Morgan Stanley Issues Positive Forecast for Lam Research (NASDAQ:LRCX) Stock Price

Lam Research (NASDAQ:LRCX) had its price target hoisted by investment analysts at Morgan Stanley from $244.00 to $254.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage presently has an “equal weight” rating on the semiconductor company’s stock. Morgan Stanley’s price target would indicate a potential upside of 1.46% from the stock’s current price.

Other equities analysts also recently issued research reports about the stock. Weiss Ratings restated a “buy (b)” rating on shares of Lam Research in a research report on Monday, December 29th. Rothschild & Co Redburn lifted their price target on shares of Lam Research from $225.00 to $265.00 and gave the company a “buy” rating in a research report on Friday, February 6th. JPMorgan Chase & Co. upped their target price on shares of Lam Research from $165.00 to $300.00 and gave the company an “overweight” rating in a report on Thursday, January 29th. Evercore set a $275.00 price objective on shares of Lam Research in a research report on Thursday, January 29th. Finally, Bank of America raised their target price on shares of Lam Research from $195.00 to $245.00 and gave the stock a “buy” rating in a research report on Tuesday, January 13th. One research analyst has rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $245.19.

Lam Research Stock Up 2.5%

Shares of LRCX stock traded up $6.09 during trading hours on Wednesday, reaching $250.34. 2,211,529 shares of the company’s stock were exchanged, compared to its average volume of 12,321,685. Lam Research has a fifty-two week low of $56.32 and a fifty-two week high of $256.68. The stock’s 50 day moving average is $212.29 and its 200-day moving average is $162.76. The company has a current ratio of 2.26, a quick ratio of 1.61 and a debt-to-equity ratio of 0.37. The company has a market cap of $312.62 billion, a price-to-earnings ratio of 51.35, a P/E/G ratio of 2.60 and a beta of 1.78.

Lam Research (NASDAQ:LRCX) last announced its earnings results on Wednesday, January 28th. The semiconductor company reported $1.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.17 by $0.10. The company had revenue of $5.34 billion for the quarter, compared to analyst estimates of $5.23 billion. Lam Research had a return on equity of 62.81% and a net margin of 30.22%.The firm’s quarterly revenue was up 22.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.91 EPS. Lam Research has set its Q3 2026 guidance at 1.250-1.450 EPS. Analysts predict that Lam Research will post 3.71 earnings per share for the current fiscal year.

Insider Activity at Lam Research

In related news, Director Eric Brandt sold 35,000 shares of the firm’s stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $225.60, for a total value of $7,896,000.00. Following the transaction, the director owned 253,705 shares in the company, valued at approximately $57,235,848. This trade represents a 12.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.31% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its holdings 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 buying an additional 364,949 shares during the period. State Street Corp lifted its stake in Lam Research by 0.4% in the 3rd quarter. State Street Corp now owns 59,817,352 shares of the semiconductor company’s stock valued at $8,024,684,000 after purchasing an additional 265,805 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in Lam Research by 14.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 40,622,437 shares of the semiconductor company’s stock worth $3,954,188,000 after acquiring an additional 5,102,589 shares during the last quarter. Geode Capital Management LLC boosted its stake in Lam Research by 3.5% in the second quarter. Geode Capital Management LLC now owns 33,802,736 shares of the semiconductor company’s stock valued at $3,280,484,000 after acquiring an additional 1,135,405 shares during the last quarter. Finally, Invesco Ltd. raised its stake in shares of Lam Research by 7.7% in the fourth quarter. Invesco Ltd. now owns 22,821,354 shares of the semiconductor company’s stock valued at $3,906,559,000 after buying an additional 1,638,406 shares during the period. Institutional investors and hedge funds own 84.61% of the company’s stock.

About Lam Research

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.