Lam Research (NASDAQ:LRCX) Upgraded by Wall Street Zen to “Buy” Rating

Wall Street Zen upgraded shares of Lam Research (NASDAQ:LRCX) from a hold rating to a buy rating in a research report released on Saturday morning.

Several other research firms have also recently issued reports on LRCX. Citigroup reiterated a “buy” rating and set a $315.00 price objective (up from $300.00) on shares of Lam Research in a research report on Thursday, April 23rd. JPMorgan Chase & Co. lifted their price objective on shares of Lam Research from $300.00 to $315.00 and gave the company an “overweight” rating in a research report on Thursday, April 23rd. Royal Bank Of Canada lifted their price objective on shares of Lam Research from $290.00 to $310.00 and gave the company an “outperform” rating in a research report on Thursday, April 23rd. Rothschild & Co Redburn lifted their price objective on shares of Lam Research from $225.00 to $265.00 and gave the company a “buy” rating in a research report on Friday, February 6th. Finally, BNP Paribas Exane boosted their price target on shares of Lam Research from $250.00 to $260.00 and gave the stock a “neutral” rating in a research report on Thursday, April 23rd. Twenty-six investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat, Lam Research currently has a consensus rating of “Moderate Buy” and an average target price of $285.94.

Lam Research Trading Down 0.4%

Lam Research stock opened at $256.78 on Friday. The stock has a market cap of $321.12 billion, a P/E ratio of 48.45, a PEG ratio of 2.12 and a beta of 1.81. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.54 and a quick ratio of 1.77. Lam Research has a 1 year low of $72.59 and a 1 year high of $275.84. The firm’s 50 day moving average price is $236.37 and its 200-day moving average price is $201.49.

Lam Research (NASDAQ:LRCX) last released its quarterly earnings data on Wednesday, April 22nd. The semiconductor company reported $1.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.36 by $0.11. The firm had revenue of $5.84 billion for the quarter, compared to analysts’ expectations of $5.70 billion. Lam Research had a net margin of 30.94% and a return on equity of 66.21%. The company’s revenue for the quarter was up 23.8% compared to the same quarter last year. During the same quarter last year, the business posted $1.04 earnings per share. Lam Research has set its Q4 2026 guidance at 1.500-1.800 EPS. On average, equities analysts predict that Lam Research will post 5.68 earnings per share for the current fiscal year.

Lam Research Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 8th. Stockholders of record on Wednesday, March 4th were paid a dividend of $0.26 per share. 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 19.62%.

Insider Activity

In related news, CFO Douglas R. Bettinger sold 50,057 shares of the company’s stock in a transaction dated 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 directly owned 1,081,705 shares of the company’s stock, valued at $242,334,371.15. This represents a 4.42% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Ava Harter sold 6,010 shares of the company’s stock in a transaction dated Monday, April 27th. The stock was sold at an average price of $258.66, for a total transaction of $1,554,546.60. Following the completion of the sale, the insider directly owned 53,205 shares of the company’s stock, valued at approximately $13,762,005.30. This trade represents a 10.15% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 136,896 shares of company stock valued at $31,213,349. 0.31% of the stock is currently owned by company insiders.

Institutional Trading of Lam Research

A number of hedge funds have recently added to or reduced their stakes in LRCX. Brighton Jones LLC lifted its stake in Lam Research by 1,032.4% in the fourth quarter. Brighton Jones LLC now owns 14,189 shares of the semiconductor company’s stock worth $1,025,000 after acquiring an additional 12,936 shares during the period. Caxton Associates LLP purchased a new stake in shares of Lam Research during the first quarter valued at about $239,000. Gabelli Funds LLC purchased a new stake in shares of Lam Research during the second quarter valued at about $253,000. NewEdge Advisors LLC lifted its position in shares of Lam Research by 2.7% during the second quarter. NewEdge Advisors LLC now owns 100,528 shares of the semiconductor company’s stock valued at $9,785,000 after buying an additional 2,661 shares during the last quarter. Finally, Osterweis Capital Management Inc. lifted its position in shares of Lam Research by 5,206.7% during 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 during the last quarter. 84.61% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting Lam Research

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

• Positive Sentiment: Q3 results and follow-up analyst upgrades highlight continued AI-driven demand and beat Street expectations, supporting near-term revenue/earnings momentum. Analyst Upgrades PT on Lam Research After Q3 Earnings, What’s Next?
• Positive Sentiment: Erste Group raised FY2027 EPS estimates (from $7.02 to $7.74), indicating analysts are increasing medium‑term profit expectations despite a “Hold” rating. Erste Group raises FY2027 EPS
• Positive Sentiment: High-profile portfolio ownership: Lam is highlighted in billionaire Philippe Laffont’s portfolio and cited as a strong YTD performer (roughly +35% YTD), which can attract momentum buyers. Forget Nvidia: This AI Semiconductor Stock in Billionaire Philippe Laffont Portfolio Is Winning in 2026
• Positive Sentiment: Technical: LRCX recently cleared the 20-day simple moving average — a short‑term bullish signal that can draw technical traders. Lam Research Recently Broke Out Above the 20-Day Moving Average
• Neutral Sentiment: Analyst price-target moves are wide-ranging (moves spanning roughly $6 to $105), reflecting divergent views on wafer‑fab equipment demand and valuation — this raises volatility and mixed signals for investors. How The Lam Research (LRCX) Story Is Shifting With New Analyst Targets And Risks
• Neutral Sentiment: Retail and research attention has LRCX trending on stock‑search platforms; that can amplify swings but doesn’t change fundamentals by itself. Lam Research Corporation Is a Trending Stock

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.