Lam Research Co. Forecasted to Earn Q4 2024 Earnings of $7.46 Per Share (NASDAQ:LRCX)

Lam Research Co. (NASDAQ:LRCX - Free Report) - Zacks Research raised their Q4 2024 earnings per share (EPS) estimates for shares of Lam Research in a research note issued to investors on Wednesday, May 15th. Zacks Research analyst R. Department now forecasts that the semiconductor company will post earnings per share of $7.46 for the quarter, up from their previous estimate of $7.04. The consensus estimate for Lam Research's current full-year earnings is $29.66 per share. Zacks Research also issued estimates for Lam Research's Q3 2025 earnings at $8.76 EPS, Q4 2025 earnings at $9.12 EPS, FY2025 earnings at $34.27 EPS, Q1 2026 earnings at $9.43 EPS, Q2 2026 earnings at $10.02 EPS and Q3 2026 earnings at $10.15 EPS.

Several other equities analysts also recently commented on LRCX. Wells Fargo & Company raised their target price on Lam Research from $930.00 to $980.00 and gave the stock an "equal weight" rating in a research report on Tuesday, April 2nd. Raymond James lifted their price objective on Lam Research from $850.00 to $950.00 and gave the company an "outperform" rating in a research report on Thursday, January 25th. Evercore ISI assumed coverage on Lam Research in a research report on Tuesday, April 16th. They issued an "outperform" rating and a $1,200.00 price objective for the company. JPMorgan Chase & Co. lifted their price objective on Lam Research from $900.00 to $950.00 and gave the company an "overweight" rating in a research report on Thursday, April 25th. Finally, Mizuho lifted their price objective on Lam Research from $935.00 to $960.00 and gave the company a "buy" rating in a research report on Thursday, April 25th. Seven analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, Lam Research has an average rating of "Moderate Buy" and a consensus target price of $957.95.

Lam Research Price Performance

Shares of Lam Research stock traded down $4.85 during midday trading on Thursday, hitting $942.90. 812,342 shares of the company were exchanged, compared to its average volume of 1,028,374. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.82 and a quick ratio of 1.84. The firm has a market cap of $123.27 billion, a P/E ratio of 34.86, a PEG ratio of 2.80 and a beta of 1.51. Lam Research has a 52 week low of $559.41 and a 52 week high of $1,007.39. The firm has a 50 day simple moving average of $935.42 and a 200-day simple moving average of $836.76.

Lam Research (NASDAQ:LRCX - Get Free Report) last announced its quarterly earnings data on Wednesday, April 24th. The semiconductor company reported $7.79 earnings per share for the quarter, topping the consensus estimate of $7.26 by $0.53. The company had revenue of $3.79 billion for the quarter, compared to analyst estimates of $3.72 billion. Lam Research had a return on equity of 45.96% and a net margin of 25.35%. Lam Research's revenue for the quarter was down 2.0% compared to the same quarter last year. During the same quarter last year, the firm earned $6.99 EPS.

Lam Research Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 10th. Shareholders of record on Tuesday, June 18th will be paid a $2.00 dividend. This represents a $8.00 dividend on an annualized basis and a yield of 0.85%. Lam Research's payout ratio is 29.42%.

Insider Buying and Selling at Lam Research

In other Lam Research news, Director Abhijit Y. Talwalkar sold 882 shares of the business's stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $972.03, for a total value of $857,330.46. Following the completion of the transaction, the director now directly owns 10,541 shares of the company's stock, valued at $10,246,168.23. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, insider George M. Schisler sold 400 shares of the business's stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $908.21, for a total value of $363,284.00. Following the sale, the insider now directly owns 5,661 shares in the company, valued at $5,141,376.81. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Abhijit Y. Talwalkar sold 882 shares of the business's stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $972.03, for a total value of $857,330.46. Following the completion of the sale, the director now owns 10,541 shares in the company, valued at $10,246,168.23. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 7,489 shares of company stock valued at $6,978,065. Company insiders own 0.32% of the company's stock.

Institutional Trading of Lam Research

A number of institutional investors have recently modified their holdings of the company. Dynasty Wealth Management LLC bought a new stake in shares of Lam Research in the first quarter valued at about $740,000. Bayesian Capital Management LP bought a new stake in Lam Research during the first quarter worth about $5,211,000. Benchmark Investment Advisors LLC raised its holdings in Lam Research by 910.0% during the first quarter. Benchmark Investment Advisors LLC now owns 2,939 shares of the semiconductor company's stock worth $2,855,000 after acquiring an additional 2,648 shares in the last quarter. Zurich Insurance Group Ltd FI raised its holdings in Lam Research by 1,782.1% during the first quarter. Zurich Insurance Group Ltd FI now owns 79,048 shares of the semiconductor company's stock worth $76,801,000 after acquiring an additional 74,848 shares in the last quarter. Finally, Bamco Inc. NY raised its holdings in Lam Research by 14.5% during the first quarter. Bamco Inc. NY now owns 11,790 shares of the semiconductor company's stock worth $11,455,000 after acquiring an additional 1,490 shares in the last quarter. 84.61% of the stock is currently owned by institutional investors.

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.