Lam Research (NASDAQ:LRCX) Raised to Moderate Buy at Royal Bank Of Canada

Lam Research (NASDAQ:LRCX) was upgraded by stock analysts at Royal Bank Of Canada to a “moderate buy” rating in a note issued to investors on Wednesday,Zacks.com reports.

Other analysts also recently issued research reports about the stock. The Goldman Sachs Group restated a “buy” rating and set a $180.00 price objective on shares of Lam Research in a research report on Friday, January 9th. Cowen reissued a “buy” rating on shares of Lam Research in a research report on Thursday, October 23rd. Hsbc Global Res upgraded Lam Research to a “hold” rating in a research report on Tuesday, September 30th. Oppenheimer set a $200.00 target price on Lam Research and gave the company an “outperform” rating in a report on Thursday, October 23rd. Finally, Evercore ISI raised their price target on Lam Research from $115.00 to $170.00 and gave the stock an “outperform” rating in a research note on Thursday, October 23rd. Twenty-eight research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat, Lam Research currently has a consensus rating of “Moderate Buy” and an average target price of $189.55.

Lam Research Trading Up 2.0%

Lam Research stock traded up $4.42 during midday trading on Wednesday, reaching $221.89. 1,724,019 shares of the stock traded hands, compared to its average volume of 13,636,081. The firm has a market cap of $278.70 billion, a PE ratio of 48.68, a price-to-earnings-growth ratio of 2.40 and a beta of 1.77. Lam Research has a 12-month low of $56.32 and a 12-month high of $229.57. The company has a current ratio of 2.21, a quick ratio of 1.60 and a debt-to-equity ratio of 0.37. The company has a 50-day simple moving average of $170.33 and a two-hundred day simple moving average of $136.11.

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

Insider Transactions at Lam Research

In other Lam Research 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 transaction, the insider directly 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 legal 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 that occurred on Friday, November 14th. The stock was sold at an average price of $150.60, for a total value of $6,036,048.00. Following the transaction, the chief financial officer owned 987,237 shares of the company’s stock, valued at $148,677,892.20. This represents a 3.90% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 50,418 shares of company stock valued at $7,667,305 in the last 90 days. 0.31% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Lam Research

Hedge funds have recently made changes to their positions in the business. Sava Infond d.o.o. raised its holdings in Lam Research by 3.1% in the second quarter. Sava Infond d.o.o. now owns 75,250 shares of the semiconductor company’s stock valued at $7,325,000 after acquiring an additional 2,250 shares in the last quarter. Oregon Public Employees Retirement Fund increased its holdings in shares of Lam Research by 30.9% in the 3rd quarter. Oregon Public Employees Retirement Fund now owns 144,656 shares of the semiconductor company’s stock valued at $19,369,000 after acquiring an additional 34,147 shares during the last quarter. Horizon Bancorp Inc. IN acquired a new stake in shares of Lam Research during the 2nd quarter valued at approximately $389,000. Genus Capital Management Inc. bought a new stake in Lam Research during the second quarter valued at $14,476,000. Finally, Diversified Trust Co lifted its position in shares of Lam Research by 34.4% in the 3rd quarter. Diversified Trust Co now owns 31,922 shares of the semiconductor company’s stock worth $4,274,000 after buying an additional 8,172 shares during the last quarter. Institutional investors and hedge funds own 84.61% of the company’s stock.

Lam Research News Summary

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

• Positive Sentiment: Wells Fargo upgraded LRCX from Equal Weight to Overweight and raised its price target to $250 (from $145), citing stronger demand assumptions; that sizable PT lift is a direct bullish catalyst. Wells Fargo upgrade
• Positive Sentiment: Stifel Nicolaus raised its price target to $250 and refreshed WFE spending forecasts (now calling for up to ~10–15% YoY growth), supporting higher sales/margins for LRCX. This underpins buy-side enthusiasm. Stifel PT raise
• Positive Sentiment: Bank of America increased its price target to $245, another large PT bump from a major house that reinforces the consensus upgrade trajectory. BofA PT raise
• Positive Sentiment: RBC upgraded the stock to a “moderate buy,” adding to the cluster of bullish analyst actions that typically drive short-term buying and improve liquidity. RBC upgrade
• Positive Sentiment: Rothschild & Co Redburn raised its PT to $225 and reiterated a Buy rating — another institutional endorsement supporting higher valuation multiples. Rothschild PT raise
• Positive Sentiment: Seeking Alpha and other analyst notes argue a WFE “supercycle” (AI + memory-driven capex) justifies higher earnings and revised valuation scenarios — analysts show base-case PTs in the $245–$291 range, boosting investor expectations. Seeking Alpha upgrade note
• Positive Sentiment: Macro/news context: Barron’s and market coverage highlight heavy TSMC and global chip capex, which benefits tool suppliers like Lam and helps justify multiple expansion. Barron’s chip capex coverage
• Neutral Sentiment: General momentum and stock-profile pieces (Zacks, Benzinga) explain why LRCX has been a top performer this cycle; useful for sentiment context but less likely to move price materially on their own. Zacks momentum piece

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.