Lam Research Corporation (LRCX) Stock

About Lam Research Corporation

Lam Research Corporation is a prominent supplier of equipment vital for semiconductor processing, encompassing its design, production, sales, repair, and ongoing maintenance. These sophisticated systems are fundamental for the creation of integrated circuits. The company's extensive product catalog features a variety of deposition technologies. For tungsten metallization, they provide ALTUS systems that deposit conformal films. SABRE products excel in electrochemical deposition, crucial for copper interconnect transitions and enabling copper damascene manufacturing. SOLA utilizes ultraviolet thermal processing for film treatments, while VECTOR delivers plasma-enhanced chemical vapor deposition (CVD) and atomic layer deposition (ALD) solutions. Furthermore, SPEED addresses gapfill applications with its high-density plasma CVD products, and Striker is engineered for single-wafer atomic layer deposition of dielectric films. Beyond deposition, Lam Research offers a comprehensive suite of etching tools. Flex is designed for dielectric etch applications, Kiyo handles conductor etch processes, Syndion specializes in through-silicon via etching, and Versys metal products are used for metal etch processes. The company's offerings also extend to specialized solutions like Coronus, which enhances die yield through bevel cleaning. For various wafer cleaning requirements, Lam Research supplies multiple product lines, including Da Vinci, DV-Prime, EOS, and SP series. Additionally, Metryx mass metrology systems provide precise, in-line mass measurement capabilities for semiconductor wafer manufacturing. Lam Research serves the global semiconductor industry, distributing its technologies and services across the United States, China, Europe, Japan, Korea, Southeast Asia, Taiwan, and other international markets. Established in 1980, the company maintains its corporate headquarters in Fremont, California.

Lam Research Corporation is led by CEO Timothy Archer, employs 18,600 people, headquartered in Fremont, US, publicly traded since 1984.

Lam Research Corporation (LRCX) stock trades at $252.35 with a market capitalization of $315.58B. The stock is valued at a price-to-earnings (P/E) ratio of 55.48, price-to-book of 34.74, price-to-sales of 21.30. Over the past 52 weeks the stock has ranged between $62.56 and $436.69, and currently trades 42.2% below its 52-week high. It pays a dividend yielding 0.27%.

On profitability, Lam Research Corporation generates a return on equity (ROE) of 66.76% — well above the market average, a sign of a high-quality business, return on capital employed of 59.84%, an operating margin of 32.01%, a net profit margin of 30.94%.

In its most recent fiscal year, Lam Research Corporation reported annual revenue of $18.4B, net profit of $5.4B, revenue has compounded at 12.9% a year over the last five years, profit at 18.9% a year. Profit growing faster than revenue points to expanding margins.

The balance sheet shows a debt-to-equity ratio of 0.35 — a conservative balance sheet with little leverage risk, a current ratio of 2.21, total assets of $21.3B, $6.4B in cash and equivalents.

LRCX has an average daily trading volume of 11,750,259 shares, a beta of 1.87 (more volatile than the overall market).

Official website: www.lamresearch.com