Lam Research (NASDAQ:LRCX) Given New $254.00 Price Target at Morgan Stanley

Lam Research (NASDAQ:LRCX) had its target price increased by equities researchers at Morgan Stanley from $244.00 to $254.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm presently has an “equal weight” rating on the semiconductor company’s stock. Morgan Stanley’s price objective would indicate a potential upside of 1.46% from the company’s current price.

A number of other equities analysts also recently commented on the stock. Rothschild & Co Redburn increased their price objective on shares of Lam Research from $225.00 to $265.00 and gave the stock a “buy” rating in a research note on Friday, February 6th. Sanford C. Bernstein raised their price objective on Lam Research from $275.00 to $285.00 and gave the company an “outperform” rating in a research report on Monday, February 9th. Zacks Research upgraded Lam Research from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 20th. Wall Street Zen cut Lam Research from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Finally, The Goldman Sachs Group set a $262.00 price objective on shares of Lam Research and gave the stock a “buy” rating in a research report on Thursday, January 29th. One analyst has rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $245.19.

Lam Research Stock Up 2.5%

Shares of NASDAQ:LRCX traded up $6.09 during midday trading on Wednesday, reaching $250.34. 2,211,529 shares of the company were exchanged, compared to its average volume of 12,321,685. The firm has a market cap of $312.62 billion, a PE ratio of 51.35, a P/E/G ratio of 2.60 and a beta of 1.78. The company has a quick ratio of 1.61, a current ratio of 2.26 and a debt-to-equity ratio of 0.37. Lam Research has a fifty-two week low of $56.32 and a fifty-two week high of $256.68. The stock has a fifty day simple moving average of $212.29 and a two-hundred day simple moving average of $162.76.

Lam Research (NASDAQ:LRCX) last released its quarterly earnings results on Wednesday, January 28th. The semiconductor company reported $1.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.17 by $0.10. Lam Research had a return on equity of 62.81% and a net margin of 30.22%.The firm had revenue of $5.34 billion for the quarter, compared to the consensus estimate of $5.23 billion. During the same quarter last year, the business posted $0.91 EPS. The company’s revenue for the quarter was up 22.1% on a year-over-year basis. Lam Research has set its Q3 2026 guidance at 1.250-1.450 EPS. As a group, sell-side analysts forecast that Lam Research will post 3.71 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Eric Brandt sold 35,000 shares of Lam Research stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $225.60, for a total value of $7,896,000.00. Following the completion of the transaction, the director directly owned 253,705 shares in the company, valued at approximately $57,235,848. The trade was a 12.12% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.31% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its position in Lam Research by 0.3% in the third quarter. Vanguard Group Inc. now owns 130,974,214 shares of the semiconductor company’s stock worth $17,537,447,000 after acquiring an additional 364,949 shares in the last quarter. State Street Corp increased its position in shares of Lam Research by 0.4% during the 3rd quarter. State Street Corp now owns 59,817,352 shares of the semiconductor company’s stock valued at $8,024,684,000 after purchasing an additional 265,805 shares during the last quarter. JPMorgan Chase & Co. lifted its position in Lam Research by 14.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 40,622,437 shares of the semiconductor company’s stock worth $3,954,188,000 after buying an additional 5,102,589 shares during the last quarter. Geode Capital Management LLC boosted its stake in Lam Research by 3.5% in the second quarter. Geode Capital Management LLC now owns 33,802,736 shares of the semiconductor company’s stock worth $3,280,484,000 after buying an additional 1,135,405 shares in the last quarter. Finally, Invesco Ltd. grew its position in Lam Research by 7.7% during the fourth quarter. Invesco Ltd. now owns 22,821,354 shares of the semiconductor company’s stock valued at $3,906,559,000 after acquiring an additional 1,638,406 shares during the last quarter. Institutional investors own 84.61% of the company’s stock.

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.