Lam Research (NASDAQ:LRCX) Lowered to Hold Rating by Wall Street Zen

Lam Research (NASDAQ:LRCX) was downgraded by equities researchers at Wall Street Zen from a “buy” rating to a “hold” rating in a note issued to investors on Saturday.

A number of other analysts have also recently issued reports on the stock. Oppenheimer lifted their target price on shares of Lam Research from $110.00 to $120.00 and gave the company an “outperform” rating in a research note on Thursday, July 31st. KeyCorp lifted their target price on shares of Lam Research from $105.00 to $115.00 and gave the company an “overweight” rating in a research note on Tuesday, July 15th. Erste Group Bank assumed coverage on shares of Lam Research in a research note on Thursday, August 14th. They issued a “buy” rating for the company. Argus lifted their target price on shares of Lam Research from $105.00 to $120.00 and gave the company a “buy” rating in a research note on Friday, August 1st. Finally, TD Cowen boosted their price objective on shares of Lam Research from $100.00 to $125.00 and gave the stock a “buy” rating in a research note on Thursday, July 31st. Twenty research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Lam Research has an average rating of “Moderate Buy” and an average target price of $107.96.

Lam Research Stock Up 0.5%

LRCX stock opened at $126.92 on Friday. Lam Research has a 52 week low of $56.32 and a 52 week high of $128.70. The company has a market capitalization of $160.05 billion, a price-to-earnings ratio of 30.51, a price-to-earnings-growth ratio of 1.62 and a beta of 1.76. The firm’s 50-day moving average is $103.36 and its two-hundred day moving average is $88.26. The company has a current ratio of 2.21, a quick ratio of 1.55 and a debt-to-equity ratio of 0.38.

Lam Research (NASDAQ:LRCX) last released its quarterly earnings results on Wednesday, July 30th. The semiconductor company reported $1.33 EPS for the quarter, topping analysts’ consensus estimates of $1.21 by $0.12. Lam Research had a net margin of 29.07% and a return on equity of 58.17%. The company 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 firm earned $1.03 EPS. Lam Research’s revenue was up 33.6% on a year-over-year basis. Lam Research has set its Q1 2026 guidance at 1.100-1.300 EPS. On average, analysts forecast that Lam Research will post 3.71 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Lam Research

Several institutional investors and hedge funds have recently bought and sold shares of LRCX. Brighton Jones LLC increased its holdings in Lam Research by 1,032.4% in the 4th quarter. Brighton Jones LLC now owns 14,189 shares of the semiconductor company’s stock valued at $1,025,000 after buying an additional 12,936 shares during the period. Waverly Advisors LLC increased its holdings in Lam Research by 1,190.6% in the 4th quarter. Waverly Advisors LLC now owns 7,253 shares of the semiconductor company’s stock valued at $524,000 after buying an additional 6,691 shares during the period. Continuum Advisory LLC bought a new stake in Lam Research in the 4th quarter valued at $65,000. Focus Partners Advisor Solutions LLC grew its holdings in shares of Lam Research by 4,087.3% in the 4th quarter. Focus Partners Advisor Solutions LLC now owns 11,850 shares of the semiconductor company’s stock worth $856,000 after purchasing an additional 11,567 shares during the last quarter. Finally, Vise Technologies Inc. bought a new stake in shares of Lam Research in the 4th quarter worth about $1,566,000. 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.