Lam Research (NASDAQ:LRCX) Releases Quarterly Earnings Results, Beats Expectations By $0.05 EPS

Lam Research (NASDAQ:LRCX) announced its quarterly earnings results on Wednesday. The semiconductor company reported $0.86 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.05, Briefing.com reports. Lam Research had a net margin of 25.68% and a return on equity of 48.71%. The company had revenue of $4.17 billion for the quarter, compared to analysts’ expectations of $4.06 billion. During the same period in the prior year, the company posted $6.85 EPS. Lam Research’s revenue was up 19.7% compared to the same quarter last year. Lam Research updated its Q2 guidance to $0.77-0.97 EPS and its Q2 2025 guidance to 0.770-0.970 EPS.

Lam Research Price Performance

Shares of Lam Research stock traded up $2.31 on Thursday, hitting $75.17. 5,670,582 shares of the company traded hands, compared to its average volume of 11,190,563. The company has a debt-to-equity ratio of 0.52, a quick ratio of 2.00 and a current ratio of 2.97. The business has a 50-day simple moving average of $79.60 and a 200 day simple moving average of $89.94. Lam Research has a 52 week low of $57.44 and a 52 week high of $113.00. The stock has a market capitalization of $9.83 billion, a P/E ratio of 2.68, a price-to-earnings-growth ratio of 1.75 and a beta of 1.47.

Lam Research Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Tuesday, September 17th were paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 1.22%. The ex-dividend date was Tuesday, September 17th. Lam Research’s dividend payout ratio (DPR) is presently 3.38%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on LRCX. B. Riley lowered their price objective on Lam Research from $132.50 to $105.00 and set a “buy” rating on the stock in a research report on Wednesday. UBS Group cut their price objective on Lam Research from $125.00 to $115.00 and set a “buy” rating for the company in a report on Thursday, September 12th. TD Cowen lifted their target price on shares of Lam Research from $100.00 to $105.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Deutsche Bank Aktiengesellschaft lowered their price objective on Lam Research from $110.00 to $95.00 and set a “buy” rating for the company in a research report on Thursday, August 1st. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $100.00 target price on shares of Lam Research in a research note on Thursday. Six equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $139.13.

Insider Activity at Lam Research

In related news, CAO Christina Correia sold 647 shares of the stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $817.51, for a total transaction of $528,928.97. Following the sale, the chief accounting officer now owns 4,267 shares in the company, valued at approximately $3,488,315.17. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 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.