Zacks Research Lowers Earnings Estimates for Lam Research

Lam Research Co. (NASDAQ:LRCX) – Analysts at Zacks Research cut their Q3 2025 earnings estimates for shares of Lam Research in a note issued to investors on Wednesday, November 13th. Zacks Research analyst R. Department now forecasts that the semiconductor company will post earnings of $0.86 per share for the quarter, down from their previous forecast of $0.88. The consensus estimate for Lam Research’s current full-year earnings is $3.52 per share. Zacks Research also issued estimates for Lam Research’s Q1 2026 earnings at $0.97 EPS, Q2 2026 earnings at $1.01 EPS, FY2026 earnings at $4.08 EPS and FY2027 earnings at $4.73 EPS.

LRCX has been the subject of a number of other research reports. Mizuho lowered their target price on shares of Lam Research from $105.00 to $95.00 and set an “outperform” rating for the company in a report on Friday, September 20th. Citigroup dropped their price objective on Lam Research from $99.00 to $89.30 and set a “buy” rating for the company in a report on Monday, September 16th. Wells Fargo & Company decreased their target price on Lam Research from $88.00 to $85.00 and set an “equal weight” rating for the company in a research report on Thursday, October 24th. B. Riley reduced their price target on shares of Lam Research from $132.50 to $105.00 and set a “buy” rating on the stock in a research report on Wednesday, October 23rd. Finally, TD Cowen upped their price objective on shares of Lam Research from $100.00 to $105.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Seven analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $97.03.

Lam Research Stock Up 1.3 %

Shares of NASDAQ LRCX opened at $74.79 on Friday. The company has a current ratio of 2.53, a quick ratio of 1.74 and a debt-to-equity ratio of 0.53. The firm has a market capitalization of $96.23 billion, a PE ratio of 24.17, a price-to-earnings-growth ratio of 1.17 and a beta of 1.48. The firm’s 50-day moving average is $77.37 and its 200-day moving average is $88.21. Lam Research has a 1 year low of $68.72 and a 1 year high of $113.00.

Lam Research (NASDAQ:LRCX) last released its earnings results on Wednesday, October 23rd. The semiconductor company reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.05. The company had revenue of $4.17 billion during the quarter, compared to the consensus estimate of $4.06 billion. Lam Research had a return on equity of 50.60% and a net margin of 26.02%. The firm’s quarterly revenue was up 19.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $6.85 earnings per share.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in LRCX. CarsonAllaria Wealth Management Ltd. bought a new position in Lam Research in the 2nd quarter valued at about $32,000. RFP Financial Group LLC grew its position in shares of Lam Research by 52.2% in the second quarter. RFP Financial Group LLC now owns 35 shares of the semiconductor company’s stock valued at $37,000 after purchasing an additional 12 shares during the last quarter. Hobbs Group Advisors LLC acquired a new stake in Lam Research during the 2nd quarter worth approximately $40,000. Country Trust Bank bought a new stake in Lam Research in the 2nd quarter valued at $43,000. Finally, MFA Wealth Advisors LLC acquired a new position in Lam Research in the 2nd quarter valued at $45,000. 84.61% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Lam Research news, CAO Christina Correia sold 647 shares of the company’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $817.51, for a total value of $528,928.97. Following the sale, the chief accounting officer now owns 4,267 shares in the company, valued at $3,488,315.17. This represents a 13.17 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.29% of the stock is currently owned by insiders.

Lam Research Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 8th. Stockholders of record on Wednesday, December 11th will be paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date of this dividend is Wednesday, December 11th. Lam Research’s dividend payout ratio is currently 29.74%.

Lam Research Company Profile

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.