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46.95 (1y: +25%)
Market Cap 7.8 B P/E(ttm) 155.00
Enterprise Value 6.74 B P/B 1.49
LRCX- NAS (USA)
Lam Research Corporation
  • Currently 1/5
Business Predictability Rank: 1-Star (On Watch)
Back Testing Results:
Average gain of all 1-Star stocks: 1.1% per year.
% of Stocks that are in still loss if held for 10yrs: 45%.
Read more:
What is Predictability Rank?
Performances of real portfolio
Top Ranked Predictable Companies
$46.95
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GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 6/10

vs
industry		 vs
history
Cash to Debt 2.249
LRCX's Cash to Debt is ranked lower than
57% of the 622 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 10000.00 vs. LRCX: 2.249 )
LRCX' s 10-Year Cash to Debt Range
Min: 1.13   Max: 290.47
Current: 2.25
1.13
290.47
Equity to Asset 0.305
LRCX's Equity to Asset is ranked lower than
88% of the 622 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 0.59 vs. LRCX: 0.305 )
LRCX' s 10-Year Equity to Asset Range
Min: 0.31   Max: 0.74
Current: 0.31
0.31
0.74
Interest Coverage 8.9
LRCX's Interest Coverage is ranked lower than
56% of the 622 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 10000.00 vs. LRCX: 8.9 )
LRCX' s 10-Year Interest Coverage Range
Min: 9   Max: No Debt
Current: 8.9
F-Score: 4
Z-Score: 3.3
M-Score: -2
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 7/10

vs
industry		 vs
history
Operating margin (%) 8.90
LRCX's Operating margin (%) is ranked higher than
59% of the 622 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 2.60 vs. LRCX: 8.90 )
LRCX' s 10-Year Operating margin (%) Range
Min: -25.2   Max: 30.3
Current: 8.9
-25.2
30.3
Net-margin (%) 6.3
LRCX's Net-margin (%) is ranked higher than
61% of the 622 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 1.40 vs. LRCX: 6.3 )
LRCX' s 10-Year Net-margin (%) Range
Min: -27.1   Max: 26.7
Current: 6.3
-27.1
26.7
ROE (%) 3.3
LRCX's ROE (%) is ranked higher than
60% of the 622 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 2.00 vs. LRCX: 3.3 )
LRCX' s 10-Year ROE (%) Range
Min: -20.8   Max: 58.3
Current: 3.3
-20.8
58.3
ROA (%) 2.1
LRCX's ROA (%) is ranked higher than
61% of the 622 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 1.20 vs. LRCX: 2.1 )
LRCX' s 10-Year ROA (%) Range
Min: -15.5   Max: 32.6
Current: 2.1
-15.5
32.6
ROC (Joel Greenblatt) (%) 19.50
LRCX's ROC (Joel Greenblatt) (%) is ranked higher than
62% of the 622 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 4.80 vs. LRCX: 19.50 )
LRCX' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: -56.6   Max: 417.3
Current: 19.5
-56.6
417.3
Revenue Growth (%) 24.4
LRCX's Revenue Growth (%) is ranked higher than
99% of the 622 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 4.80 vs. LRCX: 24.4 )
LRCX' s 10-Year Revenue Growth (%) Range
Min: -13.4   Max: 29.4
Current: 24.4
-13.4
29.4
» LRCX's 10-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades
Q2 2012

LRCX Guru Trades in Q2 2012

Pioneer Investments 19,090 sh (New)
Private Capital 607,629 sh (New)
Mario Gabelli 24,750 sh (New)
David Tepper 435,200 sh (New)
Steven Cohen 306,914 sh (+6029.7%)
Leon Cooperman 1,163,600 sh (+685.69%)
Paul Tudor Jones 140,100 sh (+203.9%)
Ray Dalio 336,883 sh (+78.2%)
Chuck Royce 1,524,699 sh (+68.88%)
RS Investment Management Sold Out
Joel Greenblatt 150,986 sh (-16.12%)
Jim Simons 576,299 sh (-31.2%)
» More
Q3 2012

LRCX Guru Trades in Q3 2012

Jim Simons 2,214,356 sh (+284.24%)
David Tepper 855,873 sh (+96.66%)
Mario Gabelli 24,750 sh (unchged)
Pioneer Investments Sold Out
Leon Cooperman Sold Out
Chuck Royce 1,479,499 sh (-2.96%)
Private Capital 403,713 sh (-33.56%)
Ray Dalio 126,386 sh (-62.48%)
Paul Tudor Jones 14,400 sh (-89.72%)
Joel Greenblatt 13,297 sh (-91.19%)
Steven Cohen 21,911 sh (-92.86%)
» More
Q4 2012

