Lam Research (NASDAQ:LRCX) Price Target Raised to $290.00 at Wells Fargo & Company

Lam Research (NASDAQ:LRCX) had its price target upped by investment analysts at Wells Fargo & Company from $250.00 to $290.00 in a research note issued on Thursday,MarketScreener reports. The brokerage currently has an “overweight” rating on the semiconductor company’s stock. Wells Fargo & Company‘s price objective indicates a potential upside of 18.60% from the company’s current price.

LRCX has been the subject of a number of other reports. Citigroup restated a “buy” rating and issued a $265.00 target price (up from $190.00) on shares of Lam Research in a research report on Thursday, January 22nd. New Street Research lifted their price objective on shares of Lam Research from $140.00 to $195.00 and gave the stock a “neutral” rating in a research report on Thursday, January 22nd. Rothschild & Co Redburn raised their price target on shares of Lam Research from $150.00 to $225.00 and gave the stock a “buy” rating in a report on Tuesday, January 13th. Barclays set a $250.00 price target on Lam Research in a research note on Thursday. Finally, The Goldman Sachs Group set a $262.00 price target on Lam Research in a research report on Thursday. One research analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $226.39.

Lam Research Stock Performance

LRCX stock traded up $4.94 during trading on Thursday, hitting $244.52. 3,004,561 shares of the company’s stock traded hands, compared to its average volume of 13,232,577. The company has a quick ratio of 1.60, a current ratio of 2.21 and a debt-to-equity ratio of 0.37. Lam Research has a 52 week low of $56.32 and a 52 week high of $251.38. The stock has a fifty day moving average price of $183.31 and a two-hundred day moving average price of $144.37. The stock has a market capitalization of $307.12 billion, a price-to-earnings ratio of 53.79, a price-to-earnings-growth ratio of 3.01 and a beta of 1.77.

Lam Research (NASDAQ:LRCX) last announced its quarterly earnings results on Wednesday, January 28th. The semiconductor company reported $1.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.17 by $0.10. The business had revenue of $5.34 billion for the quarter, compared to the consensus estimate of $5.23 billion. Lam Research had a return on equity of 60.60% and a net margin of 29.66%.The business’s revenue was up 22.1% on a year-over-year basis. During the same quarter last year, the business posted $0.91 EPS. Lam Research has set its Q3 2026 guidance at 1.250-1.450 EPS. As a group, equities analysts anticipate that Lam Research will post 3.71 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Bethany Mayer sold 1,298 shares of Lam Research stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $159.99, for a total transaction of $207,667.02. Following the transaction, the director directly owned 1,652 shares of the company’s stock, valued at $264,303.48. This trade represents a 44.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Douglas R. Bettinger sold 40,080 shares of the firm’s stock in a transaction that occurred on Friday, November 14th. The stock was sold at an average price of $150.60, for a total transaction of $6,036,048.00. Following the sale, the chief financial officer owned 987,237 shares of the company’s stock, valued at $148,677,892.20. This trade represents a 3.90% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 41,408 shares of company stock worth $6,248,501 over the last quarter. 0.31% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in LRCX. Norges Bank acquired a new position in Lam Research during the second quarter worth about $1,894,585,000. Arrowstreet Capital Limited Partnership increased its holdings in shares of Lam Research by 781.3% during the third quarter. Arrowstreet Capital Limited Partnership now owns 11,340,865 shares of the semiconductor company’s stock worth $1,518,542,000 after buying an additional 10,053,978 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Lam Research by 14.4% during 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 acquiring an additional 5,102,589 shares in the last quarter. Invesco Ltd. increased its holdings in Lam Research by 18.2% in the 3rd quarter. Invesco Ltd. now owns 21,182,948 shares of the semiconductor company’s stock worth $2,836,397,000 after purchasing an additional 3,263,658 shares in the last quarter. Finally, Nordea Investment Management AB boosted its stake in shares of Lam Research by 34.1% during the second quarter. Nordea Investment Management AB now owns 10,594,574 shares of the semiconductor company’s stock valued at $1,029,210,000 after purchasing an additional 2,692,189 shares in the last quarter. 84.61% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting Lam Research

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

• Positive Sentiment: Q2 results beat across the board — Lam reported $1.27 EPS on $5.34B revenue, beating estimates and showing 22% y/y revenue growth; management gave Q3 EPS guidance of $1.25–1.45 and revenue above Street expectations, underpinning the rally. Reuters: Lam Research forecasts strong quarterly results on chipmaking tool demand
• Positive Sentiment: Analysts are upgrading and lifting targets — Needham bumped its target to $300 (Buy), TD Cowen raised its target to $290 (Buy), Summit Insights upgraded to Buy and other shops (Stifel, Evercore) have raised targets — reinforcing upside expectations. (See Benzinga / firm notes for specific upgrades.) Benzinga: Analyst coverage
• Positive Sentiment: Market commentary highlights structural demand drivers — coverage notes Lam is benefiting from AI-led content gains, expanding foundry and NAND investments, and tight supply for its tools. These secular drivers support higher bookings and revenue visibility. InsiderMonkey: Lam Research poised to benefit
• Positive Sentiment: Positive media reaction to earnings — outlets like Barron’s and Zacks called the quarter “extraordinarily bullish” or highlighted the beat, which can attract momentum and fund flows into LRCX. Barron’s: Why earnings were bullish
• Neutral Sentiment: Earnings materials and call transcript are available for detail — investors can review the press release, slide deck and call transcript for bookings, customer cadence and regional commentary. Lam press release/slide deck Call transcript
• Neutral Sentiment: Price action and valuation are mixed — LRCX has rallied strongly over the past year, and some reports simply note new 12‑month highs and upgrades without deeper risk analysis. AmericanBankingNews: Analyst-driven move
• Negative Sentiment: Valuation and pullback risk flagged — commentary warns the stock’s rapid run-up increases vulnerability to large corrections and raises questions about whether current multiples fully reflect the recovery. Forbes: Valuation/reality-check piece
• Negative Sentiment: Geopolitical/regional risk remains — coverage notes China-related demand and policy dynamics could weigh on the outlook or produce volatility even amid strong AI-driven demand. MSN: China risks

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.