Lam Research (LRCX) Expected to Announce Earnings on Wednesday

Lam Research (NASDAQ:LRCXGet Free Report) is projected to announce its earnings results after the market closes on Wednesday, January 29th. Analysts expect the company to announce earnings of $0.87 per share and revenue of $4,317,573.71 billion for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Lam Research Price Performance

Shares of LRCX opened at $79.68 on Monday. The business’s 50-day moving average is $75.43 and its 200-day moving average is $79.86. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.53 and a quick ratio of 1.74. The company has a market capitalization of $102.52 billion, a price-to-earnings ratio of 25.75, a P/E/G ratio of 1.53 and a beta of 1.45. Lam Research has a fifty-two week low of $68.87 and a fifty-two week high of $113.00.

Lam Research Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Investors of record on Wednesday, December 11th were given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date of this dividend was Wednesday, December 11th. Lam Research’s payout ratio is presently 29.74%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on LRCX shares. Mizuho decreased their target price on shares of Lam Research from $95.00 to $90.00 and set an “outperform” rating for the company in a research note on Friday, January 10th. Needham & Company LLC reissued a “buy” rating and set a $100.00 price objective on shares of Lam Research in a research report on Thursday, October 24th. Sanford C. Bernstein lowered their target price on Lam Research from $95.00 to $85.00 and set a “market perform” rating on the stock in a research note on Friday, November 29th. KeyCorp raised Lam Research from a “sector weight” rating to an “overweight” rating and set a $95.00 price target for the company in a research note on Friday, January 17th. Finally, Barclays lowered their price target on Lam Research from $90.00 to $75.00 and set an “equal weight” rating for the company in a research note on Friday, January 17th. Nine equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, Lam Research currently has a consensus rating of “Moderate Buy” and a consensus target price of $95.77.

View Our Latest Stock Analysis on Lam Research

Lam Research Company Profile

(Get Free Report)

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.

Further Reading

Earnings History for Lam Research (NASDAQ:LRCX)

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