Type
|
Public |
---|---|
Traded as | NASDAQ: LRCX NASDAQ-100 Component S&P 500 Component |
Industry | Semiconductor equipment |
Founded | 1980 (1980) |
Founder | David K. Lam |
Headquarters | Fremont, California, United States |
Key people
|
Martin Anstice, CEO and President Stephen G. Newberry, Chairman of the Board |
Products | Semiconductor manufacturing products |
Revenue |
|
Operating income
|
|
Net income
|
|
Total assets |
|
Total equity |
|
Number of employees
|
9,100 (2017) |
Website | www |
Lam Research Corporation is an American corporation that engages in the design, manufacture, marketing, and service of semiconductor processing equipment used in the fabrication of integrated circuits. Its products are used primarily in front-end wafer processing, which involves the steps that create the active components of semiconductor devices (transistors, capacitors) and their wiring (interconnects). The company also builds equipment for back-end wafer-level packaging (WLP), and for related manufacturing markets such as for microelectromechanical systems (MEMS).
Lam Research was founded in 1980 by Dr. David K. Lam and is headquartered in Fremont, California, in the Silicon Valley.
Lam Research was founded in 1980 by David K. Lam, a Chinese-born engineer who had previously worked at Xerox, Hewlett-Packard and Texas Instruments. It was while he was at Hewlett Packard that he saw the need for better plasma etching equipment, to keep up with the rapid miniaturization of semiconductor wafers. He credited Bob Noyce, founder of Intel, for assisting him in getting funding by ensuring his business plan made sense.
In 1981, the company introduced its first product, the AutoEtch 480, an automated polysilicon plasma etcher. The name AutoEtch was chosen to convey that the etcher was automated, while the 80 in 480 came from 1980, the year the company was founded. The first system was sold in January 1982. In 1982, Roger Emerick was appointed CEO.
In May 1984, the company issued an IPO and was listed on NASDAQ, with the symbol LRCX. In 1985, David Lam left the company to join Link Technologies, which eventually was bought by Wyse and is now Dell Wyse. In the mid-1980s, Lam Research continued its global expansion, concentrating on Taiwan and also opening customer support centers throughout Europe, the United States and Japan.
By the early 1990s, the company had a presence in China, Korea, Singapore, and Taiwan. In March 1997, the company purchased OnTrak Systems Inc., a chip equipment manufacturer that specialized in chemical-mechanical planarization (CMP) cleaning, for $225 Million. CMP cleaning is a hybrid process to smooth surfaces using both etching and mechanical polishing. In August 1997, the company named OnTrak's CEO Jim Bagley as its CEO. In 1998, Bagley was named chairman of the board.
In 2005, Steve Newberry was appointed as CEO. In 2006, Lam Research acquired Bullen Semiconductor, now Silfex, Inc. In 2008, Lam Research acquired SEZ AG, now Lam Research AG. In 2011, Lam Research agreed to buy San Jose, California chip equipment manufacturer Novellus Systems, for $3.3B. The deal was completed in June 2012. In 2012, Martin Anstice was appointed as CEO. In October 2015, Lam Research announced plans to buy Milpitas, California-based wafer inspection equipment vendor KLA-Tencor for $10.6B, in what was viewed as a semiconductor industry consolidation move. In June 2016, it was announced that Lam Research had joined the Fortune 500 for the first time. In October 2016, the company announced it had terminated its offer for KLA-Tencor amidst concerns that the deal would not meet regulatory approval from the U.S. Department of Justice over antitrust concerns.
Lam Research designs and builds products for semiconductor manufacturing, including equipment for thin film deposition, plasma etch, photoresist strip, and wafer cleaning processes. Repeated throughout semiconductor manufacturing, these technologies help create transistors, interconnects, advanced memory, and packaging structures. They are also used for applications in related markets like microelectromechanical systems (MEMS) and light-emitting diodes (LEDs).
Lam's thin film deposition systems lay down the sub-microscopic layers of conducting (metal) or insulating (dielectric) materials that make up an integrated circuit. The processes require uniformity at the nanoscale level.
