Zacks Research Raises Earnings Estimates for Lam Research

Lam Research Corporation (NASDAQ:LRCX) – Equities research analysts at Zacks Research lifted their Q4 2026 earnings per share estimates for Lam Research in a research note issued to investors on Wednesday, August 20th. Zacks Research analyst Team now anticipates that the semiconductor company will earn $1.04 per share for the quarter, up from their prior forecast of $1.02. The consensus estimate for Lam Research’s current full-year earnings is $3.71 per share. Zacks Research also issued estimates for Lam Research’s FY2028 earnings at $5.43 EPS.

LRCX has been the subject of several other reports. KeyCorp increased their price objective on Lam Research from $105.00 to $115.00 and gave the stock an “overweight” rating in a report on Tuesday, July 15th. Mizuho increased their target price on shares of Lam Research from $115.00 to $120.00 and gave the stock an “outperform” rating in a research report on Friday, August 1st. B. Riley reaffirmed a “buy” rating and issued a $115.00 price target (up from $95.00) on shares of Lam Research in a research report on Wednesday, June 18th. Raymond James Financial raised their price target on Lam Research from $90.00 to $110.00 and gave the company an “outperform” rating in a research report on Thursday, July 31st. Finally, Oppenheimer lifted their target price on Lam Research from $110.00 to $120.00 and gave the stock an “outperform” rating in a research report on Thursday, July 31st. Twenty analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, Lam Research currently has a consensus rating of “Moderate Buy” and an average target price of $107.30.

Lam Research Price Performance

LRCX opened at $100.08 on Friday. The company has a quick ratio of 1.55, a current ratio of 2.21 and a debt-to-equity ratio of 0.38. Lam Research has a 12-month low of $56.32 and a 12-month high of $108.02. The stock has a fifty day moving average of $98.41 and a 200-day moving average of $84.59. The firm has a market capitalization of $126.66 billion, a P/E ratio of 24.06, a PEG ratio of 1.28 and a beta of 1.65.

Lam Research (NASDAQ:LRCX) last released its earnings results on Wednesday, July 30th. The semiconductor company reported $1.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.21 by $0.12. The company had revenue of $5.17 billion during the quarter, compared to analyst estimates of $4.99 billion. Lam Research had a return on equity of 58.17% and a net margin of 29.07%.The company’s revenue for the quarter was up 33.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.03 earnings per share. Lam Research has set its Q1 2026 guidance at 1.100-1.300 EPS.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Ameriprise Financial Inc. grew its holdings in shares of Lam Research by 950.5% in the 4th quarter. Ameriprise Financial Inc. now owns 34,543,915 shares of the semiconductor company’s stock worth $2,495,128,000 after purchasing an additional 31,255,726 shares during the last quarter. Norges Bank bought a new position in Lam Research during the 2nd quarter valued at about $1,894,585,000. Northern Trust Corp boosted its position in Lam Research by 1,067.0% in the fourth quarter. Northern Trust Corp now owns 15,869,244 shares of the semiconductor company’s stock valued at $1,146,235,000 after buying an additional 14,509,407 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Lam Research by 6,383.5% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 13,574,691 shares of the semiconductor company’s stock worth $980,500,000 after buying an additional 13,365,317 shares during the last quarter. Finally, Janus Henderson Group PLC acquired a new stake in shares of Lam Research during the fourth quarter worth approximately $792,161,000. 84.61% of the stock is currently owned by institutional investors and hedge funds.

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.