Erste Group Bank Predicts Reduced Earnings for Lam Research

Lam Research Corporation (NASDAQ:LRCX) – Research analysts at Erste Group Bank decreased their FY2027 earnings per share estimates for Lam Research in a note issued to investors on Wednesday, July 15th. Erste Group Bank analyst S. Lingnau now expects that the semiconductor company will earn $7.98 per share for the year, down from their previous estimate of $7.99. Erste Group Bank has a “Hold” rating on the stock. The consensus estimate for Lam Research’s current full-year earnings is $5.68 per share.

Lam Research (NASDAQ:LRCX) last released its quarterly earnings data on Wednesday, April 22nd. The semiconductor company reported $1.47 earnings per share for the quarter, beating the consensus estimate of $1.36 by $0.11. The firm had revenue of $5.84 billion during the quarter, compared to the consensus estimate of $5.70 billion. Lam Research had a return on equity of 66.21% and a net margin of 30.94%.Lam Research’s quarterly revenue was up 23.8% on a year-over-year basis. During the same period last year, the business posted $1.04 EPS. Lam Research has set its Q4 2026 guidance at 1.500-1.800 EPS.

Several other analysts also recently issued reports on the company. Susquehanna restated a “positive” rating and issued a $475.00 price objective (up from $385.00) on shares of Lam Research in a research report on Tuesday, June 30th. Zacks Research downgraded shares of Lam Research from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 6th. UBS Group restated a “buy” rating and issued a $375.00 target price (up from $310.00) on shares of Lam Research in a report on Tuesday, June 9th. Citigroup reaffirmed a “buy” rating and set a $450.00 price target (up from $315.00) on shares of Lam Research in a research note on Wednesday, June 17th. Finally, Mizuho lifted their price target on shares of Lam Research from $380.00 to $400.00 and gave the stock an “outperform” rating in a report on Thursday, July 9th. Twenty-eight analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $360.51.

Lam Research Stock Performance

Lam Research stock opened at $306.76 on Monday. Lam Research has a fifty-two week low of $90.93 and a fifty-two week high of $438.50. The company has a market capitalization of $383.62 billion, a price-to-earnings ratio of 57.88, a PEG ratio of 1.86 and a beta of 1.80. The stock has a fifty day moving average of $339.79 and a two-hundred day moving average of $270.54. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.77 and a current ratio of 2.54.

Lam Research Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 8th. Investors of record on Wednesday, June 17th were paid a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 0.3%. The ex-dividend date was Wednesday, June 17th. Lam Research’s dividend payout ratio is presently 19.62%.

Insiders Place Their Bets

In other Lam Research news, SVP Neil J. Fernandes sold 18,170 shares of the firm’s stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $255.14, for a total value of $4,635,893.80. Following the sale, the senior vice president directly owned 66,129 shares of the company’s stock, valued at approximately $16,872,153.06. This trade represents a 21.55% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Eric Brandt sold 54,500 shares of Lam Research stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $350.80, for a total value of $19,118,600.00. Following the completion of the sale, the director owned 199,205 shares of the company’s stock, valued at $69,881,114. This trade represents a 21.48% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 104,621 shares of company stock valued at $33,804,737. 0.31% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Lam Research

Several institutional investors and hedge funds have recently bought and sold shares of LRCX. Fideuram Asset Management Ireland dac acquired a new stake in shares of Lam Research in the 4th quarter worth approximately $10,035,000. Generali Investments Management Co LLC increased its stake in shares of Lam Research by 62.0% during the fourth quarter. Generali Investments Management Co LLC now owns 36,274 shares of the semiconductor company’s stock valued at $6,209,000 after acquiring an additional 13,878 shares during the period. Aware Super Pty Ltd as trustee of Aware Super acquired a new position in shares of Lam Research during the first quarter valued at approximately $59,973,000. Krilogy Financial LLC raised its holdings in Lam Research by 19.5% during the first quarter. Krilogy Financial LLC now owns 28,111 shares of the semiconductor company’s stock worth $6,006,000 after purchasing an additional 4,584 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd bought a new stake in Lam Research during the first quarter worth approximately $26,489,000. Institutional investors and hedge funds own 84.61% of the company’s stock.

Key Headlines Impacting Lam Research

Here are the key news stories impacting Lam Research this week:

• Positive Sentiment: Lam Research joined the AI Materials Foundry as a founding partner, a new CuspAI-led initiative focused on using AI and shared lab resources to speed up discovery of advanced semiconductor materials, which could support future product and technology demand. Lam Research (LRCX) Joins AI Materials Foundry To Help Shape Future Chip Materials
• Positive Sentiment: Lam Research was highlighted by Zacks as one of the semiconductor names benefiting from the AI boom, which continues to drive demand for advanced chips and equipment. 3 Stocks to Buy From the Prospering Semiconductor Industry
• Positive Sentiment: Another Zacks note said LRCX is among the tech stocks likely to deliver earnings surprises this season, reinforcing expectations for solid near-term fundamentals. 4 Top-Ranked Tech Stocks Set to Beat Expectations This Earnings Season
• Neutral Sentiment: Brokerages reportedly maintained a consensus “Moderate Buy” rating on Lam Research, suggesting Wall Street remains constructive but not overly aggressive on the stock. Lam Research Corporation Given Consensus Recommendation of “Moderate Buy” by Brokerages
• Neutral Sentiment: Oppenheimer included LRCX on its “best of the best” momentum list, another sign of positive sentiment but not a new fundamental catalyst by itself. Oppenheimer’s ‘best of the best’ momentum list: NVDA, LRCX and more
• Negative Sentiment: Lam Research slipped more than the broader market in the latest session, reflecting near-term pressure on the shares. Lam Research (LRCX) Dips More Than Broader Market: What You Should Know
• Negative Sentiment: Broader semiconductor stocks have entered a bear market, and investors are questioning whether the AI-driven rally has overheated, which is weighing on the entire chip group including LRCX. Semiconductor stocks enter bear market: Is bubble burst next?
• Negative Sentiment: A Bloomberg report noted that investors are pressuring big AI spenders to justify their capital outlays, adding caution to the semiconductor and AI hardware trade. Big Tech Needs to Justify AI Spending as Investors Dump Stocks

Lam Research Company Profile

Lam Research Corporation (NASDAQ: LRCX) is a global supplier of wafer fabrication equipment and services to the semiconductor industry. Founded in 1980 by David K. Lam and headquartered in Fremont, California, the company develops and manufactures systems used in multiple stages of semiconductor device production, including thin film deposition, plasma etch, wafer cleaning and related process modules and automation.

Lam’s product portfolio covers core process technologies employed by logic and memory manufacturers, with equipment designed to support advanced-node patterning, 3D NAND and other emerging device architectures.