Lam Research (NASDAQ:LRCX) Rating Increased to Buy at Summit Insights

Lam Research (NASDAQ:LRCX) was upgraded by investment analysts at Summit Insights from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Thursday.

Several other brokerages also recently commented on LRCX. BNP Paribas Exane upped their target price on shares of Lam Research from $80.00 to $140.00 and gave the company a “neutral” rating in a research note on Thursday, October 23rd. Needham & Company LLC reissued a “buy” rating and issued a $250.00 price target (up previously from $160.00) on shares of Lam Research in a report on Tuesday, January 20th. Wells Fargo & Company set a $250.00 price objective on Lam Research and gave the stock an “overweight” rating in a research note on Thursday, January 15th. Barclays set a $250.00 target price on Lam Research in a report on Thursday. Finally, Oppenheimer restated an “outperform” rating and issued a $265.00 price target on shares of Lam Research in a report on Thursday. One analyst has rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $216.26.

Lam Research Trading Up 0.5%

NASDAQ:LRCX opened at $239.58 on Thursday. The company has a current ratio of 2.21, a quick ratio of 1.60 and a debt-to-equity ratio of 0.37. Lam Research has a 1-year low of $56.32 and a 1-year high of $243.99. The firm has a market capitalization of $300.92 billion, a price-to-earnings ratio of 52.77, a PEG ratio of 3.01 and a beta of 1.77. The business’s 50-day moving average price is $183.31 and its two-hundred day moving average price is $144.37.

Lam Research (NASDAQ:LRCX) last posted its earnings results on Wednesday, January 28th. The semiconductor company reported $1.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.17 by $0.10. The company had revenue of $5.34 billion during the quarter, compared to analyst estimates of $5.23 billion. Lam Research had a return on equity of 60.60% and a net margin of 29.66%.The company’s revenue for the quarter was up 22.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.91 EPS. Lam Research has set its Q3 2026 guidance at 1.250-1.450 EPS. On average, equities analysts expect that Lam Research will post 3.71 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Bethany Mayer sold 1,298 shares of the firm’s stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $159.99, for a total transaction of $207,667.02. Following the completion of the transaction, the director directly owned 1,652 shares of the company’s stock, valued at $264,303.48. This trade represents a 44.00% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Douglas R. Bettinger sold 40,080 shares of Lam Research stock in a transaction that occurred on Friday, November 14th. The shares were sold at an average price of $150.60, for a total transaction of $6,036,048.00. Following the completion of the sale, the chief financial officer owned 987,237 shares in the company, valued at $148,677,892.20. This trade represents a 3.90% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 41,408 shares of company stock worth $6,248,501. 0.31% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the business. Norges Bank acquired a new position in shares of Lam Research during the 2nd quarter worth about $1,894,585,000. Arrowstreet Capital Limited Partnership raised its holdings in Lam Research by 781.3% during the third quarter. Arrowstreet Capital Limited Partnership now owns 11,340,865 shares of the semiconductor company’s stock worth $1,518,542,000 after acquiring an additional 10,053,978 shares in the last quarter. JPMorgan Chase & Co. boosted its position in Lam Research by 14.4% during the second quarter. JPMorgan Chase & Co. now owns 40,622,437 shares of the semiconductor company’s stock valued at $3,954,188,000 after purchasing an additional 5,102,589 shares during the last quarter. Invesco Ltd. grew its stake in Lam Research by 18.2% in the third quarter. Invesco Ltd. now owns 21,182,948 shares of the semiconductor company’s stock valued at $2,836,397,000 after purchasing an additional 3,263,658 shares in the last quarter. Finally, Nordea Investment Management AB increased its position in shares of Lam Research by 34.1% during the 2nd quarter. Nordea Investment Management AB now owns 10,594,574 shares of the semiconductor company’s stock worth $1,029,210,000 after purchasing an additional 2,692,189 shares during the last quarter. Institutional investors 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: Lam beat Q2 estimates and guided Q3 above Wall Street expectations (revenue and EPS outlook), driving the strongest near-term catalyst for the stock. Lam Research forecasts strong quarterly results on chipmaking tool demand
• Positive Sentiment: Analysts are lifting ratings and targets after the beat and guidance; Stifel raised its PT to $250 and several firms (including mentions of Goldman/Evercore) are highlighting Lam as a top semiconductor pick. Lam Research (LRCX) Poised to Benefit From Expanding Advanced Foundry and NAND Investments
• Positive Sentiment: Market coverage is decidedly bullish after the print — Barron’s calls the results “extraordinarily bullish,” citing AI-driven content gains that underpin a multi-quarter demand cycle. Lam Research Stock Jumps. Why Earnings Were ‘Extraordinarily Bullish.
• Positive Sentiment: Analyst write-ups and screens (Zacks, Benzinga) highlight LRCX as a top WFE (wafer fabrication equipment) beneficiary of structural AI and foundry/NAND capex — supportive for medium-term revenue growth expectations. Lam Research (LRCX) Q2 Earnings and Revenues Beat Estimates
• Neutral Sentiment: Mizuho and other firms reiterated buy ratings, which supports investor confidence but is incremental given the fresh earnings/guidance beat. Mizuho Securities Remains a Buy on Lam Research (LRCX)
• Negative Sentiment: Risks: commentary and coverage note China-related demand uncertainty and Lam’s history of sharp corrections — factors that could amplify volatility despite strong fundamentals. Why Record Highs For LRCX Stock May Face A Reality Check In 2026

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.