What is KeyCorp's Estimate for Lam Research Q3 Earnings?

Lam Research Co. (NASDAQ:LRCX - Free Report) - Investment analysts at KeyCorp issued their Q3 2025 earnings per share (EPS) estimates for Lam Research in a research report issued on Wednesday, April 16th. KeyCorp analyst S. Barger anticipates that the semiconductor company will post earnings per share of $1.02 for the quarter. KeyCorp currently has a "Overweight" rating and a $95.00 price target on the stock. The consensus estimate for Lam Research's current full-year earnings is $3.71 per share. KeyCorp also issued estimates for Lam Research's Q4 2025 earnings at $1.03 EPS.

Lam Research (NASDAQ:LRCX - Get Free Report) last announced its quarterly earnings data on Wednesday, January 29th. The semiconductor company reported $0.91 earnings per share for the quarter, topping 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 research analysts have also recently commented on the company. Wells Fargo & Company boosted their price objective on Lam Research from $82.00 to $85.00 and gave the stock an "equal weight" rating in a research note on Thursday, January 30th. Mizuho upped their target price on shares of Lam Research from $87.00 to $100.00 and gave the company an "outperform" rating in a research note on Thursday, February 20th. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $100.00 price target on shares of Lam Research in a research note on Tuesday, February 18th. Barclays lowered their target price on Lam Research from $75.00 to $70.00 and set an "equal weight" rating for the company in a research note on Tuesday. Finally, The Goldman Sachs Group cut their price target 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. Six investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. Based on data from MarketBeat, Lam Research currently has a consensus rating of "Moderate Buy" and an average price target of $93.63.

Lam Research Trading Up 6.1 %

Shares of LRCX stock traded up $3.86 during mid-day trading on Friday, reaching $67.34. The company's stock had a trading volume of 8,310,883 shares, compared to its average volume of 12,109,148. The company's 50 day simple moving average is $74.01 and its 200-day simple moving average is $75.68. 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 12-month low of $56.32 and a 12-month high of $113.00. The firm has a market capitalization of $86.44 billion, a PE ratio of 20.46, a price-to-earnings-growth ratio of 1.47 and a beta of 1.52.

Institutional Trading of Lam Research

Hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of Lam Research by 892.7% in 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 in the last quarter. FMR LLC lifted its stake in shares of Lam Research by 1,032.6% in the fourth quarter. FMR LLC now owns 40,031,194 shares of the semiconductor company's stock worth $2,891,453,000 after buying an additional 36,496,689 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in 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 acquiring an additional 31,255,726 shares during the period. Geode Capital Management LLC boosted its position in shares of Lam Research by 907.1% in the fourth quarter. Geode Capital Management LLC now owns 31,428,010 shares of the semiconductor company's stock valued at $2,265,610,000 after acquiring an additional 28,307,499 shares during the period. Finally, Norges Bank acquired a new position in Lam Research during the 4th quarter valued at $1,661,672,000. 84.61% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, SVP Seshasayee Varadarajan sold 110,080 shares of the firm's stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $90.00, for a total transaction 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. This trade represents a 38.07 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.29% of the stock is owned by insiders.

Lam Research Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Shareholders of record on Wednesday, March 5th were paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date was Wednesday, March 5th. Lam Research's payout ratio is currently 27.96%.

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.