B. Riley Issues Positive Forecast for Lam Research Earnings

Lam Research Co. (NASDAQ:LRCX - Free Report) - Investment analysts at B. Riley lifted their FY2025 earnings per share estimates for Lam Research in a research note issued to investors on Friday, February 14th. B. Riley analyst C. Ellis now anticipates that the semiconductor company will earn $3.64 per share for the year, up from their previous forecast of $3.48. B. Riley has a "Buy" rating and a $105.00 price objective on the stock. The consensus estimate for Lam Research's current full-year earnings is $3.71 per share.

Lam Research (NASDAQ:LRCX - Get Free Report) last released its earnings results on Wednesday, January 29th. The semiconductor company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.87 by $0.04. Lam Research had a net margin of 26.49% and a return on equity of 51.86%.

A number of other equities research analysts have also commented on the stock. Needham & Company LLC reiterated a "buy" rating and set a $90.00 price target on shares of Lam Research in a report on Thursday, January 30th. Wolfe Research downgraded shares of Lam Research from an "outperform" rating to a "peer perform" rating in a research note on Wednesday, January 15th. Cantor Fitzgerald restated an "overweight" rating and set a $100.00 price target on shares of Lam Research in a report on Tuesday. Wells Fargo & Company increased their price objective on Lam Research from $82.00 to $85.00 and gave the stock an "equal weight" rating in a report on Thursday, January 30th. Finally, The Goldman Sachs Group reduced their target price on Lam Research from $96.00 to $85.00 and set a "buy" rating on the stock in a research note on Friday, January 10th. Seven research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $95.72.

Lam Research Trading Up 1.2 %

Shares of NASDAQ LRCX traded up $1.08 during midday trading on Monday, reaching $87.66. The company had a trading volume of 15,567,006 shares, compared to its average volume of 12,295,411. The company has a quick ratio of 1.73, a current ratio of 2.54 and a debt-to-equity ratio of 0.51. Lam Research has a one year low of $68.87 and a one year high of $113.00. The stock has a market cap of $112.53 billion, a PE ratio of 26.63, a price-to-earnings-growth ratio of 1.36 and a beta of 1.46. The firm's fifty day moving average price is $78.00 and its 200-day moving average price is $77.90.

Lam Research Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Wednesday, March 5th will be issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 1.05%. The ex-dividend date of this dividend is Wednesday, March 5th. Lam Research's dividend payout ratio (DPR) is presently 27.95%.

Institutional Investors Weigh In On Lam Research

Several large investors have recently made changes to their positions in LRCX. Financial Perspectives Inc increased its position in Lam Research by 908.8% during the fourth quarter. Financial Perspectives Inc now owns 343 shares of the semiconductor company's stock valued at $25,000 after acquiring an additional 309 shares during the last quarter. Fairway Wealth LLC raised its position in Lam Research by 900.0% in the 4th quarter. Fairway Wealth LLC now owns 340 shares of the semiconductor company's stock worth $25,000 after purchasing an additional 306 shares during the period. Atwood & Palmer Inc. bought a new stake in Lam Research in the fourth quarter worth about $27,000. Midwest Capital Advisors LLC purchased a new position in shares of Lam Research during the fourth quarter valued at approximately $27,000. Finally, West Paces Advisors Inc. bought a new position in shares of Lam Research during the fourth quarter valued at approximately $27,000. 84.61% of the stock is owned by institutional investors.

Lam Research Company Profile

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.