Q3 EPS Estimates for Lam Research Cut by Zacks Research

Lam Research Co. (NASDAQ:LRCX - Free Report) - Research analysts at Zacks Research dropped their Q3 2025 EPS estimates for shares of Lam Research in a research report issued on Thursday, October 17th. Zacks Research analyst R. Department now expects that the semiconductor company will post earnings per share of $0.88 for the quarter, down from their prior forecast of $0.88. 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 FY2025 earnings at $3.46 EPS, Q1 2026 earnings at $0.98 EPS, Q2 2026 earnings at $1.04 EPS and FY2026 earnings at $4.28 EPS.

Other equities research analysts also recently issued reports about the stock. Mizuho reduced their price target on shares of Lam Research from $105.00 to $95.00 and set an "outperform" rating for the company in a research report on Friday, September 20th. StockNews.com cut Lam Research from a "buy" rating to a "hold" rating in a report on Friday, October 11th. TD Cowen upped their target price on Lam Research from $100.00 to $105.00 and gave the company a "buy" rating in a report on Thursday, August 1st. Citigroup cut their price target on Lam Research from $99.00 to $89.30 and set a "buy" rating for the company in a research note on Monday, September 16th. Finally, Needham & Company LLC reissued a "buy" rating and issued a $113.00 price objective on shares of Lam Research in a research note on Thursday, August 1st. Six investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $141.28.

Lam Research Stock Performance

Shares of LRCX remained flat at $72.84 during mid-day trading on Monday. The stock had a trading volume of 12,364,372 shares, compared to its average volume of 11,161,031. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.97 and a quick ratio of 2.00. Lam Research has a 1-year low of $57.44 and a 1-year high of $113.00. The stock has a market capitalization of $9.52 billion, a price-to-earnings ratio of 2.67, a P/E/G ratio of 1.75 and a beta of 1.47. The business has a fifty day moving average of $80.15 and a 200-day moving average of $90.44.

Lam Research (NASDAQ:LRCX - Get Free Report) last issued its quarterly earnings results on Wednesday, July 31st. The semiconductor company reported $0.81 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.76 by $0.05. Lam Research had a net margin of 25.68% and a return on equity of 48.71%. The business had revenue of $3.87 billion for the quarter, compared to analyst estimates of $3.82 billion. During the same period in the previous year, the business posted $0.60 earnings per share. The business's revenue was up 20.7% compared to the same quarter last year.

Institutional Investors Weigh In On Lam Research

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

Insider Activity

In related news, CAO Christina Correia sold 647 shares of Lam Research stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $817.51, for a total transaction of $528,928.97. Following the sale, the chief accounting officer now owns 4,267 shares of the company's stock, valued at $3,488,315.17. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.32% of the company's stock.

Lam Research Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 17th were given a dividend of $0.23 per share. The ex-dividend date of this dividend was Tuesday, September 17th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.26%. Lam Research's payout ratio is currently 3.38%.

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.