Q1 2025 Earnings Estimate for Lam Research Co. Issued By B. Riley (NASDAQ:LRCX)

Lam Research Co. (NASDAQ:LRCX) – Equities researchers at B. Riley dropped their Q1 2025 EPS estimates for shares of Lam Research in a note issued to investors on Thursday, August 1st. B. Riley analyst C. Ellis now forecasts that the semiconductor company will earn $8.00 per share for the quarter, down from their prior forecast of $8.03. B. Riley currently has a “Buy” rating and a $1,325.00 target price on the stock. The consensus estimate for Lam Research’s current full-year earnings is $35.09 per share. B. Riley also issued estimates for Lam Research’s Q2 2025 earnings at $8.59 EPS, Q3 2025 earnings at $8.63 EPS, Q4 2025 earnings at $9.74 EPS, FY2025 earnings at $35.10 EPS and FY2026 earnings at $45.39 EPS.

Lam Research (NASDAQ:LRCX) last released its quarterly earnings data on Wednesday, July 31st. The semiconductor company reported $8.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.58 by $0.56. The business had revenue of $3.87 billion for the quarter, compared to analysts’ expectations of $3.82 billion. Lam Research had a return on equity of 48.71% and a net margin of 25.68%. The firm’s quarterly revenue was up 20.7% on a year-over-year basis. During the same period in the prior year, the firm posted $5.98 EPS.

LRCX has been the topic of a number of other reports. Wells Fargo & Company dropped their price target on Lam Research from $1,100.00 to $1,000.00 and set an “equal weight” rating on the stock in a research note on Thursday, August 1st. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Lam Research from $1,100.00 to $950.00 and set a “buy” rating for the company in a research report on Thursday, August 1st. UBS Group raised their price objective on shares of Lam Research from $1,130.00 to $1,150.00 and gave the stock a “buy” rating in a report on Thursday, April 25th. Citigroup reduced their target price on shares of Lam Research from $1,025.00 to $990.00 and set a “buy” rating for the company in a report on Monday. Finally, Raymond James lifted their price target on shares of Lam Research from $950.00 to $1,060.00 and gave the stock an “outperform” rating in a research note on Friday, June 7th. Six research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $1,006.10.

Lam Research Price Performance

LRCX opened at $770.17 on Monday. The company’s 50-day simple moving average is $995.84 and its two-hundred day simple moving average is $947.27. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.84 and a current ratio of 2.97. The stock has a market capitalization of $100.69 billion, a P/E ratio of 29.05, a P/E/G ratio of 2.41 and a beta of 1.48. Lam Research has a 52-week low of $574.42 and a 52-week high of $1,130.00.

Shares of Lam Research are scheduled to split on Thursday, October 3rd. The 10-1 split was announced on Tuesday, May 21st. The newly created shares will be payable to shareholders after the market closes on Wednesday, October 2nd.

Lam Research Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 10th. Stockholders of record on Tuesday, June 18th were issued a $2.00 dividend. The ex-dividend date of this dividend was Tuesday, June 18th. This represents a $8.00 annualized dividend and a dividend yield of 1.04%. Lam Research’s dividend payout ratio (DPR) is presently 29.42%.

Lam Research declared that its Board of Directors has initiated a share buyback plan on Tuesday, May 21st that authorizes the company to repurchase $10.00 billion in outstanding shares. This repurchase authorization authorizes the semiconductor company to repurchase up to 8.1% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s management believes its stock is undervalued.

Insider Buying and Selling

In related news, SVP Neil J. Fernandes sold 1,620 shares of the firm’s stock in a transaction that occurred on Friday, July 12th. The stock was sold at an average price of $1,056.99, for a total transaction of $1,712,323.80. Following the completion of the sale, the senior vice president now directly owns 5,237 shares of the company’s stock, valued at approximately $5,535,456.63. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, SVP Neil J. Fernandes sold 1,620 shares of Lam Research stock in a transaction dated Friday, July 12th. The shares were sold at an average price of $1,056.99, for a total transaction of $1,712,323.80. Following the completion of the sale, the senior vice president now owns 5,237 shares in the company, valued at approximately $5,535,456.63. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Christina Correia sold 647 shares of the company’s stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $1,062.26, for a total transaction of $687,282.22. Following the completion of the transaction, the chief accounting officer now owns 4,914 shares in the company, valued at $5,219,945.64. The disclosure for this sale can be found here. In the last ninety days, insiders sold 16,326 shares of company stock valued at $17,383,715. Company insiders own 0.32% of the company’s stock.

Institutional Investors Weigh In On Lam Research

Several hedge funds have recently made changes to their positions in LRCX. CarsonAllaria Wealth Management Ltd. purchased a new stake in Lam Research in the second quarter worth about $32,000. RFP Financial Group LLC boosted its stake in shares of Lam Research by 52.2% during the second quarter. RFP Financial Group LLC now owns 35 shares of the semiconductor company’s stock valued at $37,000 after purchasing an additional 12 shares in the last quarter. DSM Capital Partners LLC purchased a new position in Lam Research during the fourth quarter valued at approximately $28,000. Hobbs Group Advisors LLC purchased a new position in Lam Research during the second quarter valued at approximately $40,000. Finally, Partnership Wealth Management LLC bought a new position in Lam Research in the fourth quarter worth approximately $33,000. 84.61% of the stock is currently owned by hedge funds and other institutional investors.

Lam Research Company Profile

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.