Lam Research (NASDAQ:LRCX) Stock Price Expected to Rise, TD Cowen Analyst Says

Lam Research (NASDAQ:LRCX) had its price objective boosted by analysts at TD Cowen from $170.00 to $290.00 in a report released on Thursday, MarketBeat.com reports. The firm presently has a “buy” rating on the semiconductor company’s stock. TD Cowen’s price target would suggest a potential upside of 21.05% from the company’s previous close.

Other equities research analysts also recently issued reports about the company. Mizuho set a $265.00 price target on Lam Research in a report on Wednesday. Stifel Nicolaus upped their price objective on shares of Lam Research from $160.00 to $250.00 and gave the stock a “buy” rating in a research report on Wednesday, January 14th. Evercore ISI raised their target price on shares of Lam Research from $170.00 to $241.00 and gave the stock an “outperform” rating in a research note on Monday. Oppenheimer reiterated an “outperform” rating and set a $265.00 price target on shares of Lam Research in a research note on Thursday. Finally, Wall Street Zen cut shares of Lam Research from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $216.26.

Lam Research Stock Performance

NASDAQ LRCX opened at $239.58 on Thursday. The firm has a market cap of $300.92 billion, a P/E ratio of 52.77, a P/E/G ratio of 3.01 and a beta of 1.77. Lam Research has a 52-week low of $56.32 and a 52-week high of $243.99. The business’s 50-day moving average price is $183.31 and its 200 day moving average price is $144.37. The company has a quick ratio of 1.60, a current ratio of 2.21 and a debt-to-equity ratio of 0.37.

Lam Research (NASDAQ:LRCX) last posted its quarterly earnings data on Wednesday, January 28th. The semiconductor company reported $1.27 EPS for the quarter, beating the consensus estimate of $1.17 by $0.10. Lam Research had a return on equity of 60.60% and a net margin of 29.66%.The firm had revenue of $5.34 billion during the quarter, compared to the consensus estimate of $5.23 billion. During the same period in the prior year, the business earned $0.91 EPS. The firm’s revenue was up 22.1% compared to the same quarter last year. Lam Research has set its Q3 2026 guidance at 1.250-1.450 EPS. On average, equities research analysts expect that Lam Research will post 3.71 earnings per share for the current year.

Insider Activity

In related news, CFO Douglas R. Bettinger sold 40,080 shares of the firm’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 completion of the transaction, the chief financial officer directly owned 987,237 shares of the company’s stock, valued at $148,677,892.20. This trade represents a 3.90% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Bethany Mayer sold 1,298 shares of Lam Research stock in a transaction 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 transaction, the director directly owned 1,652 shares of the company’s stock, valued at approximately $264,303.48. This represents a 44.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 41,408 shares of company stock worth $6,248,501 over the last 90 days. 0.31% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Brighton Jones LLC grew its stake in Lam Research by 1,032.4% in the 4th quarter. Brighton Jones LLC now owns 14,189 shares of the semiconductor company’s stock valued at $1,025,000 after acquiring an additional 12,936 shares during the last quarter. Caxton Associates LLP acquired a new position in Lam Research during the first quarter worth about $239,000. Truist Financial Corp lifted its holdings in shares of Lam Research by 93.9% in the second quarter. Truist Financial Corp now owns 763,628 shares of the semiconductor company’s stock valued at $74,332,000 after purchasing an additional 369,789 shares in the last quarter. LBP AM SA grew its position in shares of Lam Research by 203.4% in the second quarter. LBP AM SA now owns 23,237 shares of the semiconductor company’s stock valued at $2,262,000 after purchasing an additional 15,577 shares during the last quarter. Finally, Impact Capital Partners LLC acquired a new stake in shares of Lam Research in the second quarter valued at approximately $289,000. 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: Lam beat Q2 estimates and guided Q3 above Wall Street expectations (revenue and EPS outlook), driving the strongest near-term catalyst for the stock. Lam Research forecasts strong quarterly results on chipmaking tool demand
• Positive Sentiment: Analysts are lifting ratings and targets after the beat and guidance; Stifel raised its PT to $250 and several firms (including mentions of Goldman/Evercore) are highlighting Lam as a top semiconductor pick. Lam Research (LRCX) Poised to Benefit From Expanding Advanced Foundry and NAND Investments
• Positive Sentiment: Market coverage is decidedly bullish after the print — Barron’s calls the results “extraordinarily bullish,” citing AI-driven content gains that underpin a multi-quarter demand cycle. Lam Research Stock Jumps. Why Earnings Were ‘Extraordinarily Bullish.
• Positive Sentiment: Analyst write-ups and screens (Zacks, Benzinga) highlight LRCX as a top WFE (wafer fabrication equipment) beneficiary of structural AI and foundry/NAND capex — supportive for medium-term revenue growth expectations. Lam Research (LRCX) Q2 Earnings and Revenues Beat Estimates
• Neutral Sentiment: Mizuho and other firms reiterated buy ratings, which supports investor confidence but is incremental given the fresh earnings/guidance beat. Mizuho Securities Remains a Buy on Lam Research (LRCX)
• Negative Sentiment: Risks: commentary and coverage note China-related demand uncertainty and Lam’s history of sharp corrections — factors that could amplify volatility despite strong fundamentals. Why Record Highs For LRCX Stock May Face A Reality Check In 2026

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.