Lam Research (NASDAQ:LRCX) Price Target Raised to $310.00 at Royal Bank Of Canada

Lam Research (NASDAQ:LRCX) had its price target boosted by Royal Bank Of Canada from $290.00 to $310.00 in a research report sent to investors on Thursday, MarketBeat reports. The brokerage currently has an outperform rating on the semiconductor company’s stock.

Several other brokerages have also recently issued reports on LRCX. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $300.00 price target on shares of Lam Research in a research report on Wednesday, April 15th. Weiss Ratings reissued a “buy (b-)” rating on shares of Lam Research in a research report on Friday, April 10th. Citigroup reissued a “buy” rating and set a $315.00 price target (up from $300.00) on shares of Lam Research in a research report on Thursday. Argus increased their price target on shares of Lam Research from $175.00 to $280.00 in a research report on Tuesday, February 3rd. Finally, Erste Group Bank cut shares of Lam Research from a “buy” rating to a “hold” rating in a research report on Thursday, April 2nd. Twenty-six research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat, Lam Research presently has a consensus rating of “Moderate Buy” and a consensus target price of $281.78.

Lam Research Trading Down 2.6%

NASDAQ LRCX opened at $258.56 on Thursday. The firm’s 50-day moving average is $234.34 and its two-hundred day moving average is $197.02. Lam Research has a 12 month low of $67.55 and a 12 month high of $273.50. The stock has a market capitalization of $322.88 billion, a P/E ratio of 48.78, a PEG ratio of 2.83 and a beta of 1.78. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.26 and a quick ratio of 1.61.

Lam Research (NASDAQ:LRCX) last announced its earnings results on Wednesday, April 22nd. The semiconductor company reported $1.47 EPS for the quarter, beating analysts’ consensus estimates of $1.36 by $0.11. The company had revenue of $5.84 billion during the quarter, compared to analysts’ expectations of $5.70 billion. Lam Research had a return on equity of 67.07% and a net margin of 30.94%.Lam Research’s revenue for the quarter was up 23.8% on a year-over-year basis. During the same period last year, the business posted $1.04 EPS. Lam Research has set its Q4 2026 guidance at 1.500-1.800 EPS. On average, sell-side analysts anticipate that Lam Research will post 5.29 earnings per share for the current year.

Lam Research Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 8th. Investors of record on Wednesday, March 4th were paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date was Wednesday, March 4th. Lam Research’s dividend payout ratio is presently 21.31%.

Insider Buying and Selling

In related news, Director Eric Brandt sold 35,000 shares of the company’s stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $225.60, for a total transaction of $7,896,000.00. Following the sale, the director directly owned 253,705 shares in the company, valued at approximately $57,235,848. This represents a 12.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Douglas R. Bettinger sold 50,057 shares of the company’s stock in a transaction that occurred 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 sale, the chief financial officer owned 1,081,705 shares in the company, valued at $242,334,371.15. The trade was a 4.42% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 130,886 shares of company stock worth $29,658,802. Company insiders own 0.31% of the company’s stock.

Hedge Funds Weigh In On Lam Research

Several hedge funds have recently added to or reduced their stakes in the stock. Global Trust Asset Management LLC increased its stake in Lam Research by 0.6% in the first quarter. Global Trust Asset Management LLC now owns 10,702 shares of the semiconductor company’s stock valued at $2,286,000 after purchasing an additional 60 shares during the last quarter. iA Global Asset Management Inc. increased its stake in Lam Research by 19.6% in the first quarter. iA Global Asset Management Inc. now owns 266,175 shares of the semiconductor company’s stock valued at $56,871,000 after purchasing an additional 43,615 shares during the last quarter. First Pacific Financial increased its stake in Lam Research by 11.3% in the first quarter. First Pacific Financial now owns 1,907 shares of the semiconductor company’s stock valued at $407,000 after purchasing an additional 194 shares during the last quarter. MQS Management LLC purchased a new position in Lam Research in the first quarter valued at approximately $221,000. Finally, Eagle Wealth Advisors LLC increased its stake in Lam Research by 28.9% in the first quarter. Eagle Wealth Advisors LLC now owns 4,716 shares of the semiconductor company’s stock valued at $1,009,000 after purchasing an additional 1,056 shares during the last quarter. 84.61% of the stock is currently owned by hedge funds and other institutional investors.

Key Headlines Impacting Lam Research

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

• Positive Sentiment: Q3 beat and upbeat guidance — Lam reported $1.47 EPS and $5.84B revenue (both above expectations) and issued FYQ4 EPS guidance of $1.50–1.80 and revenue guidance above consensus, underpinning the bullish case on AI-driven equipment demand. Press Release
• Positive Sentiment: Wall Street raises targets — Dozens of firms raised price targets and kept buy/overweight ratings (e.g., JPMorgan, BofA, Bernstein, TD Cowen, Susquehanna), signaling renewed analyst conviction in a multi-year wafer?fab equipment cycle. JPMorgan Target Coverage
• Positive Sentiment: AI / memory tailwinds — Coverage and commentary highlight AI-driven demand (incl. record support sales and memory/DRAM tightness) as a structural revenue and margin driver for Lam’s tools. Deep Dive
• Neutral Sentiment: Analyst detail & metrics — Earnings coverage (Zacks, Seeking Alpha transcripts, slide deck) gives deeper look at backlog, margins and inventory improvements; useful for modeling but not immediately directional. Zacks Analysis
• Neutral Sentiment: Industry supply commentary — Analysts and industry voices (SemiAnalysis) argue DRAM and AI demand could outpace capacity, which supports long?term demand but also increases cyclicality and capex timing uncertainty. DRAM Demand Article
• Negative Sentiment: Valuation concerns / profit?taking — Several pieces question whether the run (roughly +300% Y/Y) has priced in too much; some investors are trimming positions given rich multiples and rapid price appreciation. Is It Too Late?
• Negative Sentiment: Analyst caution on price vs. fundamentals — Commentary like Seeking Alpha’s note flags the AI upcycle but argues the stock may be expensive relative to expected returns, a reason for near?term downside pressure. SA Valuation Piece

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.