Lam Research (LRCX) Scheduled to Post Quarterly Earnings on Wednesday

Lam Research (NASDAQ:LRCX) will post its quarterly earnings results after the market closes on Wednesday, October 23rd. Analysts expect Lam Research to post earnings of $8.00 per share for the quarter. Lam Research has set its Q1 guidance at $7.25-8.75 EPS and its Q1 2025 guidance at 7.250-8.750 EPS.Individual interested in listening to the company’s earnings conference call can do so using this link.

Lam Research (NASDAQ:LRCX) last announced its quarterly earnings data on Wednesday, July 31st. The semiconductor company reported $0.81 earnings per share for the quarter, topping the consensus estimate of $0.76 by $0.05. The company had revenue of $3.87 billion for the quarter, compared to analyst estimates of $3.82 billion. Lam Research had a return on equity of 48.71% and a net margin of 25.68%. Lam Research’s revenue for the quarter was up 20.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.60 EPS. On average, analysts expect Lam Research to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Lam Research Price Performance

Shares of LRCX stock opened at $76.36 on Wednesday. The stock’s fifty day simple moving average is $95.12 and its 200 day simple moving average is $95.99. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.97 and a quick ratio of 2.00. The firm has a market cap of $9.98 billion, a price-to-earnings ratio of 2.81, a P/E/G ratio of 1.75 and a beta of 1.47. Lam Research has a one year low of $57.44 and a one year high of $113.00.

Lam Research Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Tuesday, September 17th were paid a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 1.20%. The ex-dividend date of this dividend was Tuesday, September 17th. Lam Research’s dividend payout ratio is 3.38%.

Insider Buying and Selling

In related news, CAO Christina Correia sold 647 shares of Lam Research 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 completion of the sale, the chief accounting officer now directly owns 4,267 shares of the company’s stock, valued at $3,488,315.17. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.32% of the stock is owned by insiders.

Analyst Ratings Changes

Several brokerages recently commented on LRCX. Citigroup decreased their price target on Lam Research from $99.00 to $89.30 and set a “buy” rating on the stock in a research note on Monday, September 16th. Wells Fargo & Company cut their price objective on Lam Research from $1,000.00 to $880.00 and set an “equal weight” rating for the company in a research report on Thursday, October 3rd. Morgan Stanley cut their price objective on Lam Research from $92.90 to $77.40 and set an “equal weight” rating for the company in a research report on Tuesday, September 17th. Cantor Fitzgerald cut their price objective on Lam Research from $120.00 to $100.00 and set a “neutral” rating for the company in a research report on Monday, September 30th. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on Lam Research from $110.00 to $95.00 and set a “buy” rating for the company in a research report on Thursday, August 1st. Six analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Lam Research currently has an average rating of “Moderate Buy” and a consensus price target of $141.28.

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.