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.
IPO Year: 1984
Exchange: NASDAQ
Website: lamresearch.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
2/20/2025 | $75.00 → $125.00 | Neutral → Positive | Susquehanna |
1/30/2025 | $100.00 | Neutral → Overweight | Cantor Fitzgerald |
1/30/2025 | $85.00 → $91.00 | Mkt Perform → Outperform | Bernstein |
1/17/2025 | $95.00 | Sector Weight → Overweight | KeyBanc Capital Markets |
1/15/2025 | Outperform → Peer Perform | Wolfe Research | |
12/17/2024 | Neutral | Cleveland Research | |
8/1/2024 | $1000.00 → $1050.00 | Buy | TD Cowen |
5/13/2024 | $980.00 → $1100.00 | Buy | Jefferies |
4/25/2024 | $975.00 → $1000.00 | Buy | TD Cowen |
4/19/2024 | $870.00 → $1100.00 | Neutral → Buy | B. Riley Securities |
FREMONT, Calif., Feb. 19, 2025 /PRNewswire/ -- Lam Research Corp. (NASDAQ:LRCX) today unveiled ALTUS® Halo, the world's first atomic layer deposition (ALD) tool that harnesses the capabilities of the metal molybdenum in the production of leading-edge semiconductors. Leveraging a range of patented innovations, ALTUS Halo delivers exceptional feature fill and high-precision deposition of low resistivity, void-free molybdenum metallization for advanced semiconductor devices. Currently in qualification and ramping with all leading chipmakers, ALTUS Halo represents the tipping point in a new age of semiconductor metallization, paving the way for future scaling of advanced memory and logic chips f
FREMONT, Calif., Feb. 19, 2025 /PRNewswire/ -- Lam Research Corp. (NASDAQ:LRCX) today introduced Akara®, a breakthrough innovation in plasma etch and the most advanced conductor etch tool available. Akara delivers novel plasma processing technologies that enable the unmatched etch precision and performance needed for 3D chipmaking. Akara joins Lam's differentiated product portfolio that empowers chipmakers to overcome the industry's hardest scaling challenges. "Building on more than 20 years of continuous conductor etch innovation, our groundbreaking new Akara etcher leverages
FREMONT, Calif., Feb. 6, 2025 /PRNewswire/ -- Lam Research Corporation (NASDAQ:LRCX) today announced it will host the following event: Wednesday, February 19, 2025 – Investor Day in New York City from 9:00 a.m. to noon Eastern Time at the Mandarin Oriental, New York.The meeting will serve as a general update for investors and financial analysts on Lam's longer-term market trends, opportunities, products, strategies, and financial targets. A live webcast and replay of the meeting will be available to the public on the Investors section of the company's website. If you are an institutional investor or financial analyst interested in attending the event in person, please contact investor.relat
FREMONT, Calif., Feb. 6, 2025 /PRNewswire/ -- Lam Research Corporation (NASDAQ:LRCX) today announced that its Board of Directors has approved a quarterly dividend of $0.23 per share of common stock. The dividend payment will be made on April 9, 2025, to stockholders of record on March 5, 2025. Future dividend payments are subject to review and approval by the Board of Directors. About Lam Research: Lam Research Corporation is a global supplier of innovative wafer fabrication equipment and services to the semiconductor industry. Lam's equipment and services allow customers to build smaller and better performing devices. In fact, today, nearly every advanced chip is built with Lam technology.
