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

Lam Research (NASDAQ:LRCX) issued its quarterly earnings data on Wednesday. The semiconductor company reported $0.86 earnings per share for the quarter, topping 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 business had revenue of $4.17 billion during the quarter, compared to the consensus estimate of $4.06 billion. During the same quarter in the prior year, the firm posted $6.85 earnings per share. The company’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 Stock Performance

NASDAQ LRCX traded up $2.64 during trading hours on Thursday, hitting $75.50. The company had a trading volume of 10,213,315 shares, compared to its average volume of 11,212,615. The business has a 50 day moving average of $79.60 and a 200-day moving average of $89.94. The company has a debt-to-equity ratio of 0.52, a quick ratio of 2.00 and a current ratio of 2.97. Lam Research has a 1-year low of $57.44 and a 1-year high of $113.00. The company has a market cap of $9.87 billion, a PE ratio of 2.78, a price-to-earnings-growth ratio of 1.75 and a beta of 1.47.

Lam Research Cuts Dividend

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

Insiders Place Their Bets

In other news, CAO Christina Correia sold 647 shares of Lam Research stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $817.51, for a total value of $528,928.97. Following the transaction, the chief accounting officer now directly owns 4,267 shares of the company’s stock, valued at $3,488,315.17. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.32% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have recently commented on LRCX shares. Cantor Fitzgerald cut their price objective on Lam Research from $120.00 to $100.00 and set a “neutral” rating for the company in a research report on Monday, September 30th. UBS Group dropped their target price on shares of Lam Research from $125.00 to $115.00 and set a “buy” rating for the company in a report on Thursday, September 12th. B. Riley dropped their price target on Lam Research from $132.50 to $105.00 and set a “buy” rating for the company in a research report on Wednesday. StockNews.com cut shares of Lam Research from a “buy” rating to a “hold” rating in a research report on Friday, October 11th. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on shares of Lam Research from $110.00 to $95.00 and set a “buy” rating on the stock in a research note on Thursday, August 1st. Six equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $97.29.

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.