Cantor Fitzgerald Boosts Earnings Estimates for Lam Research

Lam Research Co. (NASDAQ:LRCX - Free Report) - Equities research analysts at Cantor Fitzgerald boosted their FY2025 earnings per share (EPS) estimates for shares of Lam Research in a research report issued on Thursday, January 30th. Cantor Fitzgerald analyst C. Muse now forecasts that the semiconductor company will post earnings per share of $3.77 for the year, up from their prior estimate of $3.51. Cantor Fitzgerald has a "Overweight" rating and a $100.00 price target on the stock. The consensus estimate for Lam Research's current full-year earnings is $3.69 per share.

Lam Research (NASDAQ:LRCX - Get Free Report) last issued its quarterly earnings results on Wednesday, January 29th. The semiconductor company reported $0.91 EPS 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%.

LRCX has been the subject of several other reports. B. Riley decreased their target price on shares of Lam Research from $132.50 to $105.00 and set a "buy" rating for the company in a research note on Wednesday, October 23rd. Stifel Nicolaus restated a "buy" rating and set a $100.00 price objective (down from $105.00) on shares of Lam Research in a research note on Thursday, October 24th. The Goldman Sachs Group reduced their price target on Lam Research from $96.00 to $85.00 and set a "buy" rating for the company in a report on Friday, January 10th. Sanford C. Bernstein upgraded Lam Research from a "market perform" rating to an "outperform" rating and upped their price objective for the company from $85.00 to $91.00 in a research note on Thursday, January 30th. Finally, Morgan Stanley lifted their target price on Lam Research from $76.00 to $78.00 and gave the stock an "equal weight" rating in a research note on Thursday, December 5th. Seven research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat.com, Lam Research has a consensus rating of "Moderate Buy" and a consensus price target of $95.72.

Lam Research Stock Down 0.4 %

LRCX stock traded down $0.30 during mid-day trading on Friday, reaching $79.90. The company had a trading volume of 5,804,655 shares, compared to its average volume of 12,705,664. The company has a market capitalization of $102.80 billion, a price-to-earnings ratio of 24.27, a PEG ratio of 1.34 and a beta of 1.46. Lam Research has a 52 week low of $68.87 and a 52 week high of $113.00. The stock has a 50 day simple moving average of $76.18 and a two-hundred day simple moving average of $78.44. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.54 and a quick ratio of 1.73.

Hedge Funds Weigh In On Lam Research

A number of institutional investors have recently added to or reduced their stakes in the stock. Commonwealth Retirement Investments LLC boosted its holdings in shares of Lam Research by 953.7% during the 4th quarter. Commonwealth Retirement Investments LLC now owns 21,907 shares of the semiconductor company's stock valued at $1,582,000 after acquiring an additional 19,828 shares in the last quarter. Artemis Wealth Advisors LLC boosted its stake in shares of Lam Research by 400.0% during the fourth quarter. Artemis Wealth Advisors LLC now owns 30,000 shares of the semiconductor company's stock valued at $2,167,000 after purchasing an additional 24,000 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Lam Research by 860.4% during the fourth quarter. Bank of New York Mellon Corp now owns 11,786,808 shares of the semiconductor company's stock worth $851,361,000 after purchasing an additional 10,559,508 shares during the last quarter. Sentry Investment Management LLC raised its holdings in Lam Research by 760.0% in the 4th quarter. Sentry Investment Management LLC now owns 5,461 shares of the semiconductor company's stock valued at $394,000 after buying an additional 4,826 shares during the last quarter. Finally, Brown Financial Advisors boosted its position in Lam Research by 1,085.4% during the 4th quarter. Brown Financial Advisors now owns 12,174 shares of the semiconductor company's stock worth $879,000 after buying an additional 11,147 shares during the period. 84.61% of the stock is currently owned by institutional investors and hedge funds.

Lam Research Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Wednesday, December 11th were issued a $0.23 dividend. The ex-dividend date of this dividend was Wednesday, December 11th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.15%. Lam Research's dividend payout ratio (DPR) is currently 27.95%.

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.