Lam Research (LRCX) Expected to Announce Quarterly Earnings on Wednesday

Lam Research (NASDAQ:LRCX) will likely be issuing its quarterly earnings data 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. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

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

NASDAQ:LRCX opened at $81.50 on Wednesday. The stock has a 50 day simple moving average of $74.81 and a 200 day simple moving average of $80.43. The stock has a market cap of $104.87 billion, a P/E ratio of 26.34, a PEG ratio of 1.48 and a beta of 1.45. Lam Research has a 1-year low of $68.87 and a 1-year high of $113.00. The company has a current ratio of 2.53, a quick ratio of 1.74 and a debt-to-equity ratio of 0.53.

Lam Research Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Wednesday, December 11th were issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.13%. The ex-dividend date of this dividend was Wednesday, December 11th. Lam Research’s dividend payout ratio is currently 29.74%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. Wells Fargo & Company lowered their price target on shares of Lam Research from $83.00 to $82.00 and set an “equal weight” rating on the stock in a research report on Monday, January 13th. Stifel Nicolaus reiterated a “buy” rating and issued a $100.00 price target (down from $105.00) on shares of Lam Research in a research report on Thursday, October 24th. Barclays reduced their price target on Lam Research from $90.00 to $75.00 and set an “equal weight” rating on the stock in a research report on Friday, January 17th. StockNews.com cut Lam Research from a “buy” rating to a “hold” rating in a report on Friday, October 11th. Finally, B. Riley reduced their target price on Lam Research from $132.50 to $105.00 and set a “buy” rating on the stock in a report on Wednesday, October 23rd. Nine research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat, Lam Research currently has a consensus rating of “Moderate Buy” and an average target price of $95.77.

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.