Lam Research (LRCX) Projected to Post Earnings on Wednesday

Lam Research (NASDAQ:LRCX) is projected to post its quarterly earnings results after the market closes on Wednesday, January 29th. Analysts expect Lam Research to post earnings of $0.87 per share and revenue of $4,317,573.71 billion for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

Lam Research Price Performance

Shares of LRCX opened at $75.64 on Tuesday. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.53 and a quick ratio of 1.74. Lam Research has a 1-year low of $68.87 and a 1-year high of $113.00. The stock has a market cap of $97.32 billion, a PE ratio of 24.45, a price-to-earnings-growth ratio of 1.53 and a beta of 1.45. The firm has a fifty day moving average price of $75.43 and a 200 day moving average price of $79.63.

Lam Research Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Wednesday, December 11th were issued a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 1.22%. The ex-dividend date of this dividend was Wednesday, December 11th. Lam Research’s payout ratio is currently 29.77%.

Wall Street Analyst Weigh In

LRCX has been the topic of several research analyst reports. Stifel Nicolaus reaffirmed a “buy” rating and set a $100.00 price target (down previously from $105.00) on shares of Lam Research in a research report on Thursday, October 24th. Morgan Stanley lifted their target price on shares of Lam Research from $76.00 to $78.00 and gave the company an “equal weight” rating in a report on Thursday, December 5th. Sanford C. Bernstein decreased their price target on shares of Lam Research from $95.00 to $85.00 and set a “market perform” rating for the company in a research note on Friday, November 29th. StockNews.com lowered shares of Lam Research from a “buy” rating to a “hold” rating in a research note on Friday, October 11th. Finally, BNP Paribas upgraded shares of Lam Research to a “hold” rating in a research note on Thursday, October 24th. Nine research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $95.77.

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.