Erste Group Bank Forecasts Lam Research FY2028 Earnings

Lam Research Corporation (NASDAQ:LRCX) – Research analysts at Erste Group Bank issued their FY2028 EPS estimates for shares of Lam Research in a report released on Wednesday, August 5th. Erste Group Bank analyst S. Lingnau anticipates that the semiconductor company will post earnings of $11.43 per share for the year. The consensus estimate for Lam Research’s current full-year earnings is $9.32 per share.

Lam Research (NASDAQ:LRCX) last released its earnings results 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 31.27% and a return on equity of 67.60%. The business had revenue of $6.72 billion for the quarter, compared to the consensus estimate of $6.66 billion. During the same period in the previous year, the firm earned $1.33 EPS. The business’s revenue for the quarter was up 30.0% on a year-over-year basis. Lam Research has set its Q1 2027 guidance at 2.000-2.300 EPS.

Other equities research analysts also recently issued research reports about the company. Barclays reiterated an “overweight” rating and set a $335.00 price objective (up from $275.00) on shares of Lam Research in a research report on Thursday, June 11th. New Street Research boosted their target price on Lam Research from $235.00 to $280.00 and gave the stock a “neutral” rating in a research report on Monday, April 27th. Morgan Stanley reduced their target price on Lam Research from $404.00 to $367.00 and set an “overweight” rating for the company in a report on Thursday, July 30th. Sanford C. Bernstein increased their price target on Lam Research from $325.00 to $340.00 and gave the company an “outperform” rating in a research report on Thursday, May 21st. Finally, B. Riley Financial reduced their price objective on shares of Lam Research from $385.00 to $350.00 and set a “buy” rating for the company in a research note on Thursday, July 30th. One research analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, Lam Research presently has an average rating of “Moderate Buy” and an average price target of $358.47.

Lam Research Trading Up 1.6%

Shares of NASDAQ:LRCX opened at $311.41 on Monday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.91 and a current ratio of 2.63. The stock has a market capitalization of $389.67 billion, a price-to-earnings ratio of 54.06, a PEG ratio of 1.22 and a beta of 1.84. Lam Research has a 1-year low of $94.11 and a 1-year high of $438.50. The company has a 50 day moving average price of $339.22 and a 200 day moving average price of $281.21.

Hedge Funds Weigh In On Lam Research

Hedge funds have recently modified their holdings of the stock. Brighton Jones LLC grew its stake in Lam Research by 1,032.4% in the fourth quarter. Brighton Jones LLC now owns 14,189 shares of the semiconductor company’s stock valued at $1,025,000 after purchasing an additional 12,936 shares in the last quarter. Caxton Associates LLP purchased a new stake in shares of Lam Research during the 1st quarter worth about $239,000. Gabelli Funds LLC purchased a new stake in shares of Lam Research during the 2nd quarter worth about $253,000. NewEdge Advisors LLC lifted its holdings in shares of Lam Research by 2.7% during the 2nd quarter. NewEdge Advisors LLC now owns 100,528 shares of the semiconductor company’s stock valued at $9,785,000 after buying an additional 2,661 shares during the last quarter. Finally, Osterweis Capital Management Inc. lifted its holdings in shares of Lam Research by 5,206.7% during the 2nd quarter. Osterweis Capital Management Inc. now owns 796 shares of the semiconductor company’s stock valued at $77,000 after buying an additional 781 shares during the last quarter. 84.61% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Lam Research

In other Lam Research news, Director Eric Brandt sold 54,500 shares of the company’s stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $350.80, for a total value of $19,118,600.00. Following the transaction, the director owned 199,205 shares in the company, valued at approximately $69,881,114. This represents a 21.48% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Neil J. Fernandes sold 7,659 shares of the company’s stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $309.60, for a total transaction of $2,371,226.40. Following the completion of the transaction, the senior vice president owned 58,470 shares in the company, valued at approximately $18,102,312. This represents a 11.58% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 80,441 shares of company stock valued at $27,614,296 over the last three months. 0.31% of the stock is owned by corporate insiders.

Lam Research Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 8th. Stockholders of record on Wednesday, June 17th were issued a $0.26 dividend. The ex-dividend date was Wednesday, June 17th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.3%. Lam Research’s dividend payout ratio is currently 18.06%.

Key Stories Impacting Lam Research

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

• Positive Sentiment: Erste Group Bank raised its fiscal 2027 EPS estimate for Lam Research to $9.27 from $8.05, above the broader consensus of approximately $9.24. The increase reflects improving confidence in the company’s earnings outlook.
• Positive Sentiment: Lam Research received a Zacks Rank #1, or “Strong Buy,” as analysts cited improving earnings prospects. The upgrade may reinforce investor optimism following the company’s recent quarterly beat, when revenue rose 30% year over year and EPS exceeded expectations. Lam Research Upgraded to Strong Buy
• Positive Sentiment: AI-driven chip demand continues to support Lam Research and other semiconductor-equipment suppliers. Strong results and expected growth have led some coverage to recommend buying and holding LRCX. AI-Led Semiconductor Equipment Stocks
• Positive Sentiment: Lam Research is entering panel-level packaging, a developing market driven by larger and more complex AI chips. If adoption accelerates, the initiative could create a new growth avenue beyond its core wafer-fabrication equipment business. Lam Research Enters Panel-Level Packaging
• Neutral Sentiment: Coverage highlighting five questions from Lam Research’s latest earnings call may provide investors with additional insight into demand, margins and the company’s outlook, but no specific new catalyst was disclosed.
• Neutral Sentiment: Reported short interest was listed as zero shares, unchanged from the prior period. Because the figure appears anomalous, it provides no meaningful signal about short-selling pressure.
• Negative Sentiment: Lam Research disclosed risks associated with increasing reliance on AI tools, including possible operational disruptions, intellectual-property uncertainty and legal exposure. These issues could raise costs or create execution risks if not effectively managed. AI Reliance Risks for Lam Research
• Negative Sentiment: SpaceX’s planned Terrafab could eventually challenge the memory-chip dominance of Micron, SK Hynix and Samsung. The threat is primarily to memory manufacturers, but intensified competition could indirectly affect semiconductor-equipment demand and industry spending.

About Lam Research

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.