Lam Research (NASDAQ:LRCX) Price Target Raised to $300.00 at JPMorgan Chase & Co.

Lam Research (NASDAQ:LRCX) had its target price upped by analysts at JPMorgan Chase & Co. from $165.00 to $300.00 in a report released on Thursday,Benzinga reports. The firm currently has an “overweight” rating on the semiconductor company’s stock. JPMorgan Chase & Co.‘s target price indicates a potential upside of 23.67% from the company’s previous close.

A number of other brokerages also recently commented on LRCX. Sanford C. Bernstein set a $275.00 price objective on Lam Research in a research report on Thursday. Berenberg Bank upped their target price on Lam Research from $122.00 to $165.00 and gave the company a “buy” rating in a report on Thursday, October 23rd. Zacks Research upgraded Lam Research from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 20th. Morgan Stanley set a $211.00 price target on shares of Lam Research in a report on Thursday, January 15th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on shares of Lam Research from $260.00 to $290.00 and gave the stock a “buy” rating in a research note on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, Lam Research presently has an average rating of “Moderate Buy” and an average target price of $233.49.

Lam Research Price Performance

Lam Research stock traded up $3.00 during midday trading on Thursday, hitting $242.58. The company’s stock had a trading volume of 8,068,551 shares, compared to its average volume of 13,463,196. Lam Research has a 12 month low of $56.32 and a 12 month high of $251.38. The company has a quick ratio of 1.60, a current ratio of 2.21 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $304.69 billion, a PE ratio of 53.55, a price-to-earnings-growth ratio of 3.01 and a beta of 1.77. The stock’s 50-day moving average price is $183.31 and its 200-day moving average price is $144.37.

Lam Research (NASDAQ:LRCX) last announced its quarterly earnings data on Wednesday, January 28th. The semiconductor company reported $1.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.17 by $0.10. Lam Research had a net margin of 29.66% and a return on equity of 60.60%. The company had revenue of $5.34 billion for the quarter, compared to analysts’ expectations of $5.23 billion. During the same quarter in the previous year, the company posted $0.91 EPS. The business’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. Analysts anticipate that Lam Research will post 3.71 earnings per share for the current fiscal year.

Insider Activity at Lam Research

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

Hedge Funds Weigh In On Lam Research

Several large investors have recently bought and sold shares of LRCX. Sava Infond d.o.o. increased its stake in shares of Lam Research by 3.1% during the 2nd quarter. Sava Infond d.o.o. now owns 75,250 shares of the semiconductor company’s stock worth $7,325,000 after purchasing an additional 2,250 shares during the last quarter. First Citizens Bank & Trust Co. boosted its stake in Lam Research by 8.0% in the 3rd quarter. First Citizens Bank & Trust Co. now owns 140,433 shares of the semiconductor company’s stock worth $18,804,000 after purchasing an additional 10,408 shares during the period. Oregon Public Employees Retirement Fund lifted its stake in Lam Research by 30.9% in the 3rd quarter. Oregon Public Employees Retirement Fund now owns 144,656 shares of the semiconductor company’s stock worth $19,369,000 after purchasing an additional 34,147 shares in the last quarter. Horizon Bancorp Inc. IN purchased a new stake in shares of Lam Research in the second quarter worth $389,000. Finally, Truist Financial Corp increased its stake in Lam Research by 119.6% in the 3rd quarter. Truist Financial Corp now owns 1,676,637 shares of the semiconductor company’s stock worth $224,502,000 after acquiring an additional 913,009 shares during the last quarter. 84.61% of the stock is currently owned by institutional investors.

Lam Research News Roundup

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

• Positive Sentiment: Q2 results beat consensus: Lam reported $1.27 EPS vs. $1.17 expected and revenue of $5.34B (up ~22% Y/Y); management set Q3 EPS guidance above consensus and guided revenue above Street expectations — the core driver of the rally. Read More.
• Positive Sentiment: Analysts raise targets and upgrade ratings after the beat and strong outlook — multiple firms (Wells Fargo, Deutsche, Needham, TD Cowen, Stifel, Summit Insights) lifted price targets and/or ratings, signaling consensus bullishness on near?term demand and AI-related content gains. Read More.
• Positive Sentiment: Market commentary frames the quarter as “extraordinarily bullish” (Barron’s) and media/TV pundits highlight tight demand for Lam’s tools, supporting a durable demand narrative tied to AI, foundry and NAND investment cycles. Read More.
• Neutral Sentiment: Deeper metric checks and transcript coverage are available for investors who want drill?down detail on bookings, customer mix and margins — useful for confirming whether the beat is broad?based or concentrated in specific product lines. Read More.
• Negative Sentiment: Valuation and pullback risk: some analysts and outlets warn LRCX’s rapid run (shares well above prior levels) raises valuation questions and increases susceptibility to sharp corrections if execution or demand softens. Read More.
• Negative Sentiment: Geopolitical/China exposure flagged as a watch item — China demand and supply?chain/regulatory dynamics could temper upside or add volatility to future quarters. Read More.

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.