B. Riley Has Optimistic Outlook of Lam Research Q4 Earnings

Lam Research Co. (NASDAQ:LRCX - Free Report) - Stock analysts at B. Riley upped their Q4 2025 earnings per share (EPS) estimates for Lam Research in a research report issued on Wednesday, April 23rd. B. Riley analyst C. Ellis now forecasts that the semiconductor company will earn $1.20 per share for the quarter, up from their previous forecast of $0.89. B. Riley 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 FY2026 earnings at $3.83 EPS.

Lam Research (NASDAQ:LRCX - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The semiconductor company reported $1.04 EPS for the quarter, topping the consensus estimate of $1.00 by $0.04. Lam Research had a return on equity of 51.86% and a net margin of 26.49%. The firm had revenue of $4.72 billion during the quarter, compared to the consensus estimate of $4.64 billion. During the same quarter in the previous year, the firm earned $7.79 earnings per share. The business's quarterly revenue was up 24.4% on a year-over-year basis.

Several other equities research analysts also recently weighed in on the company. Wolfe Research downgraded Lam Research from an "outperform" rating to a "peer perform" rating in a report on Wednesday, January 15th. Jefferies Financial Group boosted their price target on Lam Research from $95.00 to $100.00 and gave the stock a "buy" rating in a report on Friday, March 28th. Oppenheimer cut their price objective on Lam Research from $95.00 to $80.00 and set an "outperform" rating on the stock in a research note on Friday, April 11th. UBS Group cut their target price on shares of Lam Research from $95.00 to $90.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Finally, Evercore ISI raised their target price on Lam Research from $95.00 to $99.00 and gave the company an "outperform" rating in a report on Thursday, April 24th. Seven research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $91.56.

Lam Research Price Performance

NASDAQ:LRCX traded down $0.67 on Monday, hitting $70.90. The company had a trading volume of 8,579,771 shares, compared to its average volume of 12,121,423. The firm has a 50 day moving average of $72.83 and a two-hundred day moving average of $75.31. The stock has a market capitalization of $91.01 billion, a price-to-earnings ratio of 21.54, a PEG ratio of 1.47 and a beta of 1.52. Lam Research has a 52 week low of $56.32 and a 52 week 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 Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 9th. Investors of record on Wednesday, March 5th were given a $0.23 dividend. The ex-dividend date was Wednesday, March 5th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.30%. Lam Research's dividend payout ratio (DPR) is presently 25.63%.

Insider Activity at Lam Research

In other news, SVP Seshasayee Varadarajan sold 110,080 shares of the business's stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $90.00, for a total value of $9,907,200.00. Following the completion of the sale, the senior vice president now directly owns 179,084 shares in the company, valued at approximately $16,117,560. The trade was a 38.07 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.29% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Lam Research

Several hedge funds and other institutional investors have recently modified their holdings of the company. Centennial Bank AR purchased a new stake in Lam Research in the 1st quarter worth approximately $903,000. U.S. Capital Wealth Advisors LLC boosted its holdings in Lam Research by 5.1% in the first quarter. U.S. Capital Wealth Advisors LLC now owns 5,902 shares of the semiconductor company's stock valued at $429,000 after acquiring an additional 289 shares in the last quarter. Security National Bank of SO Dak increased its position in Lam Research by 50.4% during the 1st quarter. Security National Bank of SO Dak now owns 9,940 shares of the semiconductor company's stock valued at $723,000 after purchasing an additional 3,330 shares during the period. Financial Counselors Inc. raised its holdings in Lam Research by 5.9% in the 1st quarter. Financial Counselors Inc. now owns 118,973 shares of the semiconductor company's stock worth $8,649,000 after purchasing an additional 6,632 shares in the last quarter. Finally, Raleigh Capital Management Inc. lifted its position in shares of Lam Research by 248.4% in the 1st quarter. Raleigh Capital Management Inc. now owns 3,139 shares of the semiconductor company's stock worth $228,000 after purchasing an additional 2,238 shares during the period. 84.61% of the stock is owned by institutional investors.

Lam Research Company Profile

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.