Lam Research (NASDAQ:LRCX) Shares Up 7.7% – Time to Buy?

Lam Research Corporation (NASDAQ:LRCX) shares shot up 7.7% during mid-day trading on Wednesday . The company traded as high as $297.87 and last traded at $297.17. 14,534,845 shares were traded during mid-day trading, an increase of 30% from the average session volume of 11,207,672 shares. The stock had previously closed at $275.80.

Trending Headlines about Lam Research

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

• Positive Sentiment: B. Riley raised its price target on Lam Research to $350 from $330 and kept a Buy rating, citing strong earnings and solid execution. Why Analysts Are Growing More Confident In Lam Research (LRCX)
• Positive Sentiment: Erste Group Bank lifted FY2027 EPS estimates for Lam Research to $7.88 from $7.74, suggesting analysts see better long-term earnings power. Lam Research stock page
• Positive Sentiment: Recent coverage highlights Lam Research as an AI-fab beneficiary with orders beating expectations, supporting the case for further upside after a sharp rally. Lam Research (LRCX) Is Up 19.5% After AI-Fab Orders Beat Expectations Has The Bull Case Changed?
• Neutral Sentiment: Some commentary notes the stock has already surged dramatically over the past year, which may raise overbought concerns even as Wall Street remains constructive. Lam Research Has Surged 300% in a Year. Wall Street Sees More Gains Still Ahead
• Neutral Sentiment: Investor articles argue the rally may still have room to run, but that view is speculative rather than a direct fundamental update. Why Lam Research Still Looks Like a Buy After a 300% Rally

Wall Street Analyst Weigh In

LRCX has been the subject of a number of research reports. HSBC raised their price objective on Lam Research from $221.00 to $247.00 and gave the stock a “hold” rating in a research report on Friday, April 24th. Stifel Nicolaus raised their price objective on Lam Research from $300.00 to $325.00 and gave the stock a “buy” rating in a research report on Thursday, April 23rd. Rothschild & Co Redburn raised their price objective on Lam Research from $225.00 to $265.00 and gave the stock a “buy” rating in a research report on Friday, February 6th. Evercore raised their price objective on Lam Research from $275.00 to $300.00 and gave the stock an “outperform” rating in a research report on Thursday, April 23rd. Finally, New Street Research raised their price objective on Lam Research from $235.00 to $280.00 and gave the stock a “neutral” rating in a research report on Monday, April 27th. Twenty-six investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $285.94.

Lam Research Price Performance

The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.77 and a current ratio of 2.54. The firm has a market cap of $367.73 billion, a P/E ratio of 55.48, a P/E/G ratio of 2.37 and a beta of 1.81. The company has a 50-day moving average of $238.93 and a 200 day moving average of $204.97.

Lam Research (NASDAQ:LRCX) last posted its earnings results on Wednesday, April 22nd. The semiconductor company reported $1.47 EPS for the quarter, topping the consensus estimate of $1.36 by $0.11. The business had revenue of $5.84 billion during the quarter, compared to the consensus estimate of $5.70 billion. Lam Research had a return on equity of 66.21% and a net margin of 30.94%.Lam Research’s revenue was up 23.8% on a year-over-year basis. During the same quarter last year, the company earned $1.04 EPS. Lam Research has set its Q4 2026 guidance at 1.500-1.800 EPS. On average, sell-side analysts anticipate that Lam Research Corporation will post 5.67 EPS for the current year.

Insider Buying and Selling

In related news, CFO Douglas R. Bettinger sold 50,057 shares of the firm’s stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $224.03, for a total transaction 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 $242,334,371.15. This trade represents a 4.42% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Neil J. Fernandes sold 18,170 shares of Lam Research stock in a transaction on Friday, May 1st. The shares were sold at an average price of $255.14, for a total value of $4,635,893.80. Following the completion of the transaction, the senior vice president owned 66,129 shares of the company’s stock, valued at approximately $16,872,153.06. The trade was a 21.55% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 120,066 shares of company stock worth $27,953,242 in the last 90 days. 0.31% of the stock is owned by company insiders.

Hedge Funds Weigh In On Lam Research

Several institutional investors have recently bought and sold shares of the business. Oslo Pensjonsforsikring AS bought a new position in Lam Research in the 1st quarter valued at $1,118,000. Baader Bank Aktiengesellschaft raised its position in Lam Research by 123.3% in the 1st quarter. Baader Bank Aktiengesellschaft now owns 16,530 shares of the semiconductor company’s stock valued at $3,435,000 after purchasing an additional 9,126 shares during the last quarter. DJE Kapital AG bought a new position in Lam Research in the 1st quarter valued at $91,828,000. Summit Asset Management LLC bought a new position in Lam Research in the 1st quarter valued at $248,000. Finally, Wilkerson Advisory Group LLC raised its position in Lam Research by 102.1% in the 1st quarter. Wilkerson Advisory Group LLC now owns 394 shares of the semiconductor company’s stock valued at $84,000 after purchasing an additional 199 shares during the last quarter. Institutional investors own 84.61% of the company’s stock.

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.