Q3 EPS Estimates for Lam Research Cut by Zacks Research

Lam Research Co. (NASDAQ:LRCX) – Analysts at Zacks Research reduced their Q3 2025 earnings per share estimates for Lam Research in a research report issued to clients and investors on Thursday, October 17th. Zacks Research analyst R. Department now forecasts that the semiconductor company will post earnings of $0.88 per share for the quarter, down from their prior estimate 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.

A number of other brokerages have also recently weighed in on LRCX. Deutsche Bank Aktiengesellschaft lowered their price target 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. UBS Group lowered their price target on Lam Research from $125.00 to $115.00 and set a “buy” rating on the stock in a research report on Thursday, September 12th. Mizuho lowered their price target on Lam Research from $105.00 to $95.00 and set an “outperform” rating on the stock in a research report on Friday, September 20th. Wells Fargo & Company lowered their price target on Lam Research from $1,000.00 to $880.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 3rd. Finally, Citigroup lowered their price target on Lam Research from $99.00 to $89.30 and set a “buy” rating on the stock in a research report on Monday, September 16th. Six analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $141.28.

Lam Research Stock Performance

Shares of NASDAQ:LRCX opened at $73.00 on Monday. The business’s fifty day moving average price is $79.82 and its two-hundred day moving average price is $90.11. Lam Research has a fifty-two week low of $57.44 and a fifty-two week high of $113.00. The stock has a market capitalization of $9.54 billion, a price-to-earnings ratio of 2.68, a price-to-earnings-growth ratio of 1.75 and a beta of 1.47. 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 (NASDAQ:LRCX) last released its quarterly earnings data on Wednesday, July 31st. The semiconductor company reported $0.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.76 by $0.05. The business had revenue of $3.87 billion for the quarter, compared to analysts’ expectations of $3.82 billion. Lam Research had a return on equity of 48.71% and a net margin of 25.68%. Lam Research’s quarterly revenue was up 20.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.60 earnings per share.

Hedge Funds Weigh In On Lam Research

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. CarsonAllaria Wealth Management Ltd. bought a new position in Lam Research during the second quarter worth about $32,000. RFP Financial Group LLC lifted its holdings in shares of Lam Research by 52.2% during 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 2nd quarter valued at about $40,000. Country Trust Bank bought a new position in shares of Lam Research during the 2nd quarter valued at about $43,000. Finally, MFA Wealth Advisors LLC bought a new position in shares of Lam Research during the 2nd quarter valued at about $45,000. Institutional investors own 84.61% of the company’s stock.

Insider Activity

In other Lam Research news, CAO Christina Correia sold 647 shares of the stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $817.51, for a total value of $528,928.97. Following the transaction, the chief accounting officer now owns 4,267 shares of the company’s stock, valued at approximately $3,488,315.17. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.32% of the stock is currently owned by insiders.

Lam Research Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 17th were paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 1.26%. The ex-dividend date was Tuesday, September 17th. Lam Research’s dividend payout ratio (DPR) is presently 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.