Lam Research (NASDAQ:LRCX) Price Target Raised to $300.00 at Citigroup

Lam Research (NASDAQ:LRCX) had its price target increased by Citigroup from $265.00 to $300.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the semiconductor company’s stock. Citigroup’s target price indicates a potential upside of 23.66% from the company’s current price.

Other equities analysts have also recently issued reports about the company. Needham & Company LLC upped their price objective on Lam Research from $250.00 to $300.00 and gave the stock a “buy” rating in a report on Thursday. KeyCorp reiterated a “sector weight” rating on shares of Lam Research in a research report on Thursday. Dbs Bank upped their price objective on shares of Lam Research from $119.40 to $184.20 in a report on Monday, October 27th. Bank of America raised their price objective on shares of Lam Research from $195.00 to $245.00 and gave the company a “buy” rating in a research note on Tuesday, January 13th. Finally, UBS Group set a $300.00 target price on shares of Lam Research in a report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $233.49.

Lam Research Stock Up 1.3%

Shares of NASDAQ LRCX traded up $3.02 during trading on Thursday, hitting $242.60. 8,068,551 shares of the company traded hands, compared to its average volume of 13,463,196. The business’s fifty day moving average is $183.31 and its 200 day moving average is $144.37. The firm has a market capitalization of $304.71 billion, a price-to-earnings ratio of 53.55, a P/E/G ratio of 3.01 and a beta of 1.77. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.60 and a current ratio of 2.21. Lam Research has a fifty-two week low of $56.32 and a fifty-two week high of $251.38.

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 during 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%.Lam Research’s revenue was up 22.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.91 earnings per share. Lam Research has set its Q3 2026 guidance at 1.250-1.450 EPS. Equities research analysts predict that Lam Research will post 3.71 earnings per share for the current fiscal year.

Insider Buying and Selling at Lam Research

In related news, CFO Douglas R. Bettinger sold 40,080 shares of the stock in a transaction dated Friday, November 14th. The stock was sold at an average price of $150.60, for a total value of $6,036,048.00. Following the completion of the transaction, the chief financial officer owned 987,237 shares of the company’s stock, valued at approximately $148,677,892.20. This represents a 3.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Bethany Mayer sold 1,298 shares of the business’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $159.99, for a total value of $207,667.02. Following the completion of the sale, the director directly owned 1,652 shares of the company’s stock, valued at approximately $264,303.48. This represents a 44.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 41,408 shares of company stock worth $6,248,501 in the last ninety days. 0.31% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Sava Infond d.o.o. increased its position in shares of Lam Research by 3.1% during the 2nd quarter. Sava Infond d.o.o. now owns 75,250 shares of the semiconductor company’s stock valued at $7,325,000 after purchasing an additional 2,250 shares during the period. First Citizens Bank & Trust Co. lifted its holdings in Lam Research by 8.0% in the 3rd quarter. First Citizens Bank & Trust Co. now owns 140,433 shares of the semiconductor company’s stock valued at $18,804,000 after acquiring an additional 10,408 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its position in shares of Lam Research by 30.9% during the 3rd quarter. Oregon Public Employees Retirement Fund now owns 144,656 shares of the semiconductor company’s stock valued at $19,369,000 after purchasing an additional 34,147 shares in the last quarter. Horizon Bancorp Inc. IN acquired a new position in shares of Lam Research in the 2nd quarter worth approximately $389,000. Finally, Truist Financial Corp raised its holdings in shares of Lam Research by 119.6% in the 3rd quarter. Truist Financial Corp now owns 1,676,637 shares of the semiconductor company’s stock worth $224,502,000 after purchasing an additional 913,009 shares in the last quarter. 84.61% of the stock is owned by institutional investors and hedge funds.

Lam Research News Roundup

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

• Positive Sentiment: Q2 results beat consensus: Lam reported $1.27 EPS vs. $1.17 expected and revenue of $5.34B (up ~22% Y/Y); management set Q3 EPS guidance above consensus and guided revenue above Street expectations — the core driver of the rally. Read More.
• Positive Sentiment: Analysts raise targets and upgrade ratings after the beat and strong outlook — multiple firms (Wells Fargo, Deutsche, Needham, TD Cowen, Stifel, Summit Insights) lifted price targets and/or ratings, signaling consensus bullishness on near‑term demand and AI-related content gains. Read More.
• Positive Sentiment: Market commentary frames the quarter as “extraordinarily bullish” (Barron’s) and media/TV pundits highlight tight demand for Lam’s tools, supporting a durable demand narrative tied to AI, foundry and NAND investment cycles. Read More.
• Neutral Sentiment: Deeper metric checks and transcript coverage are available for investors who want drill‑down detail on bookings, customer mix and margins — useful for confirming whether the beat is broad‑based or concentrated in specific product lines. Read More.
• Negative Sentiment: Valuation and pullback risk: some analysts and outlets warn LRCX’s rapid run (shares well above prior levels) raises valuation questions and increases susceptibility to sharp corrections if execution or demand softens. Read More.
• Negative Sentiment: Geopolitical/China exposure flagged as a watch item — China demand and supply‑chain/regulatory dynamics could temper upside or add volatility to future quarters. Read More.

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.