B. Riley Research Analysts Raise Earnings Estimates for Lam Research Co. (NASDAQ:LRCX)

Lam Research Co. (NASDAQ:LRCX) – Equities researchers at B. Riley upped their Q1 2026 EPS estimates for Lam Research in a research note issued on Wednesday, April 24th. B. Riley analyst C. Ellis now forecasts that the semiconductor company will earn $10.52 per share for the quarter, up from their previous estimate of $10.48. B. Riley currently has a “Buy” rating and a $1,100.00 target price on the stock. The consensus estimate for Lam Research’s current full-year earnings is $29.54 per share.

Lam Research (NASDAQ:LRCX) last announced its earnings results on Wednesday, April 24th. The semiconductor company reported $7.79 EPS for the quarter, beating analysts’ consensus estimates of $7.26 by $0.53. Lam Research had a net margin of 25.35% and a return on equity of 45.96%. The business had revenue of $3.79 billion during the quarter, compared to analysts’ expectations of $3.72 billion. During the same period in the prior year, the company earned $6.99 earnings per share. The firm’s revenue was down 2.0% on a year-over-year basis.

A number of other brokerages also recently issued reports on LRCX. TD Cowen lifted their price target on shares of Lam Research from $975.00 to $1,000.00 and gave the company a “buy” rating in a report on Thursday. Stifel Nicolaus lifted their price target on shares of Lam Research from $950.00 to $1,050.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. The Goldman Sachs Group lifted their price target on shares of Lam Research from $700.00 to $912.00 and gave the company a “buy” rating in a report on Thursday, January 25th. Cantor Fitzgerald reiterated a “neutral” rating and issued a $1,100.00 price target on shares of Lam Research in a report on Thursday. Finally, Raymond James lifted their price objective on shares of Lam Research from $850.00 to $950.00 and gave the stock an “outperform” rating in a research note on Thursday, January 25th. Six equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $950.85.

Lam Research Stock Up 2.7 %

Shares of LRCX stock opened at $925.37 on Monday. The company has a market capitalization of $121.32 billion, a price-to-earnings ratio of 34.03, a PEG ratio of 3.29 and a beta of 1.51. Lam Research has a one year low of $493.42 and a one year high of $1,007.39. The company’s fifty day moving average price is $943.67 and its 200-day moving average price is $811.51. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.82 and a quick ratio of 2.02.

Lam Research Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 3rd. Stockholders of record on Wednesday, March 13th were paid a $2.00 dividend. This represents a $8.00 annualized dividend and a dividend yield of 0.86%. The ex-dividend date of this dividend was Tuesday, March 12th. Lam Research’s payout ratio is 29.42%.

Insider Activity

In other news, SVP Seshasayee Varadarajan sold 5,500 shares of the firm’s stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $922.41, for a total value of $5,073,255.00. Following the completion of the transaction, the senior vice president now owns 22,095 shares of the company’s stock, valued at $20,380,648.95. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, SVP Seshasayee Varadarajan sold 5,500 shares of the firm’s stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $922.41, for a total value of $5,073,255.00. Following the sale, the senior vice president now owns 22,095 shares of the company’s stock, valued at $20,380,648.95. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Abhijit Y. Talwalkar sold 882 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $972.03, for a total transaction of $857,330.46. Following the completion of the sale, the director now directly owns 10,541 shares in the company, valued at approximately $10,246,168.23. The disclosure for this sale can be found here. Over the last quarter, insiders sold 7,029 shares of company stock valued at $6,559,489. 0.32% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Lam Research

A number of institutional investors have recently modified their holdings of the business. Orion Capital Management LLC purchased a new position in Lam Research in the 3rd quarter valued at $25,000. BluePath Capital Management LLC purchased a new position in Lam Research in the 3rd quarter valued at $28,000. DSM Capital Partners LLC purchased a new position in Lam Research in the 4th quarter valued at $28,000. OFI Invest Asset Management purchased a new position in Lam Research in the 3rd quarter valued at $30,000. Finally, Asset Dedication LLC grew its position in Lam Research by 56.7% in the 3rd quarter. Asset Dedication LLC now owns 47 shares of the semiconductor company’s stock valued at $30,000 after buying an additional 17 shares during the last quarter. 84.61% of the stock is owned by institutional investors and hedge funds.

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.