Lam Research (NASDAQ:LRCX) Rating Increased to Strong-Buy at Seaport Research Partners

Seaport Research Partners upgraded shares of Lam Research (NASDAQ:LRCX) to a strong-buy rating in a report published on Monday morning,Zacks.com reports.

A number of other research firms have also weighed in on LRCX. Wall Street Zen upgraded shares of Lam Research from a “hold” rating to a “buy” rating in a research note on Saturday. KeyCorp restated a “sector weight” rating on shares of Lam Research in a research report on Thursday, January 29th. Citic Securities increased their price target on Lam Research from $165.00 to $275.00 and gave the stock a “buy” rating in a research report on Friday, January 30th. Mizuho lifted their price objective on Lam Research from $295.00 to $330.00 and gave the company an “outperform” rating in a research note on Thursday, April 23rd. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on Lam Research from $300.00 to $325.00 and gave the company a “buy” rating in a report on Thursday, April 23rd. Twenty-six equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $285.94.

Lam Research Trading Up 6.7%

Shares of NASDAQ:LRCX opened at $275.80 on Monday. The company has a quick ratio of 1.77, a current ratio of 2.54 and a debt-to-equity ratio of 0.35. Lam Research has a 52-week low of $72.59 and a 52-week high of $280.00. The stock has a market cap of $344.91 billion, a price-to-earnings ratio of 52.04, a PEG ratio of 2.14 and a beta of 1.81. The business has a 50-day moving average price of $236.99 and a 200-day moving average price of $202.86.

Lam Research (NASDAQ:LRCX) last issued its earnings results on Wednesday, April 22nd. The semiconductor company reported $1.47 EPS for the quarter, beating analysts’ consensus estimates of $1.36 by $0.11. Lam Research had a return on equity of 66.21% and a net margin of 30.94%.The firm had revenue of $5.84 billion for the quarter, compared to analyst estimates of $5.70 billion. During the same quarter in the prior year, the firm earned $1.04 earnings per share. Lam Research’s revenue for the quarter was up 23.8% on a year-over-year basis. Lam Research has set its Q4 2026 guidance at 1.500-1.800 EPS. Equities analysts predict that Lam Research will post 5.68 EPS for the current year.

Insider Activity at Lam Research

In other Lam Research news, insider Ava Harter sold 6,010 shares of the business’s stock in a transaction that occurred on Monday, April 27th. The stock was sold at an average price of $258.66, for a total transaction of $1,554,546.60. Following the completion of the sale, the insider directly owned 53,205 shares in the company, valued at approximately $13,762,005.30. The trade was a 10.15% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Douglas R. Bettinger sold 50,057 shares of the firm’s stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $224.03, for a total value of $11,214,269.71. Following the completion of the transaction, the chief financial officer owned 1,081,705 shares in the company, valued at approximately $242,334,371.15. This trade represents a 4.42% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 155,066 shares of company stock worth $35,849,242 over the last three months. Company insiders own 0.31% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in LRCX. Vanguard Group Inc. boosted its stake in Lam Research by 0.3% during the 3rd quarter. Vanguard Group Inc. now owns 130,974,214 shares of the semiconductor company’s stock worth $17,537,447,000 after purchasing an additional 364,949 shares during the last quarter. State Street Corp lifted its stake in shares of Lam Research by 0.4% in the third quarter. State Street Corp now owns 59,817,352 shares of the semiconductor company’s stock worth $8,024,684,000 after buying an additional 265,805 shares in the last quarter. Geode Capital Management LLC boosted its position in Lam Research by 0.4% during the fourth quarter. Geode Capital Management LLC now owns 33,747,368 shares of the semiconductor company’s stock worth $5,764,117,000 after acquiring an additional 126,613 shares during the last quarter. Invesco Ltd. boosted its position in 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 acquiring an additional 1,638,406 shares during the last quarter. Finally, Norges Bank purchased a new stake in Lam Research during the 4th quarter valued at about $3,645,427,000. 84.61% of the stock is owned by institutional investors and hedge funds.

Lam Research News Summary

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

• Positive Sentiment: Quarterly beat and bullish June-quarter guide — Lam reported stronger-than-expected March revenue and EPS and guided the June quarter higher, which traders say signals accelerating wafer-fab demand tied to AI and drove the initial re-rate. Read More.
• Positive Sentiment: New sell-side coverage: Seaport Global initiated coverage with a Buy, adding institutional validation and a fresh price target that supports further upside. Read More.
• Positive Sentiment: Consensus and analyst upgrades — Multiple firms have raised targets and the consensus rating sits at “Moderate Buy,” lifting conviction that estimates and target prices will move higher. Read More.
• Positive Sentiment: Industry capacity constraints are tightening — Coverage on KLA highlights that inspection/process-control and etch/deposition suppliers (including Lam) are running near capacity as chipmakers scale AI fabs, implying sustained equipment demand and pricing leverage. Read More.
• Positive Sentiment: Analyst bull pieces and raised TAM estimates — Several deep-dive notes (Seeking Alpha, others) argue expanding WFE and hyperscaler capex raise Lam’s long-term revenue runway and margin upside. Read More.
• Neutral Sentiment: Technical/market commentary: IBD named LRCX Stock of the Day and notes the name cleared a buy point — helpful for momentum traders but not a fundamental change. Read More.
• Neutral Sentiment: Media pieces highlighting the multi-year rally and price-target lifts — useful context on sentiment; they summarize the run-up but don’t add new company-specific catalysts. Read More.
• Negative Sentiment: Insider selling disclosure — an SVP sold ~18,170 shares under a pre-arranged 10b5-1 plan; while flagged by the market, the trade was planned and not seen as a company signal by most analysts. Read More.
• Negative Sentiment: Valuation caution — some commentary warns LRCX is approaching frothy levels after the run; that raises the risk of near-term mean reversion if macro or demand signals soften. Read More.

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.