Cantor Fitzgerald Boosts Earnings Estimates for Lam Research

Key Points

• Cantor Fitzgerald has increased its FY2026 earnings per share (EPS) estimate for Lam Research to $4.72, up from a previous estimate of $4.22, while maintaining an "Overweight" rating and a price objective of $115.00.
• In its recent quarterly report, Lam Research reported earnings of $1.33 per share, exceeding consensus estimates of $1.21, with revenues reaching $5.17 billion, a 33.6% increase year-over-year.
• Multiple analysts have raised their target prices for Lam Research, with Mizuho setting a new target of $120.00 and Stifel Nicolaus adjusting theirs to $110.00, reflecting strong market confidence in the company's performance.

Lam Research Corporation (NASDAQ:LRCX - Free Report) - Analysts at Cantor Fitzgerald boosted their FY2026 EPS estimates for Lam Research in a note issued to investors on Thursday, July 31st. Cantor Fitzgerald analyst C. Muse now anticipates that the semiconductor company will post earnings per share of $4.72 for the year, up from their previous forecast of $4.22. Cantor Fitzgerald currently has a "Overweight" rating and a $115.00 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 also recently weighed in on the stock. Wall Street Zen raised shares of Lam Research from a "hold" rating to a "buy" rating in a research note on Saturday, August 2nd. Deutsche Bank Aktiengesellschaft set a $70.00 price target on Lam Research and gave the company a "hold" rating in a research note on Thursday, April 24th. Wells Fargo & Company set a $98.00 price objective on shares of Lam Research and gave the company an "equal weight" rating in a research report on Thursday, July 31st. Mizuho boosted their price target on Lam Research from $115.00 to $120.00 and gave the stock an "outperform" rating in a research report on Friday, August 1st. Finally, Needham & Company LLC boosted their target price on Lam Research from $110.00 to $115.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. Seven research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. According to data from MarketBeat, Lam Research currently has an average rating of "Moderate Buy" and a consensus target price of $107.09.

Lam Research Stock Up 2.7%

LRCX traded up $2.56 on Monday, reaching $98.50. 5,054,258 shares of the company traded hands, compared to its average volume of 11,969,516. Lam Research has a 52-week low of $56.32 and a 52-week high of $102.59. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.21 and a quick ratio of 1.55. The company has a market cap of $126.00 billion, a price-to-earnings ratio of 23.70, a PEG ratio of 1.27 and a beta of 1.65. The stock's 50 day moving average price is $94.80 and its 200-day moving average price is $82.76.

Lam Research (NASDAQ:LRCX - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The semiconductor company reported $1.33 earnings per share for the quarter, beating analysts' consensus estimates of $1.21 by $0.12. Lam Research had a return on equity of 58.17% and a net margin of 29.07%. The business had revenue of $5.17 billion for the quarter, compared to the consensus estimate of $4.99 billion. During the same quarter in the previous year, the company posted $1.03 earnings per share. Lam Research's revenue for the quarter was up 33.6% compared to the same quarter last year.

Institutional Trading of Lam Research

Several hedge funds and other institutional investors have recently modified their holdings of the company. Pinnacle Financial Partners Inc acquired a new stake in Lam Research during the first quarter worth approximately $201,000. Cerity Partners LLC raised its position in shares of Lam Research by 781.9% in the 4th quarter. Cerity Partners LLC now owns 331,170 shares of the semiconductor company's stock valued at $23,920,000 after buying an additional 293,619 shares in the last quarter. B. Riley Wealth Advisors Inc. bought a new stake in shares of Lam Research during the 4th quarter worth approximately $6,296,000. China Universal Asset Management Co. Ltd. boosted its position in shares of Lam Research by 27.1% during the 1st quarter. China Universal Asset Management Co. Ltd. now owns 49,505 shares of the semiconductor company's stock worth $3,607,000 after acquiring an additional 10,565 shares in the last quarter. Finally, First Citizens Bank & Trust Co. raised its position in Lam Research by 47.8% during the first quarter. First Citizens Bank & Trust Co. now owns 121,902 shares of the semiconductor company's stock valued at $8,862,000 after purchasing an additional 39,414 shares in the last quarter. Institutional investors and hedge funds own 84.61% of the company's stock.

Lam Research Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 9th. Shareholders of record on Wednesday, June 18th were paid a $0.23 dividend. The ex-dividend date of this dividend was Wednesday, June 18th. This represents a $0.92 dividend on an annualized basis and a yield of 0.9%. Lam Research's payout ratio is presently 22.12%.

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.