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

Lam Research (NASDAQ:LRCX) issued its quarterly earnings data on Wednesday. The semiconductor company reported $0.86 EPS for the quarter, topping the consensus estimate of $0.81 by $0.05, Briefing.com reports. The business had revenue of $4.17 billion during the quarter, compared to analyst estimates of $4.06 billion. Lam Research had a net margin of 25.68% and a return on equity of 48.71%. The company’s revenue for the quarter was up 19.7% on a year-over-year basis. During the same period in the prior year, the business earned $6.85 EPS. 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

NASDAQ LRCX opened at $76.57 on Friday. The company has a quick ratio of 2.00, a current ratio of 2.97 and a debt-to-equity ratio of 0.52. The firm has a market capitalization of $10.01 billion, a P/E ratio of 2.82, a PEG ratio of 1.75 and a beta of 1.47. The company has a 50-day moving average price of $79.60 and a 200-day moving average price of $89.94. Lam Research has a 52 week low of $57.44 and a 52 week high of $113.00.

Lam Research Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Tuesday, September 17th were paid a dividend of $0.23 per share. The ex-dividend date of this dividend was Tuesday, September 17th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.20%. Lam Research’s dividend payout ratio is currently 3.38%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Stifel Nicolaus reissued a “buy” rating and issued a $100.00 price target (down from $105.00) on shares of Lam Research in a research note on Thursday. B. Riley lowered their price objective on Lam Research from $132.50 to $105.00 and set a “buy” rating for the company in a research report on Wednesday. UBS Group lowered their price target on shares of Lam Research from $125.00 to $115.00 and set a “buy” rating for the company in a research report on Thursday, September 12th. Wells Fargo & Company lowered their target price on shares of Lam Research from $88.00 to $85.00 and set an “equal weight” rating for the company in a report on Thursday. Finally, StockNews.com cut Lam Research from a “buy” rating to a “hold” rating in a research note on Friday, October 11th. Six equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $97.03.

Insider Buying and Selling

In other Lam Research news, CAO Christina Correia sold 647 shares of the company’s stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $817.51, for a total transaction of $528,928.97. Following the completion of the sale, the chief accounting officer now directly owns 4,267 shares of the company’s stock, valued at approximately $3,488,315.17. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.32% of the stock is currently owned by insiders.

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.