B. Riley Issues Negative Forecast for Lam Research Earnings

Lam Research Co. (NASDAQ:LRCX) – Analysts at B. Riley decreased their Q2 2025 earnings per share estimates for shares of Lam Research in a research report issued on Wednesday, October 23rd. B. Riley analyst C. Ellis now anticipates that the semiconductor company will post earnings per share of $0.84 for the quarter, down from their previous forecast of $0.86. B. Riley has a “Buy” rating and a $105.00 price target on the stock. The consensus estimate for Lam Research’s current full-year earnings is $3.23 per share.

Lam Research (NASDAQ:LRCX) last announced its earnings results on Wednesday, October 23rd. The semiconductor company reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.81 by $0.05. The firm had revenue of $4.17 billion during the quarter, compared to analyst estimates of $4.06 billion. Lam Research had a net margin of 25.68% and a return on equity of 48.71%. Lam Research’s revenue was up 19.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $6.85 EPS.

Other analysts have also issued research reports about the company. Wells Fargo & Company cut their price objective on Lam Research from $88.00 to $85.00 and set an “equal weight” rating for the company in a report on Thursday. StockNews.com lowered shares of Lam Research from a “buy” rating to a “hold” rating in a research note on Friday, October 11th. Morgan Stanley dropped their price target on Lam Research from $81.00 to $77.00 and set an “equal weight” rating on the stock in a report on Wednesday. Stifel Nicolaus restated a “buy” rating and issued a $100.00 target price (down from $105.00) on shares of Lam Research in a report on Thursday. Finally, Mizuho reduced their target price on Lam Research from $105.00 to $95.00 and set an “outperform” rating for the company in a report on Friday, September 20th. Six analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat, Lam Research currently has an average rating of “Moderate Buy” and a consensus price target of $97.03.

Lam Research Price Performance

Shares of NASDAQ:LRCX opened at $77.68 on Friday. The stock’s 50 day moving average price is $79.21 and its 200 day moving average price is $89.76. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.97 and a quick ratio of 2.00. The stock has a market cap of $100.68 billion, a price-to-earnings ratio of 26.79, a PEG ratio of 1.89 and a beta of 1.47. Lam Research has a 12 month low of $57.44 and a 12 month high of $113.00.

Lam Research Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Tuesday, September 17th were paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date was Tuesday, September 17th. Lam Research’s dividend payout ratio (DPR) is currently 31.72%.

Insider Transactions at Lam Research

In other news, CAO Christina Correia sold 647 shares of the firm’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $817.51, for a total transaction of $528,928.97. Following the completion of the sale, the chief accounting officer now directly owns 4,267 shares of the company’s stock, valued at $3,488,315.17. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.29% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. CarsonAllaria Wealth Management Ltd. acquired a new position in Lam Research during the second quarter worth $32,000. RFP Financial Group LLC raised its stake in shares of Lam Research by 52.2% in the 2nd quarter. RFP Financial Group LLC now owns 35 shares of the semiconductor company’s stock valued at $37,000 after acquiring an additional 12 shares in the last quarter. Hobbs Group Advisors LLC acquired a new stake in Lam Research in the 2nd quarter worth approximately $40,000. Country Trust Bank bought a new stake in Lam Research during the second quarter worth approximately $43,000. Finally, MFA Wealth Advisors LLC acquired a new position in Lam Research during the second quarter valued at approximately $45,000. Institutional investors and hedge funds own 84.61% of the company’s stock.

About Lam Research

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.