Wall Street analysts predict that Lam Research Co. (NASDAQ:LRCX) will post $2.30 billion in sales for the current fiscal quarter, according to Zacks. Six analysts have made estimates for Lam Research’s earnings. The highest sales estimate is $2.31 billion and the lowest is $2.30 billion. Lam Research posted sales of $2.48 billion in the same quarter last year, which would indicate a negative year over year growth rate of 7.3%. The firm is scheduled to announce its next earnings report after the market closes on Tuesday, October 16th.

According to Zacks, analysts expect that Lam Research will report full year sales of $10.46 billion for the current year, with estimates ranging from $9.81 billion to $11.38 billion. For the next year, analysts forecast that the company will post sales of $11.57 billion, with estimates ranging from $10.85 billion to $12.01 billion. Zacks’ sales averages are a mean average based on a survey of analysts that that provide coverage for Lam Research.

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

LRCX has been the topic of several research analyst reports. Zacks Investment Research cut shares of Lam Research from a “hold” rating to a “sell” rating in a research report on Tuesday, June 19th. BidaskClub cut shares of Lam Research from a “hold” rating to a “sell” rating in a research report on Wednesday, June 20th. UBS Group upgraded shares of Lam Research from a “neutral” rating to a “buy” rating and set a $220.00 price target on the stock in a research report on Tuesday, June 26th. Susquehanna Bancshares reduced their price target on shares of Lam Research from $290.00 to $260.00 and set a “positive” rating on the stock in a research report on Monday, July 9th. Finally, Citigroup reduced their price target on shares of Lam Research from $245.00 to $239.00 and set a “buy” rating on the stock in a research report on Friday, July 13th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $241.85.

Large investors have recently bought and sold shares of the stock. NuWave Investment Management LLC bought a new stake in Lam Research during the second quarter worth about $100,000. Clear Perspective Advisors LLC bought a new stake in Lam Research during the second quarter worth about $108,000. Signet Financial Management LLC boosted its stake in Lam Research by 21,700.0% during the second quarter. Signet Financial Management LLC now owns 654 shares of the semiconductor company’s stock worth $113,000 after acquiring an additional 651 shares in the last quarter. Ruggie Capital Group bought a new stake in Lam Research during the second quarter worth about $134,000. Finally, Financial Gravity Wealth Inc. bought a new stake in Lam Research during the first quarter worth about $165,000. 89.21% of the stock is currently owned by institutional investors and hedge funds.

Shares of NASDAQ LRCX traded up $5.99 during midday trading on Friday, hitting $143.61. 3,770,400 shares of the company traded hands, compared to its average volume of 3,356,249. Lam Research has a 12-month low of $135.99 and a 12-month 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 stock has a market capitalization of $23.10 billion, a P/E ratio of 7.94, a P/E/G ratio of 0.59 and a beta of 1.33.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 26th. Investors of record on Wednesday, September 12th were paid a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 3.06%. The ex-dividend date was Tuesday, September 11th. Lam Research’s payout ratio is currently 24.62%.

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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