FREMONT, Calif., Jan. 29, 2025 /PRNewswire/ -- Lam Research Corporation (NASDAQ:LRCX) today announced that Aether®, its innovative dry photoresist technology, has been selected by a leading memory manufacturer as production tool of record for the most advanced DRAM processes. A breakthrough introduced by Lam in 2020, dry resist extends the resolution, productivity, and yield of Extreme Ultraviolet (EUV) lithography, a pivotal technology used in the production of next-generation semiconductor devices. Lam's dry resist approach overcomes the biggest challenges of transferring fi
FREMONT, Calif., Jan. 29, 2025 /PRNewswire/ -- Lam Research Corporation (the "Company," "Lam," "Lam Research") today announced financial results for the quarter ended December 29, 2024 (the "December 2024 quarter"). Highlights for the December 2024 quarter were as follows: Revenue of $4.38 billion.U.S. GAAP gross margin of 47.4%, U.S. GAAP operating income as a percentage of revenue of 30.5%, and U.S. GAAP diluted EPS of $0.92.Non-GAAP gross margin of 47.5%, non-GAAP operating income as a percentage of revenue of 30.7%, and non-GAAP diluted EPS of $0.91.Key Financial Data for the Quarters Ended December 29, 2024 and September 29, 2024 (in thousands, except per-share data, percentages, and ba
FREMONT, Calif., Jan. 14, 2025 /PRNewswire/ -- Lam Research Corporation (NASDAQ:LRCX) today announced that its innovative dry photoresist (dry resist) technology has been qualified for direct-print 28nm pitch back end of line (BEOL) logic at 2nm and below by imec, a leading research and innovation hub in nanoelectronics and digital technologies. An advanced patterning technique introduced by Lam, dry resist enhances the resolution, productivity and yield of extreme ultraviolet (EUV) lithography, a pivotal technology used in the production of next-generation semiconductor devices. Lam's dry resist technology provides unparalleled low-defect patterning in semiconductor device manufacturing."La
FREMONT, Calif., Jan. 6, 2025 /PRNewswire/ -- Lam Research Corp. (NASDAQ:LRCX) today announced that the company will host its quarterly financial conference call and webcast on Wednesday, January 29, 2025, beginning at 2:00 p.m. Pacific Standard Time (5:00 p.m. Eastern Standard Time). Webcast: To access the webcast, visit the Investors section of Lam's website athttp://www.lamresearch.com and click on the Investors/InvestorsOverview/Events & Presentations section to view the details. Replay Information: A webcast replay will be available on the Lam Research website approximately three hours after the conference call concludes. About Lam Research Lam Research Corporation (NASDAQ:LRCX) is a
FREMONT, Calif., Dec. 10, 2024 /PRNewswire/ -- Lam Research Corp. (NASDAQ:LRCX) today introduced Dextro™, the semiconductor industry's first collaborative robot (cobot) designed to optimize critical maintenance tasks on wafer fabrication equipment. Now deployed in multiple advanced wafer fabs around the world, Dextro enables accurate, high-precision maintenance to minimize tool downtime and production variability. It drives significant first-time-right (FTR) results that can enhance yield. Today's wafer fabrication equipment utilizes advanced physics, robotics and chemistry to
FREMONT, Calif., Dec. 2, 2024 /PRNewswire/ -- Lam Research Corp. (NASDAQ:LRCX). Today, the U.S. government announced additional measures to further restrict semiconductor technology exports to China. Our initial assessment is that the effect of the announced measures on Lam's business will be broadly consistent with our prior expectations. As a result, at this time we have no plans to update Lam's financial guidance for the December 2024 quarter as stated in our earnings press release on October 23, 2024. About Lam Research Lam Research Corporation is a global supplier of innovative wafer fabrication equipment and services to the semiconductor industry. Lam's equipment and services allow cus
Susquehanna upgraded Lam Research from Neutral to Positive and set a new price target of $125.00 from $75.00 previously
Bernstein upgraded Lam Research from Mkt Perform to Outperform and set a new price target of $91.00 from $85.00 previously
Cantor Fitzgerald upgraded Lam Research from Neutral to Overweight and set a new price target of $100.00
KeyBanc Capital Markets upgraded Lam Research from Sector Weight to Overweight and set a new price target of $95.00
Wolfe Research downgraded Lam Research from Outperform to Peer Perform
Cleveland Research initiated coverage of Lam Research with a rating of Neutral
TD Cowen reiterated coverage of Lam Research with a rating of Buy and set a new price target of $1,050.00 from $1,000.00 previously
Jefferies initiated coverage of Lam Research with a rating of Buy and set a new price target of $1,100.00 from $980.00 previously
TD Cowen reiterated coverage of Lam Research with a rating of Buy and set a new price target of $1,000.00 from $975.00 previously
B. Riley Securities upgraded Lam Research from Neutral to Buy and set a new price target of $1,100.00 from $870.00 previously
