Last $78.65 USD
Change Today +0.01 / 0.01%
Volume 1.5M
LRCX On Other Exchanges
Symbol
Exchange
Frankfurt
As of 8:10 PM 11/21/14 All times are local (Market data is delayed by at least 15 minutes).

lam research corp (LRCX) Snapshot

Open
$79.57
Previous Close
$78.64
Day High
$79.68
Day Low
$78.35
52 Week High
11/11/14 - $81.28
52 Week Low
02/3/14 - $48.45
Market Cap
12.5B
Average Volume 10 Days
1.5M
EPS TTM
$3.70
Shares Outstanding
159.0M
EX-Date
12/8/14
P/E TM
21.3x
Dividend
$0.72
Dividend Yield
0.46%
Current Stock Chart for LAM RESEARCH CORP (LRCX)

lam research corp (LRCX) Related Businessweek News

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lam research corp (LRCX) Details

Lam Research Corporation designs, manufactures, markets, refurbishes, and services semiconductor processing systems used in the fabrication of integrated circuits. The company provides thin film deposition products, including SABRE Product Family for copper damascene manufacturing; ALTUS systems deposit conformal atomic layer films for tungsten metallization applications; VECTOR family of plasma-enhanced chemical vapor deposition systems for the deposition of ashable hardmasks, oxides, nitrides, carbides, and anti-reflective layers; SPEED high-density plasma-chemical vapor deposition products for applications in STI, pre-metal dielectrics, inter-layer dielectrics, inter-metal dielectrics, and passivation layers; and SOLA ultraviolet thermal processing product family for the treatment of back-end-of-line low-k dielectric films and front-end-of-line silicon nitride strained films. The company also offers plasma etch products that remove materials from the wafer to create the features and patterns of a device. Its plasma etch products include 2300 Kiyo Product Family that provides solutions for conductor etch applications; 2300 Flex Product Family, which offers technologies and application-focused capabilities for dielectric etch applications; and 2300 Syndion Product Family that provides solutions to address multiple through-silicon via etch applications. In addition, the company provides photoresist strip systems, which remove the photoresist mask before a wafer proceeds to the next processing step; single-wafer wet and plasma-based wafer cleaning products that remove particles and residues from the wafer surface before or after adjacent processes; and refurbished and newly built legacy products. The company offers its products in the United States, Europe, Korea, Taiwan, Japan, Southeast Asia, and China. Lam Research Corporation was founded in 1980 and is headquartered in Fremont, California.

6,600 Employees
Last Reported Date: 11/3/14
Founded in 1980

lam research corp (LRCX) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $803.8K
Chief Financial Officer, Chief Accounting Off...
Total Annual Compensation: $494.2K
Chief Operating Officer and Executive Vice Pr...
Total Annual Compensation: $1.6M
Executive Vice President of Global Products G...
Total Annual Compensation: $475.0K
Chief Legal Officer, Senior Vice President an...
Total Annual Compensation: $408.1K
Compensation as of Fiscal Year 2014.

lam research corp (LRCX) Key Developments

Lam Research Corporation Approves Amendment and Restatement of Bylaws

On November 7, 2014, the Lam Research Corporation's Board of Directors approved the amendment and restatement of the company's Amended and Restated Bylaws. The Bylaws were amended and restated to provide the following, among other things: (a) With respect to proposals and director nominations brought before a meeting by stockholders. (b) Only the business specified in a notice of a special meeting (rather than brought before the meeting by the Board) may be conducted at such meeting. (c) The Amended Bylaws clarify when an election is deemed to be contested. The provision retains the standard that, in a contested election, directors will be elected by a plurality of the votes cast. (d) The Amended Bylaws provide a more detailed framework for the chairman and secretary of any stockholder meeting, except to the extent inconsistent with rules adopted by the Board, to regulate the conduct of stockholder meetings. (e) The chairman of the Board and the lead independent director have the authority to call a special meeting of the Board. (f) Finally, the Amended Bylaws provide that in certain cases where a communication is required, notice by electronic means shall be sufficient to fulfill the requirement.

Lam Research Corporation Declares Quarterly Dividend, Payable on January 7, 2015

Lam Research Corporation announced that its Board of Directors has approved a quarterly dividend of $0.18 per share of common stock. The dividend payment will be made on January 7, 2015 to holders of record on December 10, 2014.

Lam Research Corp. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended September 30, 2014; Provides Earnings Guidance for the Quarter Ending December 2014

Lam Research Corp. announced unaudited consolidated earnings results for the first quarter ended September 30, 2014. For the quarter, the company’s revenue for the September 2014 quarter was $1,152.368 million, and net income was $141.081 million, or $0.80 per diluted share on a GAAP basis. This compares to revenue of $1,248.797 million, and net income of $233.395 million, or $1.35 per diluted share, for the June 2014 quarter and revenue of $1,015.059 million, and net income of $85.506 million, or $0.50 per diluted share, for the September 2013. Deferred revenue at the end of the September 2014 quarter decreased to $356.8 million as compared to $361.6 million at the end of the June 2014 quarter. Deferred profit at the end of the September 2014 quarter increased to $251.8 million as compared to $235.9 million at the end of the June 2014 quarter. Net cash provided by operating activities was $141.161 million against $51.925 million a year ago. Capital expenditures and intangible assets was $41.871 million against $23.778 million a year ago. Non-GAAP revenue was $1,152.368 million against $1,248.797 million for the June 2014 quarter. Non-GAAP operating income was $206.874 million against $257.733 million for the June 2014 quarter. Non-GAAP net income was $167.7 million, or $0.96 per diluted share. This compares to non-GAAP net income of $217.2 million, or $1.25 per diluted share for the June 2014 quarter. The company provided earnings guidance for the quarter ending December 2014. For the quarter, on GAAP basis, the company expects to report shipments of $1.24 billion with +/- $50 million, revenue of $1.23 billion, with +/- $50 million, gross margin of 43.8%, with +/- 1%, earnings per share of $0.89, with +/- $0.07. On Non-GAAP basis, the company expects to report shipments of $1.24 billion with +/- $50 million, revenue of $1.23 billion, with +/- $50 million, gross margin of 45.5%, with +/- 1%, earnings per share of $1.12, with +/- $0.07.

 

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LRCX

Industry Average

Valuation LRCX Industry Range
Price/Earnings 20.1x
Price/Sales 2.7x
Price/Book 2.6x
Price/Cash Flow 18.2x
TEV/Sales 1.7x
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