FY2025 Earnings Estimate for Lam Research Issued By B. Riley

Key Points

• B. Riley has reduced its FY2025 earnings estimate for Lam Research to $4.00 per share, slightly down from $4.01, while maintaining a "Buy" rating and a price target of $115.00.
• Institutional investors significantly increased their stakes in Lam Research, with FMR LLC boosting its position by over 1,000% during the 4th quarter.
• Lam Research recently declared a quarterly dividend of $0.23, representing an annualized yield of 0.95% and a payout ratio of 25.63%.

Lam Research Corporation (NASDAQ:LRCX - Free Report) - Equities research analysts at B. Riley reduced their FY2025 earnings per share estimates for shares of Lam Research in a report issued on Thursday, July 24th. B. Riley analyst C. Ellis now forecasts that the semiconductor company will post earnings of $4.00 per share for the year, down from their previous estimate of $4.01. B. Riley currently has a "Buy" rating and a $115.00 price target 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 company. Barclays reduced their price target on Lam Research from $75.00 to $70.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 22nd. Morgan Stanley upped their price target on Lam Research from $82.00 to $87.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 1st. Wells Fargo & Company upped their price target on Lam Research from $75.00 to $95.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 8th. Bank of America reduced their price target on Lam Research from $110.00 to $90.00 and set a "buy" rating for the company in a research report on Wednesday, April 16th. Finally, Stifel Nicolaus reduced their price target on Lam Research from $100.00 to $92.00 and set a "buy" rating for the company in a research report on Tuesday, April 15th. Seven investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $100.57.

Lam Research Price Performance

Shares of LRCX opened at $96.96 on Monday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.64 and a current ratio of 2.45. The stock has a 50 day simple moving average of $92.49 and a 200 day simple moving average of $81.68. Lam Research has a 52-week low of $56.32 and a 52-week high of $102.59. The firm has a market capitalization of $124.02 billion, a PE ratio of 27.02, a P/E/G ratio of 1.37 and a beta of 1.68.

Lam Research Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 9th. Investors of record on Wednesday, June 18th were paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date was Wednesday, June 18th. Lam Research's dividend payout ratio (DPR) is presently 25.63%.

Institutional Investors Weigh In On Lam Research

Large investors have recently added to or reduced their stakes in the business. FMR LLC increased its position in Lam Research by 1,032.6% during the 4th quarter. FMR LLC now owns 40,031,194 shares of the semiconductor company's stock worth $2,891,453,000 after buying an additional 36,496,689 shares during the period. Ameriprise Financial Inc. increased its position in Lam Research by 950.5% during the 4th quarter. Ameriprise Financial Inc. now owns 34,543,915 shares of the semiconductor company's stock worth $2,495,128,000 after buying an additional 31,255,726 shares during the period. Geode Capital Management LLC increased its position in Lam Research by 907.1% during the 4th quarter. Geode Capital Management LLC now owns 31,428,010 shares of the semiconductor company's stock worth $2,265,610,000 after buying an additional 28,307,499 shares during the period. Invesco Ltd. increased its position in Lam Research by 909.5% during the 4th quarter. Invesco Ltd. now owns 16,858,135 shares of the semiconductor company's stock worth $1,217,663,000 after buying an additional 15,188,173 shares during the period. Finally, Northern Trust Corp increased its position in Lam Research by 1,067.0% during the 4th quarter. Northern Trust Corp now owns 15,869,244 shares of the semiconductor company's stock worth $1,146,235,000 after buying an additional 14,509,407 shares during the period. Institutional investors own 84.61% of the company's stock.

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.

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