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FREMONT, Calif., Aug. 30, 2024 /PRNewswire/ -- Lam Research Corp. (NASDAQ:LRCX) today announced that Ita Brennan and Mark Fields have joined its board of directors, effective August 30, 2024. Brennan brings to the board significant senior executive-level financial management expertise in the technology industry. Most recently, she was Senior Vice President and Chief Financial Officer (CFO) of Arista Networks. Brennan previously held CFO roles at QuantumScape Corporation and Infinera Corporation, where she also served as Vice President of Finance and Corporate Controller. Earli
FREMONT, Calif., July 16, 2024 /PRNewswire/ -- Lam Research Corp. (NASDAQ:LRCX) today announced that Ava Harter has joined its executive leadership team as senior vice president and chief legal officer. Reporting to President and Chief Executive Officer Tim Archer, Harter will oversee all of Lam's legal functions as well as government and regulatory affairs. Harter most recently served as executive vice president and chief legal officer at Whirlpool Corporation where she held enterprise-wide responsibility for global legal matters, as well as security and claims for the compan
FREMONT, Calif., Aug. 24, 2023 /PRNewswire/ -- Lam Research Corp. (NASDAQ:LRCX) today announced that John M. Dineen has joined its board of directors, effective August 24, 2023. Dineen brings to Lam extensive experience in technology, operations, and international business management, including previously serving in multiple executive leadership roles at General Electric Company (GE). During his three-decade career at GE, Dineen was responsible for a broad range of business lines and tens of thousands of employees across the global company. Most recently, Dineen served as Pres
FREMONT, Calif., Feb. 9, 2023 /PRNewswire/ -- Lam Research Corp. (NASDAQ:LRCX) today announced that Dr. Ho Kyu Kang has joined its board of directors, effective February 7, 2023. Dr. Kang brings to Lam four decades of experience in leading-edge semiconductor engineering and development. LRCX) today announced that Dr. Ho Kyu Kang has joined its board of directors, effective February 7, 2023. Dr. Kang Chair Professor of the Department of Systems Semiconductor Engineering at Yonsei University in Seoul, South Korea and During his distinguished 35-year career at Samsung, Dr. Kang held a range of leadership positions and drove the
FREMONT, Calif., Nov. 16, 2021 (GLOBE NEWSWIRE) -- Lam Research Corporation (NASDAQ:LRCX) today announced Jyoti Mehra has joined its board of directors, effective November 9th. A renowned expert in human capital, Mehra specializes in devising strategies that promote a diverse and inclusive workforce, elevate team performance, and attract, develop, and retain employee talent. She currently serves as executive vice president of human resources at Gilead Sciences, Inc., where she is responsible for leading the company's people strategy and building an inclusive, collaborative culture.Prior to joining Gilead in 2017, Mehra held a senior leadership position with Novartis Pharmaceuticals Corp
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FREMONT, Calif., Feb. 6, 2025 /PRNewswire/ -- Lam Research Corporation (NASDAQ:LRCX) today announced that its Board of Directors has approved a quarterly dividend of $0.23 per share of common stock. The dividend payment will be made on April 9, 2025, to stockholders of record on March 5, 2025. Future dividend payments are subject to review and approval by the Board of Directors. About Lam Research: Lam Research Corporation is a global supplier of innovative wafer fabrication equipment and services to the semiconductor industry. Lam's equipment and services allow customers to build smaller and better performing devices. In fact, today, nearly every advanced chip is built with Lam technology.
FREMONT, Calif., Jan. 29, 2025 /PRNewswire/ -- Lam Research Corporation (the "Company," "Lam," "Lam Research") today announced financial results for the quarter ended December 29, 2024 (the "December 2024 quarter"). Highlights for the December 2024 quarter were as follows: Revenue of $4.38 billion.U.S. GAAP gross margin of 47.4%, U.S. GAAP operating income as a percentage of revenue of 30.5%, and U.S. GAAP diluted EPS of $0.92.Non-GAAP gross margin of 47.5%, non-GAAP operating income as a percentage of revenue of 30.7%, and non-GAAP diluted EPS of $0.91.Key Financial Data for the Quarters Ended December 29, 2024 and September 29, 2024 (in thousands, except per-share data, percentages, and ba
FREMONT, Calif., Jan. 6, 2025 /PRNewswire/ -- Lam Research Corp. (NASDAQ:LRCX) today announced that the company will host its quarterly financial conference call and webcast on Wednesday, January 29, 2025, beginning at 2:00 p.m. Pacific Standard Time (5:00 p.m. Eastern Standard Time). Webcast: To access the webcast, visit the Investors section of Lam's website athttp://www.lamresearch.com and click on the Investors/InvestorsOverview/Events & Presentations section to view the details. Replay Information: A webcast replay will be available on the Lam Research website approximately three hours after the conference call concludes. About Lam Research Lam Research Corporation (NASDAQ:LRCX) is a
