Q3 EPS Estimates for Lam Research Cut by Zacks Research

Lam Research Co. (NASDAQ:LRCX) – Analysts at Zacks Research dropped their Q3 2025 EPS estimates for shares of Lam Research in a report released on Thursday, October 17th. Zacks Research analyst R. Department now expects 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.

Lam Research (NASDAQ:LRCX) last issued its quarterly earnings results on Wednesday, July 31st. The semiconductor company reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.05. The company 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%. The firm’s revenue for the quarter was up 20.7% on a year-over-year basis. During the same period last year, the firm earned $0.60 EPS.

A number of other analysts have also recently weighed in on LRCX. StockNews.com cut shares of Lam Research from a “buy” rating to a “hold” rating in a report on Friday, October 11th. TD Cowen raised their price objective on Lam Research from $100.00 to $105.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. UBS Group cut their target price 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. Citigroup decreased their price target on Lam Research from $99.00 to $89.30 and set a “buy” rating for the company in a research report on Monday, September 16th. Finally, Morgan Stanley cut their price objective on Lam Research from $92.90 to $77.40 and set an “equal weight” rating on the stock in a report on Tuesday, September 17th. Six equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $141.28.

Lam Research Stock Performance

NASDAQ:LRCX opened at $72.84 on Monday. The company has a 50-day moving average of $80.15 and a 200-day moving average of $90.44. The firm has a market cap of $9.52 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 current ratio of 2.97, a quick ratio of 2.00 and a debt-to-equity ratio of 0.52. Lam Research has a twelve month low of $57.44 and a twelve month high of $113.00.

Lam Research Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Tuesday, September 17th were given a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 1.26%. The ex-dividend date was Tuesday, September 17th. Lam Research’s payout ratio is currently 3.38%.

Insider Transactions 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 value of $528,928.97. Following the completion of the sale, the chief accounting officer now owns 4,267 shares of the company’s stock, valued at approximately $3,488,315.17. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.32% of the company’s stock.

Institutional Investors Weigh In On Lam Research

Large investors have recently bought and sold shares of the business. Wellington Management Group LLP increased its holdings in shares of Lam Research by 98.5% during the 4th quarter. Wellington Management Group LLP now owns 39,781 shares of the semiconductor company’s stock valued at $31,159,000 after acquiring an additional 19,742 shares during the last quarter. RFG Advisory LLC grew its holdings in Lam Research by 34.6% during the first quarter. RFG Advisory LLC now owns 615 shares of the semiconductor company’s stock valued at $597,000 after purchasing an additional 158 shares during the last quarter. International Assets Investment Management LLC raised its position in shares of Lam Research by 204.4% in the first quarter. International Assets Investment Management LLC now owns 1,236 shares of the semiconductor company’s stock valued at $1,214,000 after purchasing an additional 830 shares during the period. Range Financial Group LLC lifted its stake in shares of Lam Research by 5.3% in the first quarter. Range Financial Group LLC now owns 317 shares of the semiconductor company’s stock worth $308,000 after buying an additional 16 shares during the last quarter. Finally, Global Assets Advisory LLC bought a new stake in shares of Lam Research during the 1st quarter worth $29,580,000. 84.61% of the stock is currently owned by institutional investors.

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.