B. Riley Issues Negative Estimate for Lam Research Earnings

Lam Research Co. (NASDAQ:LRCX - Free Report) - Equities research analysts at B. Riley dropped their Q2 2025 earnings per share estimates for Lam Research in a research note issued on Wednesday, October 23rd. B. Riley analyst C. Ellis now forecasts that the semiconductor company will post earnings per share of $0.84 for the quarter, down from their previous forecast of $0.86. B. Riley currently has a "Buy" rating and a $105.00 target price on the stock. The consensus estimate for Lam Research's current full-year earnings is $3.23 per share.

Other analysts have also issued research reports about the company. Deutsche Bank Aktiengesellschaft cut their target price on Lam Research from $110.00 to $95.00 and set a "buy" rating on the stock in a research report on Thursday, August 1st. Stifel Nicolaus reissued a "buy" rating and set a $100.00 target price (down previously from $105.00) on shares of Lam Research in a research note on Thursday. UBS Group dropped their target price on Lam Research from $125.00 to $115.00 and set a "buy" rating for the company in a research report on Thursday, September 12th. Wells Fargo & Company reduced their price target on shares of Lam Research from $88.00 to $85.00 and set an "equal weight" rating on the stock in a research report on Thursday. Finally, Cantor Fitzgerald restated a "neutral" rating and issued a $100.00 price objective on shares of Lam Research in a report on Thursday. Six investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat, Lam Research has a consensus rating of "Moderate Buy" and a consensus target price of $97.03.

Lam Research Trading Up 1.4 %

LRCX stock traded up $1.11 during mid-day trading on Friday, hitting $77.68. 14,581,302 shares of the company were exchanged, compared to its average volume of 11,291,600. The business has a fifty day simple moving average of $79.44 and a 200-day simple moving average of $89.84. The firm has a market capitalization of $100.68 billion, a P/E ratio of 26.96, a PEG ratio of 1.89 and a beta of 1.47. Lam Research has a 12-month low of $57.44 and a 12-month high of $113.00. The company has a quick ratio of 2.00, a current ratio of 2.97 and a debt-to-equity ratio of 0.52.

Lam Research (NASDAQ:LRCX - Get Free Report) last released its quarterly earnings data on Wednesday, October 23rd. The semiconductor company reported $0.86 earnings per share for the quarter, topping analysts' consensus estimates of $0.81 by $0.05. Lam Research had a return on equity of 48.71% and a net margin of 25.68%. The company had revenue of $4.17 billion for the quarter, compared to analyst estimates of $4.06 billion. During the same quarter in the previous year, the company posted $6.85 earnings per share. The firm's revenue for the quarter was up 19.7% compared to the same quarter last year.

Institutional Trading of Lam Research

Several large investors have recently bought and sold shares of LRCX. Fortitude Family Office LLC boosted its holdings in shares of Lam Research by 16.7% during the second quarter. Fortitude Family Office LLC now owns 63 shares of the semiconductor company's stock worth $67,000 after purchasing an additional 9 shares during the last quarter. Thomasville National Bank boosted its stake in Lam Research by 1.5% in the 2nd quarter. Thomasville National Bank now owns 812 shares of the semiconductor company's stock worth $865,000 after buying an additional 12 shares during the last quarter. Ignite Planners LLC increased its stake in shares of Lam Research by 2.8% during the 2nd quarter. Ignite Planners LLC now owns 445 shares of the semiconductor company's stock valued at $484,000 after acquiring an additional 12 shares during the last quarter. U.S. Capital Wealth Advisors LLC lifted its holdings in shares of Lam Research by 3.7% during the 2nd quarter. U.S. Capital Wealth Advisors LLC now owns 335 shares of the semiconductor company's stock worth $357,000 after acquiring an additional 12 shares during the period. Finally, RFP Financial Group LLC boosted its position 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 worth $37,000 after acquiring an additional 12 shares during the last quarter. Institutional investors and hedge funds own 84.61% of the company's stock.

Insider Activity at Lam Research

In related news, CAO Christina Correia sold 647 shares of the company's stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $817.51, for a total transaction of $528,928.97. Following the transaction, the chief accounting officer now owns 4,267 shares of the company's stock, valued at $3,488,315.17. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.29% of the stock is owned by insiders.

Lam Research Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Tuesday, September 17th were issued a dividend of $0.23 per share. The ex-dividend date of this dividend was Tuesday, September 17th. This represents a $0.92 annualized dividend and a yield of 1.18%. Lam Research's dividend payout ratio is currently 31.72%.

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.