Erste Group Bank Predicts Lam Research FY2028 Earnings

Key Points

• Erste Group Bank projects Lam Research FY2028 EPS of $11.43, well above the current full-year consensus estimate of $9.24.
• Lam Research recently exceeded quarterly expectations, reporting $1.82 EPS and $6.72 billion in revenue; revenue increased 30% year over year, and the company issued Q1 2027 EPS guidance of $2.00–$2.30.
• Analyst sentiment remains positive, with a consensus “Moderate Buy” rating and average price target of $358.47, although insiders sold about $27.6 million of stock over the past 90 days.

Lam Research Corporation (NASDAQ:LRCX - Free Report) - Research analysts at Erste Group Bank issued their FY2028 earnings per share estimates for Lam Research in a research report issued on Wednesday, August 5th. Erste Group Bank analyst S. Lingnau anticipates that the semiconductor company will post earnings of $11.43 per share for the year. The consensus estimate for Lam Research's current full-year earnings is $9.24 per share.

LRCX has been the topic of several other research reports. TD Cowen reissued a "buy" rating and issued a $400.00 price objective (up from $340.00) on shares of Lam Research in a research note on Thursday, July 9th. Wells Fargo & Company reaffirmed an "overweight" rating and set a $350.00 target price (down from $450.00) on shares of Lam Research in a report on Thursday, July 30th. The Goldman Sachs Group reissued a "buy" rating and issued a $290.00 price target on shares of Lam Research in a research note on Thursday, April 23rd. Susquehanna reaffirmed a "positive" rating and issued a $475.00 price objective (up from $385.00) on shares of Lam Research in a research note on Tuesday, June 30th. Finally, Barclays reiterated an "overweight" rating and issued a $335.00 target price (up from $275.00) on shares of Lam Research in a report on Thursday, June 11th. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and five have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $358.47.

Lam Research Stock Performance

Shares of NASDAQ LRCX opened at $311.35 on Monday. The firm has a 50 day moving average price of $339.89 and a two-hundred day moving average price of $280.04. The stock has a market cap of $389.36 billion, a P/E ratio of 54.05, a price-to-earnings-growth ratio of 1.25 and a beta of 1.84. Lam Research has a 52-week low of $94.11 and a 52-week high of $438.50. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.91 and a current ratio of 2.63.

Lam Research (NASDAQ:LRCX - Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The semiconductor company reported $1.82 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.69 by $0.13. Lam Research had a net margin of 31.27% and a return on equity of 67.60%. The business had revenue of $6.72 billion during the quarter, compared to analyst estimates of $6.66 billion. During the same quarter last year, the business earned $1.33 EPS. The firm's quarterly revenue was up 30.0% on a year-over-year basis. Lam Research has set its Q1 2027 guidance at 2.000-2.300 EPS.

Lam Research Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 8th. Shareholders of record on Wednesday, June 17th were paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date was Wednesday, June 17th. Lam Research's payout ratio is 18.06%.

Insider Buying and Selling at Lam Research

In other Lam Research news, SVP Neil J. Fernandes sold 7,659 shares of the company's stock in a transaction on Monday, June 1st. The shares were sold at an average price of $309.60, for a total transaction of $2,371,226.40. Following the transaction, the senior vice president owned 58,470 shares in the company, valued at approximately $18,102,312. This represents a 11.58% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Eric Brandt sold 54,500 shares of the firm's stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $350.80, for a total transaction of $19,118,600.00. Following the completion of the transaction, the director directly owned 199,205 shares in the company, valued at approximately $69,881,114. The trade was a 21.48% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 80,441 shares of company stock worth $27,614,296. 0.31% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of LRCX. Brighton Jones LLC raised its holdings in shares of Lam Research by 1,032.4% in the fourth quarter. Brighton Jones LLC now owns 14,189 shares of the semiconductor company's stock valued at $1,025,000 after purchasing an additional 12,936 shares during the last quarter. Caxton Associates LLP purchased a new stake in Lam Research in the 1st quarter valued at about $239,000. Gabelli Funds LLC bought a new position in shares of Lam Research during the 2nd quarter worth approximately $253,000. NewEdge Advisors LLC lifted its position in shares of Lam Research by 2.7% during the 2nd quarter. NewEdge Advisors LLC now owns 100,528 shares of the semiconductor company's stock worth $9,785,000 after buying an additional 2,661 shares in the last quarter. Finally, Osterweis Capital Management Inc. boosted its stake in shares of Lam Research by 5,206.7% in the 2nd quarter. Osterweis Capital Management Inc. now owns 796 shares of the semiconductor company's stock worth $77,000 after buying an additional 781 shares during the last quarter. Hedge funds and other institutional investors own 84.61% of the company's stock.

About Lam Research

Lam Research Corporation NASDAQ: LRCX is a global supplier of wafer fabrication equipment and services to the semiconductor industry. Founded in 1980 by David K. Lam and headquartered in Fremont, California, the company develops and manufactures systems used in multiple stages of semiconductor device production, including thin film deposition, plasma etch, wafer cleaning and related process modules and automation.

Lam's product portfolio covers core process technologies employed by logic and memory manufacturers, with equipment designed to support advanced-node patterning, 3D NAND and other emerging device architectures.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source