Lam Research (NASDAQ:LRCX) Stock Price Expected to Rise, Barclays Analyst Says

Lam Research (NASDAQ:LRCX) had its price objective raised by investment analysts at Barclays from $275.00 to $335.00 in a research note issued on Wednesday,MarketScreener reports. The brokerage currently has an “equal weight” rating on the semiconductor company’s stock. Barclays‘s price objective indicates a potential upside of 2.40% from the company’s previous close.

A number of other equities analysts also recently commented on the company. Deutsche Bank Aktiengesellschaft increased their price objective on Lam Research from $300.00 to $325.00 and gave the stock a “buy” rating in a report on Thursday, April 23rd. Berenberg Bank lifted their target price on shares of Lam Research from $265.00 to $335.00 and gave the company a “buy” rating in a research note on Thursday, April 23rd. Morgan Stanley upgraded shares of Lam Research from an “underweight” rating to an “overweight” rating and raised their price target for the company from $293.00 to $331.00 in a report on Monday, May 18th. Wall Street Zen cut shares of Lam Research from a “buy” rating to a “hold” rating in a report on Sunday, May 10th. Finally, JPMorgan Chase & Co. increased their target price on shares of Lam Research from $300.00 to $315.00 and gave the stock an “overweight” rating in a research report on Thursday, April 23rd. Twenty-seven analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Lam Research currently has an average rating of “Moderate Buy” and an average target price of $311.85.

Lam Research Trading Up 0.8%

Lam Research stock opened at $327.16 on Wednesday. Lam Research has a 12 month low of $87.75 and a 12 month high of $349.09. The company has a quick ratio of 1.77, a current ratio of 2.54 and a debt-to-equity ratio of 0.35. The stock has a market cap of $409.14 billion, a P/E ratio of 61.73, a P/E/G ratio of 2.69 and a beta of 1.85. The company’s fifty day simple moving average is $277.79 and its 200-day simple moving average is $229.81.

Lam Research (NASDAQ:LRCX) last released its quarterly earnings data on Wednesday, April 22nd. The semiconductor company reported $1.47 earnings per share (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 during the quarter, compared to analysts’ expectations of $5.70 billion. During the same quarter last year, the firm earned $1.04 earnings per share. The business’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. As a group, sell-side analysts forecast that Lam Research will post 5.67 EPS for the current fiscal year.

Insider Activity

In related news, SVP Neil J. Fernandes sold 7,659 shares of the company’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $309.60, for a total value of $2,371,226.40. Following the completion of the transaction, the senior vice president directly owned 58,470 shares in the company, valued at approximately $18,102,312. This represents a 11.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Ava Harter sold 6,010 shares of Lam Research stock in a transaction 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 sale, the insider owned 53,205 shares in the company, valued at $13,762,005.30. This represents a 10.15% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 31,839 shares of company stock valued at $8,561,667. 0.31% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Lam Research

Several large investors have recently modified their holdings of LRCX. PMV Capital Advisers LLC bought a new stake in Lam Research in the fourth quarter valued at $25,000. Stance Capital LLC bought a new stake in shares of Lam Research in the 3rd quarter worth about $26,000. Bayban acquired a new stake in shares of Lam Research during the 4th quarter worth about $26,000. Vermillion Wealth Management Inc. bought a new position in Lam Research during the 1st quarter valued at about $26,000. Finally, Cedar Mountain Advisors LLC boosted its position in Lam Research by 242.9% in the first quarter. Cedar Mountain Advisors LLC now owns 120 shares of the semiconductor company’s stock valued at $26,000 after buying an additional 85 shares in the last quarter. 84.61% of the stock is currently owned by institutional investors.

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.