Q4 EPS Estimates for Lam Research Boosted by Zacks Research

Key Points

• Analysts at Zacks Research have increased their Q4 2026 EPS estimate for Lam Research Corporation from $1.02 to $1.04, reflecting positive adjustments in future earnings expectations.
• Lam Research reported a revenue of $5.17 billion for its latest quarter, exceeding analysts' expectations, with a year-over-year revenue increase of 33.6%.
• Institutional investors hold 84.61% of Lam Research's stock, with significant recent investments from firms like Ameriprise Financial and Norges Bank, indicating strong institutional confidence in the company.

Lam Research Corporation (NASDAQ:LRCX - Free Report) - Analysts at Zacks Research upped their Q4 2026 EPS estimates for shares of Lam Research in a research note issued to investors on Wednesday, August 20th. Zacks Research analyst Team now anticipates that the semiconductor company will post earnings per share of $1.04 for the quarter, up from their prior forecast of $1.02. The consensus estimate for Lam Research's current full-year earnings is $3.71 per share. Zacks Research also issued estimates for Lam Research's FY2028 earnings at $5.43 EPS.

Several other equities research analysts also recently commented on LRCX. Barclays set a $83.00 target price on Lam Research and gave the stock an "equal weight" rating in a report on Monday, July 28th. UBS Group upped their price target on shares of Lam Research from $95.00 to $120.00 and gave the stock a "buy" rating in a research note on Monday, July 21st. Argus raised their price objective on shares of Lam Research from $105.00 to $120.00 and gave the company a "buy" rating in a research note on Friday, August 1st. Citigroup upped their target price on shares of Lam Research from $108.00 to $113.00 and gave the stock a "buy" rating in a research note on Friday, August 1st. Finally, Wall Street Zen raised shares of Lam Research from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. Twenty analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $107.30.

Lam Research Stock Performance

Lam Research stock opened at $98.41 on Friday. Lam Research has a twelve month low of $56.32 and a twelve month high of $108.02. The company has a quick ratio of 1.55, a current ratio of 2.21 and a debt-to-equity ratio of 0.38. The company has a market capitalization of $124.55 billion, a P/E ratio of 23.66, a PEG ratio of 1.29 and a beta of 1.65. The stock's 50 day moving average is $98.20 and its 200 day moving average is $84.45.

Lam Research (NASDAQ:LRCX - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The semiconductor company reported $1.33 earnings per share for the quarter, topping analysts' consensus estimates of $1.21 by $0.12. Lam Research had a net margin of 29.07% and a return on equity of 58.17%. The business had revenue of $5.17 billion for the quarter, compared to analysts' expectations of $4.99 billion. During the same quarter in the prior year, the company earned $1.03 earnings per share. The business's revenue was up 33.6% compared to the same quarter last year. Lam Research has set its Q1 2026 guidance at 1.100-1.300 EPS.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Ameriprise Financial Inc. grew its position in Lam Research by 950.5% in the 4th quarter. Ameriprise Financial Inc. now owns 34,543,915 shares of the semiconductor company's stock worth $2,495,128,000 after purchasing an additional 31,255,726 shares during the period. Norges Bank purchased a new position in shares of Lam Research in the 2nd quarter worth $1,894,585,000. Northern Trust Corp grew its holdings in shares of Lam Research by 1,067.0% in the fourth quarter. Northern Trust Corp now owns 15,869,244 shares of the semiconductor company's stock worth $1,146,235,000 after acquiring an additional 14,509,407 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Lam Research by 6,383.5% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 13,574,691 shares of the semiconductor company's stock valued at $980,500,000 after acquiring an additional 13,365,317 shares during the last quarter. Finally, Janus Henderson Group PLC bought a new position in Lam Research in the fourth quarter valued at about $792,161,000. 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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