B. Riley Has Negative Outlook for Lam Research Q4 Earnings

Lam Research Co. (NASDAQ:LRCX) – B. Riley cut their Q4 2025 earnings per share (EPS) estimates for shares of Lam Research in a report issued on Thursday, January 30th. B. Riley analyst C. Ellis now forecasts that the semiconductor company will post earnings of $0.89 per share for the quarter, down from their prior estimate of $0.91. B. Riley currently has a “Buy” rating and a $105.00 price objective on the stock. The consensus estimate for Lam Research’s current full-year earnings is $3.51 per share. B. Riley also issued estimates for Lam Research’s Q1 2026 earnings at $0.82 EPS.

Lam Research (NASDAQ:LRCX) last posted its quarterly earnings data on Wednesday, January 29th. The semiconductor company reported $0.91 EPS for the quarter, beating analysts’ consensus estimates of $0.87 by $0.04. Lam Research had a net margin of 26.49% and a return on equity of 52.58%.

A number of other research analysts also recently issued reports on LRCX. Wolfe Research downgraded shares of Lam Research from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, January 15th. Barclays reduced their target price on Lam Research from $90.00 to $75.00 and set an “equal weight” rating for the company in a research note on Friday, January 17th. BNP Paribas raised Lam Research to a “hold” rating in a research note on Thursday, October 24th. Morgan Stanley boosted their price objective on Lam Research from $76.00 to $78.00 and gave the company an “equal weight” rating in a report on Thursday, December 5th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $90.00 price target on shares of Lam Research in a research report on Thursday. Seven investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $95.72.

Lam Research Stock Performance

LRCX stock opened at $80.73 on Friday. The firm has a market cap of $103.87 billion, a PE ratio of 24.52, a price-to-earnings-growth ratio of 1.38 and a beta of 1.45. Lam Research has a 1-year low of $68.87 and a 1-year high of $113.00. The stock has a 50-day moving average price of $75.72 and a 200-day moving average price of $78.93. The company has a current ratio of 2.53, a quick ratio of 1.74 and a debt-to-equity ratio of 0.53.

Lam Research Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Wednesday, December 11th were given a dividend of $0.23 per share. The ex-dividend date of this dividend was Wednesday, December 11th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.14%. Lam Research’s dividend payout ratio (DPR) is currently 27.95%.

Institutional Trading of Lam Research

Large investors have recently modified their holdings of the business. Atwood & Palmer Inc. purchased a new position in Lam Research in the fourth quarter worth $27,000. West Oak Capital LLC boosted its holdings in shares of Lam Research by 50.9% in the 4th quarter. West Oak Capital LLC now owns 400 shares of the semiconductor company’s stock worth $29,000 after purchasing an additional 135 shares in the last quarter. Country Trust Bank increased its position in shares of Lam Research by 900.0% during the 4th quarter. Country Trust Bank now owns 400 shares of the semiconductor company’s stock valued at $29,000 after purchasing an additional 360 shares during the last quarter. Finley Financial LLC purchased a new position in shares of Lam Research during the 4th quarter valued at about $30,000. Finally, Stephens Consulting LLC boosted its stake in Lam Research by 900.0% in the fourth quarter. Stephens Consulting LLC now owns 430 shares of the semiconductor company’s stock worth $31,000 after buying an additional 387 shares in the last quarter. Institutional investors own 84.61% of the company’s stock.

About Lam Research

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.