Lam Research (LRCX) – Investment Analysts’ Weekly Ratings Changes

Several analysts have recently updated their ratings and price targets for Lam Research (NASDAQ: LRCX):

• 10/24/2026 – Lam Research was upgraded by Wall Street Zen from “hold” to “buy”.
• 10/22/2026 – Lam Research had its “buy” rating reaffirmed by UBS Group. They now have a $400.00 price target on the stock, down from $425.00.
• 10/22/2026 – Lam Research had its “buy” rating reaffirmed by Bank of America. They now have a $345.00 price target on the stock.
• 10/22/2026 – Lam Research was given a new $339.00 price target by Morgan Stanley. They now have an “overweight” rating on the stock.
• 10/22/2026 – Lam Research had its “buy” rating reaffirmed by Citigroup. They now have a $435.00 price target on the stock, down from $450.00.
• 10/22/2026 – Lam Research was downgraded by Zacks Research from “strong-buy” to “hold”.
• 10/22/2026 – Lam Research had its price target lowered by Mizuho from $365.00 to $360.00. They now have an “outperform” rating on the stock.
• 10/22/2026 – Lam Research had its price target lowered by Needham & Company LLC from $390.00 to $290.00. They now have a “buy” rating on the stock.
• 10/20/2026 – Lam Research was given a new $315.00 price target by Evercore.
• 10/19/2026 – Lam Research had its “buy” rating reaffirmed by Deutsche Bank Aktiengesellschaft. They now have a $375.00 price target on the stock.
• 10/5/2026 – Lam Research had its “overweight” rating reaffirmed by Morgan Stanley. They now have a $385.00 price target on the stock, up from $367.00.
• 10/1/2026 – Lam Research was given a new $390.00 price target by Fundamental Research.
• 10/1/2026 – Lam Research had its price target raised by B. Riley Financial from $350.00 to $390.00. They now have a “buy” rating on the stock.
• 9/9/2026 – Lam Research was given a new $420.00 price target by Berenberg Bank.
• 9/4/2026 – Lam Research was downgraded by Weiss Ratings from “buy (b)” to “buy (b-)”.

Lam Research Price Performance

Shares of NASDAQ LRCX traded up $3.16 during midday trading on Tuesday, reaching $230.72. 10,721,197 shares of the company were exchanged, compared to its average volume of 10,791,811. The stock’s 50-day moving average price is $291.15 and its 200-day moving average price is $283.95. The stock has a market cap of $288.21 billion, a P/E ratio of 34.38, a PEG ratio of 0.94 and a beta of 1.85. Lam Research Corporation has a one year low of $135.50 and a one year high of $438.50. The company has a quick ratio of 1.86, a current ratio of 2.48 and a debt-to-equity ratio of 0.27.

Lam Research (NASDAQ:LRCX) last announced its quarterly earnings results on Wednesday, October 21st. The semiconductor company reported $2.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.18 by $0.02. Lam Research had a net margin of 32.34% and a return on equity of 72.15%. The company had revenue of $8.22 billion during the quarter, compared to the consensus estimate of $8.14 billion. During the same period in the prior year, the business earned $1.26 earnings per share. The company’s revenue for the quarter was up 54.4% compared to the same quarter last year. On average, sell-side analysts anticipate that Lam Research Corporation will post 9.59 earnings per share for the current fiscal year.

Lam Research Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 14th. Shareholders of record on Wednesday, September 23rd were issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend was Wednesday, September 23rd. This is a boost from Lam Research’s previous quarterly dividend of $0.26. Lam Research’s payout ratio is currently 19.67%.

Insider Activity

In other news, Director Bethany Mayer sold 9,557 shares of the business’s stock in a transaction dated Wednesday, September 9th. The stock was sold at an average price of $314.74, for a total transaction of $3,007,970.18. Following the sale, the director directly owned 20,995 shares in the company, valued at approximately $6,607,966.30. The trade was a 31.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Ava Harter sold 5,000 shares of the business’s stock in a transaction dated Monday, August 31st. The stock was sold at an average price of $302.46, for a total value of $1,512,300.00. Following the sale, the insider owned 42,462 shares in the company, valued at approximately $12,843,056.52. This trade represents a 10.53% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.31% of the stock is currently owned by company insiders.

Lam Research Corporation (NASDAQ:LRCX) is a semiconductor equipment company that develops and manufactures systems used to fabricate integrated circuits. Its technologies support key stages of wafer processing, helping semiconductor manufacturers create the increasingly complex structures found in memory, logic and other types of chips.

The company’s product portfolio includes etch systems, which selectively remove materials from wafers; deposition systems, which apply thin films; and cleaning solutions used to remove contaminants and residue during manufacturing.