TD Cowen Forecasts Strong Price Appreciation for Lam Research (NASDAQ:LRCX) Stock

Lam Research (NASDAQ:LRCX) had its price target increased by research analysts at TD Cowen from $125.00 to $145.00 in a research report issued to clients and investors on Monday,MarketScreener reports. The brokerage currently has a “buy” rating on the semiconductor company’s stock. TD Cowen’s price objective points to a potential upside of 4.84% from the stock’s current price.

A number of other equities analysts also recently weighed in on LRCX. Stifel Nicolaus set a $135.00 price target on shares of Lam Research and gave the stock a “buy” rating in a research note on Monday. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Lam Research in a research note on Wednesday, October 8th. Barclays set a $83.00 price target on shares of Lam Research and gave the stock an “equal weight” rating in a research note on Monday, July 28th. Wall Street Zen raised shares of Lam Research from a “hold” rating to a “buy” rating in a research note on Saturday, October 4th. Finally, UBS Group raised their target price on shares of Lam Research from $95.00 to $120.00 and gave the company a “buy” rating in a research note on Monday, July 21st. Twenty-three research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $123.80.

Lam Research Stock Performance

NASDAQ:LRCX opened at $138.31 on Monday. The company has a quick ratio of 1.55, a current ratio of 2.21 and a debt-to-equity ratio of 0.38. The company has a market cap of $174.41 billion, a P/E ratio of 33.25, a P/E/G ratio of 1.67 and a beta of 1.84. Lam Research has a fifty-two week low of $56.32 and a fifty-two week high of $153.70. The firm’s 50 day moving average is $116.42 and its two-hundred day moving average is $95.48.

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

Insider Transactions at Lam Research

In related news, SVP Vahid Vahedi sold 52,190 shares of Lam Research stock in a transaction on Monday, October 13th. The shares were sold at an average price of $138.90, for a total transaction of $7,249,191.00. Following the sale, the senior vice president owned 251,047 shares of the company’s stock, valued at $34,870,428.30. The trade was a 17.21% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.31% of the stock is owned by company insiders.

Hedge Funds Weigh In On Lam Research

Several institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. grew its holdings in Lam Research by 1.1% during the 2nd quarter. Vanguard Group Inc. now owns 130,609,265 shares of the semiconductor company’s stock worth $12,713,506,000 after acquiring an additional 1,457,163 shares in the last quarter. State Street Corp grew its holdings in Lam Research by 1.1% during the 2nd quarter. State Street Corp now owns 59,551,547 shares of the semiconductor company’s stock worth $5,810,172,000 after acquiring an additional 629,666 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in Lam Research by 14.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 40,622,437 shares of the semiconductor company’s stock worth $3,954,188,000 after acquiring an additional 5,102,589 shares in the last quarter. Geode Capital Management LLC grew its holdings in Lam Research by 3.5% during the 2nd quarter. Geode Capital Management LLC now owns 33,802,736 shares of the semiconductor company’s stock worth $3,280,484,000 after acquiring an additional 1,135,405 shares in the last quarter. Finally, Norges Bank acquired a new position in Lam Research during the 2nd quarter worth $1,894,585,000. 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.