Lam Research (NASDAQ:LRCX) Trading 1.7% Higher Following Analyst Upgrade

Lam Research Corporation (NASDAQ:LRCX) traded up 1.7% during mid-day trading on Monday after New Street Research raised their price target on the stock from $195.00 to $235.00. New Street Research currently has a neutral rating on the stock. Lam Research traded as high as $242.95 and last traded at $237.50. 13,187,681 shares traded hands during trading, a decline of 6% from the average session volume of 13,995,733 shares. The stock had previously closed at $233.46.

Other equities research analysts have also recently issued research reports about the stock. TD Cowen upped their price objective on shares of Lam Research from $170.00 to $290.00 and gave the stock a “buy” rating in a report on Thursday, January 29th. Needham & Company LLC lifted their target price on shares of Lam Research from $250.00 to $300.00 and gave the stock a “buy” rating in a research report on Thursday, January 29th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $290.00 price target (up previously from $260.00) on shares of Lam Research in a research report on Thursday. HSBC raised their target price on Lam Research from $181.00 to $221.00 and gave the stock a “hold” rating in a report on Friday. Finally, Citic Securities upped their price target on shares of Lam Research from $165.00 to $275.00 and gave the stock a “buy” rating in a research report on Friday. One investment analyst has rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, Lam Research currently has a consensus rating of “Moderate Buy” and an average target price of $238.32.

Insider Transactions at Lam Research

In other Lam Research news, CFO Douglas R. Bettinger sold 40,080 shares of the company’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 sale, the chief financial officer directly owned 987,237 shares in the company, valued at $148,677,892.20. This represents a 3.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. 0.31% of the stock is currently owned by company insiders.

Key Headlines Impacting Lam Research

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

• Positive Sentiment: Lam announced a multi‑year R&D collaboration with CEA‑Leti to accelerate pathfinding of new materials and processes for specialty technologies (MEMS, sensors, power/RF, photonics/MicroLED, optical interconnects) — a move that supports AI and edge-device demand and extends Lam’s addressable market. Lam Research and CEA-Leti Expand Research and Development Collaboration to Advance Fabrication of Specialty Technologies
• Positive Sentiment: Market coverage has turned more bullish after Lam’s January quarter: multiple firms raised price targets and issued upgrades following the revenue/earnings beat and higher guidance, reinforcing investor confidence. Analysts Lift Price Targets on Lam Research Corporation (LRCX ) Following Strong Quarter Results
• Positive Sentiment: Coverage reports note several specific price‑target raises and at least one upgrade (multiple outlets flagged targets raised to the $235–$300 range), signaling rising sell‑side conviction after the strong print and AI demand commentary. Lam Research (NASDAQ:LRCX) Price Target Raised to $235.00
• Neutral Sentiment: Sector context: a MarketBeat piece on KLA highlights how peer earnings and differing WFE market definitions can cause swings in wafer‑fab equipment stocks; it suggests Lam’s stronger WFE growth outlook is intact but market reactions can be volatile. KLA Sank After Earnings—Then Analysts Started Raising Targets
• Neutral Sentiment: Analysis pieces question how much weight to place on sell‑side ratings versus fundamentals; useful for investors deciding whether recent upgrades justify adding exposure. Is It Worth Investing in Lam Research (LRCX) Based on Wall Street’s Bullish Views?

Institutional Investors Weigh In On Lam Research

A number of institutional investors and hedge funds have recently added to or reduced their stakes in LRCX. Vanguard Group Inc. raised its stake in shares of Lam Research by 0.3% during the third quarter. Vanguard Group Inc. now owns 130,974,214 shares of the semiconductor company’s stock valued at $17,537,447,000 after acquiring an additional 364,949 shares in the last quarter. State Street Corp lifted its stake in shares of Lam Research by 0.4% during the 3rd quarter. State Street Corp now owns 59,817,352 shares of the semiconductor company’s stock worth $8,024,684,000 after purchasing an additional 265,805 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Lam Research by 14.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 40,622,437 shares of the semiconductor company’s stock valued at $3,954,188,000 after buying an additional 5,102,589 shares in the last quarter. Geode Capital Management LLC boosted its stake in Lam Research by 3.5% in the second quarter. Geode Capital Management LLC now owns 33,802,736 shares of the semiconductor company’s stock valued at $3,280,484,000 after acquiring an additional 1,135,405 shares in the last quarter. Finally, Invesco Ltd. boosted its position in shares of Lam Research by 18.2% in the 3rd quarter. Invesco Ltd. now owns 21,182,948 shares of the semiconductor company’s stock worth $2,836,397,000 after purchasing an additional 3,263,658 shares in the last quarter. Institutional investors own 84.61% of the company’s stock.

Lam Research Stock Performance

The firm has a market cap of $296.58 billion, a price-to-earnings ratio of 48.67, a P/E/G ratio of 2.62 and a beta of 1.78. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.26 and a quick ratio of 1.61. The firm has a fifty day simple moving average of $189.04 and a two-hundred day simple moving average of $147.62.

Lam Research (NASDAQ:LRCX) last posted its quarterly earnings results on Wednesday, January 28th. The semiconductor company reported $1.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.17 by $0.10. The business had revenue of $5.34 billion during the quarter, compared to analysts’ expectations of $5.23 billion. Lam Research had a net margin of 30.22% and a return on equity of 62.81%. The business’s quarterly revenue was up 22.1% on a year-over-year basis. During the same quarter last year, the company posted $0.91 earnings per share. Lam Research has set its Q3 2026 guidance at 1.250-1.450 EPS. On average, analysts expect that Lam Research Corporation will post 3.71 EPS for the current year.

Lam Research Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 7th. Investors of record on Wednesday, December 3rd were issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend was Wednesday, December 3rd. Lam Research’s dividend payout ratio (DPR) is 21.31%.

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.