Brokerages expect Lam Research Co. (NASDAQ:LRCX) to report earnings per share (EPS) of $3.20 for the current quarter, according to Zacks Investment Research. Six analysts have provided estimates for Lam Research’s earnings. The lowest EPS estimate is $3.15 and the highest is $3.24. Lam Research reported earnings of $3.46 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 7.5%. The firm is expected to announce its next earnings results on Tuesday, October 16th.

On average, analysts expect that Lam Research will report full year earnings of $15.51 per share for the current financial year, with EPS estimates ranging from $13.93 to $18.25. For the next fiscal year, analysts forecast that the firm will report earnings of $18.79 per share, with EPS estimates ranging from $17.85 to $19.47. Zacks’ earnings per share calculations are an average based on a survey of analysts that follow Lam Research.

Lam Research (NASDAQ:LRCX) last posted its earnings results on Thursday, July 26th. The semiconductor company reported $5.31 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $4.94 by $0.37. The company had revenue of $3.13 billion during the quarter, compared to analysts’ expectations of $3.08 billion. Lam Research had a net margin of 21.49% and a return on equity of 47.14%. Lam Research’s quarterly revenue was up 33.3% on a year-over-year basis. During the same period last year, the company posted $3.11 earnings per share.

LRCX has been the subject of several research analyst reports. DA Davidson reaffirmed a “buy” rating on shares of Lam Research in a research note on Monday, July 23rd. UBS Group raised shares of Lam Research from a “neutral” rating to a “buy” rating and set a $220.00 target price for the company in a research note on Tuesday, June 26th. Citigroup cut their target price on shares of Lam Research from $245.00 to $239.00 and set a “buy” rating for the company in a research note on Friday, July 13th. Bank of America cut their target price on shares of Lam Research from $305.00 to $285.00 and set a “buy” rating for the company in a research note on Monday, June 11th. Finally, Stifel Nicolaus cut their target price on shares of Lam Research from $295.00 to $279.00 and set a “buy” rating for the company in a research note on Friday, July 27th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the stock. Lam Research presently has a consensus rating of “Buy” and an average price target of $247.01.

LRCX opened at $153.65 on Friday. The firm has a market cap of $24.18 billion, a P/E ratio of 8.60, a P/E/G ratio of 0.59 and a beta of 1.34. Lam Research has a fifty-two week low of $149.02 and a fifty-two week high of $234.88. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.90 and a quick ratio of 2.31.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 26th. Shareholders of record on Wednesday, September 12th will be given a dividend of $1.10 per share. The ex-dividend date of this dividend is Tuesday, September 11th. This represents a $4.40 annualized dividend and a yield of 2.86%. Lam Research’s dividend payout ratio (DPR) is currently 24.62%.

Hedge funds have recently added to or reduced their stakes in the business. NuWave Investment Management LLC bought a new position in Lam Research during the second quarter valued at $100,000. Clear Perspective Advisors LLC bought a new stake in shares of Lam Research in the 2nd quarter worth about $108,000. Signet Financial Management LLC lifted its holdings in shares of Lam Research by 21,700.0% in the 2nd quarter. Signet Financial Management LLC now owns 654 shares of the semiconductor company’s stock worth $113,000 after acquiring an additional 651 shares during the last quarter. Ruggie Capital Group bought a new stake in shares of Lam Research in the 2nd quarter worth about $134,000. Finally, Financial Gravity Wealth Inc. bought a new stake in shares of Lam Research in the 1st quarter worth about $165,000. Institutional investors and hedge funds own 89.15% of the company’s stock.

About Lam Research

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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