Needham & Company LLC Issues Positive Forecast for Lam Research (NASDAQ:LRCX) Stock Price

Lam Research (NASDAQ:LRCX) had its price objective raised by investment analysts at Needham & Company LLC from $300.00 to $390.00 in a report released on Friday,Benzinga reports. The firm currently has a “buy” rating on the semiconductor company’s stock. Needham & Company LLC’s target price suggests a potential upside of 10.43% from the company’s previous close.

Other analysts have also issued research reports about the company. HSBC upped their price objective on Lam Research from $221.00 to $247.00 and gave the stock a “hold” rating in a research report on Friday, April 24th. BNP Paribas Exane boosted their price objective on shares of Lam Research from $250.00 to $260.00 and gave the stock a “neutral” rating in a research report on Thursday, April 23rd. The Goldman Sachs Group reissued a “buy” rating and issued a $290.00 target price on shares of Lam Research in a report on Thursday, April 23rd. Seaport Research Partners initiated coverage on shares of Lam Research in a research note on Monday, May 4th. They set a “buy” rating and a $300.00 price target for the company. Finally, New Street Research increased their price objective on Lam Research from $235.00 to $280.00 and gave the stock a “neutral” rating in a research report on Monday, April 27th. 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, Lam Research presently has an average rating of “Moderate Buy” and an average price target of $353.23.

Lam Research Price Performance

Shares of LRCX opened at $353.17 on Friday. Lam Research has a 1-year low of $90.93 and a 1-year high of $438.50. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.54 and a quick ratio of 1.77. The firm has a 50-day simple moving average of $332.86 and a two-hundred day simple moving average of $263.00. The stock has a market cap of $441.66 billion, a PE ratio of 66.64, a P/E/G ratio of 1.98 and a beta of 1.80.

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

Insider Buying and Selling

In other Lam Research news, Director Eric Brandt sold 54,500 shares of the business’s stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $350.80, for a total value of $19,118,600.00. Following the completion of the transaction, the director directly owned 199,205 shares in the company, valued at approximately $69,881,114. The trade was a 21.48% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible 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 company’s stock in a transaction on Monday, April 27th. The shares were sold at an average price of $258.66, for a total value of $1,554,546.60. Following the completion of the transaction, the insider owned 53,205 shares of the company’s stock, valued at $13,762,005.30. The trade was a 10.15% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 86,339 shares of company stock worth $27,680,267. 0.31% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Lam Research

Several institutional investors and hedge funds have recently bought and sold shares of the stock. State Street Corp increased its stake in Lam Research by 0.4% during the third quarter. State Street Corp now owns 59,817,352 shares of the semiconductor company’s stock worth $8,024,684,000 after acquiring an additional 265,805 shares during the last quarter. Geode Capital Management LLC boosted its stake in Lam Research by 0.4% during the 4th quarter. Geode Capital Management LLC now owns 33,747,368 shares of the semiconductor company’s stock valued at $5,764,117,000 after acquiring an additional 126,613 shares during the last quarter. Invesco Ltd. lifted its position in shares of Lam Research by 7.7% during the fourth quarter. Invesco Ltd. now owns 22,821,354 shares of the semiconductor company’s stock worth $3,906,559,000 after purchasing an additional 1,638,406 shares during the last quarter. Norges Bank bought a new position in Lam Research during the 4th quarter worth approximately $3,645,427,000. Finally, Price T Rowe Associates Inc. MD lifted its stake in Lam Research by 352.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 13,695,210 shares of the semiconductor company’s stock worth $2,344,347,000 after purchasing an additional 10,666,540 shares during the last quarter. Institutional investors and hedge funds 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: Mizuho raised its price target on Lam Research to $400 from $380 and reiterated an Outperform rating, reinforcing the view that the stock still has meaningful upside from current levels. Lam Research (NASDAQ:LRCX) Given New $400.00 Price Target at Mizuho
• Positive Sentiment: Morgan Stanley also reiterated a Buy rating with a $404 target, citing ongoing outperformance and structural share gains, adding to the bullish analyst momentum around the name. Lam Research: Buy Rating Reiterated as Analyst Sees Ongoing Outperformance and Structural Share Gains with Unchanged $404 Price Target
• Positive Sentiment: Reports noted that Lam Research is benefiting from AI-related spending and stronger demand for semiconductor manufacturing tools, with investors also encouraged by broader optimism around chip-equipment suppliers. Applied Materials and Lam Research Take Off on Meta’s Chip Plans
• Neutral Sentiment: The company announced it will host its June-quarter financial conference call on July 29, which is a routine event but could draw attention if management provides stronger-than-expected commentary or guidance. Lam Research Corporation Announces June Quarter Financial Conference Call

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.