Lam Research (NASDAQ:LRCX) Stock Price Expected to Rise, The Goldman Sachs Group Analyst Says

Lam Research (NASDAQ:LRCX) had its price objective boosted by The Goldman Sachs Group from $115.00 to $160.00 in a report issued on Wednesday, Marketbeat reports. The firm presently has a “buy” rating on the semiconductor company’s stock. The Goldman Sachs Group’s price target would suggest a potential upside of 13.48% from the company’s previous close.

Other analysts have also recently issued reports about the company. Wall Street Zen raised Lam Research from a “hold” rating to a “buy” rating in a research report on Saturday, October 4th. HSBC set a $127.00 price objective on Lam Research and gave the company a “hold” rating in a research report on Tuesday, September 30th. Mizuho lifted their price objective on Lam Research from $120.00 to $130.00 and gave the company an “outperform” rating in a research report on Friday, September 12th. B. Riley lifted their price objective on Lam Research from $130.00 to $160.00 and gave the company a “buy” rating in a research report on Wednesday, September 24th. Finally, Wells Fargo & Company lifted their price objective on Lam Research from $98.00 to $135.00 and gave the company an “equal weight” rating in a research report on Thursday, October 2nd. Twenty-three research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat, Lam Research has a consensus rating of “Moderate Buy” and a consensus target price of $121.00.

Lam Research Stock Down 1.1%

NASDAQ LRCX opened at $141.00 on Wednesday. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.21 and a quick ratio of 1.55. The stock has a market capitalization of $177.81 billion, a PE ratio of 33.89, a PEG ratio of 1.74 and a beta of 1.84. Lam Research has a 1 year low of $56.32 and a 1 year high of $153.70. The business’s 50-day moving average is $114.10 and its 200 day moving average is $94.09.

Lam Research (NASDAQ:LRCX) last posted its earnings results on Wednesday, July 30th. The semiconductor company reported $1.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.21 by $0.12. The company had revenue of $5.17 billion for the quarter, compared to analysts’ expectations of $4.99 billion. Lam Research had a return on equity of 58.17% and a net margin of 29.07%.Lam Research’s quarterly revenue was up 33.6% on a year-over-year basis. During the same period last year, the firm earned $1.03 earnings per share. Lam Research has set its Q1 2026 guidance at 1.100-1.300 EPS. Sell-side analysts forecast that Lam Research will post 3.71 earnings per share for the current year.

Hedge Funds Weigh In On Lam Research

A number of hedge funds have recently added to or reduced their stakes in LRCX. Brighton Jones LLC raised 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 worth $1,025,000 after acquiring an additional 12,936 shares during the last quarter. UMB Bank n.a. bought a new stake in Lam Research in the 1st quarter worth approximately $357,000. Portside Wealth Group LLC bought a new stake in Lam Research in the 1st quarter worth approximately $285,000. Farther Finance Advisors LLC grew its position in Lam Research by 47.3% in the 1st quarter. Farther Finance Advisors LLC now owns 21,765 shares of the semiconductor company’s stock worth $1,585,000 after purchasing an additional 6,992 shares during the period. Finally, Pallas Capital Advisors LLC bought a new stake in Lam Research in the 1st quarter worth approximately $504,000. 84.61% of the stock is currently owned by hedge funds and other institutional investors.

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.