Lam Research (NASDAQ:LRCX) is scheduled to issue its quarterly earnings data after the market closes on Wednesday, January 24th. Analysts expect the company to announce earnings of $3.67 per share for the quarter.

Lam Research (NASDAQ:LRCX) last posted its quarterly earnings data on Tuesday, October 17th. The semiconductor company reported $3.46 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $3.27 by $0.19. The business had revenue of $2.48 billion during the quarter, compared to the consensus estimate of $2.46 billion. Lam Research had a return on equity of 30.19% and a net margin of 22.85%. The company’s revenue was up 51.8% compared to the same quarter last year. During the same period in the prior year, the company earned $1.81 earnings per share. On average, analysts expect Lam Research to post $15 EPS for the current fiscal year and $15 EPS for the next fiscal year.

Shares of Lam Research (LRCX) opened at $190.39 on Wednesday. The firm has a market capitalization of $30,830.00, a P/E ratio of 17.39, a PEG ratio of 0.86 and a beta of 1.57. Lam Research has a fifty-two week low of $108.46 and a fifty-two week high of $219.70. The company has a quick ratio of 2.83, a current ratio of 3.31 and a debt-to-equity ratio of 0.24.

Lam Research announced that its board has approved a stock buyback program on Tuesday, November 14th that authorizes the company to buyback $2.00 billion in shares. This buyback authorization authorizes the semiconductor company to reacquire shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 10th. Stockholders of record on Wednesday, December 6th were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 1.05%. The ex-dividend date of this dividend was Tuesday, December 5th. This is a boost from Lam Research’s previous quarterly dividend of $0.45. Lam Research’s dividend payout ratio is 18.26%.

Several research firms have recently commented on LRCX. Zacks Investment Research cut Lam Research from a “buy” rating to a “hold” rating in a research note on Tuesday. Susquehanna Bancshares upgraded Lam Research from a “neutral” rating to a “positive” rating and upped their price target for the stock from $200.00 to $250.00 in a research note on Tuesday. UBS Group upgraded Lam Research from a “neutral” rating to a “positive” rating in a research note on Tuesday. BidaskClub upgraded Lam Research from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, January 10th. Finally, Vetr cut Lam Research from a “strong-buy” rating to a “buy” rating and set a $215.24 price target for the company. in a research note on Wednesday, January 10th. Two analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $220.65.

In other Lam Research news, Director Michael R. Cannon sold 9,000 shares of the stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $212.43, for a total value of $1,911,870.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Patrick J. Lord sold 264 shares of the stock in a transaction on Friday, November 24th. The stock was sold at an average price of $216.08, for a total value of $57,045.12. The disclosure for this sale can be found here. Insiders sold 31,269 shares of company stock valued at $6,615,633 in the last quarter. 0.41% of the stock is currently owned by company insiders.

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Lam Research Company Profile

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.

Earnings History for Lam Research (NASDAQ:LRCX)

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