Lam Research (NASDAQ:LRCX) Trading 6% Higher After Analyst Upgrade

Lam Research Corporation (NASDAQ:LRCX)’s stock price shot up 6% on Thursday after Mizuho raised their price target on the stock from $380.00 to $400.00. Mizuho currently has an outperform rating on the stock. Lam Research traded as high as $369.95 and last traded at $353.17. Approximately 12,061,355 shares traded hands during mid-day trading, an increase of 6% from the average daily volume of 11,403,629 shares. The stock had previously closed at $333.15.

A number of other analysts have also recently commented on the stock. Morgan Stanley increased their price target on shares of Lam Research from $331.00 to $404.00 and gave the company an “overweight” rating in a research note on Monday. Deutsche Bank Aktiengesellschaft upped their target price on shares of Lam Research from $300.00 to $325.00 and gave the company a “buy” rating in a report on Thursday, April 23rd. Berenberg Bank raised their target price on shares of Lam Research from $265.00 to $335.00 and gave the company a “buy” rating in a research note on Thursday, April 23rd. TD Cowen lifted their price target on Lam Research from $290.00 to $340.00 and gave the stock a “buy” rating in a report on Thursday, April 23rd. Finally, Sanford C. Bernstein boosted their price target on Lam Research from $325.00 to $340.00 and gave the stock an “outperform” rating in a research report on Thursday, May 21st. Twenty-eight research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $350.33.

Insider Buying and Selling at Lam Research

In other news, Director Eric Brandt sold 54,500 shares of the stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $350.80, for a total value of $19,118,600.00. Following the transaction, the director directly owned 199,205 shares of the company’s stock, valued at $69,881,114. This represents a 21.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Ava Harter sold 6,010 shares of the firm’s stock in a transaction dated 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 sale, the insider owned 53,205 shares of the company’s stock, valued at approximately $13,762,005.30. This represents a 10.15% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 86,339 shares of company stock worth $27,680,267 over the last ninety days. Insiders own 0.31% of the company’s stock.

Key Stories Impacting Lam Research

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

• Positive Sentiment: Mizuho raised its price target on Lam Research to $400 from $380 and kept an Outperform rating, helping fuel a sharp move higher as traders bet on more upside ahead of earnings.
• Positive Sentiment: Morgan Stanley reiterated a Buy rating with a $404 price target, citing ongoing outperformance and structural market share gains for Lam Research.
• Positive Sentiment: Reports also highlighted broader bullish sentiment tied to AI-driven chip demand, with analysts expecting Lam Research to benefit from rising wafer-fab equipment spending and advanced semiconductor manufacturing trends.
• Positive Sentiment: A Barron’s report said Meta’s in-house chip plans could support demand for equipment makers like Lam Research, adding another tailwind for the stock. Article Title
• Neutral Sentiment: Lam Research also announced its June-quarter financial conference call will be held on July 29, which keeps attention on upcoming results but is mainly a scheduling update. Article Title
• Negative Sentiment: The stock had recently dropped after a broader selloff, so some of today’s rebound may also reflect a bounce from that prior weakness rather than a single company-specific event.

Hedge Funds Weigh In On Lam Research

Several institutional investors and hedge funds have recently made changes to their positions in LRCX. Fideuram Asset Management Ireland dac bought a new stake in Lam Research during the fourth quarter worth about $10,035,000. Generali Investments Management Co LLC increased its holdings in Lam Research by 62.0% in the 4th quarter. Generali Investments Management Co LLC now owns 36,274 shares of the semiconductor company’s stock valued at $6,209,000 after buying an additional 13,878 shares during the period. Krilogy Financial LLC increased its holdings in Lam Research by 19.5% in the 1st quarter. Krilogy Financial LLC now owns 28,111 shares of the semiconductor company’s stock valued at $6,006,000 after buying an additional 4,584 shares during the period. Y Intercept Hong Kong Ltd acquired a new position in shares of Lam Research in the 1st quarter valued at approximately $26,489,000. Finally, Whalen Wealth Management Inc. acquired a new position in shares of Lam Research in the 4th quarter valued at approximately $1,423,000. Institutional investors and hedge funds own 84.61% of the company’s stock.

Lam Research Stock Up 6.0%

The firm’s 50-day moving average price is $330.82 and its 200 day moving average price is $261.73. The company has a current ratio of 2.54, a quick ratio of 1.77 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $441.66 billion, a price-to-earnings ratio of 66.64, a PEG ratio of 1.94 and a beta of 1.80.

Lam Research (NASDAQ:LRCX) last posted its quarterly earnings results on Wednesday, April 22nd. The semiconductor company reported $1.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.36 by $0.11. The business had revenue of $5.84 billion for the quarter, compared to analyst estimates of $5.70 billion. Lam Research had a net margin of 30.94% and a return on equity of 66.21%. The firm’s revenue for the quarter was up 23.8% on a year-over-year basis. During the same quarter last year, the business posted $1.04 EPS. Lam Research has set its Q4 2026 guidance at 1.500-1.800 EPS. On average, sell-side analysts forecast that Lam Research Corporation will post 5.68 EPS for the current fiscal year.

Lam Research Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 8th. Shareholders of record on Wednesday, June 17th were issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend was Wednesday, June 17th. Lam Research’s dividend payout ratio (DPR) is currently 19.62%.

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.