Lam Research FY2025 EPS Estimate Lifted by Cantor Fitzgerald

Lam Research Co. (NASDAQ:LRCX) – Investment analysts at Cantor Fitzgerald upped their FY2025 earnings per share estimates for shares of Lam Research in a research note issued on Thursday, January 30th. Cantor Fitzgerald analyst C. Muse now anticipates that the semiconductor company will post earnings per share of $3.77 for the year, up from their previous estimate of $3.51. Cantor Fitzgerald has a “Overweight” rating and a $100.00 price objective on the stock. The consensus estimate for Lam Research’s current full-year earnings is $3.51 per share.

Several other equities research analysts also recently commented on LRCX. Mizuho dropped their target price on Lam Research from $95.00 to $90.00 and set an “outperform” rating on the stock in a report on Friday, January 10th. Morgan Stanley raised their price target on shares of Lam Research from $76.00 to $78.00 and gave the company an “equal weight” rating in a research report on Thursday, December 5th. KeyCorp upgraded Lam Research from a “sector weight” rating to an “overweight” rating and set a $95.00 target price on the stock in a research note on Friday, January 17th. B. Riley decreased their price target on Lam Research from $132.50 to $105.00 and set a “buy” rating for the company in a research note on Wednesday, October 23rd. Finally, StockNews.com cut Lam Research from a “buy” rating to a “hold” rating in a research report on Friday, October 11th. Seven investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Lam Research has a consensus rating of “Moderate Buy” and a consensus price target of $95.72.

Lam Research Stock Performance

Shares of LRCX stock opened at $81.05 on Friday. The company has a current ratio of 2.53, a quick ratio of 1.74 and a debt-to-equity ratio of 0.53. The company’s fifty day moving average price is $75.88 and its 200-day moving average price is $78.94. The stock has a market cap of $104.29 billion, a PE ratio of 24.62, a price-to-earnings-growth ratio of 1.38 and a beta of 1.45. Lam Research has a 12 month low of $68.87 and a 12 month high of $113.00.

Lam Research (NASDAQ:LRCX) last released its quarterly earnings results on Wednesday, January 29th. The semiconductor company reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.87 by $0.04. Lam Research had a net margin of 26.49% and a return on equity of 52.58%.

Hedge Funds Weigh In On Lam Research

Several institutional investors and hedge funds have recently modified their holdings of LRCX. Parisi Gray Wealth Management boosted its stake in shares of Lam Research by 652.9% in the fourth quarter. Parisi Gray Wealth Management now owns 8,350 shares of the semiconductor company’s stock worth $603,000 after acquiring an additional 7,241 shares during the last quarter. Burns J W & Co. Inc. NY purchased a new position in shares of Lam Research during the 4th quarter worth approximately $815,000. Jennison Associates LLC raised its position in Lam Research by 20.0% in the third quarter. Jennison Associates LLC now owns 238,275 shares of the semiconductor company’s stock valued at $194,451,000 after purchasing an additional 39,725 shares during the period. Creative Planning lifted its stake in Lam Research by 2.5% during the 3rd quarter. Creative Planning now owns 47,377 shares of the semiconductor company’s stock worth $38,664,000 after acquiring an additional 1,146 shares in the last quarter. Finally, Vest Financial LLC boosted its holdings in Lam Research by 68.7% during the 3rd quarter. Vest Financial LLC now owns 35,991 shares of the semiconductor company’s stock valued at $29,372,000 after acquiring an additional 14,658 shares during the period. Hedge funds and other institutional investors own 84.61% of the company’s stock.

Lam Research Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Wednesday, December 11th were paid a dividend of $0.23 per share. The ex-dividend date was Wednesday, December 11th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.14%. Lam Research’s payout ratio is currently 27.95%.

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.