LRCX Guru Trades in Q4 2012

Steven Cohen 56,857 sh (+159.49%)
David Tepper Sold Out
Joel Greenblatt Sold Out
Paul Tudor Jones Sold Out
Mario Gabelli 23,250 sh (-6.06%)
Private Capital 340,247 sh (-15.72%)
Chuck Royce 1,237,799 sh (-16.34%)
Jim Simons 853,056 sh (-61.48%)
Ray Dalio 46,904 sh (-62.89%)
» More
Q1 2013

LRCX Guru Trades in Q1 2013

Lee Ainslie 3,813,691 sh (New)
Charles Brandes 5,355 sh (New)
Ray Dalio 73,823 sh (+57.39%)
Mario Gabelli 23,250 sh (unchged)
Private Capital 293,984 sh (-13.6%)
Chuck Royce 707,299 sh (-42.86%)
Steven Cohen 13,728 sh (-75.86%)
Jim Simons 136,256 sh (-84.03%)
» More
» Details

Insider Trades

Latest Guru Trades with LRCX

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
Lee Ainslie 2013-03-31 New Buy2%$36.13 - $43.12 $ 46.9514%3813691
Ray Dalio 2013-03-31 Add 57.39%0.01%$36.13 - $43.12 $ 46.9514%73823
Charles Brandes 2013-03-31 New Buy$36.13 - $43.12 $ 46.9514%5355
Joel Greenblatt 2012-12-31 Sold Out 0.03%$31.75 - $37.69 $ 46.9534%0
Ray Dalio 2012-12-31 Reduce -62.89%0.03%$31.75 - $37.69 $ 46.9534%46904
Leon Cooperman 2012-09-30 Sold Out 0.99%$31.3 - $37.82 $ 46.9536%0
Joel Greenblatt 2012-09-30 Reduce -91.19%0.38%$31.3 - $37.82 $ 46.9536%13297
Ray Dalio 2012-09-30 Reduce -62.48%0.12%$31.3 - $37.82 $ 46.9536%126386
Leon Cooperman 2012-06-30 Add 685.69%0.86%$36.14 - $44.22 $ 46.9519%1163600
Ray Dalio 2012-06-30 Add 78.2%0.08%$36.14 - $44.22 $ 46.9519%336883
Mario Gabelli 2012-06-30 New Buy0.01%$36.14 - $44.22 $ 46.9519%24750
Premium More recent guru trades are included for Premium Members only!!

Top Ranked Articles about Lam Research Corporation

David Tepper’s 4 Stocks Trading at Discounts to His Purchase Prices
October 10, 2012
David Tepper - David Tepper’s 4 Stocks Trading At Discounts To His Purchase Prices
Appaloosa Management, a hedge fund David Tepper founded in 1993, has roughly $12 billion in assets under management. After years as primarily a distressed debt investor, Tepper became prominent in the investing world when he made triple-digit returns during the housing crisis. He is again surpassing peers in 2012, as his Palomina Fund was up 13.3% net of fees in the first half. Read more...

Ratios

vs
industry		 vs
history
P/E(ttm) 155.00
LRCX's P/E(ttm) is ranked higher than
59% of the 622 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 18.76 vs. LRCX: 155.00 )
LRCX' s 10-Year P/E(ttm) Range
Min: 6.22   Max: 355.11
Current: 155
6.22
355.11
P/B 1.49
LRCX's P/B is ranked lower than
58% of the 622 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 1.28 vs. LRCX: 1.49 )
LRCX' s 10-Year P/B Range
Min: 0.9   Max: 14.03
Current: 1.49
0.9
14.03
P/S 2.30
LRCX's P/S is ranked lower than
72% of the 622 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 1.10 vs. LRCX: 2.30 )
LRCX' s 10-Year P/S Range
Min: 1.01   Max: 6.83
Current: 2.3
1.01
6.83
PFCF 16.42
LRCX's PFCF is ranked higher than
56% of the 622 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 15.69 vs. LRCX: 16.42 )
LRCX' s 10-Year PFCF Range
Min: 5.98   Max: 555.63
Current: 16.42
5.98
555.63
EV-to-EBIT 104.86
LRCX's EV-to-EBIT is ranked higher than
69% of the 622 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 14.70 vs. LRCX: 104.86 )
LRCX' s 10-Year EV-to-EBIT Range
Min: 3.9   Max: 1047.4
Current: 104.86
3.9
1047.4
Shiller P/E 21.26
LRCX's Shiller P/E is ranked higher than
91% of the 622 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 14.80 vs. LRCX: 21.26 )
LRCX' s 10-Year Shiller P/E Range
Min: 7.36   Max: 236
Current: 21.26
7.36
236

