Lam Research (NASDAQ:LRCX) Price Target Raised to $235.00

Lam Research (NASDAQ:LRCX) had its price target lifted by equities research analysts at New Street Research from $195.00 to $235.00 in a research note issued to investors on Friday,MarketScreener reports. The firm presently has a “neutral” rating on the semiconductor company’s stock. New Street Research’s target price points to a potential downside of 5.31% from the stock’s previous close.

Other analysts also recently issued research reports about the company. Citigroup boosted their price objective on Lam Research from $265.00 to $300.00 and gave the company a “buy” rating in a research report on Thursday. KeyCorp reiterated a “sector weight” rating on shares of Lam Research in a research note on Thursday. Berenberg Bank lifted their price objective on shares of Lam Research from $122.00 to $165.00 and gave the company a “buy” rating in a research report on Thursday, October 23rd. Oppenheimer restated an “outperform” rating and set a $265.00 price objective on shares of Lam Research in a research report on Thursday. Finally, Citic Securities boosted their price target on Lam Research from $165.00 to $275.00 and gave the company a “buy” rating in a report on Friday. One analyst has rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $238.32.

Lam Research Price Performance

Lam Research stock opened at $248.17 on Friday. The firm has a market cap of $311.71 billion, a PE ratio of 50.85, a price-to-earnings-growth ratio of 3.03 and a beta of 1.77. Lam Research has a one year low of $56.32 and a one year high of $251.38. The stock’s fifty day moving average price is $185.48 and its two-hundred day moving average price is $145.09. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.21 and a quick ratio of 1.60.

Lam Research (NASDAQ:LRCX) last issued its earnings results on Wednesday, January 28th. The semiconductor company reported $1.27 EPS for the quarter, beating analysts’ consensus estimates of $1.17 by $0.10. Lam Research had a return on equity of 63.28% and a net margin of 30.22%.The business had revenue of $5.34 billion during the quarter, compared to analyst estimates of $5.23 billion. During the same period in the previous year, the company posted $0.91 EPS. The firm’s revenue was up 22.1% compared to the same quarter last year. Lam Research has set its Q3 2026 guidance at 1.250-1.450 EPS. As a group, research analysts expect that Lam Research will post 3.71 EPS for the current fiscal year.

Insider Activity

In other Lam Research news, CFO Douglas R. Bettinger sold 40,080 shares of the company’s stock in a transaction dated Friday, November 14th. The shares were sold at an average price of $150.60, for a total transaction of $6,036,048.00. Following the transaction, the chief financial officer directly owned 987,237 shares in the company, valued at approximately $148,677,892.20. This represents a 3.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Bethany Mayer sold 1,298 shares of Lam Research stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $159.99, for a total value of $207,667.02. Following the completion of the sale, the director directly owned 1,652 shares of the company’s stock, valued at approximately $264,303.48. This represents a 44.00% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 41,408 shares of company stock worth $6,248,501 in the last three months. Corporate insiders own 0.31% of the company’s stock.

Institutional Trading of Lam Research

Several institutional investors have recently added to or reduced their stakes in LRCX. Norges Bank acquired a new position in Lam Research in the second quarter worth about $1,894,585,000. Arrowstreet Capital Limited Partnership grew its holdings in shares of Lam Research by 781.3% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 11,340,865 shares of the semiconductor company’s stock valued at $1,518,542,000 after acquiring an additional 10,053,978 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Lam Research by 14.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 40,622,437 shares of the semiconductor company’s stock valued at $3,954,188,000 after purchasing an additional 5,102,589 shares during the period. Invesco Ltd. raised its holdings in Lam Research by 18.2% in the 3rd quarter. Invesco Ltd. now owns 21,182,948 shares of the semiconductor company’s stock valued at $2,836,397,000 after acquiring an additional 3,263,658 shares during the period. Finally, Nordea Investment Management AB boosted its holdings in Lam Research by 34.1% in the 2nd quarter. Nordea Investment Management AB now owns 10,594,574 shares of the semiconductor company’s stock valued at $1,029,210,000 after purchasing an additional 2,692,189 shares during the period. Institutional investors own 84.61% of the company’s stock.

Key Headlines Impacting Lam Research

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

• Positive Sentiment: Q2 results beat and upbeat Q3 guide — Lam reported $1.27 EPS vs. $1.17 est. and $5.34B revenue vs. $5.23B est.; management guided Q3 EPS to $1.25–1.45 and raised revenue outlook, supporting stronger near-term demand visibility. Lam Research Corporation Reports Financial Results for the Quarter Ended December 28, 2025
• Positive Sentiment: Large wave of analyst upgrades/target raises following the print — multiple firms (JPMorgan, Citigroup, Needham, UBS, Wells Fargo, Deutsche Bank, Stifel, TD Cowen and others) lifted targets and ratings, boosting investor confidence in the growth outlook. These Analysts Boost Their Forecasts On Lam Research Following Strong Q2 Results
• Positive Sentiment: AI-driven demand and capacity expansion underpin revenue momentum — reporting and coverage highlight rising orders for tools used in advanced foundry and NAND, and management commentary points to continued customer investment. LRCX Q4 Deep Dive: AI-Driven Demand Accelerates Revenue, Manufacturing Expansion Underway
• Neutral Sentiment: Some analysts tempered enthusiasm — Morgan Stanley raised its target to $244 but kept an equal‑weight rating, indicating mixed near-term upside from current levels. Lam Research (NASDAQ:LRCX) Price Target Raised to $244.00 at Morgan Stanley
• Negative Sentiment: Valuation and historical volatility are concerns — coverage warns LRCX trades at a rich multiple and has experienced sharp corrections in prior years, which could amplify downside if growth expectations slip. Why Record Highs For LRCX Stock May Face A Reality Check In 2026

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.