Equities research analysts expect that Lam Research Corporation (NASDAQ:LRCX) will announce earnings of $3.26 per share for the current quarter, Zacks Investment Research reports. Four analysts have issued estimates for Lam Research Corporation’s earnings, with estimates ranging from $3.25 to $3.28. Lam Research Corporation reported earnings per share of $1.81 in the same quarter last year, which would indicate a positive year over year growth rate of 80.1%. The company is expected to issue its next earnings report on Wednesday, October 18th.

According to Zacks, analysts expect that Lam Research Corporation will report full year earnings of $12.40 per share for the current financial year, with EPS estimates ranging from $10.95 to $13.44. For the next financial year, analysts anticipate that the company will report earnings of $13.09 per share, with EPS estimates ranging from $12.11 to $13.93. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side analysts that follow Lam Research Corporation.

Lam Research Corporation (NASDAQ:LRCX) last issued its quarterly earnings data on Wednesday, July 26th. The semiconductor company reported $3.11 EPS for the quarter, topping the Zacks’ consensus estimate of $3.02 by $0.09. The company had revenue of $2.34 billion for the quarter, compared to analysts’ expectations of $2.31 billion. Lam Research Corporation had a return on equity of 26.95% and a net margin of 21.19%. The firm’s quarterly revenue was up 51.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.80 earnings per share.

Several research firms have commented on LRCX. KeyCorp reissued an “overweight” rating on shares of Lam Research Corporation in a research report on Thursday, July 27th. Cowen and Company reissued an “outperform” rating and set a $185.00 target price (up from $150.00) on shares of Lam Research Corporation in a research report on Thursday, July 27th. Needham & Company LLC increased their target price on shares of Lam Research Corporation from $175.00 to $200.00 and gave the stock a “buy” rating in a research report on Thursday, July 27th. B. Riley reissued a “buy” rating and set a $220.00 target price on shares of Lam Research Corporation in a research report on Thursday, July 27th. Finally, Stifel Nicolaus reissued a “buy” rating and set a $215.00 target price (up from $189.00) on shares of Lam Research Corporation in a research report on Thursday, July 27th. Four investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company. Lam Research Corporation has an average rating of “Buy” and a consensus price target of $172.41.

Lam Research Corporation (NASDAQ LRCX) opened at 155.84 on Tuesday. The firm has a market cap of $25.20 billion, a PE ratio of 16.87 and a beta of 1.46. The firm’s 50 day moving average price is $153.65 and its 200-day moving average price is $137.56. Lam Research Corporation has a 52 week low of $88.13 and a 52 week high of $170.00.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 4th. Investors of record on Wednesday, September 13th will be paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 1.16%. Lam Research Corporation’s payout ratio is presently 19.57%.

In related news, Director Stephen G. Newberry sold 750 shares of the stock in a transaction dated Wednesday, July 19th. The shares were sold at an average price of $160.50, for a total value of $120,375.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Patrick J. Lord sold 2,770 shares of the stock in a transaction dated Wednesday, June 14th. The stock was sold at an average price of $155.35, for a total transaction of $430,319.50. The disclosure for this sale can be found here. In the last quarter, insiders sold 51,656 shares of company stock valued at $7,925,366. 0.46% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Harbour Capital Advisors LLC raised its position in Lam Research Corporation by 13,054.2% in the second quarter. Harbour Capital Advisors LLC now owns 1,890,919 shares of the semiconductor company’s stock valued at $13,370,000 after buying an additional 1,876,544 shares during the period. Soros Fund Management LLC acquired a new position in Lam Research Corporation during the first quarter valued at about $71,978,000. Vanguard Group Inc. raised its position in Lam Research Corporation by 3.1% in the first quarter. Vanguard Group Inc. now owns 15,750,128 shares of the semiconductor company’s stock valued at $2,021,687,000 after buying an additional 471,405 shares during the period. Acadian Asset Management LLC raised its position in Lam Research Corporation by 260.9% in the second quarter. Acadian Asset Management LLC now owns 626,623 shares of the semiconductor company’s stock valued at $88,624,000 after buying an additional 452,972 shares during the period. Finally, LSV Asset Management raised its position in Lam Research Corporation by 22.9% in the first quarter. LSV Asset Management now owns 2,408,170 shares of the semiconductor company’s stock valued at $309,112,000 after buying an additional 449,402 shares during the period. 98.98% of the stock is owned by hedge funds and other institutional investors.

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About Lam Research Corporation

Lam Research Corporation is a supplier of wafer fabrication equipment and services to the semiconductor industry. The Company designs, manufactures, markets, refurbishes and services semiconductor processing systems that are used in the fabrication of integrated circuits (ICs). It operates through manufacturing and servicing of wafer processing semiconductor manufacturing equipment segment.

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

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