B. Riley Analysts Lift Earnings Estimates for Lam Research

Lam Research Co. (NASDAQ:LRCX) – Research analysts at B. Riley increased their FY2025 earnings per share estimates for shares of Lam Research in a research note issued on Friday, February 14th. B. Riley analyst C. Ellis now expects that the semiconductor company will post earnings per share of $3.64 for the year, up from their prior estimate of $3.48. B. Riley currently has a “Buy” rating and a $105.00 price target on the stock. The consensus estimate for Lam Research’s current full-year earnings is $3.69 per share.

Lam Research (NASDAQ:LRCX) last issued its quarterly earnings data on Wednesday, January 29th. The semiconductor company reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.87 by $0.04. Lam Research had a return on equity of 51.86% and a net margin of 26.49%.

Several other brokerages also recently commented on LRCX. Barclays dropped 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. BNP Paribas raised Lam Research to a “hold” rating in a research report on Thursday, October 24th. Wells Fargo & Company lifted their price target on Lam Research from $82.00 to $85.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 30th. Cantor Fitzgerald raised Lam Research from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $95.00 to $100.00 in a research report on Thursday, January 30th. Finally, KeyCorp raised Lam Research from a “sector weight” rating to an “overweight” rating and set a $95.00 price target on the stock in a research report on Friday, January 17th. Seven investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat.com, Lam Research has an average rating of “Moderate Buy” and a consensus price target of $95.72.

Lam Research Stock Down 0.7 %

Shares of LRCX stock opened at $82.75 on Monday. The stock’s 50 day simple moving average is $77.48 and its 200 day simple moving average is $77.91. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.73 and a current ratio of 2.54. Lam Research has a twelve month low of $68.87 and a twelve month high of $113.00. The company has a market capitalization of $106.22 billion, a price-to-earnings ratio of 25.14, a PEG ratio of 1.37 and a beta of 1.46.

Lam Research Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Wednesday, March 5th will be paid a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 1.11%. The ex-dividend date of this dividend is Wednesday, March 5th. Lam Research’s dividend payout ratio is 27.95%.

Institutional Trading of Lam Research

Institutional investors have recently bought and sold shares of the stock. Migdal Insurance & Financial Holdings Ltd. boosted its stake in Lam Research by 2,400.0% in the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 200 shares of the semiconductor company’s stock valued at $163,000 after buying an additional 192 shares in the last quarter. Insight Wealth Partners LLC bought a new position in Lam Research in the 3rd quarter valued at $202,000. B&L Asset Management LLC bought a new position in Lam Research in the 3rd quarter valued at $204,000. CWC Advisors LLC. bought a new position in Lam Research in the 3rd quarter valued at $220,000. Finally, Dynamic Technology Lab Private Ltd bought a new position in Lam Research in the 3rd quarter valued at $220,000. Institutional investors and hedge funds own 84.61% of the company’s stock.

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.