Lam Research (NASDAQ:LRCX) Issues Q4 Earnings Guidance

Lam Research (NASDAQ:LRCX) issued an update on its fourth quarter earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $6.75-$8.25 for the period, compared to the consensus estimate of $7.30. The company issued revenue guidance of $3.5-$4.1 billion, compared to the consensus revenue estimate of $3.77 billion. Lam Research also updated its Q4 2024 guidance to 6.750-8.250 EPS.

Lam Research Stock Performance

LRCX traded down $2.53 during trading on Wednesday, hitting $884.89. The stock had a trading volume of 1,946,455 shares, compared to its average volume of 1,068,471. The company has a debt-to-equity ratio of 0.61, a quick ratio of 2.02 and a current ratio of 3.06. The firm has a market capitalization of $116.01 billion, a P/E ratio of 34.22, a PEG ratio of 3.14 and a beta of 1.51. The company’s 50-day moving average price is $943.93 and its 200 day moving average price is $806.38. Lam Research has a twelve month low of $493.42 and a twelve month high of $1,007.39.

Lam Research (NASDAQ:LRCX) last announced its quarterly earnings data on Wednesday, January 24th. The semiconductor company reported $7.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.06 by $0.46. The company had revenue of $3.76 billion for the quarter, compared to analysts’ expectations of $3.71 billion. Lam Research had a net margin of 24.15% and a return on equity of 44.47%. Lam Research’s revenue was down 28.8% compared to the same quarter last year. During the same period in the previous year, the company posted $10.71 EPS. On average, equities research analysts forecast that Lam Research will post 28.92 EPS for the current fiscal year.

Lam Research Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 3rd. Shareholders of record on Wednesday, March 13th were paid a $2.00 dividend. The ex-dividend date was Tuesday, March 12th. This represents a $8.00 annualized dividend and a yield of 0.90%. Lam Research’s dividend payout ratio is currently 30.94%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on LRCX shares. TD Cowen boosted their price objective on shares of Lam Research from $710.00 to $975.00 and gave the company an outperform rating in a research note on Thursday, January 25th. UBS Group boosted their target price on shares of Lam Research from $885.00 to $1,130.00 and gave the stock a buy rating in a research report on Tuesday, March 5th. Stifel Nicolaus boosted 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 report on Tuesday, April 16th. Mizuho boosted their target price on shares of Lam Research from $900.00 to $935.00 and gave the stock a buy rating in a research report on Thursday, January 25th. Finally, Susquehanna boosted their target price on shares of Lam Research from $655.00 to $880.00 and gave the stock a neutral rating in a research report on Monday, January 29th. Seven analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, Lam Research has a consensus rating of Moderate Buy and a consensus target price of $931.85.

Insiders Place Their Bets

In other Lam Research news, Director Abhijit Y. Talwalkar sold 882 shares of the company’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $972.03, for a total value of $857,330.46. Following the completion of the transaction, the director now owns 10,541 shares in the company, valued at approximately $10,246,168.23. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, Director Abhijit Y. Talwalkar sold 882 shares of the stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $972.03, for a total transaction of $857,330.46. Following the completion of the transaction, the director now directly owns 10,541 shares in the company, valued at approximately $10,246,168.23. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Seshasayee Varadarajan sold 5,500 shares of the stock in a transaction that occurred on 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 transaction, the senior vice president now owns 22,095 shares of the company’s stock, valued at $20,380,648.95. The disclosure for this sale can be found here. Insiders sold a total of 7,029 shares of company stock worth $6,559,489 in the last 90 days. 0.32% of the stock is owned by company insiders.

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.