New Street Research Raises Lam Research (NASDAQ:LRCX) Price Target to $235.00

Lam Research (NASDAQ:LRCX) had its price objective boosted by 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 price objective points to a potential downside of 5.31% from the stock’s previous close.

Several other research firms have also recently issued reports on LRCX. Berenberg Bank raised their target price on Lam Research from $122.00 to $165.00 and gave the stock a “buy” rating in a research note on Thursday, October 23rd. Oppenheimer restated an “outperform” rating and issued a $265.00 price target on shares of Lam Research in a research note on Thursday. Needham & Company LLC boosted their price objective on Lam Research from $250.00 to $300.00 and gave the company a “buy” rating in a research report on Thursday. Citic Securities increased their price target on shares of Lam Research from $165.00 to $275.00 and gave the company a “buy” rating in a report on Friday. Finally, Wall Street Zen downgraded Lam Research from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. One analyst has rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $238.32.

Lam Research Stock Performance

NASDAQ:LRCX opened at $248.17 on Friday. The company has a quick ratio of 1.60, a current ratio of 2.21 and a debt-to-equity ratio of 0.37. The stock’s 50-day simple moving average is $185.48 and its 200 day simple moving average is $145.09. The firm has a market capitalization 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 twelve month low of $56.32 and a twelve month high of $251.38.

Lam Research (NASDAQ:LRCX) last issued its quarterly earnings data on Wednesday, January 28th. The semiconductor company reported $1.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.17 by $0.10. The business had revenue of $5.34 billion during the quarter, compared to the consensus estimate of $5.23 billion. Lam Research had a net margin of 30.22% and a return on equity of 63.28%. 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 firm posted $0.91 EPS. Lam Research has set its Q3 2026 guidance at 1.250-1.450 EPS. On average, analysts anticipate that Lam Research will post 3.71 EPS for the current fiscal year.

Insider Buying and Selling at Lam Research

In other Lam Research news, Director Bethany Mayer sold 1,298 shares of the company’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $159.99, for a total transaction of $207,667.02. Following the sale, the director owned 1,652 shares in the company, valued at $264,303.48. This represents 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 link. Also, CFO Douglas R. Bettinger sold 40,080 shares of the business’s stock in a transaction that occurred on Friday, November 14th. The stock was sold at an average price of $150.60, for a total value of $6,036,048.00. Following the sale, the chief financial officer owned 987,237 shares of the company’s stock, valued at approximately $148,677,892.20. The trade was a 3.90% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 41,408 shares of company stock valued at $6,248,501. Insiders own 0.31% of the company’s stock.

Institutional Trading of Lam Research

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LRCX. Sava Infond d.o.o. lifted its position in shares of Lam Research by 3.1% in the 2nd quarter. Sava Infond d.o.o. now owns 75,250 shares of the semiconductor company’s stock worth $7,325,000 after acquiring an additional 2,250 shares during the period. First Citizens Bank & Trust Co. raised its stake in shares of 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 last quarter. Oregon Public Employees Retirement Fund grew its holdings in shares of Lam Research by 30.9% during the third quarter. Oregon Public Employees Retirement Fund now owns 144,656 shares of the semiconductor company’s stock worth $19,369,000 after purchasing an additional 34,147 shares during the last quarter. Horizon Bancorp Inc. IN bought a new stake in shares of Lam Research during the second quarter valued at approximately $389,000. Finally, Truist Financial Corp increased its stake in shares of Lam Research by 119.6% in the 3rd quarter. Truist Financial Corp now owns 1,676,637 shares of the semiconductor company’s stock valued at $224,502,000 after buying an additional 913,009 shares during the period. Hedge funds and other institutional investors own 84.61% of the company’s stock.

Key Stories 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.