Lam Research (NASDAQ:LRCX) Rating Increased to Buy at Summit Insights

Summit Insights upgraded shares of Lam Research (NASDAQ:LRCX) from a hold rating to a buy rating in a research note released on Thursday morning, MarketBeat Ratings reports.

Several other brokerages have also recently commented on LRCX. Rothschild & Co Redburn upped their target price on Lam Research from $150.00 to $225.00 and gave the company a “buy” rating in a report on Tuesday, January 13th. Bank of America upped their price objective on shares of Lam Research from $195.00 to $245.00 and gave the company a “buy” rating in a research note on Tuesday, January 13th. Barclays set a $250.00 target price on shares of Lam Research in a research note on Thursday. Royal Bank Of Canada set a $260.00 price target on shares of Lam Research in a research report on Wednesday, January 14th. Finally, Stifel Nicolaus increased their price target on Lam Research from $160.00 to $250.00 and gave the stock a “buy” rating in a report on Wednesday, January 14th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $234.55.

Lam Research Stock Performance

Shares of Lam Research stock opened at $248.17 on Thursday. The stock has a market cap of $311.71 billion, a price-to-earnings ratio of 50.85, a P/E/G ratio of 3.03 and a beta of 1.77. Lam Research has a twelve month low of $56.32 and a twelve month high of $251.38. The company’s fifty day moving average is $185.48 and its 200 day moving average is $145.09. 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 (NASDAQ:LRCX) last announced its earnings results on Wednesday, January 28th. The semiconductor company reported $1.27 EPS for the quarter, topping the consensus estimate of $1.17 by $0.10. The firm had revenue of $5.34 billion for the quarter, compared to the consensus estimate of $5.23 billion. Lam Research had a return on equity of 63.28% and a net margin of 30.22%.The business’s quarterly revenue was up 22.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.91 EPS. Lam Research has set its Q3 2026 guidance at 1.250-1.450 EPS. Sell-side analysts forecast that Lam Research will post 3.71 EPS for the current year.

Lam Research Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 7th. Shareholders of record on Wednesday, December 3rd were issued a $0.26 dividend. The ex-dividend date was Wednesday, December 3rd. This represents a $1.04 annualized dividend and a yield of 0.4%. Lam Research’s dividend payout ratio is presently 21.31%.

Insider Activity at Lam Research

In other news, CFO Douglas R. Bettinger sold 40,080 shares of the business’s stock in a transaction that occurred on Friday, November 14th. The stock was sold at an average price of $150.60, for a total transaction of $6,036,048.00. Following the completion of the sale, the chief financial officer owned 987,237 shares in the company, valued at $148,677,892.20. The trade was a 3.90% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Bethany Mayer sold 1,298 shares of the stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $159.99, for a total value of $207,667.02. Following the completion of the transaction, the director 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 disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 41,408 shares of company stock valued at $6,248,501. Corporate insiders own 0.31% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. PMV Capital Advisers LLC bought a new stake in shares of Lam Research in the 4th quarter worth $25,000. Stance Capital LLC purchased a new position in Lam Research during the third quarter worth about $26,000. Triumph Capital Management bought a new stake in Lam Research in the 3rd quarter worth about $27,000. Harbor Investment Advisory LLC increased its stake in Lam Research by 73.9% in the 4th quarter. Harbor Investment Advisory LLC now owns 240 shares of the semiconductor company’s stock valued at $41,000 after buying an additional 102 shares during the last quarter. Finally, WealthCollab LLC lifted its position in shares of Lam Research by 29.3% during the 4th quarter. WealthCollab LLC now owns 243 shares of the semiconductor company’s stock worth $42,000 after buying an additional 55 shares in the last quarter. Institutional investors own 84.61% of the company’s stock.

Trending Headlines about Lam Research

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

• Positive Sentiment: Q2 results beat expectations — EPS $1.27 vs. $1.17 est., revenue $5.34B (+22% Y/Y); company issued stronger-than-expected Q3 revenue and EPS guidance. PR News Release
• Positive Sentiment: Management pointed to robust AI-driven demand and higher bookings, prompting commentary that the quarter was “extraordinarily bullish” from some outlets — supportive for near-term revenue visibility. Barron’s: Why Earnings Were ‘Extraordinarily Bullish’
• Positive Sentiment: Large wave of analyst price-target increases and upgrades after results (JPMorgan, Citi, UBS, Wells Fargo, Deutsche Bank, Stifel, Needham, TD Cowen, Summit upgrades), reflecting consensus optimism on demand and execution. Benzinga roundup of analyst boosts
• Positive Sentiment: High-profile bull commentary (Jim Cramer) highlighting structural shortage/strong demand for Lam’s tools — supports momentum and retail/institutional interest. InsiderMonkey: Jim Cramer on Lam Research
• Neutral Sentiment: Deep-dive coverage and investor takeaways highlight expansion plans and capex exposure as Lam scales production to meet wafer-equipment demand — positive for growth but capex cadence can fluctuate results. Yahoo Finance: LRCX Q4 Deep Dive
• Negative Sentiment: Valuation questions: coverage notes and some analysts caution about elevated multiples after the rally; Forbes flags the stock’s history of sharp pullbacks — risk of volatility despite strong results. Forbes: Record Highs May Face Reality Check
• Negative Sentiment: One analyst (Morgan Stanley) keeps an equal-weight rating with a lower target vs. several bullish upgrades — a reminder not all houses are uniformly bullish and limiting near-term upside for cautious funds. Benzinga: Morgan Stanley note

About Lam Research

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.