Jefferies Financial Group Boosts Lam Research (NASDAQ:LRCX) Price Target to $315.00

Lam Research (NASDAQ:LRCX) had its price target boosted by equities researchers at Jefferies Financial Group from $285.00 to $315.00 in a note issued to investors on Thursday,MarketScreener reports. The firm presently has a “buy” rating on the semiconductor company’s stock. Jefferies Financial Group’s price target points to a potential upside of 18.96% from the stock’s previous close.

LRCX has been the topic of several other research reports. Erste Group Bank downgraded shares of Lam Research from a “buy” rating to a “hold” rating in a report on Thursday, April 2nd. UBS Group set a $300.00 price target on Lam Research in a research note on Thursday, January 29th. JPMorgan Chase & Co. raised their price objective on Lam Research from $165.00 to $300.00 and gave the stock an “overweight” rating in a research report on Thursday, January 29th. Berenberg Bank raised their target price on Lam Research from $265.00 to $335.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, Needham & Company LLC reissued a “buy” rating and issued a $300.00 price target on shares of Lam Research in a research report on Thursday. Twenty-seven equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $272.73.

Lam Research Stock Down 0.3%

LRCX stock opened at $264.79 on Thursday. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.26 and a quick ratio of 1.61. The company has a 50-day moving average of $233.80 and a two-hundred day moving average of $196.58. The stock has a market capitalization of $330.67 billion, a price-to-earnings ratio of 54.26, a price-to-earnings-growth ratio of 2.75 and a beta of 1.78. Lam Research has a 52-week low of $67.55 and a 52-week high of $273.50.

Lam Research (NASDAQ:LRCX) last issued its quarterly earnings results on Wednesday, April 22nd. The semiconductor company reported $1.47 EPS for the quarter, topping the consensus estimate of $1.36 by $0.11. Lam Research had a return on equity of 62.81% and a net margin of 30.22%.The company had revenue of $5.84 billion for the quarter, compared to the consensus estimate of $5.70 billion. During the same period in the previous year, the business posted $1.04 EPS. 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. As a group, equities research analysts anticipate that Lam Research will post 5.3 EPS for the current year.

Insider Transactions at Lam Research

In related news, CFO Douglas R. Bettinger sold 50,057 shares of Lam Research stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $224.03, for a total transaction of $11,214,269.71. Following the completion of the sale, the chief financial officer directly owned 1,081,705 shares of the company’s stock, valued at $242,334,371.15. The trade was a 4.42% 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, Director Eric Brandt sold 35,000 shares of the firm’s stock in a transaction dated 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 transaction, the director owned 253,705 shares in the company, valued at approximately $57,235,848. This trade represents a 12.12% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 130,886 shares of company stock worth $29,658,802 in the last three months. Insiders own 0.31% of the company’s stock.

Institutional Trading of Lam Research

Hedge funds have recently added to or reduced their stakes in the business. Norges Bank bought a new stake in shares of Lam Research in the fourth quarter worth about $3,645,427,000. Price T Rowe Associates Inc. MD raised its holdings in Lam Research by 352.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 13,695,210 shares of the semiconductor company’s stock worth $2,344,347,000 after buying an additional 10,666,540 shares during the period. Arrowstreet Capital Limited Partnership lifted its stake in Lam Research by 781.3% in the third quarter. Arrowstreet Capital Limited Partnership now owns 11,340,865 shares of the semiconductor company’s stock valued at $1,518,542,000 after buying an additional 10,053,978 shares in the last quarter. Franklin Resources Inc. boosted its holdings in shares of Lam Research by 57.0% in the fourth quarter. Franklin Resources Inc. now owns 10,110,560 shares of the semiconductor company’s stock valued at $1,730,724,000 after buying an additional 3,671,073 shares during the period. Finally, Corient Private Wealth LLC increased its position in shares of Lam Research by 235.5% during the fourth quarter. Corient Private Wealth LLC now owns 5,199,441 shares of the semiconductor company’s stock worth $890,040,000 after acquiring an additional 3,649,553 shares in the last quarter. Institutional investors and hedge funds own 84.61% of the company’s stock.

More Lam Research News

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

• Positive Sentiment: Lam reported fiscal Q3 results above estimates — $1.47 non-GAAP EPS vs. $1.36 consensus and $5.84B revenue (up 23.8% YoY). The release highlights record revenue and improved margins that underpinned the rally. PR Newswire
• Positive Sentiment: Management raised FYQ4 guidance: EPS $1.50–1.80 and revenue guidance midpoint (~$6.6B) came in above street expectations, signaling continued WFE strength. That upside to guidance is a primary driver of the rally. MarketBeat — Earnings
• Positive Sentiment: AI-driven chip demand is cited repeatedly as the demand engine — analysts and press note expanding spending on AI logic and memory fabs is lifting orders and margins for Lam’s etch/dep tools. Globe and Mail — Deep Dive
• Positive Sentiment: Wall Street raised targets and reiterated buys after the beat — examples include Needham ($300), BofA ($330) and TD Cowen ($340) — adding momentum as analysts push valuation higher. TipRanks — Ratings
• Neutral Sentiment: The company’s earnings call transcript and slide deck are available for investors digging into product-level demand, backlog and capex cadence. Seeking Alpha — Call Transcript
• Neutral Sentiment: Lam is named as a supplier for large-scale projects (e.g., Tesla Terafab), which supports long-duration revenue potential but requires execution and timelines to play out. Barchart — Terafab
• Negative Sentiment: Some commentators warn LRCX faces an earnings “test” after a sharp pre-report rally; elevated valuation metrics (P/E >50) mean expectations are high and leave limited room for disappointment. Seeking Alpha — Caution

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.