Erste Group Bank Weighs in on Lam Research FY2028 Earnings

Lam Research Corporation (NASDAQ:LRCX) – Analysts at Erste Group Bank issued their FY2028 earnings per share estimates for Lam Research in a research report issued on Wednesday, August 5th. Erste Group Bank analyst S. Lingnau forecasts that the semiconductor company will post earnings per share of $11.43 for the year. The consensus estimate for Lam Research’s current full-year earnings is $9.24 per share.

LRCX has been the topic of a number of other reports. Rothschild & Co Redburn lifted their target price on Lam Research from $305.00 to $420.00 and gave the stock a “buy” rating in a research note on Wednesday, June 17th. Wells Fargo & Company reissued an “overweight” rating and set a $350.00 price objective (down from $450.00) on shares of Lam Research in a report on Thursday, July 30th. Wall Street Zen lowered shares of Lam Research from a “buy” rating to a “hold” rating in a research report on Sunday, May 10th. Stifel Nicolaus raised their target price on shares of Lam Research from $325.00 to $425.00 and gave the company a “buy” rating in a research note on Friday, July 10th. Finally, Cantor Fitzgerald set a $500.00 price objective on Lam Research and gave the stock an “overweight” rating in a report on Monday, June 29th. One analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Lam Research currently has an average rating of “Moderate Buy” and a consensus price target of $358.47.

Lam Research Trading Down 1.6%

NASDAQ:LRCX opened at $306.40 on Monday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.91 and a current ratio of 2.63. The firm has a market cap of $383.17 billion, a price-to-earnings ratio of 53.19, a price-to-earnings-growth ratio of 1.25 and a beta of 1.84. The firm has a 50-day moving average price of $339.68 and a two-hundred day moving average price of $280.63. Lam Research has a 52 week low of $94.11 and a 52 week high of $438.50.

Lam Research (NASDAQ:LRCX) last announced its earnings results on Wednesday, July 29th. The semiconductor company reported $1.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.69 by $0.13. Lam Research had a return on equity of 67.60% and a net margin of 31.27%.The company had revenue of $6.72 billion for the quarter, compared to analysts’ expectations of $6.66 billion. During the same quarter in the previous year, the firm earned $1.33 earnings per share. Lam Research’s quarterly revenue was up 30.0% on a year-over-year basis. Lam Research has set its Q1 2027 guidance at 2.000-2.300 EPS.

Lam Research Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 8th. Investors of record on Wednesday, June 17th were issued a $0.26 dividend. The ex-dividend date was Wednesday, June 17th. This represents a $1.04 annualized dividend and a yield of 0.3%. Lam Research’s payout ratio is 18.06%.

Insider Activity at Lam Research

In other Lam Research news, Director Abhijit Y. Talwalkar sold 18,282 shares of the firm’s stock in a transaction on Monday, July 13th. The stock was sold at an average price of $335.00, for a total transaction of $6,124,470.00. Following the completion of the transaction, the director owned 87,142 shares of the company’s stock, valued at approximately $29,192,570. This trade represents a 17.34% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Eric Brandt sold 54,500 shares of the stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $350.80, for a total transaction of $19,118,600.00. Following the completion of the transaction, the director owned 199,205 shares of the company’s stock, valued at approximately $69,881,114. The trade was a 21.48% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 80,441 shares of company stock worth $27,614,296 over the last 90 days. 0.31% of the stock is owned by company insiders.

Institutional Investors Weigh In On Lam Research

Hedge funds and other institutional investors have recently bought and sold shares of the business. Paladin Partners LLC purchased a new stake in shares of Lam Research in the 2nd quarter worth approximately $26,000. Bravera Wealth purchased a new position in Lam Research during the second quarter valued at $46,000. Cedar Mountain Advisors LLC boosted its holdings in Lam Research by 242.9% in the first quarter. Cedar Mountain Advisors LLC now owns 120 shares of the semiconductor company’s stock worth $26,000 after acquiring an additional 85 shares in the last quarter. Comprehensive Financial Planning Inc. PA bought a new stake in Lam Research in the second quarter worth $52,000. Finally, Vermillion Wealth Management Inc. purchased a new stake in shares of Lam Research in the first quarter worth $26,000. Hedge funds and other institutional investors own 84.61% of the company’s stock.

Lam Research Company Profile

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.