Q4 EPS Estimates for Lam Research Boosted by Zacks Research

Lam Research Co. (NASDAQ:LRCX - Free Report) - Research analysts at Zacks Research boosted their Q4 2025 earnings per share estimates for Lam Research in a report issued on Wednesday, May 14th. Zacks Research analyst R. Department now anticipates that the semiconductor company will post earnings per share of $1.12 for the quarter, up from their prior estimate of $0.92. 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 Q1 2026 earnings at $0.96 EPS, Q4 2026 earnings at $1.02 EPS, FY2026 earnings at $3.80 EPS, Q3 2027 earnings at $1.12 EPS and FY2027 earnings at $4.46 EPS.

Several other research firms have also issued reports on LRCX. Stifel Nicolaus reduced their target price on shares of Lam Research from $100.00 to $92.00 and set a "buy" rating for the company in a research note on Tuesday, April 15th. Susquehanna upgraded shares of Lam Research from a "neutral" rating to a "positive" rating and increased their target price for the stock from $75.00 to $125.00 in a research report on Thursday, February 20th. Argus upgraded Lam Research to a "strong-buy" rating in a research note on Friday, April 25th. Morgan Stanley boosted their price target on shares of Lam Research from $81.00 to $82.00 and gave the company an "equal weight" rating in a research report on Thursday, April 24th. Finally, Jefferies Financial Group lifted their price objective on shares of Lam Research from $95.00 to $100.00 and gave the stock a "buy" rating in a report on Friday, March 28th. Seven analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Lam Research has a consensus rating of "Moderate Buy" and a consensus price target of $91.56.

Lam Research Stock Down 1.8%

Shares of NASDAQ:LRCX traded down $1.50 during trading on Monday, reaching $82.79. 8,079,082 shares of the stock were exchanged, compared to its average volume of 12,260,483. The firm has a market cap of $105.90 billion, a price-to-earnings ratio of 25.15, a price-to-earnings-growth ratio of 1.47 and a beta of 1.64. Lam Research has a 1-year low of $56.32 and a 1-year high of $113.00. The stock has a fifty day moving average of $72.68 and a two-hundred day moving average of $75.59. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.54 and a quick ratio of 1.73.

Lam Research (NASDAQ:LRCX - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The semiconductor company reported $1.04 EPS for the quarter, topping analysts' consensus estimates of $1.00 by $0.04. The company had revenue of $4.72 billion during the quarter, compared to analysts' expectations of $4.64 billion. Lam Research had a return on equity of 51.86% and a net margin of 26.49%. Lam Research's revenue was up 24.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $7.79 EPS.

Lam Research Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Wednesday, June 18th will be given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 1.11%. Lam Research's payout ratio is 25.63%.

Insiders Place Their Bets

In other news, SVP Seshasayee Varadarajan sold 110,080 shares of Lam Research stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $90.00, for a total transaction of $9,907,200.00. Following the sale, the senior vice president now owns 179,084 shares of the company's stock, valued at approximately $16,117,560. The trade was a 38.07% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.29% of the company's stock.

Institutional Trading of Lam Research

Several institutional investors and hedge funds have recently bought and sold shares of LRCX. Meridian Wealth Management LLC lifted its position in Lam Research by 1.4% during the first quarter. Meridian Wealth Management LLC now owns 9,732 shares of the semiconductor company's stock valued at $707,000 after buying an additional 130 shares during the period. GW&K Investment Management LLC lifted its position in Lam Research by 10.1% during the 1st quarter. GW&K Investment Management LLC now owns 1,534 shares of the semiconductor company's stock valued at $112,000 after acquiring an additional 141 shares during the period. Dorsey & Whitney Trust CO LLC boosted its stake in Lam Research by 1.2% during the first quarter. Dorsey & Whitney Trust CO LLC now owns 12,498 shares of the semiconductor company's stock worth $909,000 after acquiring an additional 146 shares in the last quarter. Citizens National Bank Trust Department grew its holdings in Lam Research by 34.0% in the first quarter. Citizens National Bank Trust Department now owns 603 shares of the semiconductor company's stock worth $44,000 after purchasing an additional 153 shares during the period. Finally, Progressive Investment Management Corp lifted its holdings in shares of Lam Research by 0.4% during the first quarter. Progressive Investment Management Corp now owns 42,581 shares of the semiconductor company's stock valued at $3,096,000 after purchasing an additional 156 shares during the last quarter. 84.61% of the stock is currently owned by hedge funds and other 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.