Lam Research (NASDAQ:LRCX) Price Target Raised to $320.00

Lam Research (NASDAQ:LRCX) had its price target boosted by Wells Fargo & Company from $290.00 to $320.00 in a research report released on Thursday, Marketbeat reports. Wells Fargo & Company currently has an overweight rating on the semiconductor company’s stock.

LRCX has been the subject of a number of other research reports. Citigroup restated a “buy” rating and set a $315.00 price objective (up from $300.00) on shares of Lam Research in a research report on Thursday. Mizuho boosted their price target on shares of Lam Research from $295.00 to $330.00 and gave the stock an “outperform” rating in a research note on Thursday. Barclays set a $275.00 price target on shares of Lam Research and gave the stock an “equal weight” rating in a report on Thursday. KeyCorp restated a “sector weight” rating on shares of Lam Research in a research report on Thursday, January 29th. Finally, Evercore lifted their price objective on Lam Research from $275.00 to $300.00 and gave the company an “outperform” rating in a report on Thursday. Twenty-six research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat, Lam Research currently has an average rating of “Moderate Buy” and an average price target of $284.49.

Lam Research Trading Up 3.6%

NASDAQ:LRCX opened at $267.78 on Thursday. The firm has a market cap of $334.40 billion, a P/E ratio of 50.52, a PEG 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. The stock’s 50 day simple moving average is $234.99 and its 200-day simple moving average is $198.24. 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 for the quarter, topping the consensus estimate of $1.36 by $0.11. Lam Research had a return on equity of 66.21% and a net margin of 30.94%.The firm had revenue of $5.84 billion during the quarter, compared to the consensus estimate of $5.70 billion. During the same period last year, the company earned $1.04 earnings per share. The company’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. Equities analysts anticipate that Lam Research will post 5.43 EPS for the current year.

Lam Research Announces Dividend

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

Insider Buying and Selling

In other news, Director Eric Brandt sold 35,000 shares of Lam Research 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 sale, the director directly owned 253,705 shares in the company, valued at approximately $57,235,848. This trade represents a 12.12% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Ava Harter sold 1,500 shares of the business’s stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $222.66, for a total value of $333,990.00. Following the sale, the insider directly owned 53,205 shares in the company, valued at $11,846,625.30. This trade represents a 2.74% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 130,886 shares of company stock valued at $29,658,802. Corporate insiders own 0.31% of the company’s stock.

Hedge Funds Weigh In On Lam Research

Several hedge funds and other institutional investors have recently bought and sold shares of LRCX. Vermillion Wealth Management Inc. acquired a new stake in Lam Research in the first quarter valued at $26,000. PMV Capital Advisers LLC purchased a new position in shares of Lam Research in the fourth quarter valued at $25,000. Bayban acquired a new position in shares of Lam Research during the 4th quarter worth $26,000. Mcguire Capital Advisors Inc. purchased a new stake in shares of Lam Research in the 4th quarter worth about $27,000. Finally, Core Wealth Advisors LLC purchased a new stake in shares of Lam Research in the 4th quarter worth about $29,000. 84.61% of the stock is owned by institutional investors and hedge funds.

Lam Research News Roundup

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.