Lam Research (NASDAQ:LRCX) Price Target Raised to $330.00

Lam Research (NASDAQ:LRCX) had its price objective lifted by Bank of America from $285.00 to $330.00 in a report published on Thursday morning,Benzinga reports. Bank of America currently has a buy rating on the semiconductor company’s stock.

Other analysts have also issued reports about the stock. Berenberg Bank upped their price target on shares of Lam Research from $265.00 to $335.00 and gave the company a “buy” rating in a research report on Thursday. Needham & Company LLC reiterated a “buy” rating and issued a $300.00 price objective on shares of Lam Research in a report on Thursday. B. Riley Financial restated a “buy” rating on shares of Lam Research in a report on Monday, April 20th. Erste Group Bank lowered Lam Research from a “buy” rating to a “hold” rating in a research report on Thursday, April 2nd. Finally, Citigroup reaffirmed a “buy” rating and issued a $315.00 price target (up from $300.00) on shares of Lam Research in a research note on Thursday. Twenty-six analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $284.49.

Lam Research Trading Up 3.6%

LRCX stock opened at $267.78 on Thursday. The company has a market capitalization 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 debt-to-equity ratio of 0.35, a quick ratio of 1.61 and a current ratio of 2.54. Lam Research has a one year low of $68.53 and a one year high of $275.84. The company’s 50 day moving average price is $234.99 and its two-hundred day moving average price is $198.24.

Lam Research (NASDAQ:LRCX) last announced its quarterly earnings data on Wednesday, April 22nd. The semiconductor company reported $1.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $5.70 billion. During the same quarter in the prior year, the company earned $1.04 EPS. The firm’s revenue was up 23.8% on a year-over-year basis. Lam Research has set its Q4 2026 guidance at 1.500-1.800 EPS. As a group, analysts predict that Lam Research will post 5.43 earnings per share for the current fiscal year.

Lam Research Announces Dividend

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

Insider Buying and Selling

In related news, Director Eric Brandt sold 35,000 shares of the company’s 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 sale, the director directly owned 253,705 shares of the company’s stock, valued at $57,235,848. This represents a 12.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Ava Harter sold 1,500 shares of the stock in a transaction 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 completion of the transaction, the insider owned 53,205 shares of the company’s stock, valued at approximately $11,846,625.30. This trade represents a 2.74% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 130,886 shares of company stock valued at $29,658,802 over the last ninety days. Company insiders own 0.31% of the company’s stock.

Institutional Investors Weigh In On Lam Research

Hedge funds and other institutional investors have recently bought and sold shares of the business. Peregrine Asset Advisers Inc. bought a new position in shares of Lam Research during the first quarter valued at approximately $2,664,000. Patten Group Inc. bought a new stake in shares of Lam Research in the 1st quarter worth approximately $211,000. Strs Ohio grew its stake in shares of Lam Research by 1.9% in the 1st quarter. Strs Ohio now owns 517,744 shares of the semiconductor company’s stock worth $110,621,000 after buying an additional 9,417 shares during the last quarter. Boston Trust Walden Corp grew its stake in shares of Lam Research by 3,213.8% in the 1st quarter. Boston Trust Walden Corp now owns 64,950 shares of the semiconductor company’s stock worth $13,877,000 after buying an additional 62,990 shares during the last quarter. Finally, Keybank National Association OH increased its position in Lam Research by 0.3% during the 1st quarter. Keybank National Association OH now owns 45,992 shares of the semiconductor company’s stock valued at $9,827,000 after buying an additional 135 shares in the last quarter. Hedge funds and other institutional investors own 84.61% of the company’s stock.

Lam Research News Summary

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.