Lam Research (NASDAQ:LRCX) Issues Q4 Earnings Guidance

Lam Research (NASDAQ:LRCX) updated its fourth quarter earnings guidance on Wednesday. The company provided EPS guidance of $6.75-$8.25 for the period, compared to the consensus EPS estimate of $7.30. The company issued revenue guidance of $3.5-$4.1 billion, compared to the consensus revenue estimate of $3.77 billion. Lam Research also updated its Q4 2024 guidance to 6.750-8.250 EPS.

Analyst Ratings Changes

LRCX has been the subject of a number of recent research reports. UBS Group lifted their price objective on shares of Lam Research from $885.00 to $1,130.00 and gave the company a buy rating in a research note on Tuesday, March 5th. 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 research note on Thursday, January 25th. Mizuho lifted their price objective on shares of Lam Research from $900.00 to $935.00 and gave the company a buy rating in a research note on Thursday, January 25th. Needham & Company LLC lifted their price objective on shares of Lam Research from $900.00 to $1,030.00 and gave the company a buy rating in a research note on Thursday, April 18th. Finally, Raymond James lifted their price objective on shares of Lam Research from $850.00 to $950.00 and gave the company an outperform rating in a research note on Thursday, January 25th. Seven equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of Moderate Buy and a consensus target price of $931.85.

Lam Research Trading Down 0.3 %

Shares of LRCX stock traded down $2.53 during mid-day trading on Wednesday, reaching $884.89. The stock had a trading volume of 1,946,455 shares, compared to its average volume of 1,068,471. The stock’s 50-day moving average price is $943.93 and its two-hundred day moving average price is $806.38. The company has a current ratio of 3.06, a quick ratio of 2.02 and a debt-to-equity ratio of 0.61. The firm has a market capitalization of $116.01 billion, a PE ratio of 34.22, a price-to-earnings-growth ratio of 3.14 and a beta of 1.51. Lam Research has a 52-week low of $493.42 and a 52-week high of $1,007.39.

Lam Research (NASDAQ:LRCX) last posted its earnings results on Wednesday, January 24th. The semiconductor company reported $7.52 earnings per share for the quarter, beating the consensus estimate of $7.06 by $0.46. Lam Research had a net margin of 24.15% and a return on equity of 44.47%. The company had revenue of $3.76 billion during the quarter, compared to analysts’ expectations of $3.71 billion. During the same period last year, the company posted $10.71 earnings per share. Lam Research’s quarterly revenue was down 28.8% on a year-over-year basis. Equities analysts expect that Lam Research will post 28.92 earnings per share for the current fiscal year.

Lam Research Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 3rd. Stockholders of record on Wednesday, March 13th were issued a $2.00 dividend. The ex-dividend date was Tuesday, March 12th. This represents a $8.00 annualized dividend and a dividend yield of 0.90%. Lam Research’s dividend payout ratio (DPR) is presently 30.94%.

Insider Activity at Lam Research

In related news, CAO Christina Corrreia sold 647 shares of Lam Research stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $972.03, for a total transaction of $628,903.41. Following the completion of the sale, the chief accounting officer now owns 5,541 shares in the company, valued at approximately $5,386,018.23. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Lam Research news, SVP Seshasayee Varadarajan sold 5,500 shares of the firm’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 transaction, the senior vice president now owns 22,095 shares of the company’s stock, valued at approximately $20,380,648.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Christina Corrreia sold 647 shares of Lam Research stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $972.03, for a total transaction of $628,903.41. Following the completion of the transaction, the chief accounting officer now directly owns 5,541 shares in the company, valued at approximately $5,386,018.23. The disclosure for this sale can be found here. Insiders sold 7,029 shares of company stock worth $6,559,489 in the last 90 days. 0.32% of the stock is owned by corporate insiders.

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.