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

by · The Cerbat Gem

Lam Research (NASDAQ:LRCX – Get Free Report) posted its quarterly earnings results on Wednesday. The semiconductor company reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.81 by $0.05, Briefing.com reports. The firm had revenue of $4.17 billion for the quarter, compared to the consensus estimate of $4.06 billion. Lam Research had a return on equity of 48.71% and a net margin of 25.68%. The company’s revenue for the quarter was up 19.7% compared to the same quarter last year. During the same period in the previous year, the business earned $6.85 earnings per share. 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 Up 5.1 %

Shares of NASDAQ:LRCX opened at $76.57 on Friday. The company has a current ratio of 2.97, a quick ratio of 2.00 and a debt-to-equity ratio of 0.52. The firm has a market cap of $10.01 billion, a price-to-earnings ratio of 2.82, a PEG ratio of 1.75 and a beta of 1.47. The stock’s 50-day moving average price is $79.60 and its two-hundred day moving average price is $89.94. Lam Research has a 12-month low of $57.44 and a 12-month high of $113.00.

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 $0.23 dividend. The ex-dividend date was Tuesday, September 17th. This represents a $0.92 annualized dividend and a yield of 1.20%. Lam Research’s payout ratio is currently 3.38%.

Insider Activity

In related news, CAO Christina Correia sold 647 shares of the business’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 value of $528,928.97. Following the completion of the sale, the chief accounting officer now directly owns 4,267 shares in the company, valued at approximately $3,488,315.17. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.32% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on LRCX. Deutsche Bank Aktiengesellschaft decreased 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 report on Thursday, August 1st. Morgan Stanley dropped their target price on shares of Lam Research from $81.00 to $77.00 and set an “equal weight” rating for the company in a report on Wednesday. Citigroup decreased their price target on Lam Research from $99.00 to $89.30 and set a “buy” rating on the stock in a research note on Monday, September 16th. StockNews.com cut Lam Research from a “buy” rating to a “hold” rating in a report on Friday, October 11th. Finally, UBS Group reduced 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. Six 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 currently has an average rating of “Moderate Buy” and a consensus price target of $97.03.

View Our Latest Stock Analysis on LRCX

Lam Research Company Profile

(Get Free Report)

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.

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