Lam Research (NASDAQ:LRCX) Stock Rating Upgraded by Wells Fargo & Company

Lam Research (NASDAQ:LRCX) was upgraded by stock analysts at Wells Fargo & Company from a “hold” rating to a “strong-buy” rating in a report issued on Thursday, MarketBeat.com reports. The brokerage currently has a $250.00 price objective on the semiconductor company’s stock, up from their previous price objective of $145.00. Wells Fargo & Company‘s target price points to a potential upside of 14.96% from the company’s current price.

Other research analysts also recently issued research reports about the stock. Wall Street Zen downgraded shares of Lam Research from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Sanford C. Bernstein restated an “outperform” rating and set a $225.00 price objective (up from $175.00) on shares of Lam Research in a research note on Monday. Needham & Company LLC lifted their target price on Lam Research from $150.00 to $160.00 and gave the company a “buy” rating in a research report on Thursday, October 23rd. Oppenheimer set a $200.00 target price on Lam Research and gave the stock an “outperform” rating in a report on Thursday, October 23rd. Finally, New Street Research raised their price target on Lam Research from $105.00 to $140.00 and gave the company a “neutral” rating in a research note on Thursday, October 23rd. One investment analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $189.55.

Lam Research Stock Up 4.2%

Shares of Lam Research stock opened at $217.47 on Thursday. The firm has a market cap of $273.15 billion, a PE ratio of 47.90, a P/E/G ratio of 2.40 and a beta of 1.77. The business’s 50 day simple moving average is $170.33 and its 200 day simple moving average is $136.11. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.60 and a current ratio of 2.21. Lam Research has a 52-week low of $56.32 and a 52-week high of $229.57.

Lam Research (NASDAQ:LRCX) last released its quarterly earnings results on Wednesday, October 22nd. The semiconductor company reported $1.26 earnings per share for the quarter, topping analysts’ consensus estimates of $1.22 by $0.04. Lam Research had a return on equity of 60.60% and a net margin of 29.66%.The firm had revenue of $5.32 billion during the quarter, compared to the consensus estimate of $5.23 billion. During the same quarter in the prior year, the firm posted $0.86 EPS. The business’s revenue was up 27.7% on a year-over-year basis. Lam Research has set its Q2 2026 guidance at 1.050-1.250 EPS. On average, analysts predict that Lam Research will post 3.71 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Ava Harter sold 9,010 shares of the firm’s stock in a transaction dated Monday, October 27th. The shares were sold at an average price of $157.47, for a total transaction of $1,418,804.70. Following the completion of the sale, the insider owned 56,786 shares in the company, valued at approximately $8,942,091.42. This trade represents a 13.69% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Douglas R. Bettinger sold 40,080 shares of Lam Research stock in a transaction dated Friday, November 14th. The stock was sold at an average price of $150.60, for a total transaction of $6,036,048.00. Following the sale, the chief financial officer directly owned 987,237 shares of the company’s stock, valued at $148,677,892.20. The trade was a 3.90% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 50,418 shares of company stock valued at $7,667,305 over the last three months. Insiders own 0.31% of the company’s stock.

Institutional Investors Weigh In On Lam Research

Hedge funds have recently bought and sold shares of the stock. McLean Asset Management Corp boosted its holdings in shares of Lam Research by 1.3% during the fourth quarter. McLean Asset Management Corp now owns 5,099 shares of the semiconductor company’s stock worth $873,000 after acquiring an additional 65 shares during the period. Retireful LLC acquired a new stake in Lam Research during the 4th quarter worth approximately $283,000. BetterWealth LLC bought a new stake in Lam Research in the 4th quarter valued at $201,000. Capital Advisors Inc. OK grew its holdings in Lam Research by 28.0% in the 4th quarter. Capital Advisors Inc. OK now owns 38,411 shares of the semiconductor company’s stock valued at $6,575,000 after buying an additional 8,398 shares in the last quarter. Finally, Victory Financial Group LLC grew its holdings in Lam Research by 11.5% in the 4th quarter. Victory Financial Group LLC now owns 4,623 shares of the semiconductor company’s stock valued at $791,000 after buying an additional 476 shares in the last quarter. 84.61% of the stock is currently owned by institutional investors and hedge funds.

Key Lam Research News

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

• Positive Sentiment: Stifel Nicolaus raised its Lam Research price target to $250 and kept a Buy rating, citing stronger WFE spending (up to ~10–15% in 2026) that supports higher sales/margins. Stifel Boosts LRCX PT to $250
• Positive Sentiment: Bank of America raised its price target to $245, reinforcing buy-side analyst momentum and expectations for sustained capital expenditure from major customers. BofA Increases LRCX PT to $245
• Positive Sentiment: Rothschild & Co Redburn lifted its target to $225 and maintained a Buy rating—another brokerage upgrade adding sell‑side conviction to the rally. Rothschild & Co Redburn Raises PT
• Positive Sentiment: Seeking Alpha upgraded LRCX (Buy), arguing a “WFE supercycle” driven by AI and memory supply constraints justifies higher EBITDA/FCF forecasts and a base‑case PT near $247 (bull case much higher). SA: WFE Supercycle Changes Valuation
• Positive Sentiment: Broad chip‑equipment optimism lifted peers as well — Barron’s notes TSMC’s heavy spending is boosting suppliers like Lam Research, supporting sectorwide upside. Barron’s: Chip Stocks Getting a Boost
• Neutral Sentiment: Zacks ran pieces assessing Lam as a momentum/analyst‑driven buy—useful framing for traders but largely commentary rather than new fundamental data. Zacks: Momentum Stock Analysis
• Neutral Sentiment: Market commentary/podcasts flagged Lam as a catalyst in early market rallies, reflecting broader equity flows into AI and chip‑equipment names. Wall Street Breakfast Podcast
• Negative Sentiment: Zacks flagged a risk: Lam expects China revenue to fall below 30% in 2026 due to export curbs — a potential headwind if China demand or access weakens, which could temper growth despite AI demand elsewhere. Zacks: China Revenue Risk

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.