Lam Research (LRCX) to Release Earnings on Wednesday

Lam Research (NASDAQ:LRCX - Get Free Report) is set to issue its quarterly earnings data after the market closes on Wednesday, April 24th. Analysts expect the company to announce earnings of $7.23 per share for the quarter. Lam Research has set its Q3 guidance at $6.50-8.00 EPS.Parties interested in registering for the company's conference call can do so using this link.

Lam Research (NASDAQ:LRCX - Get Free Report) last announced its quarterly earnings data on Wednesday, January 24th. The semiconductor company reported $7.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.06 by $0.46. The business had revenue of $3.76 billion during the quarter, compared to the consensus estimate of $3.71 billion. Lam Research had a net margin of 24.15% and a return on equity of 44.47%. The firm's quarterly revenue was down 28.8% compared to the same quarter last year. During the same quarter last year, the firm earned $10.71 earnings per share. On average, analysts expect Lam Research to post $29 EPS for the current fiscal year and $35 EPS for the next fiscal year.

Lam Research Trading Up 1.8 %

NASDAQ LRCX traded up $17.06 during trading on Tuesday, hitting $963.23. The stock had a trading volume of 544,094 shares, compared to its average volume of 1,017,751. The company has a debt-to-equity ratio of 0.61, a quick ratio of 2.02 and a current ratio of 3.06. The stock has a market capitalization of $126.28 billion, a price-to-earnings ratio of 36.59, a P/E/G ratio of 3.47 and a beta of 1.51. Lam Research has a one year low of $482.74 and a one year high of $1,007.39. The stock has a 50 day simple moving average of $941.93 and a 200 day simple moving average of $794.36.

Lam Research Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 3rd. Stockholders of record on Wednesday, March 13th were given a dividend of $2.00 per share. This represents a $8.00 dividend on an annualized basis and a dividend yield of 0.83%. The ex-dividend date was Tuesday, March 12th. Lam Research's dividend payout ratio (DPR) is presently 30.94%.

Wall Street Analysts Forecast Growth

LRCX has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Lam Research in a research report on Thursday, April 11th. They set a "hold" rating and a $1,000.00 target price on the stock. Evercore ISI began coverage on shares of Lam Research in a research report on Tuesday. They set an "outperform" rating and a $1,200.00 target price on the stock. The Goldman Sachs Group lifted their price objective on shares of Lam Research from $700.00 to $912.00 and gave the company a "buy" rating in a report on Thursday, January 25th. TD Cowen lifted their price objective on shares of Lam Research from $710.00 to $975.00 and gave the company an "outperform" rating in a report on Thursday, January 25th. Finally, Cantor Fitzgerald lifted their price objective on shares of Lam Research from $900.00 to $1,100.00 and gave the company a "neutral" rating in a report on Monday, April 8th. Eight analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $875.55.

Insider Buying and Selling at Lam Research

In other Lam Research news, SVP Seshasayee Varadarajan sold 5,500 shares of Lam Research stock in a transaction on Monday, March 18th. The shares were sold at an average price of $922.41, for a total value of $5,073,255.00. Following the completion of the transaction, the senior vice president now owns 22,095 shares of the company's stock, valued at $20,380,648.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, SVP Seshasayee Varadarajan sold 5,500 shares of the business's stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $922.41, for a total transaction of $5,073,255.00. Following the completion of the sale, the senior vice president now owns 22,095 shares of the company's stock, valued at $20,380,648.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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 stock was sold at an average price of $972.03, for a total transaction of $857,330.46. Following the sale, the director now directly owns 10,541 shares of the company's stock, valued at approximately $10,246,168.23. The disclosure for this sale can be found here. Over the last quarter, insiders sold 7,029 shares of company stock valued at $6,559,489. Corporate insiders own 0.32% of the company's stock.

Institutional Trading of Lam Research

Several large investors have recently bought and sold shares of the business. Quarry LP acquired a new stake in shares of Lam Research in the fourth quarter valued at approximately $33,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its holdings in shares of Lam Research by 8.3% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 97,238 shares of the semiconductor company's stock worth $76,163,000 after acquiring an additional 7,415 shares during the period. Hobbs Group Advisors LLC purchased a new stake in shares of Lam Research in the fourth quarter valued at about $27,000. SageView Advisory Group LLC grew its holdings in shares of Lam Research by 220.8% in the fourth quarter. SageView Advisory Group LLC now owns 1,235 shares of the semiconductor company's stock valued at $1,032,000 after purchasing an additional 850 shares during the period. Finally, Sanibel Captiva Trust Company Inc. purchased a new position in Lam Research during the fourth quarter worth about $311,000. Hedge funds and other 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.