Lam Research (NASDAQ:LRCX) Shares Up 2.2% Following Analyst Upgrade

Lam Research Corporation (NASDAQ:LRCX)’s stock price rose 2.2% during trading on Friday after B. Riley Financial raised their price target on the stock from $350.00 to $390.00. B. Riley Financial currently has a buy rating on the stock. Lam Research traded as high as $352.56 and last traded at $347.49. 7,427,539 shares were traded during trading, a decline of 31% from the average session volume of 10,799,507 shares. The stock had previously closed at $340.10.

Several other analysts have also recently commented on LRCX. Cantor Fitzgerald set a $500.00 price target on shares of Lam Research and gave the company an “overweight” rating in a research note on Monday, June 29th. Rothschild & Co Redburn upped their price objective on Lam Research from $305.00 to $420.00 and gave the stock a “buy” rating in a report on Wednesday, June 17th. Morgan Stanley decreased their price objective on Lam Research from $404.00 to $367.00 and set an “overweight” rating on the stock in a research report on Thursday, July 30th. TD Cowen reissued a “buy” rating and issued a $400.00 target price (up from $340.00) on shares of Lam Research in a research note on Thursday, July 9th. Finally, Raymond James Financial set a $425.00 target price on Lam Research in a research report on Wednesday, June 10th. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $364.01.

Insider Transactions at Lam Research

In other Lam Research news, Director Bethany Mayer sold 9,557 shares of the stock in a transaction dated Wednesday, September 9th. The stock was sold at an average price of $314.74, for a total value of $3,007,970.18. Following the transaction, the director owned 20,995 shares of the company’s stock, valued at approximately $6,607,966.30. This represents a 31.28% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Abhijit Y. Talwalkar sold 18,282 shares of the stock in a transaction dated Monday, July 13th. The shares were sold at an average price of $335.00, for a total value of $6,124,470.00. Following the completion of the transaction, the director directly owned 87,142 shares in the company, valued at $29,192,570. The trade was a 17.34% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 32,839 shares of company stock worth $10,644,740 in the last three months. 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: A broader semiconductor and technology-stock advance lifted Lam Research alongside Analog Devices, AMD, KLA Corporation, and Marvell Technology. The move reflects continued optimism around artificial-intelligence infrastructure and chip-related demand. Analog Devices, AMD, KLA Corporation, Lam Research, and Marvell Technology stocks trade up
• Positive Sentiment: B. Riley raised its price target for LRCX from $350 to $390 and maintained a “buy” rating, signaling confidence that equipment demand and earnings can support further upside. B. Riley raises Lam Research price target
• Positive Sentiment: Recent coverage highlights strong quarterly results, a dividend increase, and resilient chip-equipment demand. Lam Research’s latest reported quarter also exceeded consensus estimates for earnings and revenue, reinforcing the bullish narrative. Lam Research gains on strong earnings and dividend hike
• Positive Sentiment: Bank of America’s designation of Lam Research as a top pick may reframe the company’s equipment-demand outlook positively, particularly as investors assess spending tied to advanced memory, logic, and AI chips. Lam Research as a BofA top pick
• Neutral Sentiment: Analysts and investors are comparing LRCX’s year-to-date performance with the broader computer and technology sector. The comparison provides context but does not introduce a new company-specific catalyst. Lam Research performance versus its sector
• Neutral Sentiment: Lam Research will discuss its September-quarter results on October 21, giving investors a forthcoming update on demand, margins, and guidance. Lam Research September quarter conference call
• Negative Sentiment: After gaining roughly 550% over five years, LRCX may look stretched. Its elevated valuation means the stock increasingly depends on sustained earnings growth, creating downside risk if semiconductor spending or future results disappoint. Lam Research valuation after its five-year run

Institutional Trading of Lam Research

A number of hedge funds have recently modified their holdings of LRCX. State Street Corp raised its holdings in Lam Research by 2.6% in the second quarter. State Street Corp now owns 60,704,130 shares of the semiconductor company’s stock worth $26,320,468,000 after purchasing an additional 1,545,830 shares during the period. Bank of America Corp DE grew its holdings in shares of Lam Research by 5.5% in the 2nd quarter. Bank of America Corp DE now owns 11,244,147 shares of the semiconductor company’s stock valued at $4,872,426,000 after buying an additional 584,489 shares during the period. Van ECK Associates Corp grew its holdings in shares of Lam Research by 411.8% in the 2nd quarter. Van ECK Associates Corp now owns 11,089,395 shares of the semiconductor company’s stock valued at $4,805,368,000 after buying an additional 8,922,854 shares during the period. Invesco Ltd. increased its position 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 valued at $3,906,559,000 after buying an additional 1,638,406 shares in the last quarter. Finally, Bank of New York Mellon Corp bought a new stake in shares of Lam Research in the 2nd quarter valued at $3,777,585,000. 84.61% of the stock is currently owned by institutional investors and hedge funds.

Lam Research Price Performance

The firm has a market cap of $434.86 billion, a price-to-earnings ratio of 60.33, a P/E/G ratio of 1.30 and a beta of 1.85. The company has a current ratio of 2.63, a quick ratio of 1.91 and a debt-to-equity ratio of 0.30. The company has a 50 day moving average of $305.26 and a 200 day moving average of $301.94.

Lam Research (NASDAQ:LRCX) last posted its earnings results on Wednesday, July 29th. The semiconductor company reported $1.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.69 by $0.13. Lam Research had a return on equity of 67.60% and a net margin of 31.27%.The firm had revenue of $6.72 billion during the quarter, compared to analysts’ expectations of $6.66 billion. During the same period in the previous year, the firm earned $1.33 earnings per share. The company’s revenue was up 30.0% on a year-over-year basis. Lam Research has set its Q1 2027 guidance at 2.000-2.300 EPS. Equities research analysts predict that Lam Research Corporation will post 9.32 EPS for the current fiscal year.

Lam Research Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 14th. Investors of record on Wednesday, September 23rd will be given a $0.33 dividend. The ex-dividend date is Wednesday, September 23rd. This represents a $1.32 annualized dividend and a dividend yield of 0.4%. This is a boost from Lam Research’s previous quarterly dividend of $0.26. Lam Research’s payout ratio is presently 22.92%.

Lam Research Company Profile

Lam Research Corporation is a semiconductor equipment company that designs, manufactures, and services systems used in the fabrication of integrated circuits and other electronic devices. Its equipment supports key steps in the wafer manufacturing process, helping semiconductor producers create increasingly small and complex features on silicon wafers.

The company’s portfolio includes systems for etch, deposition, wafer cleaning, surface preparation, and related manufacturing processes.