Lam Research Stock Rises 1.33%, Dips in After-Hours Trading

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Lam Research Corporation (LRCX) experienced fluctuations in its stock price on July 10, closing at $1,127.30, marking a gain of $14.75 or 1.33%. However, post-market activities saw a minor decline, with the stock dipping by $3.10 to settle at $1,124.20 as of 7:52 PM EDT. The company’s stock opened the day at $1,115.48, having previously closed at $1,112.55. Throughout the day, the stock traded in a range between $1,106.75 and $1,129.50.

Notably, the 52-week range for Lam Research’s stock has shown significant growth, moving from a low of $574.42 to a high of $1,129.50. The day’s trading volume stood at 772,489 shares, slightly below the company’s average volume of 972,014 shares. Currently, Lam Research’s market capitalization is valued at $147.384 billion.

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Key financial metrics for the company include a beta value of 1.49 over five years on a monthly basis, a price-to-earnings (PE) ratio of 41.32, and earnings per share (EPS) standing at $27.28. Looking ahead, the company’s earnings date is slated for July 31, 2024. Lam Research’s forward dividend and yield are $8.00 (0.71%), with the ex-dividend date set for June 18, 2024. Analysts have set a one-year target estimate for the stock at $1,019.95.

Lam Research Corporation, incorporated in 1980 and based in Fremont, California, specializes in designing, manufacturing, marketing, refurbishing, and servicing semiconductor processing equipment, essential for integrated circuit fabrication. The company’s product offerings are extensive, including ALTUS systems for tungsten metallization applications, SABRE electrochemical deposition products for copper damascene manufacturing, SOLA ultraviolet thermal processing products, and VECTOR plasma-enhanced CVD ALD products.

Additionally, Lam Research provides SPEED gapfill high-density plasma chemical vapor deposition products and Striker single-wafer atomic layer deposition products for dielectric film solutions. Etching solutions from the company include the Flex system for dielectric etching, Kiyo for conductor etching, and Syndion for through-silicon via etching. Versys metal products cater to metal etch processes.

Further enhancing their product lineup, Lam Research offers Coronus bevel clean products to boost die yield, Da Vinci, DV-Prime, EOS, and SP series products for various wafer cleaning applications, and Metryx mass metrology systems for high-precision in-line mass measurement in semiconductor wafer manufacturing. The company serves the semiconductor industry worldwide, including markets in the United States, China, Europe, Japan, Korea, Southeast Asia, and Taiwan.