Lam Research (NASDAQ:LRCX) Reaches New 12-Month High After Analyst Upgrade

Lam Research Corporation (NASDAQ:LRCX)’s stock price hit a new 52-week high during trading on Friday after Deutsche Bank Aktiengesellschaft raised their price target on the stock from $160.00 to $195.00. Deutsche Bank Aktiengesellschaft currently has a buy rating on the stock. Lam Research traded as high as $171.64 and last traded at $170.8290, with a volume of 2926519 shares changing hands. The stock had previously closed at $164.70.

Several other research firms have also recently weighed in on LRCX. Barclays set a $142.00 target price on Lam Research and gave the company an “equal weight” rating in a research note on Monday, October 20th. Berenberg Bank boosted their price objective on shares of Lam Research from $122.00 to $165.00 and gave the company a “buy” rating in a research report on Thursday, October 23rd. Oppenheimer set a $200.00 price objective on shares of Lam Research and gave the company an “outperform” rating in a research note on Thursday, October 23rd. B. Riley increased their target price on shares of Lam Research from $180.00 to $195.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, Zacks Research cut shares of Lam Research from a “strong-buy” rating to a “hold” rating in a report on Monday, November 24th. Twenty-six investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $160.37.

Insider Buying and Selling at Lam Research

In related news, Director Bethany Mayer sold 1,298 shares of the company’s stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $159.99, for a total value of $207,667.02. Following the completion of the sale, the director directly owned 1,652 shares in the company, valued at approximately $264,303.48. This represents a 44.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Ava Harter sold 9,010 shares of the stock in a transaction on Monday, October 27th. The stock was sold at an average price of $157.47, for a total transaction of $1,418,804.70. Following the transaction, the insider directly owned 56,786 shares in the company, valued at $8,942,091.42. The trade was a 13.69% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 102,608 shares of company stock worth $14,916,496. Company insiders own 0.31% of the company’s stock.

Key Stores Impacting Lam Research

Here are the key news stories impacting Lam Research this week:

• Positive Sentiment: Multiple sell‑side upgrades and price‑target increases from major firms lift sentiment and implied upside — B. Riley raised its target to $195 and maintained a buy rating. Article Title
• Positive Sentiment: Deutsche Bank raised its target to $195 and reiterated a buy, citing stronger forward visibility; that adds another institutional vote of confidence. Article Title
• Positive Sentiment: Mizuho lifted its price target to $200 from $170, maintaining an outperform view — another sizable increase that signals analysts expect stronger 2026 demand. Article Title
• Positive Sentiment: Coverage roundup: three firms turned bullish on LRCX today, a concentrated shift that drove short‑term buying interest. Article Title
• Positive Sentiment: Technical momentum: LRCX just flashed a golden‑cross (longer MA crossing above shorter MA) and cleared the 20‑day moving average — a buy signal that attracts momentum traders. Article Title
• Positive Sentiment: Investor recognition: IBD named Lam an “IBD Stock of the Day” and noted all‑time high momentum tied to 2026 prospects, which can attract retail inflows. Article Title
• Neutral Sentiment: Analysis pieces and price‑range summaries reflect consensus views and model updates (price forecasts shown from ~$175 to $210) — useful context but not a direct catalyst on its own. Article Title
• Neutral Sentiment: Feature coverage (Forbes) reviews the drivers behind today’s move and the 2026 thesis; good background for investors but largely descriptive. Article Title
• Neutral Sentiment: Corporate/community items (annual collegiate challenge winners) are positive PR but unlikely to move the stock materially. Article Title

Institutional Investors Weigh In On Lam Research

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. AIA Group Ltd grew its holdings in Lam Research by 197.6% during the third quarter. AIA Group Ltd now owns 32,857 shares of the semiconductor company’s stock valued at $4,400,000 after purchasing an additional 21,818 shares during the last quarter. Keel Point LLC boosted its holdings in shares of Lam Research by 4.9% during the 3rd quarter. Keel Point LLC now owns 8,593 shares of the semiconductor company’s stock worth $1,151,000 after buying an additional 399 shares during the period. FNY Investment Advisers LLC boosted its holdings in shares of Lam Research by 830.5% during the 3rd quarter. FNY Investment Advisers LLC now owns 9,947 shares of the semiconductor company’s stock worth $1,331,000 after buying an additional 8,878 shares during the period. Hudson Bay Capital Management LP grew its stake in Lam Research by 3,594.0% in the 3rd quarter. Hudson Bay Capital Management LP now owns 174,700 shares of the semiconductor company’s stock valued at $23,392,000 after buying an additional 179,700 shares during the last quarter. Finally, CTC Alternative Strategies Ltd. bought a new position in Lam Research in the 3rd quarter worth $388,000. 84.61% of the stock is currently owned by institutional investors and hedge funds.

Lam Research Stock Performance

The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.60 and a current ratio of 2.21. The stock’s 50-day simple moving average is $154.83 and its two-hundred day simple moving average is $122.80. The stock has a market cap of $216.38 billion, a price-to-earnings ratio of 37.95, a price-to-earnings-growth ratio of 1.69 and a beta of 1.77.

Lam Research (NASDAQ:LRCX) last issued its quarterly earnings results on Wednesday, October 22nd. The semiconductor company reported $1.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.22 by $0.04. Lam Research had a return on equity of 60.60% and a net margin of 29.66%.The company had revenue of $5.32 billion for the quarter, compared to the consensus estimate of $5.23 billion. During the same period last year, the business posted $0.86 earnings per share. The firm’s revenue was up 27.7% compared to the same quarter last year. Lam Research has set its Q2 2026 guidance at 1.050-1.250 EPS. Analysts forecast that Lam Research Corporation will post 3.71 earnings per share for the current year.

Lam Research Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 7th. Stockholders of record on Wednesday, December 3rd will be given a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend is Wednesday, December 3rd. Lam Research’s dividend payout ratio is currently 22.91%.

Lam Research Company Profile

Lam Research Corporation (NASDAQ: LRCX) is a global supplier of wafer fabrication equipment and services to the semiconductor industry. Founded in 1980 by David K. Lam and headquartered in Fremont, California, the company develops and manufactures systems used in multiple stages of semiconductor device production, including thin film deposition, plasma etch, wafer cleaning and related process modules and automation.

Lam’s product portfolio covers core process technologies employed by logic and memory manufacturers, with equipment designed to support advanced-node patterning, 3D NAND and other emerging device architectures.