Lam Research Corporation

Valuation Analysis

About the Company

Lam Research Corporation en bref

Lam Research Corporation (LRCX) is currently trading at 339,05 € with a market capitalization of 424,0 Md €. The trailing P/E ratio stands at 73.66x, with a forward P/E of 48.76x. The 52-week range spans from 76,50 € to 349,58 €; the current price is 3% below the yearly high. Year-over-year revenue growth stands at +23.8%. The net profit margin stands at 30.94%.

💰 Dividende

Lam Research Corporation pays an annual dividend of 0,91 € per share, representing a yield of 0.27%. The payout ratio stands at 19.09%.

📊 Avis des analystes

32 analystes évaluent Lam Research Corporation (LRCX) au consensus : Acheter. L'objectif de cours moyen est de 283,81 €, soit un potentiel de -16.29% par rapport au cours actuel. La fourchette des objectifs de cours des analystes va de 191,79 € à 370,50 €.

Lam Research Corporation : la thèse d'investissement en détail

Lam Research Corporation (LRCX) operates in the Technology — specifically Semiconductor Equipment & Materials — and is headquartered in United States. Below is a structured read of the investment case built directly from the latest fundamentals, valuation multiples, analyst positioning and smart-money flows. Each section translates raw numbers into the investment logic they imply, so you can decide whether the risk/reward fits your portfolio.

Le scénario haussier

Revenue is growing at a healthy 23.8% pace year-over-year, suggesting the business model continues to find new customers and pricing power. Earnings growth of 40.8% is outpacing revenue, a sign of operational leverage — fixed costs are being absorbed across a larger base. The combination of a 49.98% gross margin and 35.04% operating margin shows the business converts revenue into profit efficiently — a hallmark of competitive moat.

Le scénario baissier

With a beta near 1.87, the share price moves sharply more than the broader market — drawdowns in market corrections can be unusually severe and require strong nerves. Our valuation screen flags the stock as overvalued — current multiples imply the business needs to deliver well above its recent trajectory to justify the price.

Valorisation en contexte

The EV/EBITDA multiple of 58.73x reflects rich expectations — historically, multiples at this level have proven hard to maintain for more than a few quarters.

À surveiller

• The forward P/E of 48.76x is meaningfully below the trailing 73.66x — analysts expect earnings to step up; the next earnings release is the test.
• The share is trading at 96.1% of its 52-week range — a break above the recent high opens technical upside, a failure here often invites profit-taking.

Thèse d'investissement : forces et faiblesses

Aperçu technique

Price trades above both the 50- and 200-day moving averages, with 50d above 200d — a classic bullish setup (golden-cross alignment).

Profil de risque

The data points to above-average price swings.

Trading Data

💵 Dividend Info

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