Valuation & Return

vs
industry		 vs
history
Price/Net Current Asset Value 8.5
LRCX's Price/Net Current Asset Value is ranked higher than
85% of the 622 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 6.80 vs. LRCX: 8.5 )
LRCX' s 10-Year Price/Net Current Asset Value Range
Min: 5.3   Max: 18.1
Current: 8.5
5.3
18.1
Price/Tangible Book 3.1
LRCX's Price/Tangible Book is ranked higher than
88% of the 622 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 1.40 vs. LRCX: 3.1 )
LRCX' s 10-Year Price/Tangible Book Range
Min: 1.9   Max: 8.5
Current: 3.1
1.9
8.5
Price/DCF (Projected) 1
LRCX's Price/DCF (Projected) is ranked higher than
86% of the 622 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 1.10 vs. LRCX: 1 )
LRCX' s 10-Year Price/DCF (Projected) Range
Min: 0.6   Max: 3.4
Current: 1
0.6
3.4
Price/Median PS Value 1.1
LRCX's Price/Median PS Value is ranked higher than
77% of the 622 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 0.80 vs. LRCX: 1.1 )
LRCX' s 10-Year Price/Median PS Value Range
Min: 0.7   Max: 1.7
Current: 1.1
0.7
1.7
Price/Peter Lynch Fair Value 5
LRCX's Price/Peter Lynch Fair Value is ranked higher than
99% of the 622 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 1.70 vs. LRCX: 5 )
LRCX' s 10-Year Price/Peter Lynch Fair Value Range
Min: 0.4   Max: 3.1
Current: 5
0.4
3.1
Price/Graham Number 2.6
LRCX's Price/Graham Number is ranked higher than
99% of the 622 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 1.10 vs. LRCX: 2.6 )
LRCX' s 10-Year Price/Graham Number Range
Min: 0.9   Max: 3.2
Current: 2.6
0.9
3.2
Earnings Yield (Greenblatt) 1.00
LRCX's Earnings Yield (Greenblatt) is ranked higher than
79% of the 622 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 5.60 vs. LRCX: 1.00 )
LRCX' s 10-Year Earnings Yield (Greenblatt) Range
Min: 0.1   Max: 25.8
Current: 1
0.1
25.8
Forward Rate of Return (Yacktman) 5.24
LRCX's Forward Rate of Return (Yacktman) is ranked higher than
96% of the 622 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 2.30 vs. LRCX: 5.24 )
LRCX' s 10-Year Forward Rate of Return (Yacktman) Range
Min: 1.2   Max: 109.1
Current: 5.24
1.2
109.1

Business Description

Lam Research Corporation was incorporated in 1980 in Delaware. The Company designs, manufactures, markets, refurbishes, and services semiconductor processing equipment used in the fabrication of integrated circuits. Semiconductor wafers are subjected to a complex series of process steps that result in the simultaneous creation of many individual integrated circuits. The Company's products selectively remove portions of various films from the wafer to create semiconductors. The market for semiconductor capital equipment is characterized by rapid technological change and product innovation. The Company's marketing and sales efforts are focused on building long-term relationships with its customers. These efforts are supported by a team of product marketing and sales professionals as well as equipment and process engineers that work closely with individual customers to develop solutions to its processing needs. The Company maintains ongoing support relationships with its customers and has a network of field service personnel in place throughout the United States, Europe, Japan, Korea and Asia Pacific. The Company's manufacturing operations consist mainly of assembling and testing components, sub-assemblies, and modules that are then integrated into finished systems prior to shipment to its customers. The Company's policy is to seek patents on inventions relating to new or enhanced products and processes developed as part of its ongoing research, engineering, manufacturing, and support activities. The Company currently holds a number of United States and foreign patents covering various aspects of its products and processes. The Company's main competitors in the single-wafer wet clean market are Dainippon Screen Manufacturing Co. Ltd. and Tokyo Electron, Ltd. In the tungsten CVD, PECVD, HDP-CVD, ECD and PVD markets, its main competitor is Applied Materials, Inc. In the PECVD market, it also competes against ASM International. Its main competitors in the surface preparation product arena are Mattson Technologies, Inc. and PSK, Inc.
Company Website
SEC Reports
Industry: Semiconductor Equipment & Materials
Compare:ASML, AMAT, TOELY, KLAC, IMI
Traded in other countries:LAR.Germany
» More Articles for LRCX

Headlines

Articles On GuruFocus.com
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David Tepper Buys 6 New Stocks Aug 15 2012 
Applied Materials offers stability within the volatile tech sector Jul 15 2012 
5 Semiconductor Stocks Paying Hefty Dividends Apr 02 2012 
5 Stocks Being Bought Up by Insiders Mar 30 2012 
KLA-Tencor Will Rise This Year Mar 13 2012 
Companies with Buybacks: AMAT Edition Nov 18 2011 
Ken Fisher’s 5 Recommendations Jul 07 2011 
Lam Research Corp. (LRCX) Executive Chairman James W Bagley sells 40,000 Shares Mar 09 2011 

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