Equities research analysts expect Lam Research Co. (NASDAQ:LRCX – Get Rating) to announce earnings of $7.28 per share for the current quarter, Zacks Investment Research reports. Eight analysts have provided estimates for Lam Research’s earnings. The lowest EPS estimate is $7.25 and the highest is $7.41. Lam Research reported earnings per share of $8.09 during the same quarter last year, which indicates a negative year-over-year growth rate of 10%. The firm is scheduled to issue its next quarterly earnings results on Monday, January 1st.
According to Zacks, analysts expect that Lam Research will report full year earnings of $31.61 per share for the current year, with EPS estimates ranging from $31.54 to $31.92. For the next financial year, analysts anticipate that the business will report earnings of $38.44 per share, with EPS estimates ranging from $35.91 to $41.30. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research analysts that cover Lam Research.
Lam Research (NASDAQ:LRCX – Get Rating) last posted its earnings results on Wednesday, April 20th. The semiconductor company reported $7.40 earnings per share for the quarter, missing the consensus estimate of $7.48 by ($0.08). The firm had revenue of $4.06 billion during the quarter, compared to analyst estimates of $4.24 billion. Lam Research had a return on equity of 75.51% and a net margin of 27.13%. The company’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter last year, the business posted $7.49 earnings per share.
In other Lam Research news, SVP Scott Gerald Meikle sold 700 shares of Lam Research stock in a transaction dated Friday, April 1st. The shares were sold at an average price of $541.22, for a total value of $378,854.00. Following the completion of the sale, the senior vice president now owns 20,425 shares in the company, valued at approximately $11,054,418.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Richard A. Gottscho sold 537 shares of Lam Research stock in a transaction dated Thursday, March 3rd. The stock was sold at an average price of $560.50, for a total transaction of $300,988.50. The disclosure for this sale can be found here. Insiders own 0.34% of the company’s stock.
A number of institutional investors have recently modified their holdings of LRCX. Norges Bank acquired a new position in shares of Lam Research in the 4th quarter valued at approximately $1,005,096,000. Vulcan Value Partners LLC bought a new stake in shares of Lam Research during the 3rd quarter valued at approximately $510,318,000. Coatue Management LLC grew its holdings in shares of Lam Research by 110.9% during the 4th quarter. Coatue Management LLC now owns 860,025 shares of the semiconductor company’s stock valued at $618,487,000 after purchasing an additional 452,154 shares during the last quarter. 1832 Asset Management L.P. grew its holdings in shares of Lam Research by 229.7% during the 4th quarter. 1832 Asset Management L.P. now owns 414,564 shares of the semiconductor company’s stock valued at $300,852,000 after purchasing an additional 288,808 shares during the last quarter. Finally, Morgan Stanley grew its holdings in Lam Research by 40.5% during the 2nd quarter. Morgan Stanley now owns 951,434 shares of the semiconductor company’s stock worth $619,097,000 after acquiring an additional 274,306 shares during the last quarter. Institutional investors and hedge funds own 82.34% of the company’s stock.
LRCX traded up $31.49 during mid-day trading on Friday, hitting $491.92. The stock had a trading volume of 1,908,547 shares, compared to its average volume of 1,410,791. The stock’s fifty day simple moving average is $496.72 and its 200-day simple moving average is $585.04. The company has a debt-to-equity ratio of 0.83, a current ratio of 2.83 and a quick ratio of 2.00. The firm has a market capitalization of $68.23 billion, a price-to-earnings ratio of 15.38, a price-to-earnings-growth ratio of 0.91 and a beta of 1.27. Lam Research has a 1-year low of $442.53 and a 1-year high of $731.85.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 6th. Investors of record on Wednesday, June 15th will be issued a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a dividend yield of 1.22%. The ex-dividend date is Tuesday, June 14th. Lam Research’s payout ratio is 18.76%.
Lam Research Company Profile (Get Rating)
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.
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