The company employs electrochemical deposition (ECD) and chemical vapor deposition (CVD) technologies to form copper and other metal films for conducting structures. Atomic layer deposition (ALD) is also used for tungsten metal films in features like contacts and plugs, which are vertical connections between metal lines in multilevel interconnect chip designs.
Plasma-enhanced (PE) CVD and ALD technologies create dielectric films for a wide range of insulating parts. For gapfill processes, which require depositing dielectric material into narrow spaces, Lam uses high-density plasma (HDP) CVD technology. PECVD and ALD are also used to form hardmasks, layers which can be removed to improve circuit patterning processes.
Lam Research uses proprietary technology in its equipment for plasma etch, the process of selectively removing materials from the surface of a wafer in order to create the semiconductor device's features and patterns. The equipment helps chip manufacturers carve small features such as those needed for the latest multiple patterning sequences, transistors, and advanced memory structures, which involve increasingly complex film stacks and ever higher aspect ratio structures.
The company uses reactive ion etch (RIE) and atomic layer etching (ALE) to shape a variety of conductive and dielectric features. The company’s deep RIE technologies help create structures for applications like MEMS and through-silicon vias (TSVs).
Lam’s dry strip systems use plasma technology to selectively remove the photoresist mask following a range of front-end wafer processing and advanced packaging applications.
Lam Research's wet spin clean and plasma-based bevel clean products remove particles, residues, and films from the wafer surface before or after adjacent processes.
The company’s spin wet clean technology is used between chip-processing steps to remove yield-limiting residues and defects. Lam’s bevel clean technology directs a plasma at the very edge of the wafer to clean unwanted particles, residues, and films. If not removed, these materials can impact yield if they flake off and re-deposit on the device area during subsequent manufacturing steps.
The company markets its products and services primarily to companies involved in the production of semiconductors in the United States, Europe and Asia.
Lam has manufacturing facilities in the United States, Austria, and Korea and sales and services offices throughout the United States, Europe, and Asia.
Period | Date | Adjusted Actuals EPS | GAAP EPS |
---|---|---|---|
Q3 2023 | 2023-04-19 | Future report Set alerts | |
Q2 2023 | 2023-01-25 | 10.71 | 10.71 |
Q1 2023 | 2022-10-19 | 10.42 | 10.42 |
Q4 2022 | 2022-07-27 | 8.83 | 8.83 |
Q3 2022 | 2022-04-20 | 7.40 | 7.40 |
Q2 2022 | 2022-01-26 | 8.53 | 8.53 |
Q1 2022 | 2021-10-20 | 8.36 | 8.36 |
Q4 2021 | 2021-07-28 | 8.09 | 8.09 |
Q3 2021 | 2021-04-21 | 7.49 | 7.49 |
Q2 2021 | 2021-01-27 | 6.03 | 6.03 |
2016-07-12 | Reiterated Rating | Cowen and Company | Outperform | $85.00 |
2016-06-25 | Reiterated Rating | Needham & Company LLC | Buy | |
2016-06-23 | Boost Price Target | Nomura | Buy | $85.00 to $95.00 |
2016-06-23 | Boost Price Target | Nomura Holdings Inc. | Buy | $85.00 to $95.00 |
