Analysts Expect Lam Research Co. (NASDAQ:LRCX) to Announce $5.27 EPS

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Equities analysts predict that Lam Research Co. (NASDAQ:LRCX) will announce earnings per share (EPS) of $5.27 for the current quarter, Zacks Investment Research reports. Four analysts have issued estimates for Lam Research’s earnings, with the lowest EPS estimate coming in at $4.68 and the highest estimate coming in at $5.61. Lam Research reported earnings per share of $4.01 in the same quarter last year, which would indicate a positive year over year growth rate of 31.4%. The business is expected to report its next earnings report on Wednesday, February 3rd.

According to Zacks, analysts expect that Lam Research will report full-year earnings of $20.76 per share for the current year, with EPS estimates ranging from $19.14 to $22.64. For the next fiscal year, analysts anticipate that the company will report earnings of $24.24 per share, with EPS estimates ranging from $21.17 to $25.81. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that that provide coverage for Lam Research.

Lam Research (NASDAQ:LRCX) last posted its quarterly earnings results on Wednesday, October 21st. The semiconductor company reported $5.67 earnings per share for the quarter, topping the consensus estimate of $5.17 by $0.50. Lam Research had a return on equity of 49.69% and a net margin of 22.42%. During the same period in the prior year, the company posted $3.18 EPS.

LRCX has been the subject of a number of analyst reports. ValuEngine upgraded shares of Lam Research from a “sell” rating to a “hold” rating in a research note on Tuesday, September 22nd. Barclays boosted their price objective on shares of Lam Research from $315.00 to $350.00 and gave the stock an “overweight” rating in a report on Monday, July 20th. Stifel Nicolaus increased their target price on Lam Research from $352.00 to $418.00 and gave the company a “buy” rating in a research note on Thursday. Cfra restated a “buy” rating on shares of Lam Research in a research note on Sunday, August 16th. Finally, Royal Bank of Canada increased their price objective on Lam Research from $400.00 to $420.00 and gave the company an “outperform” rating in a research report on Thursday. Three investment analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $383.67.

Shares of NASDAQ:LRCX traded down $4.09 on Friday, hitting $353.92. 1,231,672 shares of the company traded hands, compared to its average volume of 2,017,680. The stock has a 50 day simple moving average of $334.38 and a 200-day simple moving average of $315.17. The company has a quick ratio of 2.83, a current ratio of 3.43 and a debt-to-equity ratio of 0.96. The company has a market cap of $51.35 billion, a PE ratio of 23.39, a PEG ratio of 1.33 and a beta of 1.23. Lam Research has a 52 week low of $181.38 and a 52 week high of $387.70.

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 14th. Investors of record on Wednesday, September 30th were issued a $1.30 dividend. This represents a $5.20 annualized dividend and a yield of 1.47%. This is a positive change from Lam Research’s previous quarterly dividend of $1.15. The ex-dividend date was Tuesday, September 29th. Lam Research’s dividend payout ratio is currently 32.60%.

In other news, CEO Timothy Archer sold 15,540 shares of the business’s stock in a transaction dated Monday, October 12th. The stock was sold at an average price of $370.00, for a total value of $5,749,800.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Richard A. Gottscho sold 17,655 shares of the company’s stock in a transaction dated Friday, July 31st. The stock was sold at an average price of $370.82, for a total value of $6,546,827.10. The disclosure for this sale can be found here. Insiders have sold 48,111 shares of company stock worth $17,753,830 in the last ninety days. Insiders own 0.34% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of LRCX. Ameritas Investment Company LLC raised its position in shares of Lam Research by 900.0% during the first quarter. Ameritas Investment Company LLC now owns 110 shares of the semiconductor company’s stock valued at $26,000 after buying an additional 99 shares during the last quarter. CX Institutional lifted its stake in Lam Research by 137.8% in the 2nd quarter. CX Institutional now owns 107 shares of the semiconductor company’s stock worth $35,000 after purchasing an additional 62 shares in the last quarter. Reitz Capital Advisors LLC purchased a new stake in Lam Research in the 2nd quarter worth $47,000. Keebeck Wealth Management LLC bought a new position in shares of Lam Research during the 2nd quarter valued at about $48,000. Finally, Hudock Inc. grew its position in shares of Lam Research by 55.1% during the third quarter. Hudock Inc. now owns 152 shares of the semiconductor company’s stock valued at $50,000 after purchasing an additional 54 shares in the last quarter. 85.27% of the stock is currently owned by institutional investors.

About Lam Research

Lam Research Corporation designs, manufactures, markets, refurbishes, and services semiconductor processing equipment used in the fabrication of integrated circuits worldwide. The company offers ALTUS systems to deposit conformal films for tungsten metallization applications; SABRE electrochemical deposition product for copper damascene manufacturing; SOLA ultraviolet thermal processing products for film treatment; SPEED gapfill high-density plasma chemical vapor deposition (CVD) products; Striker single-wafer atomic layer deposition (ALD) products; and VECTOR plasma-enhanced CVD ALD products.

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