$4.19 EPS Expected for Lam Research Co. (NASDAQ:LRCX) This Quarter

Analysts forecast that Lam Research Co. (NASDAQ:LRCX) will announce earnings per share (EPS) of $4.19 for the current quarter, according to Zacks Investment Research. Five analysts have made estimates for Lam Research’s earnings, with estimates ranging from $3.80 to $4.89. Lam Research posted earnings of $3.62 per share during the same quarter last year, which suggests a positive year over year growth rate of 15.7%. The firm is scheduled to issue its next quarterly earnings results on Wednesday, July 29th.

According to Zacks, analysts expect that Lam Research will report full year earnings of $15.39 per share for the current financial year, with EPS estimates ranging from $14.97 to $16.05. For the next financial year, analysts forecast that the firm will post earnings of $17.14 per share, with EPS estimates ranging from $14.50 to $19.45. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that cover Lam Research.

Lam Research (NASDAQ:LRCX) last posted its quarterly earnings results on Wednesday, April 22nd. The semiconductor company reported $3.98 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $3.98. Lam Research had a net margin of 21.81% and a return on equity of 47.79%. The firm had revenue of $2.51 billion for the quarter, compared to the consensus estimate of $2.51 billion. During the same quarter in the previous year, the company earned $3.70 earnings per share. The business’s revenue was up 2.7% compared to the same quarter last year.

A number of research firms have weighed in on LRCX. ValuEngine upgraded shares of Lam Research from a “sell” rating to a “hold” rating in a research note on Tuesday, March 24th. Nomura lifted their price target on shares of Lam Research from $265.00 to $320.00 and gave the stock a “buy” rating in a research note on Thursday, April 23rd. KeyCorp decreased their price target on shares of Lam Research from $385.00 to $348.00 and set an “overweight” rating on the stock in a research note on Thursday, April 23rd. Bank of America restated a “buy” rating and issued a $325.00 target price on shares of Lam Research in a research note on Monday, April 20th. Finally, BidaskClub downgraded shares of Lam Research from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, May 5th. Eight analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. Lam Research presently has a consensus rating of “Buy” and a consensus price target of $304.68.

LRCX traded up $0.44 during trading on Monday, reaching $261.14. 1,734,831 shares of the company’s stock were exchanged, compared to its average volume of 2,525,822. Lam Research has a fifty-two week low of $171.04 and a fifty-two week high of $344.32. The company has a quick ratio of 3.67, a current ratio of 4.47 and a debt-to-equity ratio of 1.11. The business has a 50 day moving average price of $255.69 and a 200 day moving average price of $277.63. The company has a market capitalization of $37.84 billion, a P/E ratio of 18.77, a PEG ratio of 1.32 and a beta of 1.34.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 8th. Investors of record on Wednesday, June 17th will be issued a $1.15 dividend. The ex-dividend date is Tuesday, June 16th. This represents a $4.60 dividend on an annualized basis and a dividend yield of 1.76%. Lam Research’s dividend payout ratio is 31.62%.

In related news, CEO Timothy Archer sold 28,910 shares of Lam Research stock in a transaction dated Monday, April 27th. The stock was sold at an average price of $270.00, for a total value of $7,805,700.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.43% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the stock. Princeton Global Asset Management LLC bought a new stake in Lam Research during the 4th quarter worth about $25,000. Atticus Wealth Management LLC bought a new stake in Lam Research during the 1st quarter worth about $26,000. Ameritas Investment Company LLC raised its holdings in Lam Research by 900.0% during the 1st quarter. Ameritas Investment Company LLC now owns 110 shares of the semiconductor company’s stock worth $26,000 after purchasing an additional 99 shares during the last quarter. Ancora Advisors LLC bought a new stake in Lam Research during the 4th quarter worth about $27,000. Finally, FSA Wealth Management LLC bought a new stake in Lam Research during the 4th quarter worth about $28,000. 86.69% 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 worldwide. The company offers ALTUS systems to deposit conformal films for tungsten metallization applications; SABRE electrochemical deposition product for copper damascene manufacturing; SOLA ultraviolet thermal processing products for film treatment; SPEED gapfill high-density plasma chemical vapor deposition (CVD) products; Striker single-wafer atomic layer deposition (ALD) products; and VECTOR plasma-enhanced CVD ALD products.

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Earnings History and Estimates for Lam Research (NASDAQ:LRCX)

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