Lam Research (NASDAQ:LRCX) Updates Q4 Earnings Guidance

Lam Research (NASDAQ:LRCX) issued an update on its fourth quarter earnings guidance on Wednesday morning. The company provided EPS guidance of $6.75-$8.25 for the period, compared to the consensus EPS estimate of $7.30. The company issued revenue guidance of $3.5-$4.1 billion, compared to the consensus revenue estimate of $3.77 billion. Lam Research also updated its Q4 2024 guidance to 6.750-8.250 EPS.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Stifel Nicolaus lifted their price target on Lam Research from $950.00 to $1,050.00 and gave the stock a buy rating in a report on Tuesday, April 16th. Mizuho boosted their target price on Lam Research from $935.00 to $960.00 and gave the stock a buy rating in a research note on Thursday. Raymond James upped their price target on Lam Research from $850.00 to $950.00 and gave the company an outperform rating in a report on Thursday, January 25th. The Goldman Sachs Group raised their price objective on shares of Lam Research from $700.00 to $912.00 and gave the stock a buy rating in a report on Thursday, January 25th. Finally, Cantor Fitzgerald restated a neutral rating and issued a $1,100.00 target price on shares of Lam Research in a report on Thursday. Seven equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, Lam Research has a consensus rating of Moderate Buy and a consensus price target of $948.35.

Lam Research Stock Performance

Lam Research stock traded up $24.41 during mid-day trading on Thursday, reaching $909.30. 673,225 shares of the company were exchanged, compared to its average volume of 1,063,468. The firm’s 50-day simple moving average is $943.93 and its two-hundred day simple moving average is $806.38. Lam Research has a twelve month low of $493.42 and a twelve month high of $1,007.39. The firm has a market cap of $119.21 billion, a PE ratio of 35.20, a price-to-earnings-growth ratio of 3.21 and a beta of 1.51. The company has a debt-to-equity ratio of 0.61, a quick ratio of 2.02 and a current ratio of 3.06.

Lam Research (NASDAQ:LRCX) last issued its quarterly earnings results on Wednesday, April 24th. The semiconductor company reported $7.79 earnings per share for the quarter, topping the consensus estimate of $7.26 by $0.53. The firm had revenue of $3.79 billion during the quarter, compared to the consensus estimate of $3.72 billion. Lam Research had a return on equity of 44.47% and a net margin of 24.15%. The company’s revenue for the quarter was down 2.0% on a year-over-year basis. During the same period last year, the company earned $6.99 earnings per share. Equities analysts predict that Lam Research will post 28.96 earnings per share for the current fiscal year.

Lam Research Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 3rd. Investors of record on Wednesday, March 13th were given a $2.00 dividend. The ex-dividend date of this dividend was Tuesday, March 12th. This represents a $8.00 dividend on an annualized basis and a yield of 0.88%. Lam Research’s payout ratio is currently 30.94%.

Insider Activity at Lam Research

In other Lam Research news, SVP Seshasayee Varadarajan sold 5,500 shares of the stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $922.41, for a total value of $5,073,255.00. Following the completion of the transaction, the senior vice president now directly owns 22,095 shares of the company’s stock, valued at $20,380,648.95. The sale was disclosed in a filing with the SEC, which is available at this link. In related news, Director Abhijit Y. Talwalkar sold 882 shares of the company’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $972.03, for a total value of $857,330.46. Following the sale, the director now owns 10,541 shares of the company’s stock, valued at approximately $10,246,168.23. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, SVP Seshasayee Varadarajan sold 5,500 shares of the business’s stock in a transaction on Monday, March 18th. The stock was sold at an average price of $922.41, for a total value of $5,073,255.00. Following the completion of the transaction, the senior vice president now directly owns 22,095 shares of the company’s stock, valued at $20,380,648.95. The disclosure for this sale can be found here. Insiders have sold a total of 7,029 shares of company stock worth $6,559,489 over the last three months. 0.32% of the stock is currently owned by corporate insiders.

About Lam Research

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.