Lam Research (NASDAQ:LRCX) Sets New 12-Month High After Analyst Upgrade

Lam Research Corporation (NASDAQ:LRCX)’s stock price reached a new 52-week high during trading on Thursday after Stifel Nicolaus raised their price target on the stock from $160.00 to $250.00. Stifel Nicolaus currently has a buy rating on the stock. Lam Research traded as high as $229.57 and last traded at $221.0430, with a volume of 2970122 shares trading hands. The stock had previously closed at $208.79.

Several other equities analysts have also issued reports on the company. Wells Fargo & Company upped their target price on Lam Research from $135.00 to $145.00 and gave the company an “equal weight” rating in a report on Thursday, October 23rd. Cowen reissued a “buy” rating on shares of Lam Research in a research report on Thursday, October 23rd. New Street Research upped their price objective on Lam Research from $105.00 to $140.00 and gave the company a “neutral” rating in a research note on Thursday, October 23rd. Bank of America raised their target price on Lam Research from $195.00 to $245.00 and gave the company a “buy” rating in a research report on Tuesday. Finally, BNP Paribas Exane boosted their price target on shares of Lam Research from $80.00 to $140.00 and gave the stock a “neutral” rating in a report on Thursday, October 23rd. Twenty-eight research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat, Lam Research has an average rating of “Moderate Buy” and an average target price of $183.68.

Insider Transactions at Lam Research

In other Lam Research news, CFO Douglas R. Bettinger sold 40,080 shares of the stock in a transaction dated Friday, November 14th. The shares were sold at an average price of $150.60, for a total transaction of $6,036,048.00. Following the completion of the transaction, the chief financial officer owned 987,237 shares in the company, valued at $148,677,892.20. This trade represents a 3.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, 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 completion of the sale, the insider directly owned 56,786 shares in the company, valued at approximately $8,942,091.42. This trade represents a 13.69% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 50,418 shares of company stock worth $7,667,305. 0.31% of the stock is owned by company insiders.

More Lam Research News

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

• Positive Sentiment: Zacks highlights LRCX’s 165% one‑year surge driven by booming AI demand, strong revenue and expanding margins — reinforces momentum and buy-side interest. Lam Research Soars 165% in a Year: Is LRCX Stock Still a Buy?
• Positive Sentiment: Barron’s reports chip-equipment names including Lam are rallying as TSMC’s heavy spending lifts demand for machinery — a direct revenue catalyst for LRCX. ASML, Lam Research, Applied Materials Surge. Why Chip Stocks Are Getting a Boost.
• Positive Sentiment: Bank of America raised its price target to $245 — a near‑term valuation support that can lift investor confidence and multiple expansion. Bank of America Increases Lam Research (NASDAQ:LRCX) Price Target to $245.00
• Positive Sentiment: Stifel boosted its price target to $250 and reiterated a Buy, signaling stronger analyst conviction and providing additional buy‑side rationale. LRCX – Lam Research price target raised by at Stifel — here’s why
• Positive Sentiment: Stifel also notes WFE (wafer fab equipment) spending could grow up to 15% in 2026 — a favorable industry tailwind for Lam’s order book. WFE spending forecast to grow up to 15% in 2026: Stifel
• Positive Sentiment: Coverage on bullish inflows into LRCX since September highlights strong institutional participation that can amplify rallies. See How Bullish Inflows Boost Lam Research
• Positive Sentiment: Seeking Alpha’s podcast flagged TSMC and Lam Research as catalysts for an early market rally — increased media attention can attract momentum flows. Wall Street Breakfast Podcast: TSMC, Lam Research Spark Early Market Rally
• Positive Sentiment: Zacks notes LRCX hit a 52‑week high — technical breakout that often attracts momentum traders and quant flows. Lam Research Corporation (LRCX) Hit a 52 Week High, Can the Run Continue?
• Neutral Sentiment: Intraday note: LRCX recently had a larger single‑day dip than the broader market in one session — a reminder of higher volatility even amid an uptrend. Lam Research (LRCX) Sees a More Significant Dip Than Broader Market: Some Facts to Know
• Negative Sentiment: Zacks warns Lam’s China revenue could fall below 30% in 2026 due to export curbs — a geopolitical/customer-concentration risk that could pressure growth or margins. Will LRCX’s China Revenue Drop Below 30% Hurt 2026 Growth Outlook?

Institutional Investors Weigh In On Lam Research

A number of institutional investors and hedge funds have recently modified their holdings of LRCX. Vanguard Group Inc. boosted its holdings in Lam Research by 0.3% in the 3rd quarter. Vanguard Group Inc. now owns 130,974,214 shares of the semiconductor company’s stock valued at $17,537,447,000 after purchasing an additional 364,949 shares during the period. State Street Corp raised its position in shares of Lam Research by 0.4% in the third quarter. State Street Corp now owns 59,817,352 shares of the semiconductor company’s stock worth $8,024,684,000 after buying an additional 265,805 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Lam Research by 14.4% in the second quarter. JPMorgan Chase & Co. now owns 40,622,437 shares of the semiconductor company’s stock worth $3,954,188,000 after buying an additional 5,102,589 shares in the last quarter. Geode Capital Management LLC boosted its stake in Lam Research by 3.5% during the second quarter. Geode Capital Management LLC now owns 33,802,736 shares of the semiconductor company’s stock valued at $3,280,484,000 after buying an additional 1,135,405 shares during the period. Finally, Invesco Ltd. grew its position in Lam Research by 18.2% during the third quarter. Invesco Ltd. now owns 21,182,948 shares of the semiconductor company’s stock worth $2,836,397,000 after buying an additional 3,263,658 shares in the last quarter. 84.61% of the stock is owned by hedge funds and other institutional investors.

Lam Research Stock Performance

The firm has a market capitalization of $277.45 billion, a PE ratio of 49.02, a PEG ratio of 2.47 and a beta of 1.77. The company has a quick ratio of 1.60, a current ratio of 2.21 and a debt-to-equity ratio of 0.37. The company has a 50-day moving average of $169.22 and a 200 day moving average of $135.54.

Lam Research (NASDAQ:LRCX) last issued its quarterly earnings results on Wednesday, October 22nd. The semiconductor company reported $1.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.22 by $0.04. The firm had revenue of $5.32 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%.The company’s revenue for the quarter was up 27.7% on a year-over-year basis. During the same quarter last year, the company posted $0.86 EPS. Lam Research has set its Q2 2026 guidance at 1.050-1.250 EPS. Equities research analysts predict that Lam Research Corporation will post 3.71 EPS for the current year.

Lam Research Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 7th. Stockholders of record on Wednesday, December 3rd were issued a $0.26 dividend. The ex-dividend date of this dividend was Wednesday, December 3rd. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.5%. Lam Research’s dividend payout ratio is presently 22.91%.

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.