Zacks Research Forecasts Stronger Earnings for Lam Research

Lam Research Co. (NASDAQ:LRCX) – Investment analysts at Zacks Research lifted their FY2025 earnings estimates for Lam Research in a report released on Wednesday, May 14th. Zacks Research analyst R. Department now expects that the semiconductor company will post earnings per share of $3.93 for the year, up from their previous forecast of $3.68. The consensus estimate for Lam Research’s current full-year earnings is $3.71 per share. Zacks Research also issued estimates for Lam Research’s Q2 2026 earnings at $0.86 EPS, Q3 2026 earnings at $0.96 EPS, Q1 2027 earnings at $1.11 EPS and Q2 2027 earnings at $1.02 EPS.

A number of other equities research analysts have also commented on LRCX. Deutsche Bank Aktiengesellschaft set a $70.00 price objective on Lam Research and gave the stock a “hold” rating in a research report on Thursday, April 24th. Jefferies Financial Group increased their price target on shares of Lam Research from $95.00 to $100.00 and gave the stock a “buy” rating in a research report on Friday, March 28th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $90.00 price objective on shares of Lam Research in a research report on Thursday, April 24th. Stifel Nicolaus dropped their price objective on shares of Lam Research from $100.00 to $92.00 and set a “buy” rating on the stock in a research note on Tuesday, April 15th. Finally, Wells Fargo & Company cut their target price on shares of Lam Research from $85.00 to $75.00 and set an “equal weight” rating for the company in a research report on Thursday, April 24th. Seven research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $91.56.

Lam Research Stock Performance

Shares of LRCX stock opened at $84.43 on Friday. The company has a market capitalization of $108.00 billion, a price-to-earnings ratio of 25.65, a P/E/G ratio of 1.47 and a beta of 1.64. Lam Research has a 1-year low of $56.32 and a 1-year high of $113.00. The company has a current ratio of 2.54, a quick ratio of 1.73 and a debt-to-equity ratio of 0.51. The stock’s fifty day simple moving average is $72.35 and its 200-day simple moving average is $75.46.

Lam Research (NASDAQ:LRCX) last issued its quarterly earnings results on Wednesday, April 23rd. The semiconductor company reported $1.04 EPS for the quarter, beating the consensus estimate of $1.00 by $0.04. Lam Research had a net margin of 26.49% and a return on equity of 51.86%. The business had revenue of $4.72 billion during the quarter, compared to the consensus estimate of $4.64 billion. During the same quarter in the prior year, the firm earned $7.79 EPS. The firm’s quarterly revenue was up 24.4% on a year-over-year basis.

Institutional Investors Weigh In On Lam Research

Several hedge funds have recently made changes to their positions in LRCX. Financial Perspectives Inc grew its holdings in shares of Lam Research by 908.8% during the 4th quarter. Financial Perspectives Inc now owns 343 shares of the semiconductor company’s stock worth $25,000 after purchasing an additional 309 shares in the last quarter. Fairway Wealth LLC lifted its position in Lam Research by 900.0% in the fourth quarter. Fairway Wealth LLC now owns 340 shares of the semiconductor company’s stock worth $25,000 after purchasing an additional 306 shares during the period. Smallwood Wealth Investment Management LLC acquired a new stake in Lam Research during the first quarter worth $26,000. Atwood & Palmer Inc. bought a new stake in Lam Research in the 4th quarter valued at $27,000. Finally, Midwest Capital Advisors LLC acquired a new position in shares of Lam Research in the 4th quarter valued at $27,000. Institutional investors own 84.61% of the company’s stock.

Insider Buying and Selling

In other Lam Research news, SVP Seshasayee Varadarajan sold 110,080 shares of the firm’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $90.00, for a total value of $9,907,200.00. Following the sale, the senior vice president now directly owns 179,084 shares in the company, valued at $16,117,560. This trade represents a 38.07% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.29% of the stock is owned by insiders.

About Lam Research

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.