FREMONT, Calif., Nov. 7, 2024 /PRNewswire/ -- Lam Research Corporation (NASDAQ:LRCX) today announced that its Board of Directors has approved a quarterly dividend of $0.23 per share of common stock. The dividend payment will be made on January 8, 2025, to holders of record on December 11, 2024. Future dividend payments are subject to review and approval by the Board of Directors. About Lam Research: Lam Research Corporation is a global supplier of innovative wafer fabrication equipment and services to the semiconductor industry. Lam's equipment and services allow customers to build smaller and better performing devices. In fact, today, nearly every advanced chip is built with Lam technolog
FREMONT, Calif., Oct. 23, 2024 /PRNewswire/ -- Lam Research Corporation (the "Company," "Lam," "Lam Research") today announced financial results for the quarter ended September 29, 2024 (the "September 2024 quarter"). On May 21, 2024, the Company announced a ten-for-one stock split which was effective October 2, 2024. All references made to share or per share amounts in this press release have been adjusted to reflect the stock split, unless otherwise indicated. Highlights for the September 2024 quarter were as follows: Revenue of $4.17 billion.U.S. GAAP gross margin of 48.0%, U.S. GAAP operating income as a percentage of revenue of 30.3%, and U.S. GAAP diluted EPS of $0.86.Non-GAAP gross ma
FREMONT, Calif., Oct. 2, 2024 /PRNewswire/ -- Lam Research Corp. (NASDAQ:LRCX) today announced that the company will host its quarterly financial conference call and webcast on Wednesday, October 23, 2024, beginning at 2:00 p.m. Pacific Daylight Time (5:00 p.m. Eastern Daylight Time). Webcast: To access the webcast, visit the Investors section of Lam's website at http://www.lamresearch.com and click on the Investors/InvestorsOverview/Events & Presentations section to view the details. Replay Information: A webcast replay will be available on the Lam Research website approximatelythree hours after the conference call concludes. About Lam Research Lam Research Corporation (NASDAQ:LRCX) is a
FREMONT, Calif., Aug. 29, 2024 /PRNewswire/ -- Lam Research Corporation (NASDAQ:LRCX) today announced that its Board of Directors has approved a $0.30, or 15%, increase in its quarterly dividend, from $2.00 to $2.30 per share of common stock. The dividend payment will be made on October 1, 2024, to holders of record on September 17, 2024. Future dividend payments are subject to review and approval by the Board of Directors. About Lam Research: Lam Research Corporation is a global supplier of innovative wafer fabrication equipment and services to the semiconductor industry. Lam's equipment and services allow customers to build smaller and better performing devices. In fact, today, nearly ever
FREMONT, Calif., July 31, 2024 /PRNewswire/ -- Lam Research Corporation (the "Company," "Lam," "Lam Research") today announced financial results for the quarter ended June 30, 2024 (the "June 2024 quarter"). Highlights for the June 2024 quarter were as follows: Revenue of $3.87 billion.U.S. GAAP gross margin of 47.5%, U.S. GAAP operating income as a percentage of revenue of 29.1%, and U.S. GAAP diluted EPS of $7.78.Non-GAAP gross margin of 48.5%, non-GAAP operating income as a percentage of revenue of 30.7%, and non-GAAP diluted EPS of $8.14. Key Financial Data for the Quarters Ended June 30, 2024 and March 31, 2024 (in thousands, except per-share data, percentages, and basis points) U.
FREMONT, Calif., July 10, 2024 /PRNewswire/ -- Lam Research Corp. (NASDAQ:LRCX) today announced that the company will host its quarterly financial conference call and webcast on Wednesday, July 31, 2024, beginning at 2:00 p.m. Pacific Daylight Time (5:00 p.m. Eastern Daylight Time). Webcast: To access the webcast, visit the Investors section of Lam's website at http://www.lamresearch.com and click on the Investors/Investors Overview/Events & Presentations section to view the details. Replay Information: A webcast replay will be available on the Lam Research website approximately three hours after the conference call concludes. About Lam Research Lam Research Corporation (NASDAQ:LRCX) is a gl
FREMONT, Calif., May 21, 2024 /PRNewswire/ -- Lam Research Corporation (NASDAQ:LRCX) today announced that its Board of Directors approved a $10 billion share repurchase authorization and a forward split of its outstanding shares of common stock at a ratio of 10:1. "The share repurchase authorization announced today will execute over an indeterminate period of time and is consistent with our plan to return 75% to 100% of free cash flow to stockholders in the form of dividends and share buybacks," said Doug Bettinger, Lam's Executive Vice President, and Chief Financial Officer. "Furthermore, the stock split announced today will enable a larger proportion of Lam's worldwide employee base to par