Lam Research FY2027 EPS Estimate Lifted by Erste Group Bank

Lam Research Corporation (NASDAQ:LRCX) – Analysts at Erste Group Bank increased their FY2027 earnings per share estimates for shares of Lam Research in a report released on Monday, July 27th. Erste Group Bank analyst S. Lingnau now anticipates that the semiconductor company will earn $8.05 per share for the year, up from their previous estimate of $7.98. Erste Group Bank currently has a “Hold” rating on the stock. The consensus estimate for Lam Research’s current full-year earnings is $5.68 per share.

LRCX has been the subject of several other reports. Raymond James Financial set a $425.00 price target on shares of Lam Research in a report on Wednesday, June 10th. Barclays reiterated an “overweight” rating and set a $335.00 price objective (up from $275.00) on shares of Lam Research in a research note on Thursday, June 11th. Susquehanna reissued a “positive” rating and issued a $475.00 target price (up from $385.00) on shares of Lam Research in a report on Tuesday, June 30th. HSBC restated a “hold” rating and issued a $333.00 target price on shares of Lam Research in a research note on Monday. Finally, JPMorgan Chase & Co. upped their target price on Lam Research from $300.00 to $315.00 and gave the company an “overweight” rating in a report on Thursday, April 23rd. One investment analyst has rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $364.04.

Lam Research Stock Down 6.4%

Shares of NASDAQ:LRCX opened at $252.35 on Thursday. The stock has a market capitalization of $315.58 billion, a price-to-earnings ratio of 47.61, a price-to-earnings-growth ratio of 1.60 and a beta of 1.80. Lam Research has a 1-year low of $90.93 and a 1-year high of $438.50. The company’s fifty day moving average is $341.14 and its two-hundred day moving average is $275.79. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.77 and a current ratio of 2.54.

Lam Research (NASDAQ:LRCX) last released its quarterly earnings data on Wednesday, July 29th. The semiconductor company reported $1.82 EPS for the quarter, topping analysts’ consensus estimates of $1.69 by $0.13. Lam Research had a net margin of 30.94% and a return on equity of 66.21%. The firm had revenue of $6.72 billion during the quarter, compared to the consensus estimate of $6.66 billion. During the same quarter in the previous year, the company posted $1.33 earnings per share. The firm’s revenue was up 30.0% on a year-over-year basis. Lam Research has set its Q1 2027 guidance at 2.000-2.300 EPS.

Lam Research Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 8th. Shareholders of record on Wednesday, June 17th were given a $0.26 dividend. The ex-dividend date was Wednesday, June 17th. This represents a $1.04 annualized dividend and a yield of 0.4%. Lam Research’s dividend payout ratio is 19.62%.

Insiders Place Their Bets

In other news, Director Abhijit Y. Talwalkar sold 18,282 shares of the business’s stock in a transaction that occurred on Monday, July 13th. The stock was sold at an average price of $335.00, for a total transaction of $6,124,470.00. Following the completion of the transaction, the director directly owned 87,142 shares in the company, valued at approximately $29,192,570. The trade was a 17.34% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Eric Brandt sold 54,500 shares of the stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $350.80, for a total value of $19,118,600.00. Following the completion of the transaction, the director directly owned 199,205 shares of the company’s stock, valued at $69,881,114. This trade represents a 21.48% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 98,611 shares of company stock worth $32,250,190. Insiders own 0.31% of the company’s stock.

Institutional Trading of Lam Research

Hedge funds have recently added to or reduced their stakes in the business. Bravera Wealth bought a new stake in shares of Lam Research during the second quarter valued at about $46,000. Cedar Mountain Advisors LLC lifted its holdings in Lam Research by 242.9% in the first quarter. Cedar Mountain Advisors LLC now owns 120 shares of the semiconductor company’s stock worth $26,000 after purchasing an additional 85 shares during the period. Vermillion Wealth Management Inc. bought a new position in Lam Research in the 1st quarter valued at about $26,000. Hughes Financial Services LLC grew its position in Lam Research by 54.9% in the 2nd quarter. Hughes Financial Services LLC now owns 141 shares of the semiconductor company’s stock valued at $61,000 after buying an additional 50 shares in the last quarter. Finally, Bayban acquired a new position in Lam Research during the 4th quarter valued at about $26,000. Institutional investors own 84.61% of the company’s stock.

More Lam Research News

Here are the key news stories impacting Lam Research this week:

• Positive Sentiment: Quarterly results exceeded expectations. Lam Research reported $6.72 billion in revenue for the quarter ended June 28, up 30% year over year and above the $6.66 billion consensus estimate. Non-GAAP earnings were $1.82 per share, beating expectations of $1.69 and rising from $1.33 a year earlier. Reuters article
• Positive Sentiment: Outlook was the key catalyst. Lam guided for fiscal first-quarter 2027 revenue of approximately $7.7 billion to $8.5 billion and EPS of $2.00 to $2.30. The midpoint of the revenue range is well above the roughly $7.0 billion analyst estimate, while the EPS midpoint also exceeds the $1.81 consensus. Lam Research financial results
• Positive Sentiment: AI infrastructure spending is supporting demand. Management and analysts highlighted robust orders for semiconductor manufacturing equipment as customers expand advanced-chip and memory capacity for artificial-intelligence data centers. The company’s record quarterly revenue and raised outlook suggest that AI-related capital spending is translating into near-term sales. Lam Research AI demand article
• Neutral Sentiment: Investors remain focused on execution and valuation. LRCX has strong profitability, including a reported 30.94% net margin and 66.21% return on equity, but its elevated valuation and high beta leave the stock sensitive to changes in semiconductor spending expectations.
• Negative Sentiment: China and macroeconomic risks remain overhangs. Recent concerns about China’s developing lithography capabilities, potential changes in China-related equipment demand, tighter Federal Reserve expectations, geopolitical tensions and a broader semiconductor pullback could create volatility despite the favorable earnings report. China lithography and semiconductor sentiment article

Lam Research Company Profile

Lam Research Corporation (NASDAQ: LRCX) is a global supplier of wafer fabrication equipment and services to the semiconductor industry. Founded in 1980 by David K. Lam and headquartered in Fremont, California, the company develops and manufactures systems used in multiple stages of semiconductor device production, including thin film deposition, plasma etch, wafer cleaning and related process modules and automation.

Lam’s product portfolio covers core process technologies employed by logic and memory manufacturers, with equipment designed to support advanced-node patterning, 3D NAND and other emerging device architectures.