Lam Research Co. (NASDAQ:LRCX) – Investment analysts at KeyCorp upped their Q2 2019 earnings per share estimates for shares of Lam Research in a report released on Tuesday, October 16th. KeyCorp analyst W. Twigg now forecasts that the semiconductor company will post earnings of $3.68 per share for the quarter, up from their previous estimate of $3.60. KeyCorp currently has a “Overweight” rating and a $231.00 price target on the stock. KeyCorp also issued estimates for Lam Research’s Q1 2020 earnings at $3.71 EPS, Q2 2020 earnings at $4.32 EPS, Q3 2020 earnings at $4.64 EPS and Q4 2020 earnings at $4.90 EPS.

Lam Research (NASDAQ:LRCX) last issued its quarterly earnings data on Tuesday, October 16th. The semiconductor company reported $3.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.22 by $0.14. Lam Research had a return on equity of 49.80% and a net margin of 21.26%. The company had revenue of $2.33 billion during the quarter, compared to analysts’ expectations of $2.31 billion. During the same quarter in the previous year, the company posted $3.46 earnings per share. The business’s revenue was down 6.0% on a year-over-year basis.

A number of other equities research analysts have also recently issued reports on LRCX. Zacks Investment Research cut Lam Research from a “hold” rating to a “sell” rating in a report on Monday, June 25th. UBS Group upgraded Lam Research from a “neutral” rating to a “buy” rating and set a $220.00 price objective for the company in a report on Tuesday, June 26th. Susquehanna Bancshares reduced their price objective on Lam Research from $290.00 to $260.00 and set a “positive” rating for the company in a report on Monday, July 9th. Citigroup reduced their price objective on Lam Research from $245.00 to $239.00 and set a “buy” rating for the company in a report on Friday, July 13th. Finally, Evercore ISI reduced their price objective on Lam Research to $240.00 and set an “outperform” rating for the company in a report on Tuesday, July 17th. Three analysts have rated the stock with a sell rating, six have given a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $230.89.

Shares of NASDAQ:LRCX opened at $145.20 on Thursday. Lam Research has a 12-month low of $135.99 and a 12-month high of $234.88. The company has a market cap of $22.41 billion, a PE ratio of 8.13, a PEG ratio of 0.75 and a beta of 1.32. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.66 and a quick ratio of 2.31.

Hedge funds have recently modified their holdings of the stock. Empowered Funds LLC lifted its stake in Lam Research by 24.0% during the third quarter. Empowered Funds LLC now owns 18,710 shares of the semiconductor company’s stock worth $2,817,000 after purchasing an additional 3,617 shares during the last quarter. Empirical Finance LLC lifted its stake in Lam Research by 114.9% during the third quarter. Empirical Finance LLC now owns 16,650 shares of the semiconductor company’s stock worth $2,526,000 after purchasing an additional 8,902 shares during the last quarter. Aperio Group LLC lifted its stake in Lam Research by 4.1% during the third quarter. Aperio Group LLC now owns 100,127 shares of the semiconductor company’s stock worth $15,189,000 after purchasing an additional 3,912 shares during the last quarter. Foundry Partners LLC lifted its stake in Lam Research by 18.3% during the third quarter. Foundry Partners LLC now owns 96,292 shares of the semiconductor company’s stock worth $14,607,000 after purchasing an additional 14,872 shares during the last quarter. Finally, RWC Asset Management LLP lifted its stake in Lam Research by 77.9% during the third quarter. RWC Asset Management LLP now owns 83,609 shares of the semiconductor company’s stock worth $12,683,000 after purchasing an additional 36,612 shares during the last quarter. Institutional investors and hedge funds own 92.37% of the company’s stock.

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 26th. Investors of record on Wednesday, September 12th were paid a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 3.03%. The ex-dividend date of this dividend was Tuesday, September 11th. Lam Research’s dividend payout ratio (DPR) 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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Earnings History and Estimates for Lam Research (NASDAQ:LRCX)

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