Cantor Fitzgerald Expects Higher Earnings for Lam Research

Lam Research Co. (NASDAQ:LRCX - Free Report) - Analysts at Cantor Fitzgerald boosted their FY2025 EPS estimates for shares of Lam Research in a research report issued to clients and investors on Thursday, April 24th. Cantor Fitzgerald analyst C. Muse now forecasts that the semiconductor company will post earnings of $4.01 per share for the year, up from their previous forecast of $3.77. Cantor Fitzgerald currently has a "Overweight" rating and a $90.00 price target 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 issued its quarterly earnings data on Wednesday, April 23rd. The semiconductor company reported $1.04 earnings per share for the quarter, topping analysts' consensus estimates of $1.00 by $0.04. Lam Research had a net margin of 26.49% and a return on equity of 51.86%. The business had revenue of $4.72 billion during the quarter, compared to analysts' expectations of $4.64 billion.

Other equities research analysts have also recently issued research reports about the company. B. Riley restated a "buy" rating on shares of Lam Research in a report on Thursday. UBS Group decreased their price target on Lam Research from $95.00 to $90.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Wolfe Research downgraded shares of Lam Research from an "outperform" rating to a "peer perform" rating in a research note on Wednesday, January 15th. Needham & Company LLC decreased their target price on shares of Lam Research from $96.00 to $80.00 and set a "buy" rating on the stock in a research report on Thursday. Finally, TD Cowen cut their price target on shares of Lam Research from $110.00 to $100.00 and set a "buy" rating on the stock in a research note on Thursday. Six research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $92.70.

Lam Research Trading Up 0.7 %

Shares of NASDAQ:LRCX traded up $0.52 during trading on Friday, reaching $71.42. The stock had a trading volume of 9,749,642 shares, compared to its average volume of 12,130,700. Lam Research has a fifty-two week low of $56.32 and a fifty-two week high of $113.00. The business has a fifty day moving average price of $73.15 and a 200-day moving average price of $75.38. The stock has a market cap of $91.68 billion, a P/E ratio of 21.70, a PEG ratio of 1.47 and a beta of 1.52. 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 Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 9th. Stockholders of record on Wednesday, March 5th were given a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 1.29%. The ex-dividend date was Wednesday, March 5th. Lam Research's payout ratio is currently 25.63%.

Insider Activity

In related news, SVP Seshasayee Varadarajan sold 110,080 shares of the business's stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $90.00, for a total value of $9,907,200.00. Following the completion of the sale, the senior vice president now directly owns 179,084 shares of the company's stock, valued at $16,117,560. The trade was a 38.07 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.29% of the company's stock.

Institutional Investors Weigh In On Lam Research

Institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in shares of Lam Research by 892.7% during the fourth quarter. Vanguard Group Inc. now owns 120,787,727 shares of the semiconductor company's stock worth $8,724,498,000 after purchasing an additional 108,619,564 shares during the period. FMR LLC grew its holdings in shares of Lam Research by 1,032.6% during the fourth quarter. FMR LLC now owns 40,031,194 shares of the semiconductor company's stock valued at $2,891,453,000 after purchasing an additional 36,496,689 shares during the last quarter. Ameriprise Financial Inc. grew its holdings in shares of Lam Research by 950.5% during the fourth quarter. Ameriprise Financial Inc. now owns 34,543,915 shares of the semiconductor company's stock valued at $2,495,128,000 after purchasing an additional 31,255,726 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Lam Research by 907.1% in the 4th quarter. Geode Capital Management LLC now owns 31,428,010 shares of the semiconductor company's stock worth $2,265,610,000 after purchasing an additional 28,307,499 shares during the last quarter. Finally, Norges Bank acquired a new position in Lam Research during the 4th quarter valued at approximately $1,661,672,000. 84.61% of the stock is currently owned by 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.