Lam Research Co. (NASDAQ:LRCX - Free Report) - Stock analysts at Cantor Fitzgerald issued their FY2026 earnings per share (EPS) estimates for Lam Research in a report released on Monday, June 9th. Cantor Fitzgerald analyst C. Muse expects that the semiconductor company will post earnings of $4.22 per share for the year. Cantor Fitzgerald currently has a "Overweight" rating and a $90.00 target price on the stock. The consensus estimate for Lam Research's current full-year earnings is $3.71 per share.
A number of other equities analysts have also recently weighed in on the stock. Evercore ISI upped their price objective on shares of Lam Research from $95.00 to $99.00 and gave the company an "outperform" rating in a research report on Thursday, April 24th. Jefferies Financial Group lifted their price target on shares of Lam Research from $95.00 to $100.00 and gave the stock a "buy" rating in a research note on Friday, March 28th. Deutsche Bank Aktiengesellschaft set a $70.00 price objective on shares of Lam Research and gave the company a "hold" rating in a research note on Thursday, April 24th. Argus raised shares of Lam Research to a "strong-buy" rating in a research report on Friday, April 25th. Finally, Stifel Nicolaus reduced their price target on shares of Lam Research from $100.00 to $92.00 and set a "buy" rating on the stock in a research report on Tuesday, April 15th. Seven investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Lam Research presently has an average rating of "Moderate Buy" and a consensus price target of $90.87.
Read Our Latest Stock Analysis on Lam Research
Lam Research Stock Up 3.1%
NASDAQ:LRCX traded up $2.70 during mid-day trading on Tuesday, hitting $91.00. The company had a trading volume of 11,116,632 shares, compared to its average volume of 12,290,842. The business has a fifty day simple moving average of $74.80 and a 200-day simple moving average of $76.53. The firm has a market capitalization of $116.40 billion, a price-to-earnings ratio of 27.64, a PEG ratio of 1.47 and a beta of 1.65. Lam Research has a 1 year low of $56.32 and a 1 year high of $113.00. The company has a current ratio of 2.54, a quick ratio of 1.73 and a debt-to-equity ratio of 0.51.
Lam Research (NASDAQ:LRCX - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The semiconductor company reported $1.04 earnings per share for the quarter, topping the consensus estimate of $1.00 by $0.04. The business had revenue of $4.72 billion for the quarter, compared to analyst estimates of $4.64 billion. Lam Research had a net margin of 26.49% and a return on equity of 51.86%. The company's revenue was up 24.4% on a year-over-year basis. During the same period in the prior year, the firm posted $7.79 EPS.
Lam Research Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Wednesday, June 18th will be paid a $0.23 dividend. The ex-dividend date is Wednesday, June 18th. This represents a $0.92 annualized dividend and a dividend yield of 1.01%. Lam Research's payout ratio is currently 25.63%.
Institutional Investors Weigh In On Lam Research
A number of hedge funds have recently made changes to their positions in LRCX. One Charles Private Wealth Services LLC raised its stake in shares of Lam Research by 843.4% during the fourth quarter. One Charles Private Wealth Services LLC now owns 4,000 shares of the semiconductor company's stock valued at $289,000 after purchasing an additional 3,576 shares in the last quarter. Brighton Jones LLC increased its stake in Lam Research by 1,032.4% during the 4th quarter. Brighton Jones LLC now owns 14,189 shares of the semiconductor company's stock valued at $1,025,000 after buying an additional 12,936 shares during the period. Silver Oak Securities Incorporated acquired a new stake in shares of Lam Research in the 4th quarter worth approximately $280,000. Strategic Financial Concepts LLC bought a new position in shares of Lam Research in the fourth quarter valued at approximately $1,775,000. Finally, Golden State Wealth Management LLC acquired a new position in shares of Lam Research during the fourth quarter valued at approximately $137,000. Institutional investors own 84.61% of the company's stock.
About Lam Research
(
Get Free Report)
Lam Research Corporation designs, manufactures, markets, refurbishes, and services semiconductor processing equipment used in the fabrication of integrated circuits. The company offers ALTUS systems to deposit conformal films for tungsten metallization applications; SABRE electrochemical deposition products for copper interconnect transition that offers copper damascene manufacturing; SOLA ultraviolet thermal processing products for film treatments; and VECTOR plasma-enhanced CVD ALD products.
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