Lam Research (NASDAQ:LRCX) Trading 4% Higher After Analyst Upgrade

Lam Research Corporation (NASDAQ:LRCX)’s stock price was up 4% on Thursday after Rothschild & Co Redburn raised their price target on the stock from $305.00 to $420.00. Rothschild & Co Redburn currently has a buy rating on the stock. Lam Research traded as high as $401.00 and last traded at $389.04. Approximately 21,357,061 shares were traded during trading, an increase of 94% from the average daily volume of 10,986,091 shares. The stock had previously closed at $374.18.

Several other brokerages have also commented on LRCX. Zacks Research lowered shares of Lam Research from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 6th. Stifel Nicolaus upped their target price on Lam Research from $300.00 to $325.00 and gave the stock a “buy” rating in a research report on Thursday, April 23rd. BNP Paribas Exane lifted their target price on Lam Research from $250.00 to $260.00 and gave the stock a “neutral” rating in a report on Thursday, April 23rd. JPMorgan Chase & Co. boosted their price target on shares of Lam Research from $300.00 to $315.00 and gave the stock an “overweight” rating in a research report on Thursday, April 23rd. Finally, TD Cowen lifted their price target on shares of Lam Research from $290.00 to $340.00 and gave the stock a “buy” rating in a research report on Thursday, April 23rd. Twenty-eight research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $333.62.

Insider Transactions at Lam Research

In related news, insider Ava Harter sold 6,010 shares of the business’s stock in a transaction on Monday, April 27th. The shares were sold at an average price of $258.66, for a total transaction of $1,554,546.60. Following the transaction, the insider owned 53,205 shares of the company’s stock, valued at approximately $13,762,005.30. The trade was a 10.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Neil J. Fernandes sold 7,659 shares of Lam Research stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $309.60, for a total value of $2,371,226.40. Following the sale, the senior vice president directly owned 58,470 shares in the company, valued at $18,102,312. The trade was a 11.58% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 86,339 shares of company stock worth $27,680,267. Insiders own 0.31% of the company’s stock.

Key Headlines Impacting Lam Research

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

• Positive Sentiment: Oppenheimer raised its price target to $400 from $330 and kept an Outperform rating, saying a recent Lam bus tour increased confidence in AI-related WFE growth potential and that the company’s opportunity may be larger than expected. Lam Research Corporation (LRCX)’s WFE Opportunity May Be Bigger Than Expected
• Positive Sentiment: Barclays also reportedly boosted its price target on Lam Research, reinforcing the bullish analyst tone around the stock. Lam Research (LRCX) Receives a Price Target Boost at Barclays. Here is Why
• Positive Sentiment: Citi lifted its target to $450 from $315 on expectations for stronger global WFE spending, suggesting demand for semiconductor equipment could stay robust. Citi lifts PTs on AMAT, LRCX, & KLAC amid booming WFE demand
• Positive Sentiment: Renaissance Investment Management expects positive upward revisions for Lam Research, which can support investor sentiment if estimates continue to rise. Renaissance Investment Management Expects Positive Upward Revision for Lam Research (LRCX)
• Positive Sentiment: Several pieces highlighted Lam Research as a momentum winner and one of the more profitable semiconductor names, which can help keep buyers interested after its strong run. Are You Looking for a Top Momentum Pick? Why Lam Research (LRCX) is a Great Choice
• Neutral Sentiment: Articles comparing Lam Research with Texas Instruments leaned toward TXN on valuation and manufacturing strength, but these were mostly relative-basis opinions rather than direct negative catalysts for LRCX. TXN vs. LRCX: Which Semiconductor Stock Is the Better Buy Right Now?
• Neutral Sentiment: There was also some options activity showing heavy put buying, which may indicate hedging or cautious positioning rather than a clear fundamental shift. Stock Traders Buy High Volume of Put Options on Lam Research (NASDAQ:LRCX)
• Negative Sentiment: One valuation-focused article argued Lam Research’s premium multiple requires very high growth for years, reminding investors that the stock may be expensive after its sharp move higher. Decoding LRCX Stock’s Premium Valuation

Institutional Trading of Lam Research

Hedge funds have recently modified their holdings of the stock. Brighton Jones LLC lifted its stake in shares of Lam Research by 1,032.4% during the fourth 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 period. Caxton Associates LLP bought a new stake in Lam Research during the 1st quarter worth approximately $239,000. Gabelli Funds LLC acquired a new stake in Lam Research during the 2nd quarter worth approximately $253,000. NewEdge Advisors LLC raised its holdings in Lam Research by 2.7% during the 2nd quarter. NewEdge Advisors LLC now owns 100,528 shares of the semiconductor company’s stock worth $9,785,000 after buying an additional 2,661 shares during the period. Finally, Osterweis Capital Management Inc. lifted its stake in Lam Research by 5,206.7% in the second quarter. Osterweis Capital Management Inc. now owns 796 shares of the semiconductor company’s stock valued at $77,000 after buying an additional 781 shares in the last quarter. 84.61% of the stock is owned by institutional investors.

Lam Research Stock Performance

The stock has a fifty day simple moving average of $295.60 and a 200-day simple moving average of $238.88. The stock has a market cap of $486.52 billion, a P/E ratio of 73.40, a PEG ratio of 3.04 and a beta of 1.85. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.77 and a current ratio of 2.54.

Lam Research (NASDAQ:LRCX) last announced its quarterly earnings data on Wednesday, April 22nd. The semiconductor company reported $1.47 EPS for the quarter, topping analysts’ consensus estimates of $1.36 by $0.11. The business had revenue of $5.84 billion for the quarter, compared to analyst estimates of $5.70 billion. Lam Research had a net margin of 30.94% and a return on equity of 66.21%. The firm’s revenue for the quarter was up 23.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.04 earnings per share. Lam Research has set its Q4 2026 guidance at 1.500-1.800 EPS. On average, equities analysts expect that Lam Research Corporation will post 5.7 earnings per share for the current year.

Lam Research Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 8th. Investors of record on Wednesday, June 17th will be given a $0.26 dividend. The ex-dividend date is Wednesday, June 17th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.3%. Lam Research’s dividend payout ratio (DPR) is presently 19.62%.

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.