FY2026 EPS Estimates for Lam Research Cut by Zacks Research

Lam Research Co. (NASDAQ:LRCX - Free Report) - Zacks Research lowered their FY2026 earnings per share estimates for Lam Research in a research report issued on Tuesday, November 19th. Zacks Research analyst R. Department now expects that the semiconductor company will post earnings per share of $4.06 for the year, down from their prior estimate of $4.08. The consensus estimate for Lam Research's current full-year earnings is $3.52 per share. Zacks Research also issued estimates for Lam Research's Q4 2026 earnings at $1.09 EPS and FY2027 earnings at $4.67 EPS.

Lam Research (NASDAQ:LRCX - Get Free Report) last announced its quarterly earnings results on Wednesday, October 23rd. The semiconductor company reported $0.86 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.81 by $0.05. The company had revenue of $4.17 billion during the quarter, compared to analyst estimates of $4.06 billion. Lam Research had a return on equity of 50.60% and a net margin of 26.02%. The firm's quarterly revenue was up 19.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $6.85 EPS.

LRCX has been the subject of several other reports. StockNews.com cut shares of Lam Research from a "buy" rating to a "hold" rating in a report on Friday, October 11th. Citigroup lowered their price target on Lam Research from $99.00 to $89.30 and set a "buy" rating on the stock in a research report on Monday, September 16th. TD Cowen upped their price objective on Lam Research from $100.00 to $105.00 and gave the company a "buy" rating in a report on Thursday, August 1st. BNP Paribas upgraded shares of Lam Research to a "hold" rating in a research report on Thursday, October 24th. Finally, Needham & Company LLC restated a "buy" rating and set a $100.00 price objective on shares of Lam Research in a research report on Thursday, October 24th. Seven equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $97.03.

Lam Research Stock Performance

Shares of LRCX opened at $70.05 on Thursday. The firm has a market capitalization of $90.13 billion, a PE ratio of 22.64, a P/E/G ratio of 1.12 and a beta of 1.48. The company has a quick ratio of 1.74, a current ratio of 2.53 and a debt-to-equity ratio of 0.53. The firm has a 50-day moving average price of $77.04 and a 200 day moving average price of $87.56. Lam Research has a 52-week low of $68.72 and a 52-week high of $113.00.

Lam Research Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 8th. Investors of record on Wednesday, December 11th will be given a dividend of $0.23 per share. The ex-dividend date is Wednesday, December 11th. This represents a $0.92 annualized dividend and a dividend yield of 1.31%. Lam Research's dividend payout ratio (DPR) is presently 29.74%.

Insider Activity at Lam Research

In related news, CAO Christina Correia sold 647 shares of Lam Research stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $817.51, for a total transaction of $528,928.97. Following the completion of the transaction, the chief accounting officer now directly owns 4,267 shares of the company's stock, valued at $3,488,315.17. This trade represents a 13.17 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.29% of the stock is owned by insiders.

Institutional Trading of Lam Research

Several hedge funds have recently modified their holdings of the company. CarsonAllaria Wealth Management Ltd. acquired a new stake in Lam Research during the 2nd quarter valued at $32,000. RFP Financial Group LLC raised its holdings in shares of Lam Research by 52.2% in the second quarter. RFP Financial Group LLC now owns 35 shares of the semiconductor company's stock valued at $37,000 after buying an additional 12 shares during the last quarter. Hobbs Group Advisors LLC acquired a new position in Lam Research during the 2nd quarter worth about $40,000. Country Trust Bank bought a new stake in Lam Research during the 2nd quarter worth about $43,000. Finally, MFA Wealth Advisors LLC acquired a new stake in Lam Research in the 2nd quarter valued at about $45,000. Institutional investors and hedge funds own 84.61% of the company's stock.

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.

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