B. Riley Predicts Lam Research’s Q2 Earnings (NASDAQ:LRCX)

by · The Cerbat Gem

Lam Research Corporation (NASDAQ:LRCX – Free Report) – Analysts at B. Riley increased their Q2 2026 earnings per share (EPS) estimates for Lam Research in a research note issued on Thursday, July 31st. B. Riley analyst C. Ellis now forecasts that the semiconductor company will earn $1.06 per share for the quarter, up from their prior estimate of $0.94. B. Riley currently has a “Buy” rating and a $115.00 target price on the stock. The consensus estimate for Lam Research’s current full-year earnings is $3.71 per share. B. Riley also issued estimates for Lam Research’s Q3 2026 earnings at $1.02 EPS and Q4 2026 earnings at $1.07 EPS.

LRCX has been the subject of several other reports. Needham & Company LLC increased their price objective on shares of Lam Research from $110.00 to $115.00 and gave the company a “buy” rating in a research report on Thursday, July 31st. Wells Fargo & Company set a $98.00 price target on shares of Lam Research and gave the company an “equal weight” rating in a research note on Thursday, July 31st. Summit Insights downgraded shares of Lam Research from a “buy” rating to a “hold” rating in a research note on Thursday, July 31st. Barclays set a $83.00 target price on Lam Research and gave the company an “equal weight” rating in a research report on Monday, July 28th. Finally, TD Securities reduced their target price on Lam Research from $110.00 to $100.00 and set a “buy” rating for the company in a research note on Thursday, April 24th. Seven analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $107.09.

Get Our Latest Report on Lam Research

Lam Research Price Performance

Shares of NASDAQ LRCX opened at $96.68 on Monday. Lam Research has a fifty-two week low of $56.32 and a fifty-two week high of $102.59. The company has a market cap of $123.67 billion, a PE ratio of 23.24, a P/E/G ratio of 1.29 and a beta of 1.65. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.55 and a current ratio of 2.21. The business has a 50-day simple moving average of $94.56 and a two-hundred day simple moving average of $82.67.

Lam Research (NASDAQ:LRCX – Get Free Report) last announced its earnings results on Wednesday, July 30th. The semiconductor company reported $1.33 earnings per share for the quarter, topping the consensus estimate of $1.21 by $0.12. Lam Research had a return on equity of 58.17% and a net margin of 29.07%. The firm had revenue of $5.17 billion for the quarter, compared to the consensus estimate of $4.99 billion. During the same period in the previous year, the business earned $1.03 EPS. The firm’s revenue for the quarter was up 33.6% on a year-over-year basis.

Lam Research Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 9th. Stockholders of record on Wednesday, June 18th were given a dividend of $0.23 per share. The ex-dividend date was Wednesday, June 18th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.0%. Lam Research’s dividend payout ratio (DPR) is 22.12%.

Hedge Funds Weigh In On Lam Research

Several institutional investors and hedge funds have recently modified their holdings of LRCX. BankPlus Wealth Management LLC boosted its holdings in Lam Research by 2.0% during the second quarter. BankPlus Wealth Management LLC now owns 5,248 shares of the semiconductor company’s stock worth $511,000 after buying an additional 105 shares in the last quarter. ORG Partners LLC lifted its position in shares of Lam Research by 7.3% during the 2nd quarter. ORG Partners LLC now owns 1,676 shares of the semiconductor company’s stock valued at $162,000 after acquiring an additional 114 shares during the period. Quotient Wealth Partners LLC lifted its position in shares of Lam Research by 2.1% during the 2nd quarter. Quotient Wealth Partners LLC now owns 5,437 shares of the semiconductor company’s stock valued at $529,000 after acquiring an additional 114 shares during the period. Fairvoy Private Wealth LLC boosted its stake in shares of Lam Research by 3.0% during the 2nd quarter. Fairvoy Private Wealth LLC now owns 4,185 shares of the semiconductor company’s stock worth $407,000 after acquiring an additional 120 shares in the last quarter. Finally, Rosenberg Matthew Hamilton grew its holdings in shares of Lam Research by 16.0% in the 2nd quarter. Rosenberg Matthew Hamilton now owns 869 shares of the semiconductor company’s stock worth $85,000 after acquiring an additional 120 shares during the period. Hedge funds and other institutional investors own 84.61% of the company’s stock.

Lam Research Company Profile

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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.

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