Lam Research (NASDAQ:LRCX) Trading 2.6% Higher – Should You Buy?

Lam Research Corporation (NASDAQ:LRCX) was up 2.6% during mid-day trading on Wednesday . The company traded as high as $225.12 and last traded at $222.99. Approximately 8,311,561 shares traded hands during trading, a decline of 33% from the average daily volume of 12,345,448 shares. The stock had previously closed at $217.27.

More Lam Research News

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

• Positive Sentiment: Lam opened a new Boise, ID office to deepen R&D and manufacturing collaboration with Micron, reinforcing Lam’s role in the U.S. memory/AI supply chain and supporting demand visibility for memory-focused tools. Read More.
• Positive Sentiment: Recent quarterly results remain a tailwind: Lam beat EPS and revenue expectations and issued mid‑cycle guidance, which underpins analyst bullishness and the multi‑quarter recovery narrative. Read More.
• Positive Sentiment: Zacks added LRCX to its Rank #1 (Strong Buy) list on March 4, which can attract momentum buyers and retail flows. Read More.
• Positive Sentiment: Analysts have been raising targets and maintaining Buy ratings recently (several firms hiked price targets), supporting medium‑term upside expectations and investor conviction. Read More.
• Neutral Sentiment: Management presented at the Morgan Stanley TMT conference — useful for incremental order/color but contained no new, market‑moving guidance; investors will parse the transcript for demand cadence. Read More.
• Neutral Sentiment: Technical commentary suggests potential further near‑term upside targets, but these are speculative and can increase intraday volatility rather than change fundamentals. Read More.
• Negative Sentiment: Memory and storage stocks plunged early after South Korea’s KOSPI fell on renewed Middle East conflict/energy shock fears (LNG). Because Lam supplies equipment to memory makers (e.g., Micron), the sector rout dragged LRCX lower in the afternoon session. Read More. Read More.
• Negative Sentiment: Significant insider selling was reported (CFO sold ~40,329 shares; another insider sold 4,000 shares). Large, contemporaneous Form 4 sales can create short‑term selling pressure or investor concern despite insiders retaining large positions. Read More.
• Negative Sentiment: Near‑term underperformance versus peers was noted, which can trigger algorithmic and momentum selling into weakness. Read More.

Analysts Set New Price Targets

A number of research firms recently commented on LRCX. Needham & Company LLC lifted their price target on shares of Lam Research from $250.00 to $300.00 and gave the stock a “buy” rating in a report on Thursday, January 29th. Evercore set a $275.00 target price on Lam Research in a research note on Thursday, January 29th. KeyCorp reaffirmed a “sector weight” rating on shares of Lam Research in a research report on Thursday, January 29th. HSBC lifted their price objective on Lam Research from $181.00 to $221.00 and gave the stock a “hold” rating in a report on Friday, January 30th. Finally, Stifel Nicolaus upped their price objective on shares of Lam Research from $250.00 to $280.00 and gave the company a “buy” rating in a report on Thursday, January 29th. One research analyst has rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $245.19.

Lam Research Stock Performance

The stock has a market capitalization of $278.46 billion, a P/E ratio of 45.69, a PEG ratio of 2.49 and a beta of 1.77. The company has a quick ratio of 1.61, a current ratio of 2.26 and a debt-to-equity ratio of 0.37. The company has a 50-day moving average price of $218.86 and a two-hundred day moving average price of $167.34.

Lam Research (NASDAQ:LRCX) last issued its quarterly earnings data on Wednesday, January 28th. The semiconductor company reported $1.27 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 company had revenue of $5.34 billion during the quarter, compared to analysts’ expectations of $5.23 billion. During the same quarter in the previous year, the company earned $0.91 earnings per share. Lam Research’s revenue for the quarter 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 analysts expect that Lam Research Corporation will post 3.71 earnings per share for the current year.

Lam Research Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 8th. Investors of record on Wednesday, March 4th will be paid a dividend of $0.26 per share. The ex-dividend date of this dividend is Wednesday, March 4th. This represents a $1.04 annualized dividend and a yield of 0.5%. Lam Research’s dividend payout ratio (DPR) is currently 21.31%.

Insiders Place Their Bets

In other Lam Research news, 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 sale, the director owned 253,705 shares of the company’s stock, valued at $57,235,848. This trade represents a 12.12% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Ava Harter sold 4,000 shares of Lam Research stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $232.50, for a total value of $930,000.00. Following the sale, the insider owned 54,705 shares of the company’s stock, valued at approximately $12,718,912.50. This trade represents a 6.81% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 79,329 shares of company stock worth $18,110,542 in the last ninety days. 0.31% of the stock is currently owned by insiders.

Institutional Trading of Lam Research

A number of hedge funds have recently made changes to their positions in LRCX. Lingohr Asset Management GmbH lifted its position in shares of Lam Research by 590.7% in the 3rd quarter. Lingohr Asset Management GmbH now owns 59,555 shares of the semiconductor company’s stock worth $7,974,000 after purchasing an additional 50,933 shares during the period. Mediolanum International Funds Ltd raised its stake in Lam Research by 52.0% in the third quarter. Mediolanum International Funds Ltd now owns 262,544 shares of the semiconductor company’s stock worth $34,417,000 after buying an additional 89,856 shares in the last quarter. First Citizens Bank & Trust Co. lifted its holdings in Lam Research by 8.0% in the third quarter. First Citizens Bank & Trust Co. now owns 140,433 shares of the semiconductor company’s stock worth $18,804,000 after buying an additional 10,408 shares during the period. Thoroughbred Financial Services LLC boosted its position in Lam Research by 115.2% during the 3rd quarter. Thoroughbred Financial Services LLC now owns 22,198 shares of the semiconductor company’s stock valued at $2,972,000 after acquiring an additional 11,883 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund boosted its position in Lam Research by 30.9% during the 3rd quarter. Oregon Public Employees Retirement Fund now owns 144,656 shares of the semiconductor company’s stock valued at $19,369,000 after acquiring an additional 34,147 shares in the last quarter. 84.61% of the stock is owned by institutional investors.

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.