.com

Schedule 13G FIlings of Lam Research

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 09, 2023
vanguard group inc
8.64%
11,788,267
SC 13G/A
Feb 03, 2023
blackrock inc.
8.1%
11,026,970
SC 13G/A
Feb 10, 2022
vanguard group inc
8.17%
11,504,998
SC 13G/A
Feb 09, 2022
fmr llc
-
0
SC 13G/A
Feb 01, 2022
blackrock inc.
7.9%
11,100,869
SC 13G/A
Feb 12, 2021
ameriprise financial inc
3.67%
5,285,039
SC 13G/A
Feb 10, 2021
vanguard group inc
8.08%
11,640,096
SC 13G/A
Feb 08, 2021
fmr llc
-
0
SC 13G/A
Jan 29, 2021
blackrock inc.
7.8%
11,293,118
SC 13G/A
Feb 14, 2020
ameriprise financial inc
5.46%
7,927,471
SC 13G/A

LRCX Fair Value

Lam Research fair value in different scenarios

The table shows the Fair Value estimates for Lam Research for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.
Fair ValueVery PessimisticPessimisticBase CaseOptimisticVery Optimistic
Very Low Inflation

640.75

24.37%

868.48

68.57%

1431.80

177.92%

1981.87

284.69%

2334.85

353.20%
Current Inflation

587.57

14.05%

784.17

52.21%

1265.17

145.57%

1727.66

235.34%

2022.82

292.64%
Very High Inflation

521.83

1.29%

682.02

32.38%

1068.18

107.34%

1431.81

177.92%

1662.26

222.65%

Historical Lam Research Fair Value Estimates


Very Pessimistic Case
Pessimistic Case
Fair Value
Optimistic Case
Very Optimistic Case
Closing Stock Price

Recent SEC filings of Lam Research

View All Filings
Date Filed Form Type Document
Mar 03, 2023
4
Insider Trading
Mar 03, 2023
4
Insider Trading
Mar 03, 2023
4
Insider Trading
Mar 03, 2023
4
Insider Trading
Mar 03, 2023
4
Insider Trading
Mar 03, 2023
4
Insider Trading
Mar 03, 2023
4
Insider Trading
Mar 03, 2023
4
Insider Trading
Mar 02, 2023
4
Insider Trading
Mar 02, 2023
4
Insider Trading

Latest Insider Trading transactions for LRCX

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-03-03
Hahn Ava
sold
-1,567,480
488
-3,206
chief legal officer & svp
2023-03-02
Bettinger Douglas R
sold (taxes)
-1,513,550
489
-3,089
chief financial officer & evp
2023-03-02
Hahn Ava
sold (taxes)
-1,482,190
489
-3,025
chief legal officer & svp
2023-03-02
Hahn Ava
sold
-233,273
479
-487
chief legal officer & svp
2023-03-02
ARCHER TIMOTHY
sold (taxes)
-5,229,070
489
-10,672
president and ceo
2023-03-02
Corrreia Christina
sold (taxes)
-209,711
489
-428
cvp , chief accounting officer
2023-03-02
Varadarajan Seshasayee
sold (taxes)
-1,155,860
489
-2,359
senior vice president
2023-03-02
Vahedi Vahid
sold (taxes)
-1,183,300
489
-2,415
senior vice president
2023-03-02
Fernandes Neil J
sold (taxes)
-355,725
489
-726
senior vice president
2023-03-02
LORD PATRICK J
sold (taxes)
-1,375,860
489
-2,808
executive vice president

1–10 of 50

Timothy M. Archer
14100
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; SOLA ultraviolet thermal processing products for film treatments; and VECTOR plasma-enhanced CVD ALD 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. In addition, the company offers Flex for dielectric etch applications; Kiyo for conductor etch applications; Syndion for through-silicon via etch applications; and Versys metal products for metal etch processes. Further, it provides Coronus bevel clean products to enhance die yield; Da Vinci, DV-Prime, EOS, and SP series products to address various wafer cleaning applications; and Metryx mass metrology systems for high precision in-line mass measurement in semiconductor wafer manufacturing. The company sells its products and services to semiconductors industry in the United States, China, Europe, Japan, Korea, Southeast Asia, Taiwan, and internationally. Lam Research Corporation was incorporated in 1980 and is headquartered in Fremont, California.

LRCX Income Statement

2022-12-25
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended6 Months Ended
Dec. 25, 2022
Dec. 26, 2021
Dec. 25, 2022
Dec. 26, 2021
Income Statement [Abstract]    
Revenue$ 5,277,569$ 4,226,604$ 10,351,690$ 8,531,069
Cost of goods sold2,901,2202,248,6885,638,5064,576,399
Gross margin2,376,3491,977,9164,713,1843,954,670
Research and development462,385403,644895,760785,971
Selling, general, and administrative233,802236,133439,422458,327
Total operating expenses696,187639,7771,335,1821,244,298
Operating income1,680,1621,338,1393,378,0022,710,372
Other income (expense), net(28,234)17,999(71,329)(10,858)
Income before income taxes1,651,9281,356,1383,306,6732,699,514
Income tax expense(183,421)(161,308)(412,287)(324,940)
Net income$ 1,468,507$ 1,194,830$ 2,894,386$ 2,374,574
Net income per share:    
Basic (in dollars per share)$ 10.80$ 8.50$ 21.21$ 16.82
Diluted (in dollars per share)$ 10.77$ 8.44$ 21.16$ 16.71
Number of shares used in per share calculations:    
Basic (in shares)136,018140,630136,455141,187
Diluted (in shares)136,339141,530136,774142,071

LRCX Balance Sheet

2022-12-25
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 25, 2022
Jun. 26, 2022
[1]
ASSETS  
Cash and cash equivalents$ 4,484,716$ 3,522,001
Investments103,130135,731
Accounts receivable, less allowance of $5,411 as of December 25, 2022, and $5,606 as of June 26, 20224,070,0884,313,818
Inventories4,819,9663,966,294
Prepaid expenses and other current assets230,888347,391
Total current assets13,708,78812,285,235
Property and equipment, net1,863,1551,647,587
Restricted cash and investments251,344251,534
Goodwill1,620,4371,515,113
Intangible assets, net184,781101,850
Other assets1,577,8761,394,313
Total assets19,206,38117,195,632
LIABILITIES AND STOCKHOLDERS’ EQUITY  
Trade accounts payable919,4081,011,208
Accrued expenses and other current liabilities2,068,3701,974,272
Deferred profit1,551,9181,571,898
Current portion of long-term debt and finance lease obligations7,2267,381
Total current liabilities4,546,9224,564,759
Long-term debt and finance lease obligations, less current portion4,996,0574,998,449
Income taxes payable862,405931,117
Other long-term liabilities496,362422,941
Total liabilities10,901,74610,917,266
Commitments and contingencies
Stockholders’ equity:  
Preferred stock, at par value of $0.001 per share; authorized, 5,000 shares, none outstanding00
Common stock, at par value of $0.001 per share; authorized, 400,000 shares as of December 25, 2022 and June 26, 2022; issued and outstanding, 135,403 shares as of December 25, 2022, and 136,975 shares as of June 26, 2022135137
Additional paid-in capital7,606,1497,414,916
Treasury stock, at cost; 158,775 shares as of December 25, 2022, and 157,087 shares as of June 26, 2022(20,071,931)(19,481,429)
Accumulated other comprehensive loss(108,871)(109,982)
Retained earnings20,879,15318,454,724
Total stockholders’ equity8,304,6356,278,366
Total liabilities and stockholders’ equity$ 19,206,381$ 17,195,632
[1]Derived from audited financial statements