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

Lam Research (NASDAQ:LRCX) will release its earnings data 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.Persons that wish to register for the company’s earnings conference call can do so using this link.

Lam Research (NASDAQ:LRCX) last posted its earnings results on Wednesday, July 31st. The semiconductor company reported $0.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.76 by $0.05. The firm had revenue of $3.87 billion during the quarter, compared to analyst estimates of $3.82 billion. Lam Research had a net margin of 25.68% and a return on equity of 48.71%. Lam Research’s revenue was up 20.7% on a year-over-year basis. During the same period in the previous year, the business posted $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 Trading Down 10.9 %

Lam Research stock opened at $76.36 on Wednesday. The company has a quick ratio of 2.00, a current ratio of 2.97 and a debt-to-equity ratio of 0.52. The firm has a 50-day moving average price of $95.12 and a two-hundred day moving average price of $95.99. The firm has a market capitalization of $9.98 billion, a price-to-earnings ratio of 2.81, a PEG ratio of 1.75 and a beta of 1.47. Lam Research has a 52-week low of $57.44 and a 52-week 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 paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date of this dividend was Tuesday, September 17th. Lam Research’s payout ratio is 3.38%.

Insider Buying and Selling at Lam Research

In other Lam Research news, CAO Christina Correia sold 647 shares of the firm’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 sale, the chief accounting officer now owns 4,267 shares of the company’s stock, valued at $3,488,315.17. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.32% of the company’s stock.

Analyst Upgrades and Downgrades

LRCX has been the subject of a number of research analyst reports. StockNews.com lowered shares of Lam Research from a “buy” rating to a “hold” rating in a research note on Friday, October 11th. B. Riley upped their price target on shares of Lam Research from $113.00 to $132.50 and gave the stock a “buy” rating in a research note on Thursday, June 20th. UBS Group reduced their price target on shares of Lam Research from $125.00 to $115.00 and set a “buy” rating for the company in a research note on Thursday, September 12th. Wells Fargo & Company reduced their price target on shares of Lam Research from $1,000.00 to $880.00 and set an “equal weight” rating for the company in a research note on Thursday, October 3rd. Finally, Mizuho reduced their price target on shares of Lam Research from $105.00 to $95.00 and set an “outperform” rating for the company in a research note on Friday, September 20th. Six equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price 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.