Zacks Research Forecasts Lower Earnings for Lam Research

Lam Research Co. (NASDAQ:LRCX) – Research analysts at Zacks Research reduced their Q1 2027 EPS estimates for Lam Research in a research note issued to investors on Tuesday, December 3rd. Zacks Research analyst R. Department now forecasts that the semiconductor company will earn $1.11 per share for the quarter, down from their previous estimate of $1.12. 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 FY2027 earnings at $4.65 EPS.

Lam Research (NASDAQ:LRCX) last posted its quarterly earnings data on Wednesday, October 23rd. The semiconductor company reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.81 by $0.05. Lam Research had a net margin of 26.02% and a return on equity of 50.60%. The company had revenue of $4.17 billion during the quarter, compared to analysts’ expectations of $4.06 billion. During the same period in the prior year, the company posted $6.85 EPS. The firm’s revenue for the quarter was up 19.7% on a year-over-year basis.

A number of other analysts also recently weighed in on LRCX. BNP Paribas raised shares of Lam Research to a “hold” rating in a research report on Thursday, October 24th. Needham & Company LLC reissued a “buy” rating and issued a $100.00 target price on shares of Lam Research in a research report on Thursday, October 24th. Mizuho cut their target price on shares of Lam Research from $105.00 to $95.00 and set an “outperform” rating on the stock in a research note on Friday, September 20th. Sanford C. Bernstein decreased their price target on Lam Research from $95.00 to $85.00 and set a “market perform” rating for the company in a research note on Friday, November 29th. Finally, Wells Fargo & Company cut their price objective on Lam Research from $85.00 to $83.00 and set an “equal weight” rating on the stock in a research note on Friday. Eight research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, Lam Research has a consensus rating of “Moderate Buy” and a consensus target price of $97.24.

Lam Research Price Performance

LRCX stock opened at $76.59 on Thursday. The stock’s 50 day moving average is $76.42 and its two-hundred day moving average is $86.25. Lam Research has a 52-week low of $68.87 and a 52-week high of $113.00. The company has a market capitalization of $98.55 billion, a PE ratio of 24.79, a P/E/G ratio of 1.25 and a beta of 1.46. The company has a quick ratio of 1.74, a current ratio of 2.53 and a debt-to-equity ratio of 0.53.

Hedge Funds Weigh In On Lam Research

Hedge funds have recently modified their holdings of the company. Jennison Associates LLC raised its holdings in shares of Lam Research by 20.0% in the 3rd quarter. Jennison Associates LLC now owns 238,275 shares of the semiconductor company’s stock worth $194,451,000 after purchasing an additional 39,725 shares in the last quarter. Creative Planning grew its position in Lam Research by 2.5% in the third quarter. Creative Planning now owns 47,377 shares of the semiconductor company’s stock worth $38,664,000 after buying an additional 1,146 shares during the last quarter. Vest Financial LLC increased its holdings in shares of Lam Research by 68.7% in the third quarter. Vest Financial LLC now owns 35,991 shares of the semiconductor company’s stock valued at $29,372,000 after buying an additional 14,658 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its stake in shares of Lam Research by 9.0% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 340,855 shares of the semiconductor company’s stock worth $278,165,000 after acquiring an additional 28,089 shares in the last quarter. Finally, Benson Investment Management Company Inc. acquired a new position in shares of Lam Research in the 3rd quarter worth $5,182,000. 84.61% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Lam Research

In related news, CAO Christina Correia sold 647 shares of the business’s stock in a transaction that occurred 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 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 13.17 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.29% of the stock is owned by company insiders.

Lam Research Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 8th. Investors of record on Wednesday, December 11th will be given a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 1.20%. The ex-dividend date of this dividend is Wednesday, December 11th. Lam Research’s dividend payout ratio is currently 29.77%.

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.