Lam Research (NASDAQ:LRCX) Stock Price Expected to Rise, Needham & Company LLC Analyst Says

Lam Research (NASDAQ:LRCX) had its price target boosted by equities research analysts at Needham & Company LLC from $250.00 to $300.00 in a note issued to investors on Thursday, Marketbeat.com reports. The firm currently has a “buy” rating on the semiconductor company’s stock. Needham & Company LLC’s target price would suggest a potential upside of 28.50% from the company’s previous close.

Several other equities research analysts have also recently weighed in on the company. UBS Group restated a “buy” rating and set a $255.00 target price (up from $200.00) on shares of Lam Research in a report on Tuesday, January 20th. Weiss Ratings reissued a “buy (b)” rating on shares of Lam Research in a research note on Monday, December 29th. Dbs Bank lifted their target price on shares of Lam Research from $119.40 to $184.20 in a research note on Monday, October 27th. Mizuho set a $265.00 price target on shares of Lam Research in a report on Wednesday. Finally, Royal Bank Of Canada set a $260.00 price target on shares of Lam Research in a report on Wednesday, January 14th. One research analyst has rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $238.32.

Lam Research Price Performance

Shares of Lam Research stock opened at $233.46 on Thursday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.60 and a current ratio of 2.26. Lam Research has a 52-week low of $56.32 and a 52-week high of $251.87. The company has a fifty day moving average of $187.29 and a 200-day moving average of $146.02. The stock has a market capitalization of $293.23 billion, a price-to-earnings ratio of 47.84, a price-to-earnings-growth ratio of 3.05 and a beta of 1.77.

Lam Research (NASDAQ:LRCX) last posted its quarterly earnings results on Wednesday, January 28th. The semiconductor company reported $1.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.17 by $0.10. Lam Research had a net margin of 30.22% and a return on equity of 62.81%. The business had revenue of $5.34 billion during the quarter, compared to analyst estimates of $5.23 billion. During the same period in the prior year, the business posted $0.91 earnings per share. The company’s revenue was up 22.1% on a year-over-year basis. Lam Research has set its Q3 2026 guidance at 1.250-1.450 EPS. Equities research analysts expect that Lam Research will post 3.71 EPS for the current year.

Insider Transactions at Lam Research

In related news, CFO Douglas R. Bettinger sold 40,080 shares of the stock in a transaction dated Friday, November 14th. The shares were 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 represents a 3.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Bethany Mayer sold 1,298 shares of Lam Research 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 sale, the director directly owned 1,652 shares in the company, valued at approximately $264,303.48. The trade was a 44.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 41,408 shares of company stock valued at $6,248,501. 0.31% of the stock is owned by insiders.

Hedge Funds Weigh In On Lam Research

A number of institutional investors have recently added to or reduced their stakes in LRCX. Brighton Jones LLC boosted its holdings in shares of Lam Research by 1,032.4% during the 4th quarter. Brighton Jones LLC now owns 14,189 shares of the semiconductor company’s stock valued at $1,025,000 after buying an additional 12,936 shares in the last quarter. Caxton Associates LLP purchased a new position in Lam Research during the 1st quarter valued at about $239,000. Truist Financial Corp boosted its stake in Lam Research by 93.9% during the second quarter. Truist Financial Corp now owns 763,628 shares of the semiconductor company’s stock worth $74,332,000 after acquiring an additional 369,789 shares in the last quarter. LBP AM SA boosted its stake in Lam Research by 203.4% during the second quarter. LBP AM SA now owns 23,237 shares of the semiconductor company’s stock worth $2,262,000 after acquiring an additional 15,577 shares in the last quarter. Finally, Impact Capital Partners LLC purchased a new stake in Lam Research in the second quarter worth about $289,000. Institutional investors own 84.61% of the company’s stock.

Trending Headlines about Lam Research

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

• Positive Sentiment: Multiple major brokers sharply raised targets (many to $275–$300), signaling broad analyst bullishness after the quarter and suggesting upside versus earlier prices. These Analysts Boost Their Forecasts On Lam Research Following Strong Q2 Results
• Positive Sentiment: JPMorgan and Citigroup raised targets to $300 (overweight/buy), and firms including Needham, TD Cowen, Wells Fargo, Deutsche and Stifel also lifted targets — a strong institutional vote of confidence for continued AI/foundry-driven demand. Analyst target increases (Benzinga)
• Positive Sentiment: Lam beat Q2 estimates (EPS $1.27 vs. $1.17 est.; revenue $5.34B vs. $5.23B) and issued Q3 EPS guidance of $1.25–$1.45 and revenue above consensus — concrete operational drivers behind analyst upgrades. Lam Research Q2 Earnings Surpass Expectations, Revenues Rise Y/Y
• Neutral Sentiment: New Street Research raised its target to $235 but kept a neutral rating, reflecting near-term upside limited relative to recent price strength. New Street adjusts price target on Lam Research to $235
• Negative Sentiment: HSBC raised its target to $221 but maintained a “hold,” which implies downside from recent levels and highlights some analyst caution despite better results. HSBC adjusts price target on Lam Research to $221
• Negative Sentiment: Coverage notes flag valuation concerns after a large run (high P/E and steep analyst target dispersion), which may limit further upside and explains some profit‑taking. Lam Research Earnings Beat Highlights AI Demand But Raises Valuation Questions

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.