Lam Research Corporation (NASDAQ:LRCX – Free Report) – Investment analysts at Erste Group Bank lifted their FY2028 EPS estimates for shares of Lam Research in a note issued to investors on Friday, September 18th. Erste Group Bank analyst S. Lingnau now anticipates that the semiconductor company will earn $11.68 per share for the year, up from their prior estimate of $11.43. The consensus estimate for Lam Research’s current full-year earnings is $9.33 per share.
Other research analysts have also recently issued research reports about the company. Needham & Company LLC reiterated a “buy” rating and set a $390.00 price objective on shares of Lam Research in a research report on Thursday, July 30th. Wells Fargo & Company reaffirmed an “overweight” rating and set a $350.00 price target (down from $450.00) on shares of Lam Research in a research report on Thursday, July 30th. Barclays reissued an “overweight” rating and issued a $335.00 price objective (up from $275.00) on shares of Lam Research in a report on Thursday, June 11th. Raymond James Financial set a $425.00 target price on shares of Lam Research in a research report on Wednesday, June 10th. Finally, Evercore reiterated an “outperform” rating and issued a $355.00 price target on shares of Lam Research in a research report on Monday, July 20th. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $361.81.
Lam Research Stock Performance
NASDAQ:LRCX opened at $302.28 on Monday. The stock has a 50 day simple moving average of $305.98 and a 200 day simple moving average of $296.00. The stock has a market cap of $378.25 billion, a P/E ratio of 52.48, a PEG ratio of 1.14 and a beta of 1.85. Lam Research has a 1-year low of $125.02 and a 1-year high of $438.50. The company has a current ratio of 2.63, a quick ratio of 1.91 and a debt-to-equity ratio of 0.30.
Lam Research (NASDAQ:LRCX – Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The semiconductor company reported $1.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.69 by $0.13. Lam Research had a net margin of 31.27% and a return on equity of 67.60%. The firm had revenue of $6.72 billion during the quarter, compared to the consensus estimate of $6.66 billion. During the same period last year, the business posted $1.33 earnings per share. The business’s revenue for the quarter was up 30.0% compared to the same quarter last year. Lam Research has set its Q1 2027 guidance at 2.000-2.300 EPS.
Hedge Funds Weigh In On Lam Research
Institutional investors have recently modified their holdings of the business. Fideuram Asset Management Ireland dac acquired a new position in Lam Research during the 4th quarter valued at about $10,035,000. Bank of America Corp DE raised its stake in shares of Lam Research by 5.5% in the second quarter. Bank of America Corp DE now owns 11,244,147 shares of the semiconductor company’s stock worth $4,872,426,000 after purchasing an additional 584,489 shares during the last quarter. Rokos Capital Management LLP lifted its holdings in shares of Lam Research by 42.0% in the first quarter. Rokos Capital Management LLP now owns 259,921 shares of the semiconductor company’s stock valued at $55,532,000 after purchasing an additional 76,840 shares in the last quarter. Aware Super Pty Ltd as trustee of Aware Super bought a new position in shares of Lam Research in the first quarter valued at approximately $59,973,000. Finally, Y Intercept Hong Kong Ltd purchased a new position in shares of Lam Research during the first quarter valued at approximately $26,489,000. Institutional investors and hedge funds own 84.61% of the company’s stock.
Insider Transactions at Lam Research
In other Lam Research news, Director Bethany Mayer sold 9,557 shares of the business’s stock in a transaction that occurred on Wednesday, September 9th. The shares were sold at an average price of $314.74, for a total transaction of $3,007,970.18. Following the completion of the transaction, the director directly owned 20,995 shares in the company, valued at $6,607,966.30. The trade was a 31.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Abhijit Y. Talwalkar sold 18,282 shares of the company’s stock in a transaction on Monday, July 13th. The stock was sold at an average price of $335.00, for a total value of $6,124,470.00. Following the sale, the director owned 87,142 shares of the company’s stock, valued at $29,192,570. The trade was a 17.34% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 32,839 shares of company stock valued at $10,644,740. Company insiders own 0.31% of the company’s stock.
Lam Research Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 14th. Stockholders of record on Wednesday, September 23rd will be given a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 0.4%. The ex-dividend date is Wednesday, September 23rd. This is a boost from Lam Research’s previous quarterly dividend of $0.26. Lam Research’s dividend payout ratio is presently 18.06%.
Lam Research Company Profile
Lam Research Corporation is a semiconductor equipment company that develops and manufactures systems used in the fabrication of integrated circuits. Its equipment supports key wafer-processing steps, including deposition, etch, wafer cleaning, and related processes used to create and connect the microscopic features found on semiconductor devices.
The company serves semiconductor manufacturers producing a range of products, including memory, logic, and specialty chips. In addition to manufacturing equipment, Lam Research provides installation, maintenance, spare parts, upgrades, technical support, and other services intended to help customers operate and improve their fabrication facilities.
Founded in 1980, Lam Research is headquartered in Fremont, California, and serves customers through a global network of offices, engineering facilities, and support operations.
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