Lam Research (LRCX) Set to Announce Quarterly Earnings on Wednesday

Lam Research (NASDAQ:LRCX) is scheduled to be announcing its earnings results after the market closes on Wednesday, October 23rd. Analysts expect the company to announce 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 issued its quarterly 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. Lam Research had a net margin of 25.68% and a return on equity of 48.71%. The company had revenue of $3.87 billion during the quarter, compared to analysts’ expectations of $3.82 billion. During the same period last year, the company posted $0.60 EPS. Lam Research’s revenue was up 20.7% on a year-over-year basis. 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 0.4 %

NASDAQ:LRCX opened at $72.84 on Monday. Lam Research has a one year low of $57.44 and a one year high of $113.00. The company’s 50-day simple moving average is $80.15 and its 200 day simple moving average is $90.44. The firm has a market capitalization of $9.52 billion, a P/E ratio of 2.68, a PEG ratio of 1.75 and a beta of 1.47. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.97 and a quick ratio of 2.00.

Lam Research Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 17th were given a $0.23 dividend. The ex-dividend date was Tuesday, September 17th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.26%. Lam Research’s dividend payout ratio is currently 3.38%.

Insider Transactions at Lam Research

In related news, CAO Christina Correia sold 647 shares of the company’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $817.51, for a total transaction of $528,928.97. Following the completion of the sale, the chief accounting officer now owns 4,267 shares in the company, valued at approximately $3,488,315.17. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.32% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on LRCX shares. Morgan Stanley lowered their price objective on Lam Research from $92.90 to $77.40 and set an “equal weight” rating for the company in a research note on Tuesday, September 17th. StockNews.com lowered Lam Research from a “buy” rating to a “hold” rating in a research report on Friday, October 11th. Citigroup cut their price objective on shares of Lam Research from $99.00 to $89.30 and set a “buy” rating on the stock in a research report on Monday, September 16th. Cantor Fitzgerald decreased their target price on shares of Lam Research from $120.00 to $100.00 and set a “neutral” rating for the company in a report on Monday, September 30th. Finally, Wells Fargo & Company cut their price target on shares of Lam Research from $1,000.00 to $880.00 and set an “equal weight” rating on the stock in a report on Thursday, October 3rd. Six investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Lam Research presently has an average rating of “Moderate Buy” and a consensus target price of $141.28.

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.