Lam Research (NASDAQ:LRCX) Price Target Raised to $315.00 at JPMorgan Chase & Co.

Lam Research (NASDAQ:LRCX) had its target price hoisted by JPMorgan Chase & Co. from $300.00 to $315.00 in a research note issued to investors on Thursday morning, MarketBeat Ratings reports. JPMorgan Chase & Co. currently has an overweight rating on the semiconductor company’s stock.

LRCX has been the subject of several other research reports. Royal Bank Of Canada raised their target price on shares of Lam Research from $290.00 to $310.00 and gave the stock an “outperform” rating in a report on Thursday. Cantor Fitzgerald reiterated an “overweight” rating and set a $320.00 price objective (up from $265.00) on shares of Lam Research in a report on Thursday, January 29th. Stifel Nicolaus lifted their price objective on shares of Lam Research from $300.00 to $325.00 and gave the company a “buy” rating in a report on Thursday. Zacks Research lowered shares of Lam Research from a “strong-buy” rating to a “hold” rating in a report on Monday, April 6th. Finally, HSBC lifted their price objective on shares of Lam Research from $181.00 to $221.00 and gave the company a “hold” rating in a report on Friday, January 30th. Twenty-six equities 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.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $281.78.

Lam Research Price Performance

Lam Research stock opened at $258.56 on Thursday. The firm has a 50-day moving average price of $234.34 and a 200-day moving average price of $197.02. The firm has a market capitalization of $322.88 billion, a PE ratio of 48.78, a price-to-earnings-growth ratio of 2.83 and a beta of 1.78. The company has a current ratio of 2.26, a quick ratio of 1.61 and a debt-to-equity ratio of 0.37. Lam Research has a 12-month low of $67.55 and a 12-month high of $273.50.

Lam Research (NASDAQ:LRCX) last released its earnings results on Wednesday, April 22nd. The semiconductor company reported $1.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.36 by $0.11. The firm had revenue of $5.84 billion during the quarter, compared to analyst estimates of $5.70 billion. Lam Research had a net margin of 30.94% and a return on equity of 67.07%. The business’s revenue was up 23.8% on a year-over-year basis. During the same quarter last year, the business earned $1.04 EPS. Lam Research has set its Q4 2026 guidance at 1.500-1.800 EPS. As a group, equities research analysts forecast that Lam Research will post 5.29 EPS for the current year.

Lam Research Announces Dividend

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

Insider Buying and Selling at Lam Research

In other Lam Research news, insider Ava Harter sold 4,000 shares of the firm’s stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $232.50, for a total transaction of $930,000.00. Following the transaction, the insider owned 54,705 shares of the company’s stock, valued at approximately $12,718,912.50. This trade represents a 6.81% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Eric Brandt sold 35,000 shares of the firm’s stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $225.60, for a total transaction of $7,896,000.00. Following the transaction, the director directly owned 253,705 shares in the company, valued at $57,235,848. This trade represents a 12.12% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 130,886 shares of company stock valued at $29,658,802. Company insiders own 0.31% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Greenup Street Wealth Management LLC increased its position in Lam Research by 1.8% during the 1st quarter. Greenup Street Wealth Management LLC now owns 2,433 shares of the semiconductor company’s stock valued at $520,000 after purchasing an additional 44 shares during the period. Triumph Capital Management increased its position in Lam Research by 22.5% during the 4th quarter. Triumph Capital Management now owns 245 shares of the semiconductor company’s stock valued at $42,000 after purchasing an additional 45 shares during the period. Traphagen Investment Advisors LLC increased its position in Lam Research by 2.4% during the 4th quarter. Traphagen Investment Advisors LLC now owns 1,963 shares of the semiconductor company’s stock valued at $336,000 after purchasing an additional 46 shares during the period. Bank of Jackson Hole Trust increased its position in Lam Research by 12.6% during the 4th quarter. Bank of Jackson Hole Trust now owns 428 shares of the semiconductor company’s stock valued at $73,000 after purchasing an additional 48 shares during the period. Finally, Field & Main Bank grew its position in shares of Lam Research by 1.1% in the 4th quarter. Field & Main Bank now owns 4,615 shares of the semiconductor company’s stock worth $790,000 after buying an additional 50 shares during the last quarter. Hedge funds and other 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: Q3 beat and upbeat guidance — Lam reported $1.47 EPS and $5.84B revenue (both above expectations) and issued FYQ4 EPS guidance of $1.50–1.80 and revenue guidance above consensus, underpinning the bullish case on AI-driven equipment demand. Press Release
• Positive Sentiment: Wall Street raises targets — Dozens of firms raised price targets and kept buy/overweight ratings (e.g., JPMorgan, BofA, Bernstein, TD Cowen, Susquehanna), signaling renewed analyst conviction in a multi-year wafer‑fab equipment cycle. JPMorgan Target Coverage
• Positive Sentiment: AI / memory tailwinds — Coverage and commentary highlight AI-driven demand (incl. record support sales and memory/DRAM tightness) as a structural revenue and margin driver for Lam’s tools. Deep Dive
• Neutral Sentiment: Analyst detail & metrics — Earnings coverage (Zacks, Seeking Alpha transcripts, slide deck) gives deeper look at backlog, margins and inventory improvements; useful for modeling but not immediately directional. Zacks Analysis
• Neutral Sentiment: Industry supply commentary — Analysts and industry voices (SemiAnalysis) argue DRAM and AI demand could outpace capacity, which supports long‑term demand but also increases cyclicality and capex timing uncertainty. DRAM Demand Article
• Negative Sentiment: Valuation concerns / profit‑taking — Several pieces question whether the run (roughly +300% Y/Y) has priced in too much; some investors are trimming positions given rich multiples and rapid price appreciation. Is It Too Late?
• Negative Sentiment: Analyst caution on price vs. fundamentals — Commentary like Seeking Alpha’s note flags the AI upcycle but argues the stock may be expensive relative to expected returns, a reason for near‑term downside pressure. SA Valuation 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.