Erste Group Bank Raises Earnings Estimates for Lam Research

Lam Research Corporation (NASDAQ:LRCX) – Equities research analysts at Erste Group Bank raised their FY2026 earnings per share estimates for Lam Research in a report released on Thursday, June 25th. Erste Group Bank analyst S. Lingnau now anticipates that the semiconductor company will earn $5.68 per share for the year, up from their prior estimate of $5.66. Erste Group Bank has a “Hold” rating on the stock. The consensus estimate for Lam Research’s current full-year earnings is $5.68 per share. Erste Group Bank also issued estimates for Lam Research’s FY2027 earnings at $7.99 EPS.

Several other equities research analysts have also issued reports on LRCX. Citigroup reaffirmed a “buy” rating and issued a $450.00 price objective (up from $315.00) on shares of Lam Research in a research note on Wednesday, June 17th. Royal Bank Of Canada raised their target price on Lam Research from $290.00 to $310.00 and gave the company an “outperform” rating in a report on Thursday, April 23rd. Sanford C. Bernstein raised their target price on Lam Research from $325.00 to $340.00 and gave the company an “outperform” rating in a report on Thursday, May 21st. BNP Paribas Exane upped their price target on Lam Research from $250.00 to $260.00 and gave the stock a “neutral” rating in a research note on Thursday, April 23rd. Finally, Barclays reiterated an “overweight” rating and set a $335.00 price target (up from $275.00) on shares of Lam Research in a research note on Thursday, June 11th. Twenty-eight research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, Lam Research has an average rating of “Moderate Buy” and an average price target of $342.49.

Lam Research Stock Performance

Shares of LRCX opened at $410.91 on Tuesday. The firm has a market cap of $513.87 billion, a price-to-earnings ratio of 77.53, a price-to-earnings-growth ratio of 3.14 and a beta of 1.85. The company’s fifty day moving average is $316.90 and its 200-day moving average is $251.92. The company has a quick ratio of 1.77, a current ratio of 2.54 and a debt-to-equity ratio of 0.35. Lam Research has a 12 month low of $90.93 and a 12 month high of $414.98.

Lam Research (NASDAQ:LRCX) last posted its earnings results on Wednesday, April 22nd. The semiconductor company reported $1.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.36 by $0.11. The firm had revenue of $5.84 billion during the quarter, compared to analysts’ expectations of $5.70 billion. Lam Research had a net margin of 30.94% and a return on equity of 66.21%. The company’s revenue was up 23.8% compared to the same quarter last year. During the same period in the previous year, the company earned $1.04 earnings per share. Lam Research has set its Q4 2026 guidance at 1.500-1.800 EPS.

Lam Research Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 8th. Shareholders of record on Wednesday, June 17th will be issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date is Wednesday, June 17th. Lam Research’s dividend payout ratio is 19.62%.

Insider Activity

In other news, insider Ava Harter sold 6,010 shares of Lam Research stock in a transaction dated Monday, April 27th. The stock was sold at an average price of $258.66, for a total value of $1,554,546.60. Following the transaction, the insider directly owned 53,205 shares in the company, valued at approximately $13,762,005.30. The trade was a 10.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Eric Brandt sold 54,500 shares of Lam Research stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $350.80, for a total value of $19,118,600.00. Following the completion of the transaction, the director owned 199,205 shares in the company, valued at $69,881,114. The trade was a 21.48% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 86,339 shares of company stock valued at $27,680,267. 0.31% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of LRCX. PMV Capital Advisers LLC acquired a new position in Lam Research during the 4th quarter valued at $25,000. Stance Capital LLC acquired a new stake in Lam Research in the 3rd quarter worth $26,000. Bayban acquired a new stake in Lam Research in the 4th quarter worth $26,000. Vermillion Wealth Management Inc. bought a new position in shares of Lam Research during the 1st quarter worth about $26,000. Finally, Cedar Mountain Advisors LLC increased its holdings in shares of Lam Research by 242.9% during the 1st quarter. Cedar Mountain Advisors LLC now owns 120 shares of the semiconductor company’s stock worth $26,000 after purchasing an additional 85 shares during the period. 84.61% of the stock is currently owned by institutional investors and hedge funds.

About Lam Research

Lam Research Corporation (NASDAQ: LRCX) is a global supplier of wafer fabrication equipment and services to the semiconductor industry. Founded in 1980 by David K. Lam and headquartered in Fremont, California, the company develops and manufactures systems used in multiple stages of semiconductor device production, including thin film deposition, plasma etch, wafer cleaning and related process modules and automation.

Lam’s product portfolio covers core process technologies employed by logic and memory manufacturers, with equipment designed to support advanced-node patterning, 3D NAND and other emerging device architectures.