Lam Research (NASDAQ:LRCX) Price Target Raised to $350.00

Lam Research (NASDAQ:LRCX) had its price objective hoisted by equities researchers at Susquehanna from $325.00 to $350.00 in a research report issued to clients and investors on Thursday,MarketScreener reports. The brokerage currently has a “positive” rating on the semiconductor company’s stock. Susquehanna’s price target suggests a potential upside of 38.55% from the company’s previous close.

Other equities analysts have also issued reports about the company. Morgan Stanley boosted their price target on Lam Research from $254.00 to $260.00 and gave the company an “equal weight” rating in a research note on Monday. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Lam Research in a research report on Monday, December 29th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $290.00 price objective (up from $260.00) on shares of Lam Research in a research note on Thursday, January 29th. Erste Group Bank downgraded shares of Lam Research from a “buy” rating to a “hold” rating in a research report on Thursday, April 2nd. Finally, Evercore set a $275.00 target price on shares of Lam Research in a research note on Thursday, January 29th. Twenty-seven investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat, Lam Research currently has an average rating of “Moderate Buy” and a consensus target price of $246.32.

Lam Research Trading Up 2.5%

Lam Research stock traded up $6.13 during trading hours on Thursday, reaching $252.62. 1,241,958 shares of the company’s stock were exchanged, compared to its average volume of 11,516,902. The firm’s 50 day simple moving average is $226.83 and its 200 day simple moving average is $187.54. Lam Research has a twelve month low of $61.14 and a twelve month high of $256.68. 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 firm has a market capitalization of $315.47 billion, a PE ratio of 52.02, a PEG ratio of 2.35 and a beta of 1.78.

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, beating analysts’ consensus estimates of $1.17 by $0.10. Lam Research had a return on equity of 62.81% and a net margin of 30.22%.The company had revenue of $5.34 billion for the quarter, compared to the consensus estimate of $5.23 billion. During the same period in the previous year, the business earned $0.91 EPS. The firm’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. Research analysts predict that Lam Research will post 3.71 earnings per share for the current year.

Insider Buying and Selling

In related news, CFO Douglas R. Bettinger sold 50,057 shares of Lam Research stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $224.03, for a total value of $11,214,269.71. Following the completion of the sale, the chief financial officer owned 1,081,705 shares of the company’s stock, valued at approximately $242,334,371.15. This trade represents a 4.42% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Ava Harter sold 4,000 shares of the business’s stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $232.50, for a total transaction of $930,000.00. Following the sale, the insider owned 54,705 shares of the company’s stock, valued at $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 a total of 130,886 shares of company stock worth $29,658,802 in the last ninety days. Corporate insiders own 0.31% of the company’s stock.

Hedge Funds Weigh In On Lam Research

Several large investors have recently added to or reduced their stakes in LRCX. Lingohr Asset Management GmbH grew its holdings in 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 acquiring an additional 50,933 shares during the last quarter. Mediolanum International Funds Ltd raised its stake in shares of Lam Research by 52.0% during the third quarter. Mediolanum International Funds Ltd now owns 262,544 shares of the semiconductor company’s stock valued at $34,417,000 after acquiring an additional 89,856 shares during the last quarter. First Citizens Bank & Trust Co. raised its stake in shares of Lam Research by 8.0% during the third quarter. First Citizens Bank & Trust Co. now owns 140,433 shares of the semiconductor company’s stock valued at $18,804,000 after acquiring an additional 10,408 shares during the last quarter. Thoroughbred Financial Services LLC boosted its holdings in shares of Lam Research by 115.2% during the third quarter. Thoroughbred Financial Services LLC now owns 22,198 shares of the semiconductor company’s stock worth $2,972,000 after purchasing an additional 11,883 shares during the period. Finally, Oregon Public Employees Retirement Fund boosted its holdings in shares of Lam Research by 30.9% during the third 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 during the period. Institutional investors own 84.61% of the company’s stock.

Key Stories Impacting Lam Research

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

• Positive Sentiment: Analyst upgrades and bullish forecasts are lifting sentiment — multiple firms (including a Morgan Stanley note) have highlighted upside potential and raised price targets, supporting buying interest. Analyst Upgrade
• Positive Sentiment: Q2 results and AI demand narrative: Lam topped revenue and EPS expectations for Q2, management emphasized AI-driven wafer fab spending, and traders see AI as a sustainment tailwind for advanced etch/deposition tools. Investors expect further clarity on margins and China exposure at the upcoming March-quarter call. Q2 and AI Demand
• Positive Sentiment: Broader semiconductor/tech rally is providing sector lift — Nasdaq-led strength this week helped chip-equipment stocks, amplifying Lam’s gains as investors rotate into AI/semiconductor beneficiaries. Sector Rally
• Neutral Sentiment: Valuation debate: After a sharp multi-month rally, several pieces analyze whether current prices already reflect expected AI-driven growth — this keeps both momentum buyers and value-focused investors engaged but cautious. Valuation Analysis
• Neutral Sentiment: Cantor Fitzgerald presentation reiterated management’s execution and AI opportunity; useful for conviction but contains no new financial guidance. Conference Highlights
• Negative Sentiment: Zacks downgraded LRCX from strong-buy to hold, signaling some analyst caution on near-term upside after the run-up. Zacks Downgrade
• Negative Sentiment: Insider selling: Recent filings show multiple insider sales by senior executives over the past six months — not uncommon at large caps but a watch item for sentiment if selling continues. Insider Activity

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.