Shares of Lam Research have moved -1.4% today, and are now trading at a price of $621.44. In contrast, the S&P 500 index saw a 1.0% change. Today's trading volume is 749,923 compared to the stock's average volume of 1,357,334.
Lam Research Corporation designs, manufactures, markets, refurbishes, and services semiconductor processing equipment used in the fabrication of integrated circuits. Based in Fremont, United States the company has 18,700 full time employees and a market cap of $83,484,246,016. Lam Research currently offers its equity investors a dividend that yields 1.1% per year.
The company is now trading 12.35% away from its average analyst target price of $553.14 per share. The 22 analysts following the stock have set target prices ranging from $309.0 to $725.0, and on average give Lam Research a rating of buy.
Over the last year, LRCX shares have gone up 50.6%, which represents a difference of 31.0% when compared to the S&P 500. The stock's 52 week high is $644.6 per share whereas its 52 week low is $299.59. Based on Lam Research's compound average gross margins growth rate of 0.3% over the last 4 years, its core business remains strong and the stock price may maintain this level of performance.
| Date Reported | Revenue ($ k) | Cost of Revenue ($ k) | Gross Margins (%) | YoY Growth (%) |
|---|---|---|---|---|
| 2022-06-30 | 17,227,039 | 9,355,232 | 45.69 | -1.81 |
| 2021-06-30 | 14,626,150 | 7,820,844 | 46.53 | 1.42 |
| 2020-06-30 | 10,044,736 | 5,436,043 | 45.88 | 1.62 |
| 2019-06-30 | 9,653,559 | 5,295,100 | 45.15 | n/a |
