Lam Research (NASDAQ:LRCX) Given New $190.00 Price Target at Citigroup

Lam Research (NASDAQ:LRCX) had its price target boosted by stock analysts at Citigroup from $175.00 to $190.00 in a report issued on Tuesday,MarketScreener reports. The brokerage currently has a “buy” rating on the semiconductor company’s stock. Citigroup’s price target would indicate a potential upside of 18.14% from the company’s current price.

Several other research firms also recently weighed in on LRCX. Raymond James Financial upped their price objective on shares of Lam Research from $90.00 to $110.00 and gave the stock an “outperform” rating in a report on Thursday, July 31st. TD Cowen upped their target price on Lam Research from $145.00 to $170.00 and gave the stock a “buy” rating in a research report on Thursday, October 23rd. New Street Research lifted their price target on Lam Research from $105.00 to $140.00 and gave the company a “neutral” rating in a research report on Thursday, October 23rd. Oppenheimer set a $200.00 target price on Lam Research and gave the stock an “outperform” rating in a report on Thursday, October 23rd. Finally, Berenberg Bank raised their price objective on shares of Lam Research from $122.00 to $165.00 and gave the company a “buy” rating in a research report on Thursday, October 23rd. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $149.04.

Lam Research Stock Up 1.0%

Shares of Lam Research stock opened at $160.82 on Tuesday. Lam Research has a twelve month low of $56.32 and a twelve month high of $167.15. The company has a current ratio of 2.21, a quick ratio of 1.60 and a debt-to-equity ratio of 0.37. The business’s 50 day simple moving average is $137.51 and its 200-day simple moving average is $108.19. The stock has a market capitalization of $201.99 billion, a price-to-earnings ratio of 35.36, a PEG ratio of 1.68 and a beta of 1.87.

Lam Research (NASDAQ:LRCX) last released its quarterly earnings results on Wednesday, October 22nd. The semiconductor company reported $1.26 EPS for the quarter, topping the consensus estimate of $1.22 by $0.04. The business had revenue of $5.32 billion during the quarter, compared to analyst estimates of $5.23 billion. Lam Research had a net margin of 29.66% and a return on equity of 60.60%. The company’s quarterly revenue was up 27.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.86 earnings per share. Lam Research has set its Q2 2026 guidance at 1.050-1.250 EPS. Equities research analysts forecast that Lam Research will post 3.71 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Ava Harter sold 9,010 shares of the business’s stock in a transaction that occurred on Monday, October 27th. The shares were sold at an average price of $157.47, for a total transaction of $1,418,804.70. Following the transaction, the insider directly owned 56,786 shares of the company’s stock, valued at approximately $8,942,091.42. The trade was a 13.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Vahid Vahedi sold 52,190 shares of the stock in a transaction that occurred on Monday, October 13th. The stock was sold at an average price of $138.90, for a total transaction of $7,249,191.00. Following the completion of the sale, the senior vice president owned 251,047 shares of the company’s stock, valued at approximately $34,870,428.30. The trade was a 17.21% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 62,528 shares of company stock worth $8,880,448. 0.31% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Norges Bank bought a new stake in shares of Lam Research in the 2nd quarter valued at approximately $1,894,585,000. Vanguard Group Inc. increased its stake in shares of Lam Research by 6.9% during the 1st quarter. Vanguard Group Inc. now owns 129,152,102 shares of the semiconductor company’s stock worth $9,389,358,000 after purchasing an additional 8,364,375 shares during the last quarter. Nuveen LLC bought a new position in shares of Lam Research during the 1st quarter valued at $604,344,000. JPMorgan Chase & Co. lifted its stake in shares of Lam Research by 14.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 40,622,437 shares of the semiconductor company’s stock valued at $3,954,188,000 after purchasing an additional 5,102,589 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its stake in shares of Lam Research by 99.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 5,739,221 shares of the semiconductor company’s stock valued at $417,242,000 after purchasing an additional 2,864,863 shares during the last quarter. Hedge funds and other institutional investors own 84.61% of the company’s stock.

About Lam Research

Lam Research Corporation designs, manufactures, markets, refurbishes, and services semiconductor processing equipment used in the fabrication of integrated circuits. The company offers ALTUS systems to deposit conformal films for tungsten metallization applications; SABRE electrochemical deposition products for copper interconnect transition that offers copper damascene manufacturing; SOLA ultraviolet thermal processing products for film treatments; and VECTOR plasma-enhanced CVD ALD products.