Lam Research (NASDAQ:LRCX) Reaches New 12-Month High Following Analyst Upgrade

Lam Research Corporation (NASDAQ:LRCX)’s stock price hit a new 52-week high on Friday after Morgan Stanley raised their price target on the stock from $260.00 to $293.00. Morgan Stanley currently has an equal weight rating on the stock. Lam Research traded as high as $275.84 and last traded at $267.91, with a volume of 2534134 shares trading hands. The stock had previously closed at $258.56.

Other analysts also recently issued research reports about the stock. JPMorgan Chase & Co. lifted their target price on shares of Lam Research from $300.00 to $315.00 and gave the company an “overweight” rating in a report on Thursday. Susquehanna lifted their target price on shares of Lam Research from $350.00 to $385.00 and gave the company a “positive” rating in a report on Thursday. TD Cowen lifted their target price on shares of Lam Research from $290.00 to $340.00 and gave the company a “buy” rating in a report on Thursday. B. Riley Financial reaffirmed a “buy” rating on shares of Lam Research in a report on Monday. Finally, Jefferies Financial Group lifted their target price on shares of Lam Research from $285.00 to $315.00 and gave the company a “buy” rating in a report on Thursday. 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 has an average rating of “Moderate Buy” and an average price target of $283.65.

Insider Buying and Selling

In related news, Director Eric Brandt sold 35,000 shares of the business’s stock in a transaction dated 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 owned 253,705 shares of the company’s stock, valued at approximately $57,235,848. The trade was a 12.12% 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, insider Ava Harter sold 1,500 shares of the business’s stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $222.66, for a total transaction of $333,990.00. Following the sale, the insider directly owned 53,205 shares in the company, valued at approximately $11,846,625.30. This represents a 2.74% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 130,886 shares of company stock valued at $29,658,802. Corporate insiders own 0.31% of the company’s stock.

More Lam Research News

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

• Positive Sentiment: Q3 results beat and management raised Q4 guidance — Lam posted $1.47 EPS on $5.84B revenue (beats) and issued Q4 EPS guidance of $1.50–1.80 with revenue guidance above consensus; the print and outlook underpin the rally. Press Release / Slide Deck
• Positive Sentiment: AI demand driving revenue and margin expansion — Company commentary and analyst notes point to record support sales and strong AI-driven wafer fab equipment demand boosting near-term revenues and margins. Yahoo: Sales surprise & AI demand
• Positive Sentiment: Broad analyst upgrades and big price-target hikes — Multiple firms (TD Cowen, Berenberg, Susquehanna, Jefferies, Mizuho, Bank of America, Wells Fargo, etc.) raised targets and reiterated Buy/Outperform ratings, signaling higher consensus expectations for multi-year WFE (wafer fab equipment) demand. InsiderMonkey: Analyst raises roundup
• Positive Sentiment: JPMorgan and other flagship calls highlight a sustained supercycle — JPMorgan raised its target to $315 and argues the report resets the multi-year WFE framework, supporting further upside. 247WallSt: JPMorgan $315 target
• Neutral Sentiment: Market coverage and earnings-call transcripts available for deeper due diligence — Investors can review the call transcript and slide deck to assess demand sustainability, book-to-bill, and inventory commentary. Seeking Alpha: Earnings transcript
• Neutral Sentiment: Coverage asking if the rally leaves little upside — Several articles question valuation after a large one‑year run and suggest investors weigh future growth vs. rich multiples. Yahoo: Is it too late after 300% surge?
• Negative Sentiment: Valuation concerns flagged by some analysts/commentators — Commentary warns the AI upcycle is real but that the stock’s steep run-up makes it expensive relative to forward multiples, which could cap near-term gains if growth slows. Seeking Alpha: Valuation critique
• Neutral Sentiment: Short-term news flow: trading headlines and summaries — Markets reported the stock trading up after the beat; daily moves will likely track further flow of orders, analyst reactions and any update to supply-chain or backlog commentary. AmericanBankingNews: Trading headlines

Institutional Trading of Lam Research

Several large investors have recently modified their holdings of the business. Vanguard Group Inc. grew its position in shares of Lam Research by 0.3% in the third quarter. Vanguard Group Inc. now owns 130,974,214 shares of the semiconductor company’s stock valued at $17,537,447,000 after purchasing an additional 364,949 shares during the last quarter. State Street Corp grew its position in shares of Lam Research by 0.4% in the third quarter. State Street Corp now owns 59,817,352 shares of the semiconductor company’s stock valued at $8,024,684,000 after purchasing an additional 265,805 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Lam Research by 0.4% in the fourth quarter. Geode Capital Management LLC now owns 33,747,368 shares of the semiconductor company’s stock valued at $5,764,117,000 after purchasing an additional 126,613 shares during the last quarter. Invesco Ltd. grew its position in shares of Lam Research by 7.7% in the fourth quarter. Invesco Ltd. now owns 22,821,354 shares of the semiconductor company’s stock valued at $3,906,559,000 after purchasing an additional 1,638,406 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of Lam Research in the fourth quarter valued at approximately $3,645,427,000. 84.61% of the stock is currently owned by institutional investors and hedge funds.

Lam Research Stock Up 4.1%

The firm’s 50-day moving average price is $234.34 and its 200 day moving average price is $197.02. The firm has a market capitalization of $336.21 billion, a price-to-earnings ratio of 50.78, a price-to-earnings-growth 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 released its quarterly earnings results on Wednesday, April 22nd. The semiconductor company reported $1.47 EPS for the quarter, beating the consensus estimate 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 67.07%. The company’s quarterly revenue was up 23.8% on a year-over-year basis. During the same period in the prior year, the business earned $1.04 earnings per share. Lam Research has set its Q4 2026 guidance at 1.500-1.800 EPS. Sell-side analysts expect that Lam Research Corporation will post 5.29 EPS for the current year.

Lam Research Announces Dividend

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

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.