Lam Research (NASDAQ:LRCX) Price Target Raised to $300.00 at Citigroup

Lam Research (NASDAQ:LRCX) had its price target hoisted by investment analysts at Citigroup from $265.00 to $300.00 in a report issued on Thursday,Benzinga reports. The firm currently has a “buy” rating on the semiconductor company’s stock. Citigroup’s price objective would indicate a potential upside of 23.66% from the stock’s current price.

Other equities analysts have also issued research reports about the stock. Needham & Company LLC raised their price objective on shares of Lam Research from $250.00 to $300.00 and gave the stock a “buy” rating in a research note on Thursday. KeyCorp reaffirmed a “sector weight” rating on shares of Lam Research in a research report on Thursday. Sanford C. Bernstein set a $275.00 price target on Lam Research in a report on Thursday. The Goldman Sachs Group set a $262.00 price objective on Lam Research in a research note on Thursday. Finally, Berenberg Bank raised their price objective on Lam Research from $122.00 to $165.00 and gave the stock a “buy” rating in a research report on Thursday, October 23rd. One research analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $233.49.

Lam Research Trading Up 1.3%

Shares of NASDAQ:LRCX traded up $3.02 during midday trading on Thursday, reaching $242.60. The company had a trading volume of 8,068,551 shares, compared to its average volume of 13,463,196. The company has a fifty day simple moving average of $183.31 and a two-hundred day simple moving average of $144.37. The firm has a market cap of $304.71 billion, a price-to-earnings ratio of 53.55, a price-to-earnings-growth ratio of 3.01 and a beta of 1.77. Lam Research has a 1-year low of $56.32 and a 1-year high of $251.38. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.60 and a current ratio of 2.21.

Lam Research (NASDAQ:LRCX) last posted its quarterly earnings data on Wednesday, January 28th. The semiconductor company reported $1.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.17 by $0.10. Lam Research had a return on equity of 60.60% and a net margin of 29.66%.The firm had revenue of $5.34 billion for the quarter, compared to the consensus estimate of $5.23 billion. During the same quarter in the previous year, the company earned $0.91 EPS. The business’s revenue for the quarter 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. Research analysts predict that Lam Research will post 3.71 earnings per share for the current year.

Insider Activity at Lam Research

In other Lam Research news, Director Bethany Mayer sold 1,298 shares of the business’s stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $159.99, for a total transaction of $207,667.02. Following the sale, the director directly owned 1,652 shares of the company’s stock, valued at $264,303.48. The trade was a 44.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Douglas R. Bettinger sold 40,080 shares of the business’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 transaction, the chief financial officer directly owned 987,237 shares in the company, valued at $148,677,892.20. The trade was a 3.90% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 41,408 shares of company stock worth $6,248,501. 0.31% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Lam Research

Hedge funds have recently bought and sold shares of the business. Sava Infond d.o.o. increased its holdings in shares of Lam Research by 3.1% during the 2nd quarter. Sava Infond d.o.o. now owns 75,250 shares of the semiconductor company’s stock worth $7,325,000 after purchasing an additional 2,250 shares during the period. First Citizens Bank & Trust Co. grew its position in Lam Research by 8.0% in the third quarter. First Citizens Bank & Trust Co. now owns 140,433 shares of the semiconductor company’s stock valued at $18,804,000 after acquiring an additional 10,408 shares during the period. Oregon Public Employees Retirement Fund lifted its holdings in Lam Research by 30.9% during the 3rd quarter. Oregon Public Employees Retirement Fund now owns 144,656 shares of the semiconductor company’s stock valued at $19,369,000 after purchasing an additional 34,147 shares during the last quarter. Horizon Bancorp Inc. IN bought a new position in shares of Lam Research in the second quarter valued at approximately $389,000. Finally, Truist Financial Corp grew its holdings in shares of Lam Research by 119.6% during the third quarter. Truist Financial Corp now owns 1,676,637 shares of the semiconductor company’s stock worth $224,502,000 after purchasing an additional 913,009 shares during the last quarter. 84.61% of the stock is 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: Q2 results beat consensus: Lam reported $1.27 EPS vs. $1.17 expected and revenue of $5.34B (up ~22% Y/Y); management set Q3 EPS guidance above consensus and guided revenue above Street expectations — the core driver of the rally. Read More.
• Positive Sentiment: Analysts raise targets and upgrade ratings after the beat and strong outlook — multiple firms (Wells Fargo, Deutsche, Needham, TD Cowen, Stifel, Summit Insights) lifted price targets and/or ratings, signaling consensus bullishness on near‑term demand and AI-related content gains. Read More.
• Positive Sentiment: Market commentary frames the quarter as “extraordinarily bullish” (Barron’s) and media/TV pundits highlight tight demand for Lam’s tools, supporting a durable demand narrative tied to AI, foundry and NAND investment cycles. Read More.
• Neutral Sentiment: Deeper metric checks and transcript coverage are available for investors who want drill‑down detail on bookings, customer mix and margins — useful for confirming whether the beat is broad‑based or concentrated in specific product lines. Read More.
• Negative Sentiment: Valuation and pullback risk: some analysts and outlets warn LRCX’s rapid run (shares well above prior levels) raises valuation questions and increases susceptibility to sharp corrections if execution or demand softens. Read More.
• Negative Sentiment: Geopolitical/China exposure flagged as a watch item — China demand and supply‑chain/regulatory dynamics could temper upside or add volatility to future quarters. Read More.

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.