Lam Research (NASDAQ:LRCX) Issues Q4 Earnings Guidance

Lam Research (NASDAQ:LRCX) issued an update on its fourth quarter earnings guidance on Wednesday morning. The company provided EPS guidance of $6.75-$8.25 for the period, compared to the consensus EPS estimate of $7.30. The company issued revenue guidance of $3.5-$4.1 billion, compared to the consensus revenue estimate of $3.77 billion. Lam Research also updated its Q4 2024 guidance to 6.750-8.250 EPS.

Lam Research Stock Performance

Shares of Lam Research stock traded up $23.90 during trading on Friday, hitting $925.37. 1,397,129 shares of the stock were exchanged, compared to its average volume of 1,010,097. The stock has a market capitalization of $121.32 billion, a price-to-earnings ratio of 34.03, a price-to-earnings-growth ratio of 3.20 and a beta of 1.51. The company has a fifty day moving average price of $943.67 and a 200-day moving average price of $809.10. Lam Research has a 1-year low of $493.42 and a 1-year high of $1,007.39. The company has a current ratio of 2.82, a quick ratio of 2.02 and a debt-to-equity ratio of 0.56.

Lam Research (NASDAQ:LRCX) last announced its earnings results on Wednesday, April 24th. The semiconductor company reported $7.79 EPS for the quarter, topping the consensus estimate of $7.26 by $0.53. The business had revenue of $3.79 billion during the quarter, compared to the consensus estimate of $3.72 billion. Lam Research had a net margin of 25.35% and a return on equity of 45.96%. Lam Research’s revenue was down 2.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $6.99 EPS. As a group, equities analysts predict that Lam Research will post 29.46 EPS for the current fiscal year.

Lam Research Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 3rd. Investors of record on Wednesday, March 13th were paid a dividend of $2.00 per share. This represents a $8.00 annualized dividend and a yield of 0.86%. The ex-dividend date was Tuesday, March 12th. Lam Research’s dividend payout ratio is presently 29.42%.

Analyst Upgrades and Downgrades

LRCX has been the topic of a number of recent research reports. Barclays raised their price objective on shares of Lam Research from $825.00 to $865.00 and gave the company an equal weight rating in a research note on Thursday. Citigroup raised their price objective on shares of Lam Research from $975.00 to $1,025.00 and gave the company a buy rating in a research note on Thursday. StockNews.com upgraded shares of Lam Research from a hold rating to a buy rating in a report on Friday. JPMorgan Chase & Co. increased their target price on shares of Lam Research from $900.00 to $950.00 and gave the company an overweight rating in a report on Thursday. Finally, Evercore ISI assumed coverage on shares of Lam Research in a report on Tuesday, April 16th. They issued an outperform rating and a $1,200.00 target price for the company. Six investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat.com, Lam Research has a consensus rating of Moderate Buy and a consensus price target of $950.85.

Insider Buying and Selling at Lam Research

In other Lam Research news, SVP Seshasayee Varadarajan sold 5,500 shares of the stock in a transaction on Monday, March 18th. The shares were sold at an average price of $922.41, for a total transaction of $5,073,255.00. Following the completion of the transaction, the senior vice president now owns 22,095 shares in the company, valued at $20,380,648.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CAO Christina Corrreia sold 647 shares of the firm’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $972.03, for a total value of $628,903.41. Following the completion of the sale, the chief accounting officer now owns 5,541 shares in the company, valued at approximately $5,386,018.23. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Seshasayee Varadarajan sold 5,500 shares of the firm’s stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $922.41, for a total transaction of $5,073,255.00. Following the completion of the sale, the senior vice president now owns 22,095 shares of the company’s stock, valued at approximately $20,380,648.95. The disclosure for this sale can be found here. Insiders sold 7,029 shares of company stock worth $6,559,489 over the last 90 days. 0.32% of the stock is 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.