Lam Research (NASDAQ:LRCX - Get Free Report) issued an update on its first quarter 2026 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 1.100-1.300 for the period, compared to the consensus estimate of 0.985. The company issued revenue guidance of $4.9 billion-$5.5 billion, compared to the consensus revenue estimate of $4.6 billion.
Analyst Upgrades and Downgrades
LRCX has been the topic of a number of research reports. Citigroup reiterated a "buy" rating and issued a $108.00 price target (up from $87.00) on shares of Lam Research in a report on Monday, July 7th. Needham & Company LLC decreased their target price on Lam Research from $96.00 to $80.00 and set a "buy" rating on the stock in a research report on Thursday, April 24th. Oppenheimer reiterated an "outperform" rating and issued a $110.00 price objective (up from $80.00) on shares of Lam Research in a research report on Tuesday, June 17th. The Goldman Sachs Group initiated coverage on shares of Lam Research in a research note on Thursday, July 10th. They set a "buy" rating and a $115.00 target price for the company. Finally, TD Securities dropped their target price on shares of Lam Research from $110.00 to $100.00 and set a "buy" rating for the company in a report on Thursday, April 24th. Seven analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $102.05.
Get Our Latest Stock Analysis on Lam Research
Lam Research Stock Up 0.2%
LRCX stock traded up $0.15 during mid-day trading on Wednesday, hitting $99.09. The stock had a trading volume of 12,275,994 shares, compared to its average volume of 11,883,867. Lam Research has a 1-year low of $56.32 and a 1-year high of $102.59. The company has a current ratio of 2.45, a quick ratio of 1.64 and a debt-to-equity ratio of 0.39. The stock has a market capitalization of $126.75 billion, a price-to-earnings ratio of 27.62, a PEG ratio of 1.39 and a beta of 1.68. The company has a fifty day moving average of $93.08 and a 200 day moving average of $81.97.
Lam Research (NASDAQ:LRCX - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The semiconductor company reported $1.33 EPS for the quarter, topping analysts' consensus estimates of $1.20 by $0.13. Lam Research had a return on equity of 53.21% and a net margin of 27.18%. On average, equities analysts expect that Lam Research will post 3.71 EPS for the current fiscal year.
Lam Research Dividend Announcement
The firm also recently announced 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 was Wednesday, June 18th. This represents a $0.92 dividend on an annualized basis and a yield of 0.93%. Lam Research's dividend payout ratio is currently 25.63%.
Hedge Funds Weigh In On Lam Research
An institutional investor recently bought a new position in Lam Research stock. Caxton Associates LLP bought a new stake in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 3,286 shares of the semiconductor company's stock, valued at approximately $239,000. Hedge funds and other institutional investors own 84.61% of the company's stock.
Lam Research Company Profile
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Get Free Report)
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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