B. Riley Research Analysts Raise Earnings Estimates for Lam Research Co. (NASDAQ:LRCX)

Lam Research Co. (NASDAQ:LRCX) – Equities research analysts at B. Riley boosted their Q1 2026 EPS estimates for Lam Research in a research note issued on Wednesday, April 24th. B. Riley analyst C. Ellis now expects that the semiconductor company will post earnings per share of $10.52 for the quarter, up from their prior estimate of $10.48. B. Riley currently has a “Buy” rating and a $1,100.00 price objective on the stock. The consensus estimate for Lam Research’s current full-year earnings is $29.54 per share.

Other equities analysts also recently issued research reports about the stock. Stifel Nicolaus lifted their target price on shares of Lam Research from $950.00 to $1,050.00 and gave the stock a “buy” rating in a research note on Tuesday, April 16th. Citigroup lifted their target price on shares of Lam Research from $975.00 to $1,025.00 and gave the stock a “buy” rating in a research note on Thursday. The Goldman Sachs Group lifted their target price on shares of Lam Research from $700.00 to $912.00 and gave the stock a “buy” rating in a research note on Thursday, January 25th. Mizuho boosted their price objective on shares of Lam Research from $935.00 to $960.00 and gave the company a “buy” rating in a research note on Thursday. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Lam Research from $900.00 to $950.00 and gave the company an “overweight” rating in a research note on Thursday. Six equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $950.85.

Lam Research Stock Performance

Shares of LRCX stock opened at $925.37 on Monday. The firm has a market cap of $121.32 billion, a price-to-earnings ratio of 34.03, a P/E/G ratio of 3.29 and a beta of 1.51. The company has a debt-to-equity ratio of 0.56, a quick ratio of 2.02 and a current ratio of 2.82. Lam Research has a 52 week low of $493.42 and a 52 week high of $1,007.39. The firm’s 50-day simple moving average is $943.67 and its two-hundred day simple moving average is $811.51.

Lam Research (NASDAQ:LRCX) last released its quarterly earnings results on Wednesday, April 24th. The semiconductor company reported $7.79 earnings per share for the quarter, beating analysts’ consensus estimates of $7.26 by $0.53. Lam Research had a net margin of 25.35% and a return on equity of 45.96%. The company had revenue of $3.79 billion for the quarter, compared to analyst estimates of $3.72 billion. During the same period last year, the firm earned $6.99 earnings per share. The firm’s revenue was down 2.0% on a year-over-year basis.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Blue Whale Capital LLP increased its stake in shares of Lam Research by 0.7% in the 3rd quarter. Blue Whale Capital LLP now owns 112,300 shares of the semiconductor company’s stock worth $70,386,000 after acquiring an additional 800 shares during the last quarter. Everence Capital Management Inc. increased its stake in shares of Lam Research by 54.7% in the 4th quarter. Everence Capital Management Inc. now owns 4,073 shares of the semiconductor company’s stock worth $3,190,000 after acquiring an additional 1,440 shares during the last quarter. Gradient Investments LLC increased its stake in shares of Lam Research by 32,411.1% in the 4th quarter. Gradient Investments LLC now owns 14,630 shares of the semiconductor company’s stock worth $11,459,000 after acquiring an additional 14,585 shares during the last quarter. Contravisory Investment Management Inc. acquired a new stake in shares of Lam Research in the 4th quarter worth $7,930,000. Finally, Treasurer of the State of North Carolina increased its stake in shares of Lam Research by 0.9% in the 3rd quarter. Treasurer of the State of North Carolina now owns 63,809 shares of the semiconductor company’s stock worth $39,994,000 after acquiring an additional 560 shares during the last quarter. Hedge funds and other institutional investors own 84.61% of the company’s stock.

Insiders Place Their Bets

In other Lam Research news, SVP Seshasayee Varadarajan sold 5,500 shares of the business’s stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $922.41, for a total value of $5,073,255.00. Following the completion of the transaction, the senior vice president now directly owns 22,095 shares in the company, valued at $20,380,648.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CAO Christina Corrreia sold 647 shares of the stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $972.03, for a total value of $628,903.41. Following the transaction, the chief accounting officer now owns 5,541 shares in the company, valued at approximately $5,386,018.23. The sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP Seshasayee Varadarajan sold 5,500 shares of the stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $922.41, for a total transaction of $5,073,255.00. Following the completion of the transaction, the senior vice president now owns 22,095 shares in the company, valued at approximately $20,380,648.95. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 7,029 shares of company stock worth $6,559,489. 0.32% of the stock is owned by corporate insiders.

Lam Research Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 3rd. Shareholders of record on Wednesday, March 13th were issued a $2.00 dividend. The ex-dividend date was Tuesday, March 12th. This represents a $8.00 dividend on an annualized basis and a yield of 0.86%. Lam Research’s dividend payout ratio is presently 29.42%.

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.