Zacks: Brokerages Expect Lam Research Co. (NASDAQ:LRCX) Will Post Earnings of $5.16 Per Share


Share on StockTwits

Wall Street brokerages expect that Lam Research Co. (NASDAQ:LRCX) will announce earnings of $5.16 per share for the current quarter, according to Zacks Investment Research. Five analysts have issued estimates for Lam Research’s earnings. The highest EPS estimate is $5.20 and the lowest is $5.13. Lam Research reported earnings of $4.01 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 28.7%. The company is scheduled to report its next earnings results on Wednesday, February 3rd.

On average, analysts expect that Lam Research will report full-year earnings of $22.41 per share for the current financial year, with EPS estimates ranging from $21.81 to $23.72. For the next year, analysts expect that the business will post earnings of $24.67 per share, with EPS estimates ranging from $23.55 to $25.81. Zacks’ EPS calculations are an average based on a survey of analysts that follow Lam Research.

Lam Research (NASDAQ:LRCX) last posted its earnings results on Wednesday, October 21st. The semiconductor company reported $5.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.17 by $0.50. The business had revenue of $3.18 billion for the quarter, compared to analyst estimates of $3.10 billion. Lam Research had a net margin of 23.60% and a return on equity of 55.82%. During the same period in the prior year, the company posted $3.18 EPS.

LRCX has been the subject of a number of recent analyst reports. B. Riley raised their price target on shares of Lam Research from $465.00 to $600.00 and gave the stock a “buy” rating in a report on Monday, December 14th. ValuEngine upgraded shares of Lam Research from a “sell” rating to a “hold” rating in a report on Tuesday, September 22nd. Deutsche Bank Aktiengesellschaft downgraded shares of Lam Research from a “buy” rating to a “hold” rating and raised their price target for the stock from $400.00 to $500.00 in a report on Thursday, December 17th. KeyCorp raised their price target on shares of Lam Research from $424.00 to $472.00 and gave the stock an “overweight” rating in a report on Monday, November 23rd. Finally, BidaskClub upgraded shares of Lam Research from a “buy” rating to a “strong-buy” rating in a report on Monday, November 2nd. Four equities research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and two have given a strong buy rating to the company’s stock. Lam Research currently has an average rating of “Buy” and a consensus target price of $408.44.

In other news, CEO Timothy Archer sold 15,793 shares of Lam Research stock in a transaction on Tuesday, December 29th. The shares were sold at an average price of $475.66, for a total transaction of $7,512,098.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Douglas R. Bettinger sold 8,184 shares of Lam Research stock in a transaction on Friday, November 13th. The stock was sold at an average price of $425.19, for a total transaction of $3,479,754.96. Over the last ninety days, insiders have sold 79,298 shares of company stock valued at $32,735,498. Corporate insiders own 0.34% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Mercer Capital Advisers Inc. purchased a new stake in Lam Research in the third quarter valued at $25,000. Mirova purchased a new stake in Lam Research in the third quarter valued at $39,000. Catalyst Private Wealth LLC purchased a new stake in Lam Research in the third quarter valued at $39,000. Paces Ferry Wealth Advisors LLC purchased a new stake in Lam Research in the third quarter valued at $42,000. Finally, Hudock Inc. lifted its position in Lam Research by 55.1% in the third quarter. Hudock Inc. now owns 152 shares of the semiconductor company’s stock valued at $50,000 after acquiring an additional 54 shares during the last quarter. 76.86% of the stock is owned by hedge funds and other institutional investors.

LRCX stock opened at $472.27 on Friday. The company has a market cap of $68.01 billion, a price-to-earnings ratio of 26.79, a PEG ratio of 1.34 and a beta of 1.33. The company has a current ratio of 3.31, a quick ratio of 2.68 and a debt-to-equity ratio of 0.92. Lam Research has a 12 month low of $181.38 and a 12 month high of $516.65. The firm has a 50-day moving average of $468.54 and a two-hundred day moving average of $376.30.

About Lam Research

Lam Research Corporation designs, manufactures, markets, refurbishes, and services semiconductor processing equipment used in the fabrication of integrated circuits in the United States, China, Europe, Japan, Korea, Taiwan, and the southeast Asia. The company offers ALTUS systems to deposit conformal films for tungsten metallization applications; SABRE electrochemical deposition products for copper damascene manufacturing; SOLA ultraviolet thermal processing products for film treatments; and VECTOR plasma-enhanced CVD ALD products.

Recommended Story: Cash Asset Ratio

Get a free copy of the Zacks research report on Lam Research (LRCX)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Lam Research (NASDAQ:LRCX)

Receive News & Ratings for Lam Research Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lam Research and related companies with MarketBeat.com's FREE daily email newsletter.