2016-05-23 | Reiterated Rating | B. Riley | Buy | $96.00 |
2016-05-18 | Reiterated Rating | B. Riley | Buy | $96.00 |
2016-05-16 | Lower Price Target | Cowen and Company | Outperform | $93.00 to $85.00 |
2016-04-26 | Reiterated Rating | B. Riley | Buy | $96.00 |
2016-04-21 | Reiterated Rating | Deutsche Bank | Buy | $95.00 |
2016-04-21 | Boost Price Target | Cowen and Company | Outperform | $90.00 to $93.00 |
2016-04-21 | Reiterated Rating | B. Riley | Buy | $90.00 to $96.00 |
2016-04-21 | Reiterated Rating | Deutsche Bank AG | Buy | $95.00 |
2016-04-18 | Reiterated Rating | Needham & Company LLC | Buy | $88.00 to $95.00 |
2016-03-29 | Boost Price Target | Susquehanna | $76.00 to $80.00 | |
2016-03-27 | Reiterated Rating | Deutsche Bank | Buy | |
2016-03-16 | Initiated Coverage | RBC Capital | Outperform | $92.00 |
2016-03-16 | Initiated Coverage | Royal Bank Of Canada | Outperform | $92.00 |
2016-01-30 | Reiterated Rating | B. Riley | Buy | $90.00 |
2016-01-28 | Reiterated Rating | Deutsche Bank | Buy | $95.00 |
2016-01-25 | Reiterated Rating | B. Riley | Buy | $98.00 |
2016-01-19 | Reiterated Rating | Stifel Nicolaus | Buy | |
2015-12-15 | Initiated Coverage | Morgan Stanley | Overweight | $95.00 |
2015-12-10 | Boost Price Target | Cowen and Company | Outperform | $85.00 to $90.00 |
2015-12-08 | Reiterated Rating | Bank of America | Buy | $100.00 |
2015-12-08 | Reiterated Rating | Bank of America Corp. | Buy | $100.00 |
2015-10-27 | Reiterated Rating | B. Riley | Buy | $98.00 |
2015-10-23 | Downgrade | Citigroup Inc. | Buy | $97.00 to $91.00 |
2015-10-22 | Reiterated Rating | Deutsche Bank | Buy | $95.00 to $85.00 |
2015-10-22 | Boost Price Target | RBC Capital | Underperform | $52.00 to $56.00 |
2015-10-22 | Reiterated Rating | B. Riley | Buy | $101.00 to $98.00 |
2015-10-21 | Boost Price Target | Cowen and Company | $85.00 | |
2015-10-19 | Lower Price Target | Cowen and Company | Outperform | $85.00 to $80.00 |
2015-10-13 | Lower Price Target | JPMorgan Chase & Co. | $95.00 to $88.00 | |
2015-10-12 | Reiterated Rating | Deutsche Bank | Buy | $85.00 |
2015-10-09 | Lower Price Target | Needham & Company LLC | Buy | $95.00 to $88.00 |
2015-10-08 | Lower Price Target | Pacific Crest | $98.00 to $91.00 | |
2015-10-06 | Reiterated Rating | Piper Jaffray | Buy | $94.00 |
2015-10-06 | Reiterated Rating | Piper Jaffray Cos. | Buy | $94.00 |
2015-10-05 | Downgrade | RBC Capital | Sector Perform to Underperform | $76.00 to $52.00 |
2015-09-29 | Lower Price Target | Nomura | Buy | $90.00 to $80.00 |
2015-09-28 | Reiterated Rating | Goldman Sachs | Buy | $100.00 |
2015-09-28 | Lower Price Target | Cowen and Company | $98.00 to $85.00 | |
2015-09-28 | Reiterated Rating | Goldman Sachs Group Inc. | Buy | $100.00 |
2015-09-21 | Lower Price Target | Susquehanna | Neutral | $84.00 to $76.00 |
2015-09-17 | Reiterated Rating | Pacific Crest | Buy | $100.00 to $98.00 |
2015-07-31 | Reiterated Rating | RBC Capital | Outperform | $76.00 |
2015-07-31 | Reiterated Rating | Piper Jaffray | Overweight | $94.00 |
2015-07-30 | Reiterated Rating | Pacific Crest | Overweight to Outperform | $100.00 |
2015-07-30 | Reiterated Rating | B. Riley | Buy | $101.00 |
2015-07-29 | Reiterated Rating | Deutsche Bank | Buy | $100.00 |
