Erste Group Bank Lifts Earnings Estimates for Lam Research

Lam Research Corporation (NASDAQ:LRCX) – Erste Group Bank raised their FY2027 earnings estimates for shares of Lam Research in a research report issued to clients and investors on Wednesday, August 5th. Erste Group Bank analyst S. Lingnau now expects that the semiconductor company will post earnings of $9.27 per share for the year, up from their previous forecast of $8.05. The consensus estimate for Lam Research’s current full-year earnings is $9.24 per share.

Other research analysts have also recently issued reports about the company. Cantor Fitzgerald set a $500.00 price target on Lam Research and gave the stock an “overweight” rating in a research note on Monday, June 29th. Berenberg Bank raised their target price on shares of Lam Research from $265.00 to $335.00 and gave the company a “buy” rating in a report on Thursday, April 23rd. Evercore reissued an “outperform” rating and issued a $355.00 target price on shares of Lam Research in a report on Monday, July 20th. UBS Group reaffirmed a “buy” rating and issued a $375.00 price target (up from $310.00) on shares of Lam Research in a report on Tuesday, June 9th. Finally, Royal Bank Of Canada lifted their price target on shares of Lam Research from $290.00 to $310.00 and gave the stock an “outperform” rating in a research note on Thursday, April 23rd. One research analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $358.47.

Lam Research Price Performance

Shares of LRCX opened at $306.40 on Tuesday. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.63 and a quick ratio of 1.91. The stock has a market cap of $383.17 billion, a PE ratio of 53.19, a P/E/G ratio of 1.25 and a beta of 1.84. The firm has a 50-day simple moving average of $339.68 and a two-hundred day simple moving average of $280.63. Lam Research has a 1-year low of $94.11 and a 1-year high of $438.50.

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

Institutional Investors Weigh In On Lam Research

A number of large investors have recently modified their holdings of LRCX. World Equity Group Inc. boosted its stake in shares of Lam Research by 0.5% in the second quarter. World Equity Group Inc. now owns 5,576 shares of the semiconductor company’s stock valued at $2,416,000 after purchasing an additional 29 shares during the period. Tenzing Financial LLC increased its holdings in Lam Research by 3.5% in the second quarter. Tenzing Financial LLC now owns 1,018 shares of the semiconductor company’s stock valued at $441,000 after buying an additional 34 shares during the last quarter. Gibraltar Capital Management Inc. increased its holdings in shares of Lam Research by 3.6% in the 2nd quarter. Gibraltar Capital Management Inc. now owns 1,050 shares of the semiconductor company’s stock valued at $455,000 after acquiring an additional 36 shares during the last quarter. Elevated Financial Group LLC boosted its holdings in shares of Lam Research by 3.0% in the 2nd quarter. Elevated Financial Group LLC now owns 1,223 shares of the semiconductor company’s stock valued at $530,000 after buying an additional 36 shares during the period. Finally, Yoder Wealth Management Inc. lifted its holdings in Lam Research by 3.3% in the second quarter. Yoder Wealth Management Inc. now owns 1,129 shares of the semiconductor company’s stock worth $489,000 after acquiring an additional 36 shares during the last quarter. Institutional investors and hedge funds own 84.61% of the company’s stock.

Insiders Place Their Bets

In other news, SVP Neil J. Fernandes sold 7,659 shares of the stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $309.60, for a total transaction of $2,371,226.40. Following the transaction, the senior vice president directly owned 58,470 shares in the company, valued at $18,102,312. This represents a 11.58% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Abhijit Y. Talwalkar sold 18,282 shares of the stock in a transaction that occurred 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 sale, the director directly owned 87,142 shares of the company’s stock, valued at approximately $29,192,570. This trade represents a 17.34% decrease in their position. 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. In the last ninety days, insiders have sold 80,441 shares of company stock worth $27,614,296. Corporate insiders own 0.31% of the company’s stock.

Lam Research Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 8th. Shareholders of record on Wednesday, June 17th were given 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 dividend payout ratio is presently 18.06%.

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.