Brokerages expect Lam Research Co. (NASDAQ:LRCX) to announce $2.50 billion in sales for the current fiscal quarter, according to Zacks. Six analysts have issued estimates for Lam Research’s earnings, with the lowest sales estimate coming in at $2.50 billion and the highest estimate coming in at $2.51 billion. Lam Research reported sales of $2.58 billion in the same quarter last year, which indicates a negative year over year growth rate of 3.1%. The company is scheduled to announce its next quarterly earnings results on Wednesday, January 23rd.

According to Zacks, analysts expect that Lam Research will report full-year sales of $9.95 billion for the current fiscal year, with estimates ranging from $9.82 billion to $10.03 billion. For the next financial year, analysts anticipate that the company will post sales of $11.14 billion, with estimates ranging from $10.41 billion to $11.50 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow Lam Research.

Lam Research (NASDAQ:LRCX) last announced its earnings results on Tuesday, October 16th. The semiconductor company reported $3.36 EPS for the quarter, beating 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 business had revenue of $2.33 billion during the quarter, compared to analysts’ expectations of $2.31 billion. During the same quarter in the prior year, the firm earned $3.46 earnings per share. The business’s revenue was down 6.0% compared to the same quarter last year.

A number of equities analysts have commented on LRCX shares. BidaskClub cut Lam Research from a “sell” rating to a “strong sell” rating in a report on Friday, August 31st. Zacks Investment Research cut Lam Research from a “hold” rating to a “sell” rating in a report on Wednesday, October 10th. Deutsche Bank reissued a “hold” rating and set a $170.00 target price (down previously from $230.00) on shares of Lam Research in a report on Monday, October 1st. DA Davidson reduced their target price on Lam Research to $225.00 in a report on Monday, October 15th. Finally, Goldman Sachs Group cut Lam Research from a “buy” rating to a “neutral” rating and reduced their target price for the company from $224.00 to $180.00 in a report on Wednesday, September 12th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $224.22.

Shares of Lam Research stock traded down $3.02 during mid-day trading on Friday, reaching $144.98. 71,721 shares of the stock traded hands, compared to its average volume of 3,131,701. Lam Research has a fifty-two week low of $133.42 and a fifty-two week high of $234.88. The stock has a market capitalization of $22.97 billion, a P/E ratio of 8.13, a PEG ratio of 0.86 and a beta of 1.30. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.66 and a quick ratio of 2.00.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 26th. Investors of record on Wednesday, December 5th will be issued a $1.10 dividend. The ex-dividend date is Tuesday, December 4th. This represents a $4.40 annualized dividend and a dividend yield of 3.03%. Lam Research’s dividend payout ratio is presently 24.62%.

Several large investors have recently bought and sold shares of the stock. Franklin Resources Inc. increased its stake in Lam Research by 159.5% during the third quarter. Franklin Resources Inc. now owns 3,256,363 shares of the semiconductor company’s stock worth $493,990,000 after acquiring an additional 2,001,261 shares during the last quarter. FMR LLC increased its stake in Lam Research by 51.9% during the third quarter. FMR LLC now owns 3,538,138 shares of the semiconductor company’s stock worth $536,736,000 after acquiring an additional 1,208,149 shares during the last quarter. Renaissance Technologies LLC increased its stake in Lam Research by 413.7% during the third quarter. Renaissance Technologies LLC now owns 998,956 shares of the semiconductor company’s stock worth $151,542,000 after acquiring an additional 804,500 shares during the last quarter. Morgan Stanley increased its stake in Lam Research by 83.1% during the second quarter. Morgan Stanley now owns 1,530,120 shares of the semiconductor company’s stock worth $264,481,000 after acquiring an additional 694,440 shares during the last quarter. Finally, Bank of Montreal Can acquired a new stake in Lam Research during the second quarter worth $81,818,000. 90.36% of the stock is owned by hedge funds and other institutional investors.

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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