2015-07-28 | Reiterated Rating | Citigroup Inc. | Top Pick | $100.00 to $97.00 |
2015-07-17 | Reiterated Rating | Summit Research | Buy | |
2015-07-16 | Reiterated Rating | Piper Jaffray | Overweight | $94.00 |
2015-07-15 | Reiterated Rating | Deutsche Bank | Buy | $100.00 |
2015-07-14 | Reiterated Rating | Cowen and Company | Buy | $98.00 |
2015-07-10 | Boost Price Target | Susquehanna | Neutral | $75.00 to $81.00 |
2015-07-02 | Reiterated Rating | Cowen and Company | Buy | |
2015-07-01 | Boost Price Target | Cowen and Company | Outperform | $93.00 to $98.00 |
2015-06-17 | Reiterated Rating | Credit Suisse | Outperform | $105.00 |
2015-06-17 | Reiterated Rating | Credit Suisse Group AG | Outperform | $105.00 |
2015-05-28 | Reiterated Rating | Goldman Sachs | Buy | |
2015-05-11 | Reiterated Rating | Deutsche Bank | Buy | $100.00 |
2015-05-10 | Reiterated Rating | JPMorgan Chase & Co. | Overweight | |
2015-04-21 | Reiterated Rating | Deutsche Bank | Buy | $95.00 to $100.00 |
2015-04-21 | Boost Price Target | Credit Suisse | Outperform | $102.00 to $105.00 |
2015-04-21 | Boost Price Target | JPMorgan Chase & Co. | Overweight | $88.00 to $95.00 |
2015-04-21 | Boost Price Target | Needham & Company LLC | $93.00 to $95.00 | |
2015-04-21 | Lower Price Target | RBC Capital | Sector Perform | $82.00 to $76.00 |
2015-04-21 | Boost Price Target | Cowen and Company | Outperform | $88.00 to $93.00 |
2015-04-21 | Reiterated Rating | B. Riley | Buy | $101.00 |
2015-04-14 | Lower Price Target | KeyBanc | Overweight | $103.00 to $100.00 |
2015-04-14 | Lower Price Target | KeyCorp | Overweight | $103.00 to $100.00 |
2015-03-20 | Lower Price Target | Needham & Company LLC | Buy | $95.00 to $93.00 |
2015-01-29 | Boost Price Target | JPMorgan Chase & Co. | Overweight | $84.00 to $88.00 |
2015-01-29 | Boost Price Target | Needham & Company LLC | $95.00 | |
2015-01-29 | Boost Price Target | Jefferies Group | Buy | $83.00 to $93.00 |
2015-01-29 | Lower Price Target | Credit Suisse | Outperform | $104.00 to $102.00 |
2015-01-29 | Boost Price Target | Pacific Crest | Outperform | $84.00 to $103.00 |
2015-01-29 | Boost Price Target | Cowen and Company | Top Pick to Outperform | $85.00 to $88.00 |
2015-01-29 | Boost Price Target | RBC Capital | Sector Perform | $72.00 to $82.00 |
2015-01-29 | Reiterated Rating | B. Riley | Buy | $95.00 |
2015-01-26 | Boost Price Target | DA Davidson | Buy | $90.00 to $100.00 |
2015-01-20 | Reiterated Rating | Credit Suisse | Outperform | $85.00 to $104.00 |
2015-01-09 | Boost Price Target | Needham & Company LLC | Buy | $84.00 to $93.00 |
2014-12-19 | Reiterated Rating | B. Riley | Buy | $95.00 |
2014-12-18 | Upgrade | Citigroup Inc. | Neutral to Buy | $100.00 |
2014-12-12 | Reiterated Rating | B. Riley | Buy | $95.00 |
2014-12-09 | Boost Price Target | Stifel Nicolaus | Buy | $84.00 to $93.00 |
2014-12-08 | Reiterated Rating | Deutsche Bank | Buy | $95.00 to $81.00 |
2014-12-08 | Boost Price Target | Bank of America | Buy | $80.00 to $92.00 |
2014-11-28 | Initiated Coverage | Berenberg Bank | Buy | $95.00 |
2014-10-23 | Reiterated Rating | Jefferies Group | Buy | $80.00 to $83.00 |
2014-10-23 | Reiterated Rating | JPMorgan Chase & Co. | Overweight | $80.00 to $84.00 |
