Lam Research (NASDAQ:LRCX) Upgraded at Wells Fargo & Company

Lam Research (NASDAQ:LRCX) was upgraded by equities researchers at Wells Fargo & Company from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Thursday, Marketbeat Ratings reports. The firm currently has a $250.00 price objective on the semiconductor company’s stock, up from their previous price objective of $145.00. Wells Fargo & Company‘s target price would indicate a potential upside of 14.96% from the stock’s current price.

Several other analysts have also weighed in on the stock. Dbs Bank raised their price objective on shares of Lam Research from $119.40 to $184.20 in a report on Monday, October 27th. Susquehanna restated a “positive” rating and set a $250.00 target price on shares of Lam Research in a report on Monday. Royal Bank Of Canada set a $260.00 target price on Lam Research in a research note on Wednesday. B. Riley reiterated a “buy” rating on shares of Lam Research in a research report on Thursday. Finally, BNP Paribas Exane raised their price objective on shares of Lam Research from $80.00 to $140.00 and gave the company a “neutral” rating in a research report on Thursday, October 23rd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $189.55.

Lam Research Stock Performance

Shares of NASDAQ:LRCX opened at $217.47 on Thursday. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.21 and a quick ratio of 1.60. The business’s fifty day moving average price is $170.33 and its two-hundred day moving average price is $136.11. Lam Research has a fifty-two week low of $56.32 and a fifty-two week high of $229.57. The stock has a market capitalization of $273.15 billion, a price-to-earnings ratio of 47.90, a price-to-earnings-growth ratio of 2.40 and a beta of 1.77.

Lam Research (NASDAQ:LRCX) last issued its quarterly earnings data on Wednesday, October 22nd. The semiconductor company reported $1.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.22 by $0.04. Lam Research had a return on equity of 60.60% and a net margin of 29.66%.The company had revenue of $5.32 billion during the quarter, compared to analysts’ expectations of $5.23 billion. During the same period last year, the business earned $0.86 earnings per share. The business’s revenue was up 27.7% on a year-over-year basis. Lam Research has set its Q2 2026 guidance at 1.050-1.250 EPS. As a group, analysts predict that Lam Research will post 3.71 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Ava Harter sold 9,010 shares of the firm’s stock in a transaction on Monday, October 27th. The stock was sold at an average price of $157.47, for a total value of $1,418,804.70. Following the transaction, the insider directly owned 56,786 shares in the company, valued at $8,942,091.42. This trade represents a 13.69% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Bethany Mayer sold 1,298 shares of Lam Research stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $159.99, for a total value of $207,667.02. Following the sale, the director directly owned 1,652 shares of the company’s stock, valued at approximately $264,303.48. This trade represents a 44.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 50,418 shares of company stock valued at $7,667,305. Company insiders own 0.31% of the company’s stock.

Institutional Trading of Lam Research

A number of hedge funds have recently modified their holdings of LRCX. McLean Asset Management Corp grew its holdings in shares of Lam Research by 1.3% in the 4th quarter. McLean Asset Management Corp now owns 5,099 shares of the semiconductor company’s stock valued at $873,000 after buying an additional 65 shares during the period. Retireful LLC acquired a new stake in Lam Research during the 4th quarter worth approximately $283,000. BetterWealth LLC bought a new position in Lam Research in the fourth quarter valued at approximately $201,000. Capital Advisors Inc. OK boosted its holdings in shares of Lam Research by 28.0% in the fourth quarter. Capital Advisors Inc. OK now owns 38,411 shares of the semiconductor company’s stock valued at $6,575,000 after buying an additional 8,398 shares during the period. Finally, Victory Financial Group LLC increased its position in shares of Lam Research by 11.5% during the fourth quarter. Victory Financial Group LLC now owns 4,623 shares of the semiconductor company’s stock worth $791,000 after acquiring an additional 476 shares in the last quarter. 84.61% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting Lam Research

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

• Positive Sentiment: Stifel Nicolaus raised its Lam Research price target to $250 and kept a Buy rating, citing stronger WFE spending (up to ~10–15% in 2026) that supports higher sales/margins. Stifel Boosts LRCX PT to $250
• Positive Sentiment: Bank of America raised its price target to $245, reinforcing buy-side analyst momentum and expectations for sustained capital expenditure from major customers. BofA Increases LRCX PT to $245
• Positive Sentiment: Rothschild & Co Redburn lifted its target to $225 and maintained a Buy rating—another brokerage upgrade adding sell‑side conviction to the rally. Rothschild & Co Redburn Raises PT
• Positive Sentiment: Seeking Alpha upgraded LRCX (Buy), arguing a “WFE supercycle” driven by AI and memory supply constraints justifies higher EBITDA/FCF forecasts and a base‑case PT near $247 (bull case much higher). SA: WFE Supercycle Changes Valuation
• Positive Sentiment: Broad chip‑equipment optimism lifted peers as well — Barron’s notes TSMC’s heavy spending is boosting suppliers like Lam Research, supporting sectorwide upside. Barron’s: Chip Stocks Getting a Boost
• Neutral Sentiment: Zacks ran pieces assessing Lam as a momentum/analyst‑driven buy—useful framing for traders but largely commentary rather than new fundamental data. Zacks: Momentum Stock Analysis
• Neutral Sentiment: Market commentary/podcasts flagged Lam as a catalyst in early market rallies, reflecting broader equity flows into AI and chip‑equipment names. Wall Street Breakfast Podcast
• Negative Sentiment: Zacks flagged a risk: Lam expects China revenue to fall below 30% in 2026 due to export curbs — a potential headwind if China demand or access weakens, which could temper growth despite AI demand elsewhere. Zacks: China Revenue Risk

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.