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

Lam Research (NASDAQ:LRCX) had its target price lifted by Citigroup from $265.00 to $300.00 in a research note published on Thursday,Benzinga reports. Citigroup currently has a buy rating on the semiconductor company’s stock.

LRCX has been the subject of a number of other research reports. Oppenheimer reaffirmed an “outperform” rating and set a $265.00 price target on shares of Lam Research in a research report on Thursday. The Goldman Sachs Group set a $262.00 target price on Lam Research and gave the company a “buy” rating in a research report on Thursday. Zacks Research upgraded shares of Lam Research from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 20th. Needham & Company LLC lifted their price objective on shares of Lam Research from $250.00 to $300.00 and gave the company a “buy” rating in a research note on Thursday. Finally, Mizuho set a $265.00 price objective on shares of Lam Research in a report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, Lam Research presently has a consensus rating of “Moderate Buy” and an average target price of $234.55.

Lam Research Stock Up 3.6%

NASDAQ:LRCX opened at $248.17 on Thursday. The company has a current ratio of 2.21, a quick ratio of 1.60 and a debt-to-equity ratio of 0.37. Lam Research has a twelve month low of $56.32 and a twelve month high of $251.38. The company has a market cap of $311.71 billion, a PE ratio of 50.85, a P/E/G ratio of 3.03 and a beta of 1.77. The company’s 50 day moving average is $185.48 and its two-hundred day moving average is $145.09.

Lam Research (NASDAQ:LRCX) last posted its quarterly earnings results on Wednesday, January 28th. The semiconductor company reported $1.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.17 by $0.10. The business had revenue of $5.34 billion during the quarter, compared to analysts’ expectations of $5.23 billion. Lam Research had a net margin of 30.22% and a return on equity of 63.28%. The business’s quarterly revenue was up 22.1% on a year-over-year basis. During the same quarter last year, the company posted $0.91 earnings per share. Lam Research has set its Q3 2026 guidance at 1.250-1.450 EPS. Analysts anticipate that Lam Research will post 3.71 EPS for the current year.

Lam Research Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 7th. Stockholders of record on Wednesday, December 3rd were paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend was Wednesday, December 3rd. Lam Research’s dividend payout ratio is presently 21.31%.

Insider Transactions at Lam Research

In other Lam Research news, Director Bethany Mayer sold 1,298 shares of the firm’s stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $159.99, for a total value of $207,667.02. Following the sale, the director directly owned 1,652 shares of the company’s stock, valued at approximately $264,303.48. This trade represents a 44.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Douglas R. Bettinger sold 40,080 shares of the company’s stock in a transaction that occurred on Friday, November 14th. The stock was sold at an average price of $150.60, for a total value of $6,036,048.00. Following the transaction, the chief financial officer directly owned 987,237 shares of the company’s stock, valued at approximately $148,677,892.20. The trade was a 3.90% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 41,408 shares of company stock worth $6,248,501 over the last 90 days. Insiders own 0.31% of the company’s stock.

Hedge Funds Weigh In On Lam Research

Large investors have recently added to or reduced their stakes in the stock. Eagle Wealth Advisors LLC acquired a new stake in shares of Lam Research in the fourth quarter valued at about $627,000. Aspen Capital Management LLC purchased a new position in Lam Research in the 4th quarter valued at about $207,000. Index Fund Advisors Inc. boosted its holdings in Lam Research by 10.9% in the 4th quarter. Index Fund Advisors Inc. now owns 1,893 shares of the semiconductor company’s stock worth $324,000 after buying an additional 186 shares during the last quarter. RMR Wealth Builders boosted its holdings in Lam Research by 6.2% in the 4th quarter. RMR Wealth Builders now owns 4,375 shares of the semiconductor company’s stock worth $749,000 after buying an additional 255 shares during the last quarter. Finally, Anchyra Partners LLC purchased a new stake in Lam Research during the 4th quarter worth approximately $480,000. 84.61% of the stock is currently owned by institutional investors and hedge funds.

Lam Research News Summary

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

• Positive Sentiment: Q2 results beat expectations — EPS $1.27 vs. $1.17 est., revenue $5.34B (+22% Y/Y); company issued stronger-than-expected Q3 revenue and EPS guidance. PR News Release
• Positive Sentiment: Management pointed to robust AI-driven demand and higher bookings, prompting commentary that the quarter was “extraordinarily bullish” from some outlets — supportive for near-term revenue visibility. Barron’s: Why Earnings Were ‘Extraordinarily Bullish’
• Positive Sentiment: Large wave of analyst price-target increases and upgrades after results (JPMorgan, Citi, UBS, Wells Fargo, Deutsche Bank, Stifel, Needham, TD Cowen, Summit upgrades), reflecting consensus optimism on demand and execution. Benzinga roundup of analyst boosts
• Positive Sentiment: High-profile bull commentary (Jim Cramer) highlighting structural shortage/strong demand for Lam’s tools — supports momentum and retail/institutional interest. InsiderMonkey: Jim Cramer on Lam Research
• Neutral Sentiment: Deep-dive coverage and investor takeaways highlight expansion plans and capex exposure as Lam scales production to meet wafer-equipment demand — positive for growth but capex cadence can fluctuate results. Yahoo Finance: LRCX Q4 Deep Dive
• Negative Sentiment: Valuation questions: coverage notes and some analysts caution about elevated multiples after the rally; Forbes flags the stock’s history of sharp pullbacks — risk of volatility despite strong results. Forbes: Record Highs May Face Reality Check
• Negative Sentiment: One analyst (Morgan Stanley) keeps an equal-weight rating with a lower target vs. several bullish upgrades — a reminder not all houses are uniformly bullish and limiting near-term upside for cautious funds. Benzinga: Morgan Stanley note

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.