2014-10-13 | Boost Price Target | Goldman Sachs | Buy to Conviction-Buy | $78.00 to $85.00 |
2014-07-31 | Reiterated Rating | Citigroup Inc. | Neutral | $70.00 to $74.00 |
2014-07-31 | Boost Price Target | Stifel Nicolaus | Buy | $81.00 to $84.00 |
2014-07-31 | Boost Price Target | Susquehanna | $56.00 to $60.00 | |
2014-07-31 | Reiterated Rating | Jefferies Group | Buy | $84.00 to $80.00 |
2014-07-31 | Boost Price Target | JPMorgan Chase & Co. | Overweight | $70.00 to $80.00 |
2014-07-31 | Boost Price Target | RBC Capital | $62.00 to $70.00 | |
2014-07-11 | Reiterated Rating | Jefferies Group | Buy | $75.00 to $84.00 |
2014-07-10 | Boost Price Target | DA Davidson | Buy | $80.00 to $90.00 |
2014-07-09 | Initiated Coverage | Piper Jaffray | Overweight | |
2014-07-09 | Reiterated Rating | Stifel Nicolaus | Buy | $67.00 to $80.00 |
2014-07-09 | Boost Price Target | Nomura | Buy | $70.00 to $75.00 |
2014-07-08 | Reiterated Rating | Cowen and Company | Outperform | |
2014-06-30 | Reiterated | Stifel | Buy | $69 to $81 |
2014-06-30 | Boost Price Target | Stifel Nicolaus | Buy | $69.00 to $81.00 |
2014-06-27 | Reiterated | Needham | Buy | $67 to $82 |
2014-06-27 | Boost Price Target | Needham & Company LLC | Buy | $67.00 to $82.00 |
2014-06-27 | Boost Price Target | Deutsche Bank | Buy | $62.00 to $81.00 |
2014-06-26 | Boost Price Target | B. Riley | Buy | $67.00 to $80.00 |
2014-06-25 | Reiterated Rating | Citigroup Inc. | Neutral | $56.00 to $70.00 |
2014-06-23 | Reiterated | Cowen | Outperform | $63 to $80 |
2014-06-23 | Boost Price Target | Cowen and Company | Outperform | $63.00 to $80.00 |
2014-06-02 | Initiated Coverage | Jefferies Group | Buy | $75.00 |
2014-05-12 | Boost Price Target | RBC Capital | $57.00 to $62.00 | |
2014-04-24 | Reiterated Rating | B. Riley | Buy | $67.00 |
2014-04-24 | Reiterated Rating | Citigroup Inc. | Hold | $56.00 |
2014-04-24 | Boost Price Target | Deutsche Bank | Buy | $58.00 to $62.00 |
2014-04-24 | Boost Price Target | Needham & Company LLC | $63.00 to $67.00 | |
2014-04-24 | Boost Price Target | Pacific Crest | Outperform | $62.00 to $65.00 |
2014-04-24 | Boost Price Target | Credit Suisse | Outperform | $60.00 to $68.00 |
2014-04-24 | Boost Price Target | JPMorgan Chase & Co. | $65.00 to $70.00 | |
2014-04-24 | Boost Price Target | Cowen and Company | Outperform | $58.00 to $60.00 |
2014-04-24 | Reiterated Rating | Nomura | Buy | $70.00 |
2014-04-10 | Initiated Coverage | Evercore ISI | Strong-Buy | $70.00 |
2014-03-20 | Initiated Coverage | Nomura | Buy | $65.00 |
2014-03-10 | Upgrade | Ned Davis Research | Neutral to Buy | |
2014-02-03 | Downgrade | RBC Capital | Outperform to Sector Perform | $62.00 to $57.00 |
2014-01-30 | Boost Price Target | DA Davidson | $63.00 | |
2013-11-11 | Downgrade | Susquehanna | Positive to Neutral | $63.00 to $60.00 |
2013-10-25 | Boost Price Target | DA Davidson | Buy | $60.00 to $63.00 |
2013-10-24 | Boost Price Target | Susquehanna | Positive | $57.00 to $63.00 |
2013-10-24 | Boost Price Target | Piper Jaffray | Overweight | $56.00 to $59.00 |
2013-10-24 | Boost Price Target | Pacific Crest | Outperform | $55.00 to $62.00 |
2013-10-24 | Boost Price Target | Needham & Company LLC | Buy | $60.00 to $63.00 |
