Lam Research (NASDAQ:LRCX) Price Target Raised to $300.00

Lam Research (NASDAQ:LRCX) had its price objective hoisted by Evercore from $275.00 to $300.00 in a report released on Thursday,MarketScreener reports. The firm currently has an outperform rating on the semiconductor company’s stock.

LRCX has been the subject of a number of other research reports. BNP Paribas Exane raised their target price on shares of Lam Research from $250.00 to $260.00 and gave the company a “neutral” rating in a research note on Thursday. Summit Insights raised Lam Research from a “hold” rating to a “buy” rating in a research report on Thursday, January 29th. Barclays set a $275.00 price target on Lam Research and gave the stock an “equal weight” rating in a research note on Thursday. Citigroup reiterated a “buy” rating and set a $315.00 price objective (up from $300.00) on shares of Lam Research in a research note on Thursday. Finally, Sanford C. Bernstein boosted their target price on Lam Research from $285.00 to $325.00 and gave the stock an “outperform” rating in a report on Thursday. Twenty-six research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $284.49.

Lam Research Stock Performance

Shares of LRCX stock opened at $267.78 on Thursday. The company’s fifty day moving average price is $234.99 and its 200-day moving average price is $198.24. The stock has a market cap of $334.40 billion, a PE ratio of 50.52, a price-to-earnings-growth ratio of 2.69 and a beta of 1.78. The company has a current ratio of 2.54, a quick ratio of 1.61 and a debt-to-equity ratio of 0.35. Lam Research has a 12 month low of $68.53 and a 12 month high of $275.84.

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

Lam Research Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 8th. Stockholders of record on Wednesday, March 4th were issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend was Wednesday, March 4th. Lam Research’s dividend payout ratio (DPR) is presently 19.62%.

Insider Transactions at Lam Research

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

Hedge Funds Weigh In On Lam Research

A number of institutional investors and hedge funds have recently modified their holdings of LRCX. Greenup Street Wealth Management LLC increased its position in Lam Research by 1.8% during the first quarter. Greenup Street Wealth Management LLC now owns 2,433 shares of the semiconductor company’s stock valued at $520,000 after acquiring an additional 44 shares during the last quarter. Triumph Capital Management boosted its position in Lam Research by 22.5% in the fourth quarter. Triumph Capital Management now owns 245 shares of the semiconductor company’s stock worth $42,000 after purchasing an additional 45 shares during the last quarter. Traphagen Investment Advisors LLC grew its stake in shares of Lam Research by 2.4% during the 4th quarter. Traphagen Investment Advisors LLC now owns 1,963 shares of the semiconductor company’s stock valued at $336,000 after purchasing an additional 46 shares during the period. Bank of Jackson Hole Trust increased its position in shares of Lam Research by 12.6% during the 4th quarter. Bank of Jackson Hole Trust now owns 428 shares of the semiconductor company’s stock valued at $73,000 after purchasing an additional 48 shares during the last quarter. Finally, Field & Main Bank increased its position in shares of Lam Research by 1.1% during the 4th quarter. Field & Main Bank now owns 4,615 shares of the semiconductor company’s stock valued at $790,000 after purchasing an additional 50 shares during the last quarter. 84.61% of the stock is currently 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

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.