Lam Research (NASDAQ:LRCX) Price Target Raised to $340.00

Lam Research (NASDAQ:LRCX) had its price target hoisted by TD Cowen from $290.00 to $340.00 in a research report sent to investors on Thursday, MarketBeat.com reports. The brokerage currently has a buy rating on the semiconductor company’s stock.

Other equities analysts have also issued research reports about the stock. Weiss Ratings restated a “buy (b-)” rating on shares of Lam Research in a research report on Friday, April 10th. Morgan Stanley lifted their price objective on shares of Lam Research from $254.00 to $260.00 and gave the stock an “equal weight” rating in a research report on Monday, April 6th. Wells Fargo & Company boosted their target price on shares of Lam Research from $250.00 to $290.00 and gave the company an “overweight” rating in a research note on Thursday, January 29th. UBS Group set a $300.00 target price on shares of Lam Research in a research report on Thursday, January 29th. Finally, JPMorgan Chase & Co. raised their price target on shares of Lam Research from $165.00 to $300.00 and gave the stock an “overweight” rating in a research note on Thursday, January 29th. Twenty-six research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat, Lam Research has a consensus rating of “Moderate Buy” and a consensus price target of $284.49.

Lam Research Stock Performance

Shares of Lam Research stock opened at $267.78 on Thursday. The business’s fifty day simple moving average is $234.99 and its 200 day simple moving average is $198.24. The firm has a market capitalization of $334.40 billion, a P/E ratio of 50.52, a price-to-earnings-growth ratio of 2.69 and a beta of 1.78. Lam Research has a 12 month low of $68.53 and a 12 month high of $275.84. 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 (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 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 quarter in the prior year, the company earned $1.04 EPS. The business’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. As a group, analysts anticipate that Lam Research will post 5.43 EPS for the current year.

Lam Research Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 8th. Shareholders of record on Wednesday, March 4th were issued a dividend of $0.26 per share. The ex-dividend date of this dividend was Wednesday, March 4th. This represents a $1.04 annualized dividend and a yield of 0.4%. Lam Research’s dividend payout ratio is 19.62%.

Insiders Place Their Bets

In related news, CFO Douglas R. Bettinger sold 50,057 shares of the company’s stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $224.03, for a total transaction of $11,214,269.71. Following the sale, the chief financial officer directly owned 1,081,705 shares in the company, valued at approximately $242,334,371.15. This represents a 4.42% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Eric Brandt sold 35,000 shares of the firm’s stock in a transaction that occurred on Friday, February 6th. The stock was 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 approximately $57,235,848. This trade represents a 12.12% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 130,886 shares of company stock worth $29,658,802 over the last quarter. 0.31% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Lam Research

Institutional investors have recently made changes to their positions in the stock. Vermillion Wealth Management Inc. purchased a new position in shares of Lam Research in the first quarter valued at $26,000. PMV Capital Advisers LLC bought a new stake in shares of Lam Research during the 4th quarter valued at $25,000. Bayban purchased a new stake in Lam Research during the 4th quarter worth about $26,000. Mcguire Capital Advisors Inc. purchased a new stake in Lam Research during the 4th quarter worth about $27,000. Finally, Core Wealth Advisors LLC bought a new position in Lam Research in the 4th quarter worth about $29,000. Hedge funds and other institutional investors own 84.61% of the company’s stock.

Key Lam Research News

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.