UBS Group Has Lowered Expectations for Lam Research (NASDAQ:LRCX) Stock Price

Lam Research (NASDAQ:LRCX) had its price target lowered by research analysts at UBS Group from $435.00 to $425.00 in a report issued on Tuesday, Benzinga reports. The firm currently has a “buy” rating on the semiconductor company’s stock. UBS Group’s price target would suggest a potential upside of 45.66% from the company’s current price.

Other research analysts have also recently issued reports about the stock. Jefferies Financial Group set a $335.00 price target on shares of Lam Research and gave the company a “buy” rating in a research report on Thursday, July 30th. Stifel Nicolaus raised their target price on shares of Lam Research from $325.00 to $425.00 and gave the company a “buy” rating in a research note on Friday, July 10th. Sanford C. Bernstein lifted their target price on shares of Lam Research from $325.00 to $340.00 and gave the company an “outperform” rating in a report on Thursday, May 21st. B. Riley Financial dropped their price target on Lam Research from $385.00 to $350.00 and set a “buy” rating on the stock in a research report on Thursday, July 30th. Finally, HSBC restated a “hold” rating and issued a $333.00 price target on shares of Lam Research in a research note on Monday, July 27th. One research analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $358.97.

Lam Research Price Performance

Shares of LRCX stock opened at $291.77 on Tuesday. The stock has a market cap of $365.10 billion, a price-to-earnings ratio of 50.84, a PEG ratio of 1.20 and a beta of 1.84. The business’s fifty day moving average is $328.26 and its 200 day moving average is $290.09. Lam Research has a twelve month low of $94.11 and a twelve month high of $438.50. The company has a quick ratio of 1.91, a current ratio of 2.63 and a debt-to-equity ratio of 0.30.

Lam Research (NASDAQ:LRCX) last announced its quarterly earnings data on Wednesday, July 29th. The semiconductor company reported $1.82 EPS for the quarter, beating the consensus estimate of $1.69 by $0.13. Lam Research had a return on equity of 67.60% and a net margin of 31.27%.The business had revenue of $6.72 billion during the quarter, compared to analyst estimates of $6.66 billion. During the same quarter last year, the firm posted $1.33 earnings per share. The company’s revenue for the quarter was up 30.0% on a year-over-year basis. Lam Research has set its Q1 2027 guidance at 2.000-2.300 EPS. Research analysts expect that Lam Research will post 9.33 EPS for the current fiscal year.

Insider Activity

In related news, Director Eric Brandt sold 54,500 shares of the firm’s stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $350.80, for a total transaction of $19,118,600.00. Following the completion of the sale, the director owned 199,205 shares of the company’s stock, valued at $69,881,114. This trade represents a 21.48% 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. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Abhijit Y. Talwalkar sold 18,282 shares of the business’s stock in a transaction that occurred on Monday, July 13th. The stock was sold at an average price of $335.00, for a total transaction of $6,124,470.00. Following the completion of the transaction, the director owned 87,142 shares of the company’s stock, valued at approximately $29,192,570. The trade was a 17.34% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.31% of the stock is currently owned by insiders.

Institutional Trading of Lam Research

Several institutional investors have recently added to or reduced their stakes in the business. World Equity Group Inc. raised its stake in shares of Lam Research by 0.5% in the second quarter. World Equity Group Inc. now owns 5,576 shares of the semiconductor company’s stock worth $2,416,000 after purchasing an additional 29 shares during the last quarter. Tenzing Financial LLC boosted its position in shares of Lam Research by 3.5% during the second quarter. Tenzing Financial LLC now owns 1,018 shares of the semiconductor company’s stock valued at $441,000 after buying an additional 34 shares during the last quarter. Advus Financial Partners LLC increased its holdings in Lam Research by 1.0% in the 2nd quarter. Advus Financial Partners LLC now owns 3,578 shares of the semiconductor company’s stock worth $1,550,000 after buying an additional 34 shares in the last quarter. Paragon Private Wealth Management LLC increased its holdings in Lam Research by 1.3% in the 2nd quarter. Paragon Private Wealth Management LLC now owns 2,719 shares of the semiconductor company’s stock worth $1,178,000 after buying an additional 35 shares in the last quarter. Finally, Gibraltar Capital Management Inc. increased its holdings in Lam Research by 3.6% in the 2nd quarter. Gibraltar Capital Management Inc. now owns 1,050 shares of the semiconductor company’s stock worth $455,000 after buying an additional 36 shares in the last quarter. 84.61% of the stock is currently owned by hedge funds and other institutional investors.

More Lam Research News

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

• Positive Sentiment: Analysts upgraded Lam Research in a “buy the pullback” view, citing the company’s exposure to continued semiconductor capital spending and the potential for recovery after its summer decline. Lam Research: Buy The Summer Pullback (Rating Upgrade)
• Positive Sentiment: Lam Research raised its dividend by 27%, reinforcing confidence in cash generation and returning capital to shareholders. The company’s latest quarter also showed strong momentum, with revenue up 30% year over year and earnings exceeding consensus estimates. Lam Research Stock Is Trending After Dividend Raised 27%
• Positive Sentiment: AI-chip demand and broader semiconductor production expansion continue to support equipment spending, while Erste Group expects increased earnings for Lam Research. Erste Group Bank Expects Increased Earnings for Lam Research
• Neutral Sentiment: Industry commentary remains constructive on the semiconductor investment cycle, including strong demand for AI chips and advanced manufacturing equipment. This supports Lam Research indirectly but primarily reflects conditions at peer ASML. Does ASML’s Dominant Position in EUV Signal Further Upside?
• Negative Sentiment: Lam Research’s China exposure is declining, which could reduce a source of near-term revenue, while export restrictions and geopolitical risks remain overhangs for semiconductor-equipment stocks. Lam Research: Chinese Exposure Is Falling, But So Might The Share Price
• Negative Sentiment: Rising yields are pressuring the broader semiconductor group and may lead investors to reassess premium valuations, making LRCX vulnerable despite its strong earnings outlook. Semiconductor Stocks Slide as Global Bond Selloff Lifts Yields

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.