Lam Research (LRCX) Expected to Announce Quarterly Earnings on Wednesday
Lam Research (NASDAQ:LRCX) is set to announce its quarterly earnings on April 23, with expectations of $1.00 EPS and $4.64 billion in revenue. The company recently paid a quarterly dividend of $0.23 and has a market cap of $81.85 billion. Analysts have mixed ratings, with a consensus of "Moderate Buy" and an average price target of $93.87. Insider selling was noted, with SVP Seshasayee Varadarajan selling 110,080 shares. Brighton Jones LLC increased its stake by over 1,000% in Q4.
Lam Research (NASDAQ:LRCX - Get Free Report) is projected to release its earnings data after the market closes on Wednesday, April 23rd. Analysts expect Lam Research to post earnings of $1.00 per share and revenue of $4.64 billion for the quarter. Lam Research has set its Q3 2025 guidance at 0.900-1.100 EPS.Persons that are interested in registering for the company's earnings conference call can do so using this link.
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Lam Research (NASDAQ:LRCX - Get Free Report) last issued its quarterly earnings results on Wednesday, January 29th. The semiconductor company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.87 by $0.04. Lam Research had a net margin of 26.49% and a return on equity of 51.86%. 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 Price Performance
NASDAQ:LRCX opened at $63.76 on Monday. The stock's 50-day simple moving average is $74.79 and its 200 day simple moving average is $75.90. Lam Research has a 52-week low of $56.32 and a 52-week high of $113.00. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.73 and a current ratio of 2.54. The company has a market cap of $81.85 billion, a P/E ratio of 19.37, a P/E/G ratio of 1.47 and a beta of 1.52.
Lam Research Announces Dividend
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The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 9th. Stockholders of record on Wednesday, March 5th were issued a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 1.44%. The ex-dividend date was Wednesday, March 5th. Lam Research's payout ratio is presently 27.96%.
Analyst Upgrades and Downgrades
A number of research analysts have recently commented on the stock. Wells Fargo & Company lifted their price objective on shares of Lam Research from $82.00 to $85.00 and gave the company an "equal weight" rating in a research report on Thursday, January 30th. Bank of America decreased their target price on Lam Research from $110.00 to $90.00 and set a "buy" rating on the stock in a research report on Wednesday, April 16th. Wolfe Research lowered Lam Research from an "outperform" rating to a "peer perform" rating in a report on Wednesday, January 15th. UBS Group dropped their price objective on Lam Research from $95.00 to $90.00 and set a "buy" rating for the company in a report on Monday, April 14th. Finally, The Goldman Sachs Group lowered their price objective on shares of Lam Research from $96.00 to $85.00 and set a "buy" rating for the company in a research report on Friday, January 10th. Six analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $93.87.
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Check Out Our Latest Stock Analysis on Lam Research
Insider Buying and Selling
In other news, SVP Seshasayee Varadarajan sold 110,080 shares of the stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $90.00, for a total transaction of $9,907,200.00. Following the transaction, the senior vice president now owns 179,084 shares of the company's stock, valued at $16,117,560. This represents a 38.07 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.29% of the stock is owned by insiders.
Institutional Inflows and Outflows
A hedge fund recently raised its stake in Lam Research stock. Brighton Jones LLC grew its stake in shares of Lam Research Co. (NASDAQ:LRCX - Free Report) by 1,032.4% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 14,189 shares of the semiconductor company's stock after purchasing an additional 12,936 shares during the period. Brighton Jones LLC's holdings in Lam Research were worth $1,025,000 as of its most recent filing with the SEC. 84.61% of the stock is owned by institutional investors.
About Lam Research
(Get Free Report)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.
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