Lam Research Corporation (NASDAQ:LRCX) Receives $244.88 Consensus Target Price from Analysts

Lam Research Corporation (NASDAQ:LRCX) has been given an average rating of “Moderate Buy” by the thirty-five brokerages that are covering the stock, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a hold rating, twenty-eight have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $245.1938.

A number of equities research analysts have issued reports on the company. TD Cowen increased their price target on Lam Research from $170.00 to $290.00 and gave the company a “buy” rating in a research report on Thursday, January 29th. Weiss Ratings restated a “buy (b)” rating on shares of Lam Research in a research note on Monday, December 29th. Citigroup lifted their price target on shares of Lam Research from $265.00 to $300.00 and gave the stock a “buy” rating in a research note on Thursday, January 29th. Mizuho set a $265.00 price target on shares of Lam Research in a report on Wednesday, January 28th. Finally, New Street Research raised their price objective on shares of Lam Research from $195.00 to $235.00 and gave the company a “neutral” rating in a report on Friday, January 30th.

Insider Activity

In other news, Director Eric Brandt sold 35,000 shares of the stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $225.60, for a total value of $7,896,000.00. Following the transaction, the director owned 253,705 shares in the company, valued at approximately $57,235,848. This represents a 12.12% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.31% of the company’s stock.

Hedge Funds Weigh In On Lam Research

Several hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings in shares of Lam Research by 0.3% in the 3rd quarter. Vanguard Group Inc. now owns 130,974,214 shares of the semiconductor company’s stock valued at $17,537,447,000 after buying an additional 364,949 shares in the last quarter. State Street Corp lifted its position in Lam Research by 0.4% in the third quarter. State Street Corp now owns 59,817,352 shares of the semiconductor company’s stock valued at $8,024,684,000 after acquiring an additional 265,805 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Lam Research by 14.4% in 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 acquiring an additional 5,102,589 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Lam Research by 3.5% during the second quarter. Geode Capital Management LLC now owns 33,802,736 shares of the semiconductor company’s stock worth $3,280,484,000 after purchasing an additional 1,135,405 shares during the last quarter. Finally, Invesco Ltd. grew its holdings in shares of Lam Research by 7.7% during the fourth quarter. Invesco Ltd. now owns 22,821,354 shares of the semiconductor company’s stock worth $3,906,559,000 after purchasing an additional 1,638,406 shares during the last quarter. 84.61% of the stock is currently owned by hedge funds and other institutional investors.

Key Lam Research News

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

• Positive Sentiment: Lam announced a technology partnership with CEA-Leti, a management reshuffle, and a new Boise, ID facility aimed at advanced memory manufacturing (near key customer Micron) — moves that strengthen its product roadmap and U.S. footprint for next‑generation and specialty semiconductors. Lam Research Resets Technology Path With CEA Leti Deal And Boise Bet
• Positive Sentiment: Lam has sustained a >$5B quarterly revenue run (Q2 FY26 revenue $5.34B, +22% YoY), reflecting strong demand for wafer‑fab equipment from foundries — a key fundamental tailwind for future earnings. Can Foundry Strength Keep Lam Research’s $5B+ Revenue Streak Alive?
• Positive Sentiment: Morgan Stanley raised its price target on LRCX from $244 to $254 (maintaining an “equal weight” rating), signaling modest analyst conviction in upside versus current levels. Benzinga
• Neutral Sentiment: Lam has become a focus of investor attention (increased search/interest on Zacks), which can amplify intraday moves but doesn’t by itself change fundamentals. Investors Heavily Search Lam Research Corporation (LRCX): Here is What You Need to Know
• Negative Sentiment: Semiconductor stocks sold off in the afternoon on a “buy-the-rumor, sell-the-news” reaction to Nvidia’s earnings/guide — a sector-wide dynamic that pulled down Lam along with peers like Applied Materials and Broadcom. Applied Materials, Broadcom, Lam Research, Western Digital, and Allegro MicroSystems Shares Are Falling, What You Need To Know
• Negative Sentiment: Real-time market coverage noted that LRCX fell more steeply than the broader market today, reflecting short-term selling pressure despite its recent strong results. Lam Research (LRCX) Falls More Steeply Than Broader Market: What Investors Need to Know

Lam Research Price Performance

Shares of LRCX opened at $239.07 on Friday. The company has a market cap of $298.54 billion, a P/E ratio of 48.99, a PEG ratio of 2.67 and a beta of 1.78. Lam Research has a fifty-two week low of $56.32 and a fifty-two week high of $256.68. The company has a quick ratio of 1.61, a current ratio of 2.26 and a debt-to-equity ratio of 0.37. The firm’s 50 day moving average price is $215.67 and its 200 day moving average price is $163.89.

Lam Research (NASDAQ:LRCX) last posted its quarterly earnings results on Wednesday, January 28th. The semiconductor company reported $1.27 EPS for the quarter, topping the consensus estimate of $1.17 by $0.10. The business had revenue of $5.34 billion during the quarter, compared to the consensus estimate of $5.23 billion. Lam Research had a net margin of 30.22% and a return on equity of 62.81%. The company’s quarterly revenue was up 22.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.91 earnings per share. Lam Research has set its Q3 2026 guidance at 1.250-1.450 EPS. On average, research analysts forecast that Lam Research will post 3.71 earnings per share for the current fiscal year.

Lam Research Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 8th. Shareholders of record on Wednesday, March 4th will be issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend is Wednesday, March 4th. Lam Research’s payout ratio is 21.31%.

About Lam Research

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.