Lam Research (NASDAQ:LRCX) Reaches New 1-Year High – Here’s What Happened

Lam Research Corporation (NASDAQ:LRCX) shares reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $349.09 and last traded at $337.5430, with a volume of 2124800 shares. The stock had previously closed at $324.45.

Lam Research News Roundup

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

• Positive Sentiment: Barclays raised its price target on Lam Research to $335 from $275 and also lifted wafer-fabrication equipment estimates, reflecting a more upbeat outlook for chip equipment demand. Barclays adjusts Lam Research price target to $335 from $275
• Positive Sentiment: UBS also boosted its price target to $375 from $310, which helped fuel recent buying in LRCX as investors leaned into the AI-driven growth story. Why Lam Research (LRCX) Stock Is Trading Up Today
• Positive Sentiment: Analysts and market commentary continue to frame Lam Research as a key beneficiary of AI-related semiconductor spending, with semiconductor equipment stocks broadly trading near record highs on strong demand for new chip gear. Applied Materials, Other Chip Gear Stocks At Record Highs
• Neutral Sentiment: Erste Group Bank slightly increased its FY2027 EPS estimate for Lam Research to $7.89 from $7.88, keeping a Hold rating. The revision is positive but small and does not signal a major change in fundamentals.
• Neutral Sentiment: Recent bullish articles highlight Lam Research as a “critical enabler” of AI growth and a “strategic investment,” reinforcing the long-term thesis but not adding new hard catalysts. Lam Research: A Critical Enabler Of AI Growth, Reiterating Buy
• Negative Sentiment: Lam Research has also been hit by broader semiconductor weakness, with investors rotating out of the group after a strong rally, which is weighing on the stock despite the bullish analyst updates. Lam Research (LRCX) Falls More Steeply Than Broader Market

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on LRCX shares. TD Cowen raised their price objective on shares of Lam Research from $290.00 to $340.00 and gave the stock a “buy” rating in a report on Thursday, April 23rd. Evercore raised their price objective on shares of Lam Research from $275.00 to $300.00 and gave the stock an “outperform” rating in a report on Thursday, April 23rd. Raymond James Financial set a $425.00 price objective on shares of Lam Research in a report on Wednesday. Morgan Stanley raised shares of Lam Research from an “underweight” rating to an “overweight” rating and lifted their price target for the company from $293.00 to $331.00 in a report on Monday, May 18th. Finally, Susquehanna lifted their price target on shares of Lam Research from $350.00 to $385.00 and gave the company a “positive” rating in a report on Thursday, April 23rd. Twenty-eight research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $322.01.

Lam Research Price Performance

The firm’s fifty day moving average price is $280.23 and its 200 day moving average price is $231.09. The company has a quick ratio of 1.77, a current ratio of 2.54 and a debt-to-equity ratio of 0.35. The stock has a market cap of $402.43 billion, a PE ratio of 60.72, a P/E/G ratio of 2.71 and a beta of 1.85.

Lam Research (NASDAQ:LRCX) last released its earnings results on Wednesday, April 22nd. The semiconductor company reported $1.47 EPS for the quarter, topping the consensus estimate of $1.36 by $0.11. Lam Research had a net margin of 30.94% and a return on equity of 66.21%. The firm had revenue of $5.84 billion for the quarter, compared to the consensus estimate of $5.70 billion. During the same quarter in the previous year, the firm earned $1.04 earnings per share. The company’s quarterly revenue was up 23.8% compared to the same quarter last year. Lam Research has set its Q4 2026 guidance at 1.500-1.800 EPS. As a group, equities analysts expect that Lam Research Corporation will post 5.67 EPS for the current fiscal year.

Lam Research Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 8th. Stockholders of record on Wednesday, June 17th will be issued a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend is Wednesday, June 17th. Lam Research’s payout ratio is 19.62%.

Insider Buying and Selling at Lam Research

In other news, SVP Neil J. Fernandes sold 18,170 shares of the business’s stock in a transaction on Friday, May 1st. The shares were sold at an average price of $255.14, for a total value of $4,635,893.80. Following the transaction, the senior vice president owned 66,129 shares of the company’s stock, valued at approximately $16,872,153.06. The trade was a 21.55% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Ava Harter sold 6,010 shares of the business’s stock in a transaction on Monday, April 27th. The stock was sold at an average price of $258.66, for a total transaction of $1,554,546.60. Following the completion of the sale, the insider owned 53,205 shares in the company, valued at $13,762,005.30. This represents a 10.15% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 31,839 shares of company stock worth $8,561,667 in the last three months. Insiders own 0.31% of the company’s stock.

Hedge Funds Weigh In On Lam Research

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. grew its stake in shares of Lam Research by 0.3% in 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 in the last quarter. State Street Corp grew its stake in shares of Lam Research by 0.4% in the 3rd quarter. State Street Corp now owns 59,817,352 shares of the semiconductor company’s stock worth $8,024,684,000 after buying an additional 265,805 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Lam Research by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 33,747,368 shares of the semiconductor company’s stock worth $5,764,117,000 after buying an additional 126,613 shares in the last quarter. Invesco Ltd. grew its stake in shares of Lam Research by 7.7% in the 4th quarter. Invesco Ltd. now owns 22,821,354 shares of the semiconductor company’s stock worth $3,906,559,000 after buying an additional 1,638,406 shares in the last quarter. Finally, Norges Bank purchased a new position in shares of Lam Research in the 4th quarter worth $3,645,427,000. 84.61% of the stock is owned by hedge funds and other institutional investors.

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.