Lam Research (NASDAQ:LRCX) Given New $290.00 Price Target at Wells Fargo & Company

Lam Research (NASDAQ:LRCX) had its target price raised by analysts at Wells Fargo & Company from $250.00 to $290.00 in a research report issued on Thursday,MarketScreener reports. The firm presently has an “overweight” rating on the semiconductor company’s stock. Wells Fargo & Company‘s price objective suggests a potential upside of 18.60% from the company’s previous close.

A number of other equities analysts have also commented on the stock. Barclays set a $250.00 price objective on shares of Lam Research in a research report on Thursday. B. Riley restated a “buy” rating on shares of Lam Research in a research report on Thursday, January 15th. Susquehanna set a $325.00 price target on shares of Lam Research and gave the company a “positive” rating in a research report on Thursday. Bank of America boosted their target price on Lam Research from $195.00 to $245.00 and gave the company a “buy” rating in a research note on Tuesday, January 13th. Finally, BNP Paribas Exane raised their price target on shares of Lam Research from $80.00 to $140.00 and gave the stock a “neutral” rating in a report on Thursday, October 23rd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, Lam Research currently has a consensus rating of “Moderate Buy” and a consensus price target of $226.39.

Lam Research Stock Up 2.1%

LRCX traded up $4.94 during trading on Thursday, hitting $244.52. 3,004,561 shares of the company’s stock were exchanged, compared to its average volume of 13,232,577. The stock has a market cap of $307.12 billion, a P/E ratio of 53.79, a PEG ratio of 3.01 and a beta of 1.77. The business’s 50 day moving average is $183.31 and its two-hundred day moving average is $144.37. Lam Research has a fifty-two week low of $56.32 and a fifty-two week high of $251.38. The company has a quick ratio of 1.60, a current ratio of 2.21 and a debt-to-equity ratio of 0.37.

Lam Research (NASDAQ:LRCX) last announced its quarterly earnings data on Wednesday, January 28th. The semiconductor company reported $1.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.17 by $0.10. The firm had revenue of $5.34 billion during the quarter, compared to the consensus estimate of $5.23 billion. Lam Research had a return on equity of 60.60% and a net margin of 29.66%.The business’s revenue for the quarter was up 22.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.91 EPS. Lam Research has set its Q3 2026 guidance at 1.250-1.450 EPS. As a group, equities analysts expect that Lam Research will post 3.71 earnings per share for the current fiscal year.

Insider Activity

In related news, CFO Douglas R. Bettinger sold 40,080 shares of the firm’s stock in a transaction that occurred on 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 completion of the sale, the chief financial officer owned 987,237 shares of the company’s stock, valued at $148,677,892.20. This trade represents a 3.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Bethany Mayer sold 1,298 shares of Lam Research stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $159.99, for a total value of $207,667.02. Following the completion of the sale, the director owned 1,652 shares of the company’s stock, valued at $264,303.48. The trade was a 44.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 41,408 shares of company stock worth $6,248,501 over the last three months. 0.31% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

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

Lam Research News Summary

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

• Positive Sentiment: Q2 results beat across the board — Lam reported $1.27 EPS on $5.34B revenue, beating estimates and showing 22% y/y revenue growth; management gave Q3 EPS guidance of $1.25–1.45 and revenue above Street expectations, underpinning the rally. Reuters: Lam Research forecasts strong quarterly results on chipmaking tool demand
• Positive Sentiment: Analysts are upgrading and lifting targets — Needham bumped its target to $300 (Buy), TD Cowen raised its target to $290 (Buy), Summit Insights upgraded to Buy and other shops (Stifel, Evercore) have raised targets — reinforcing upside expectations. (See Benzinga / firm notes for specific upgrades.) Benzinga: Analyst coverage
• Positive Sentiment: Market commentary highlights structural demand drivers — coverage notes Lam is benefiting from AI-led content gains, expanding foundry and NAND investments, and tight supply for its tools. These secular drivers support higher bookings and revenue visibility. InsiderMonkey: Lam Research poised to benefit
• Positive Sentiment: Positive media reaction to earnings — outlets like Barron’s and Zacks called the quarter “extraordinarily bullish” or highlighted the beat, which can attract momentum and fund flows into LRCX. Barron’s: Why earnings were bullish
• Neutral Sentiment: Earnings materials and call transcript are available for detail — investors can review the press release, slide deck and call transcript for bookings, customer cadence and regional commentary. Lam press release/slide deck Call transcript
• Neutral Sentiment: Price action and valuation are mixed — LRCX has rallied strongly over the past year, and some reports simply note new 12‑month highs and upgrades without deeper risk analysis. AmericanBankingNews: Analyst-driven move
• Negative Sentiment: Valuation and pullback risk flagged — commentary warns the stock’s rapid run-up increases vulnerability to large corrections and raises questions about whether current multiples fully reflect the recovery. Forbes: Valuation/reality-check piece
• Negative Sentiment: Geopolitical/regional risk remains — coverage notes China-related demand and policy dynamics could weigh on the outlook or produce volatility even amid strong AI-driven demand. MSN: China risks

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.