FY2027 Earnings Estimate for Lam Research Issued By B. Riley

Lam Research Co. (NASDAQ:LRCX - Free Report) - Equities research analysts at B. Riley issued their FY2027 EPS estimates for Lam Research in a research report issued on Monday, April 21st. B. Riley analyst C. Ellis expects that the semiconductor company will earn $4.01 per share for the year. The consensus estimate for Lam Research's current full-year earnings is $3.71 per share.

Several other brokerages also recently weighed in on LRCX. Bank of America reduced their target price on shares of Lam Research from $110.00 to $90.00 and set a "buy" rating on the stock in a research note on Wednesday, April 16th. UBS Group decreased their price target on shares of Lam Research from $95.00 to $90.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Stifel Nicolaus cut their price objective on Lam Research from $100.00 to $92.00 and set a "buy" rating on the stock in a report on Tuesday, April 15th. Sanford C. Bernstein upgraded Lam Research from a "market perform" rating to an "outperform" rating and lifted their price objective for the company from $85.00 to $91.00 in a research note on Thursday, January 30th. Finally, Wolfe Research cut shares of Lam Research from an "outperform" rating to a "peer perform" rating in a research note on Wednesday, January 15th. Six research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $93.87.

Lam Research Price Performance

NASDAQ LRCX opened at $62.39 on Tuesday. Lam Research has a 52 week low of $56.32 and a 52 week high of $113.00. The firm has a market capitalization of $80.09 billion, a P/E ratio of 18.95, a PEG ratio of 1.47 and a beta of 1.52. The company has a 50-day moving average price of $74.41 and a 200-day moving average price of $75.76. 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 (NASDAQ:LRCX - Get Free Report) last announced 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%.

Institutional Trading of Lam Research

A number of institutional investors have recently made changes to their positions in LRCX. Dale Q Rice Investment Management Ltd boosted its holdings in shares of Lam Research by 100.0% during the first quarter. Dale Q Rice Investment Management Ltd now owns 12,980 shares of the semiconductor company's stock worth $944,000 after purchasing an additional 6,490 shares during the period. Jamison Private Wealth Management Inc. lifted its holdings in shares of Lam Research by 13.9% during the first quarter. Jamison Private Wealth Management Inc. now owns 6,408 shares of the semiconductor company's stock worth $466,000 after buying an additional 784 shares during the last quarter. Rockline Wealth Management LLC boosted its holdings in Lam Research by 5.6% in the 1st quarter. Rockline Wealth Management LLC now owns 48,012 shares of the semiconductor company's stock valued at $3,490,000 after purchasing an additional 2,551 shares during the period. Advisor Resource Council acquired a new position in shares of Lam Research in the first quarter valued at $940,000. Finally, ORG Partners LLC grew its position in Lam Research by 19.2% in the first quarter. ORG Partners LLC now owns 1,562 shares of the semiconductor company's stock valued at $114,000 after acquiring an additional 252 shares during the period. 84.61% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, SVP Seshasayee Varadarajan sold 110,080 shares of Lam Research stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $90.00, for a total value of $9,907,200.00. Following the completion of the transaction, the senior vice president now directly owns 179,084 shares of the company's stock, valued at approximately $16,117,560. The trade was a 38.07 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.29% of the stock is currently owned by company insiders.

Lam Research Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Investors of record on Wednesday, March 5th were issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 1.47%. The ex-dividend date of this dividend was Wednesday, March 5th. Lam Research's payout ratio is 27.96%.

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.

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