FY2025 Earnings Forecast for Lam Research Issued By B. Riley

Lam Research Co. (NASDAQ:LRCX - Free Report) - Research analysts at B. Riley boosted their FY2025 earnings per share estimates for Lam Research in a research report issued on Wednesday, April 23rd. B. Riley analyst C. Ellis now anticipates that the semiconductor company will earn $4.01 per share for the year, up from their prior estimate of $3.64. B. Riley currently has a "Buy" rating on the stock. The consensus estimate for Lam Research's current full-year earnings is $3.71 per share. B. Riley also issued estimates for Lam Research's Q1 2026 earnings at $0.96 EPS, Q2 2026 earnings at $0.94 EPS, Q3 2026 earnings at $0.93 EPS, Q4 2026 earnings at $1.01 EPS, Q1 2027 earnings at $1.03 EPS, Q2 2027 earnings at $1.07 EPS, Q3 2027 earnings at $1.03 EPS and FY2027 earnings at $4.23 EPS.

Several other research firms have also issued reports on LRCX. Morgan Stanley lifted their price objective on shares of Lam Research from $81.00 to $82.00 and gave the company an "equal weight" rating in a research note on Thursday, April 24th. Needham & Company LLC cut their target price on shares of Lam Research from $96.00 to $80.00 and set a "buy" rating for the company in a research report on Thursday, April 24th. Bank of America cut their target price on shares of Lam Research from $110.00 to $90.00 and set a "buy" rating for the company in a research report on Wednesday, April 16th. Stifel Nicolaus cut their target price on shares of Lam Research from $100.00 to $92.00 and set a "buy" rating for the company in a research report on Tuesday, April 15th. Finally, UBS Group cut their target price on shares of Lam Research from $95.00 to $90.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Seven research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $91.56.

Lam Research Stock Down 1.3 %

Shares of LRCX stock traded down $0.93 on Friday, hitting $69.97. The company's stock had a trading volume of 3,463,746 shares, compared to its average volume of 12,087,591. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.54 and a quick ratio of 1.73. Lam Research has a fifty-two week low of $56.32 and a fifty-two week high of $113.00. The firm's fifty day moving average price is $72.46 and its 200-day moving average price is $75.27. The stock has a market capitalization of $89.82 billion, a price-to-earnings ratio of 21.25, a P/E/G ratio of 1.47 and a beta of 1.52.

Lam Research (NASDAQ:LRCX - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The semiconductor company reported $1.04 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.00 by $0.04. The firm had revenue of $4.72 billion during 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%. Lam Research's revenue was up 24.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $7.79 EPS.

Lam Research Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 9th. Stockholders of record on Wednesday, March 5th were given a dividend of $0.23 per share. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.31%. Lam Research's payout ratio is currently 25.63%.

Insider Transactions at Lam Research

In related news, SVP Seshasayee Varadarajan sold 110,080 shares of Lam Research stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $90.00, for a total transaction of $9,907,200.00. Following the completion of the sale, the senior vice president now directly owns 179,084 shares of the company's stock, valued at $16,117,560. The trade was a 38.07 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.29% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Lam Research

A number of institutional investors have recently made changes to their positions in LRCX. West Oak Capital LLC boosted its holdings in shares of Lam Research by 50.9% during the 4th quarter. West Oak Capital LLC now owns 400 shares of the semiconductor company's stock worth $29,000 after buying an additional 135 shares in the last quarter. Citizens National Bank Trust Department boosted its holdings in shares of Lam Research by 34.0% during the 1st quarter. Citizens National Bank Trust Department now owns 603 shares of the semiconductor company's stock worth $44,000 after buying an additional 153 shares in the last quarter. Transcend Capital Advisors LLC boosted its holdings in shares of Lam Research by 2.3% during the 1st quarter. Transcend Capital Advisors LLC now owns 8,065 shares of the semiconductor company's stock worth $586,000 after buying an additional 182 shares in the last quarter. Capital Advisors Inc. OK lifted its holdings in shares of Lam Research by 0.6% in the 1st quarter. Capital Advisors Inc. OK now owns 29,927 shares of the semiconductor company's stock worth $2,176,000 after purchasing an additional 183 shares in the last quarter. Finally, Atlantic Edge Private Wealth Management LLC grew its position in Lam Research by 33.3% in the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 800 shares of the semiconductor company's stock valued at $58,000 after purchasing an additional 200 shares during the period. 84.61% of the stock is owned by institutional investors and hedge funds.

About Lam Research

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.