Lam Research (NASDAQ:LRCX) Given New $245.00 Price Target at Bank of America

Lam Research (NASDAQ:LRCX) had its price target lifted by Bank of America from $195.00 to $245.00 in a research note published on Tuesday morning,Benzinga reports. The firm currently has a buy rating on the semiconductor company’s stock.

LRCX has been the subject of several other reports. Jefferies Financial Group reiterated a “buy” rating and issued a $200.00 target price (up from $175.00) on shares of Lam Research in a report on Monday, December 15th. BNP Paribas Exane lifted their price objective on shares of Lam Research from $80.00 to $140.00 and gave the stock a “neutral” rating in a research report on Thursday, October 23rd. Rothschild & Co Redburn boosted their target price on shares of Lam Research from $140.00 to $150.00 and gave the company a “buy” rating in a research note on Tuesday, October 14th. JPMorgan Chase & Co. raised their target price on Lam Research from $113.00 to $165.00 and gave the stock an “overweight” rating in a research report on Thursday, October 23rd. Finally, Cowen reiterated a “buy” rating on shares of Lam Research in a report on Thursday, October 23rd. Twenty-six research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat, Lam Research has an average rating of “Moderate Buy” and an average target price of $172.87.

Lam Research Stock Performance

Shares of NASDAQ LRCX opened at $214.38 on Tuesday. The stock’s fifty day simple moving average is $168.35 and its 200 day simple moving average is $135.02. The stock has a market capitalization of $269.27 billion, a price-to-earnings ratio of 47.22, a PEG ratio of 2.54 and a beta of 1.77. The company has a quick ratio of 1.60, a current ratio of 2.21 and a debt-to-equity ratio of 0.37. Lam Research has a 52-week low of $56.32 and a 52-week high of $222.58.

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

Lam Research Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 7th. Shareholders of record on Wednesday, December 3rd were paid a $0.26 dividend. The ex-dividend date was Wednesday, December 3rd. This represents a $1.04 dividend on an annualized basis and a yield of 0.5%. Lam Research’s payout ratio is 22.91%.

Insiders Place Their Bets

In related news, CFO Douglas R. Bettinger sold 40,080 shares of the stock in a transaction that occurred on Friday, November 14th. The stock was sold at an average price of $150.60, for a total value of $6,036,048.00. Following the transaction, the chief financial officer owned 987,237 shares in the company, valued at approximately $148,677,892.20. This represents a 3.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Ava Harter sold 9,010 shares of the firm’s stock in a transaction that occurred on Monday, October 27th. The shares were 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 approximately $8,942,091.42. The trade was a 13.69% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 50,418 shares of company stock valued at $7,667,305 in the last three months. Insiders own 0.31% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Abound Wealth Management boosted its holdings in Lam Research by 6.9% in the fourth quarter. Abound Wealth Management now owns 931 shares of the semiconductor company’s stock worth $159,000 after purchasing an additional 60 shares in the last quarter. Gryphon Financial Partners LLC lifted its position in shares of Lam Research by 4.0% in the fourth quarter. Gryphon Financial Partners LLC now owns 1,752 shares of the semiconductor company’s stock worth $300,000 after buying an additional 68 shares during the last quarter. Gilliland Jeter Wealth Management LLC boosted its stake in shares of Lam Research by 0.3% during the 3rd quarter. Gilliland Jeter Wealth Management LLC now owns 26,501 shares of the semiconductor company’s stock worth $3,548,000 after acquiring an additional 69 shares in the last quarter. Gold Investment Management Ltd. increased its holdings in shares of Lam Research by 0.5% during the 3rd quarter. Gold Investment Management Ltd. now owns 14,736 shares of the semiconductor company’s stock valued at $1,973,000 after acquiring an additional 70 shares during the last quarter. Finally, Rosenberg Matthew Hamilton raised its stake in shares of Lam Research by 8.1% in the 4th quarter. Rosenberg Matthew Hamilton now owns 939 shares of the semiconductor company’s stock valued at $161,000 after acquiring an additional 70 shares in the last quarter. Institutional investors and hedge funds own 84.61% of the company’s stock.

Key Stories Impacting Lam Research

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

• Positive Sentiment: Bank of America raised its price target on LRCX from $195 to $245 and reiterated a “buy” rating, giving the shares fresh analyst-driven upside potential. Read More.
• Positive Sentiment: Analysts expect double-digit earnings growth for Lam’s upcoming quarter, reflecting continued strength in the semiconductor equipment cycle and supporting near-term revenue and margin improvement expectations. Read More.
• Positive Sentiment: Coverage noting Lam hit a 52-week high highlights strong 2025 performance and investor momentum that can sustain further inflows if fundamentals keep improving. Read More.
• Neutral Sentiment: Trade-strategy pieces (Forbes) discuss option/positioning ideas near the highs — useful for traders but not a direct fundamental catalyst. Read More.
• Neutral Sentiment: Macro/market roundups and comparisons to other chip-equipment names frame Lam as a top performer in 2025; helpful context but diffuse impact on immediate price. Read More.
• Neutral Sentiment: Reported short-interest data in recent filings is ambiguous (zeros/NaN in the summary), so there’s no clear short squeeze signal driving today’s moves. (Internal short-interest summary)
• Negative Sentiment: Zacks flagged that Lam’s intraday decline outpaced the broader market, suggesting profit-taking or rotation after the run-up to the 52-week high. Read More.
• Negative Sentiment: Jim Cramer and others have warned Lam may need to “put up plants” — a reminder that future growth could require heavy capital spending and longer lead times, which raises execution and capex risk for some investors. Read More.

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.