Lam Research (NASDAQ:LRCX) Stock Price Expected to Rise, Morgan Stanley Analyst Says

Lam Research (NASDAQ:LRCX) had its price target hoisted by equities research analysts at Morgan Stanley from $260.00 to $293.00 in a report issued on Thursday,MarketScreener reports. The firm currently has an “equal weight” rating on the semiconductor company’s stock. Morgan Stanley’s target price would indicate a potential upside of 9.42% from the stock’s current price.

Other equities analysts have also issued reports about the company. Bank of America upped their target price on Lam Research from $285.00 to $330.00 and gave the stock a “buy” rating in a research report on Thursday. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $320.00 target price on shares of Lam Research in a research report on Thursday. Barclays set a $275.00 target price on Lam Research and gave the stock an “equal weight” rating in a research report on Thursday. Evercore upped their target price on Lam Research from $275.00 to $300.00 and gave the stock an “outperform” rating in a research report on Thursday. Finally, Susquehanna upped their target price on Lam Research from $350.00 to $385.00 and gave the stock a “positive” rating in a research report on Thursday. Twenty-six analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat.com, Lam Research currently has a consensus rating of “Moderate Buy” and an average price target of $283.65.

Lam Research Price Performance

Shares of NASDAQ:LRCX opened at $267.78 on Thursday. The company has a quick ratio of 1.61, a current ratio of 2.54 and a debt-to-equity ratio of 0.35. Lam Research has a twelve month low of $68.53 and a twelve month high of $275.84. The stock’s 50 day moving average is $234.99 and its 200-day moving average is $197.84. The firm has a market capitalization of $334.40 billion, a price-to-earnings ratio of 50.52, a PEG ratio of 2.69 and a beta of 1.78.

Lam Research (NASDAQ:LRCX) last issued its earnings results on Wednesday, April 22nd. The semiconductor company reported $1.47 earnings per share for the quarter, topping analysts’ consensus estimates of $1.36 by $0.11. Lam Research had a return on equity of 66.21% and a net margin of 30.94%.The company had revenue of $5.84 billion for the quarter, compared to analyst estimates of $5.70 billion. During the same period in the prior year, the firm earned $1.04 earnings per share. Lam Research’s revenue for the quarter was up 23.8% on a year-over-year basis. Lam Research has set its Q4 2026 guidance at 1.500-1.800 EPS. Sell-side analysts forecast that Lam Research will post 5.43 EPS for the current fiscal year.

Insider Activity at Lam Research

In related news, Director Eric Brandt sold 35,000 shares of the stock in a transaction on Friday, February 6th. The stock was sold at an average price of $225.60, for a total value of $7,896,000.00. Following the completion of the sale, the director directly owned 253,705 shares of the company’s stock, valued at approximately $57,235,848. This represents a 12.12% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Ava Harter sold 1,500 shares of the stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $222.66, for a total value of $333,990.00. Following the completion of the sale, the insider directly owned 53,205 shares of the company’s stock, valued at $11,846,625.30. The trade was a 2.74% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 130,886 shares of company stock valued at $29,658,802. 0.31% of the stock is owned by insiders.

Institutional Investors Weigh In On Lam Research

Several large investors have recently made changes to their positions in LRCX. PMV Capital Advisers LLC purchased a new stake in shares of Lam Research during the 4th quarter valued at $25,000. Stance Capital LLC purchased a new stake in shares of Lam Research during the 3rd quarter valued at $26,000. Bayban purchased a new stake in shares of Lam Research during the 4th quarter valued at $26,000. Vermillion Wealth Management Inc. purchased a new stake in shares of Lam Research during the 1st quarter valued at $26,000. Finally, Triumph Capital Management purchased a new stake in shares of Lam Research during the 3rd quarter valued at $27,000. 84.61% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting Lam Research

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

• Positive Sentiment: Q3 results beat expectations (EPS $1.47, revenue $5.84B) and management gave strong FY guidance tied to AI demand — investors view this as confirmation of a multi-year WFE upcycle. Earnings & press coverage
• Positive Sentiment: Major analysts have lifted price targets across the board (examples: TD Cowen $340, Susquehanna $385, JPMorgan $315, BofA $330), signaling upgraded revenue and margin forecasts driven by AI memory and logic chip spending. Analyst target upgrades
• Positive Sentiment: Several bank research notes reiterated buy/outperform ratings and sizable upside, reinforcing momentum and prompting institutional buyers to add exposure. Deutsche Bank price target raise
• Neutral Sentiment: Broad market action (Dow slip while Nasdaq gains) and strong moves in other chip names (Intel, AMD, Arm) contributed to sector flow into semiconductor-equipment names including LRCX. Market breadth coverage
• Neutral Sentiment: Not all firms moved to buy: a few kept neutral/equal-weight stances (e.g., Morgan Stanley, BNP Paribas), showing some analysts want to see more cycles of delivery before upgrading conviction. Morgan Stanley note
• Negative Sentiment: Valuation concerns: commentary and analysis warn the stock reflects a lot of AI upside already — some investors may view multiple and momentum as stretched, which could amplify pullbacks on any growth-slow surprises. Valuation caution analysis

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.