Cantor Fitzgerald Forecasts Higher Earnings for Lam Research

Lam Research Co. (NASDAQ:LRCX - Free Report) - Analysts at Cantor Fitzgerald raised their FY2025 earnings per share estimates for shares of Lam Research in a report issued on Thursday, April 24th. Cantor Fitzgerald analyst C. Muse now expects that the semiconductor company will post earnings of $4.01 per share for the year, up from their prior forecast of $3.77. Cantor Fitzgerald has a "Overweight" rating and a $90.00 price objective 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 commented on the stock. TD Cowen dropped their target price on shares of Lam Research from $110.00 to $100.00 and set a "buy" rating on the stock in a research note on Thursday, April 24th. Mizuho upped their target price on Lam Research from $87.00 to $100.00 and gave the stock an "outperform" rating in a report on Thursday, February 20th. Jefferies Financial Group upped their target price on Lam Research from $95.00 to $100.00 and gave the stock a "buy" rating in a report on Friday, March 28th. The Goldman Sachs Group lowered their target price on Lam Research from $96.00 to $85.00 and set a "buy" rating for the company in a report on Friday, January 10th. Finally, Deutsche Bank Aktiengesellschaft set a $70.00 target price on Lam Research and gave the stock a "hold" rating in a report on Thursday, April 24th. Seven analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Lam Research currently has a consensus rating of "Moderate Buy" and a consensus target price of $91.56.

Lam Research Trading Down 1.3 %

LRCX traded down $0.93 on Friday, reaching $69.97. 3,463,746 shares of the company traded hands, compared to its average volume of 12,087,591. The company has a quick ratio of 1.73, a current ratio of 2.54 and a debt-to-equity ratio of 0.51. The company has a market cap of $89.82 billion, a P/E ratio of 21.25, a price-to-earnings-growth ratio of 1.47 and a beta of 1.52. The firm has a fifty day simple moving average of $72.46 and a two-hundred day simple moving average of $75.27. Lam Research has a one year low of $56.32 and a one year high of $113.00.

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

Lam Research Dividend Announcement

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

Insider Buying and Selling at Lam Research

In other Lam Research news, SVP Seshasayee Varadarajan sold 110,080 shares of Lam Research stock in a transaction that occurred on Thursday, February 20th. The shares were 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 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 is accessible through the SEC website. Company insiders own 0.29% of the company's stock.

Hedge Funds Weigh In On Lam Research

Several large investors have recently made changes to their positions in LRCX. Vanguard Group Inc. lifted its stake in shares of Lam Research by 892.7% in the 4th quarter. Vanguard Group Inc. now owns 120,787,727 shares of the semiconductor company's stock valued at $8,724,498,000 after purchasing an additional 108,619,564 shares during the period. FMR LLC increased its holdings in Lam Research by 1,032.6% in the 4th quarter. FMR LLC now owns 40,031,194 shares of the semiconductor company's stock worth $2,891,453,000 after acquiring an additional 36,496,689 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in shares of Lam Research by 950.5% during the fourth quarter. Ameriprise Financial Inc. now owns 34,543,915 shares of the semiconductor company's stock valued at $2,495,128,000 after acquiring an additional 31,255,726 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Lam Research by 907.1% during the fourth quarter. Geode Capital Management LLC now owns 31,428,010 shares of the semiconductor company's stock valued at $2,265,610,000 after acquiring an additional 28,307,499 shares during the last quarter. Finally, Norges Bank purchased a new stake in shares of Lam Research during the 4th quarter valued at approximately $1,661,672,000. 84.61% of the stock is currently 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.