2013-10-24 | Boost Price Target | Credit Suisse | Outperform | $58.00 to $60.00 |
2013-10-24 | Boost Price Target | Northland Securities | Outperform | $58.00 to $65.00 |
2013-10-24 | Upgrade | Goldman Sachs | Neutral to Buy | $45.00 to $64.00 |
2013-10-21 | Boost Price Target | Stifel Nicolaus | Buy | $57.00 to $66.00 |
2013-10-14 | Initiated Coverage | JPMorgan Chase & Co. | Underweight to Overweight | $65.00 |
2013-10-08 | Boost Price Target | B. Riley | Buy | $58.00 to $63.00 |
2013-07-23 | Initiated | RBC Capital Mkts | Outperform | $61 |
2013-06-03 | Reiterated | Needham | Buy | $53 to $60 |
2013-05-22 | Downgrade | Standpoint Research | Buy to Hold | |
2013-01-10 | Reiterated | Needham | Hold | $40 to $43 |
2013-01-02 | Initiated | DA Davidson | Buy | $56 |
2012-11-09 | Reiterated | Barclays | Overweight | $39 to $44 |
2012-10-08 | Reiterated | Needham | Buy | $42 to $38 |
2016-07-12 | Reiterated Rating | Cowen and Company | Outperform | $85.00 |
2016-06-25 | Reiterated Rating | Needham & Company LLC | Buy | |
2016-06-23 | Boost Price Target | Nomura | Buy | $85.00 to $95.00 |
2016-06-23 | Boost Price Target | Nomura Holdings Inc. | Buy | $85.00 to $95.00 |
2016-05-23 | Reiterated Rating | B. Riley | Buy | $96.00 |
There is presents forecasts of rating agencies and recommendations for investors about this ticker
In LRCX 767 funds of 2213 total. Show all
Fund name | Ticker shares |
---|---|
Vanguard Group, Inc | 11.66M |
BlackRock Inc. | 10.93M |
STATE STREET CORP | 5.65M |
AMERIPRISE FINANCIAL INC | 5.42M |
FMR LLC | 4.89M |
BlackRock Institutional Trust Company, N.A. | 4.30M |
JPMORGAN CHASE & CO | 3.87M |
JANUS CAPITAL MANAGEMENT LLC | 3.61M |
BlackRock Fund Advisors | 3.34M |
HENDERSON GROUP PLC | 2.68M |
GEODE CAPITAL MANAGEMENT, LLC | 2.47M |
SANDS CAPITAL MANAGEMENT, LLC | 2.40M |
Fisher Asset Management, LLC | 2.27M |
BlackRock Group LTD | 1.75M |
CITADEL ADVISORS LLC | 1.65M |
Name Relationship | Total Shares | Holding stocks |
---|---|---|
Anstice Martin B President and CEO | 0.08% (129136) | LRCX / |
INMAN GRANT M | 0.05% (87638) | LRCX / PAYX / |
ARCHER TIMOTHY Chief Operating Officer | 0.04% (66089) | LRCX / |
Varadarajan Seshasayee Group Vice President | 0.04% (63552) | LRCX / |
Gottscho Richard A Executive Vice President | 0.04% (60223) | LRCX / |
SPIVEY WILLIAM | 0.04% (60016) | CSCD / LRCX / RTN / |
MADDOCK ERNEST E Chief Financial Officer | 0.03% (55365) | ISIL / LRCX / MU / RVBD / |
Bettinger Douglas R EVP, Chief Financial Officer | 0.03% (55206) | LRCX / |
Lego Catherine P | 0.03% (49248) | CY / FCS / IPGP / LRCX / SNDK / |
Vahedi Vahid Group Vice President | 0.03% (45947) | LRCX / |
O'Dowd Sarah A SVP, Chief Legal Officer | 0.02% (37832) | LRCX / |
BRANDT ERIC | 0.02% (27440) | LRCX / XRAY / YHOO / |
TALWALKAR ABHIJIT Y | 0.02% (24340) | AMD / IRTC / LRCX / LSI / TEL / |
Saraswat Krishna | 0.01% (23896) | LRCX / |
EL MANSY YOUSSEF A | 0.01% (23010) | LRCX / |
Meikle Scott Gerald Senior Vice President | 0.01% (21458) | LRCX / |
CANNON MICHAEL R | 0.01% (14740) | ADBE / LRCX / STX / |
LORD PATRICK J Group Vice President | 0.01% (9761) | LRCX / |
NEWBERRY STEPHEN G Chairman | 0.01% (8497) | LRCX / NANO / SPLK / |