Lam Research (NASDAQ:LRCX) Upgraded by Wells Fargo & Company to Overweight Rating

Wells Fargo & Company upgraded shares of Lam Research (NASDAQ:LRCX) from an equal weight rating to an overweight rating in a report issued on Thursday, Marketbeat reports. Wells Fargo & Company currently has $250.00 price target on the semiconductor company’s stock, up from their previous price target of $145.00.

LRCX has been the topic of a number of other research reports. Evercore ISI upped their target price on Lam Research from $115.00 to $170.00 and gave the company an “outperform” rating in a research note on Thursday, October 23rd. Jefferies Financial Group reaffirmed a “buy” rating and issued a $200.00 price objective (up previously from $175.00) on shares of Lam Research in a research report on Monday, December 15th. JPMorgan Chase & Co. increased their target price on Lam Research from $113.00 to $165.00 and gave the stock an “overweight” rating in a research note on Thursday, October 23rd. Stifel Nicolaus boosted their target price on shares of Lam Research from $160.00 to $250.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, Zacks Research downgraded shares of Lam Research from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 24th. Twenty-eight equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to MarketBeat, Lam Research has an average rating of “Moderate Buy” and a consensus price target of $189.55.

Lam Research Price Performance

NASDAQ:LRCX opened at $224.95 on Thursday. The firm has a market capitalization of $282.55 billion, a price-to-earnings ratio of 49.51, a PEG ratio of 2.40 and a beta of 1.77. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.21 and a quick ratio of 1.60. The business has a 50 day simple moving average of $170.33 and a 200-day simple moving average of $136.11. Lam Research has a 1 year low of $56.32 and a 1 year high of $229.57.

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

Lam Research Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 7th. Investors of record on Wednesday, December 3rd were paid 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 yield of 0.5%. Lam Research’s payout ratio is 22.91%.

Insider Buying and Selling at Lam Research

In other Lam Research news, Director Bethany Mayer sold 1,298 shares of the stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $159.99, for a total transaction of $207,667.02. Following the sale, the director owned 1,652 shares of the company’s stock, valued at approximately $264,303.48. This trade represents a 44.00% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Ava Harter sold 9,010 shares of the business’s stock in a transaction on Monday, October 27th. The stock was sold at an average price of $157.47, for a total value of $1,418,804.70. Following the completion of 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 disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 50,418 shares of company stock valued at $7,667,305. 0.31% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

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

More Lam Research News

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

• Positive Sentiment: Wells Fargo upgraded LRCX from Equal Weight to Overweight and raised its price target to $250 (from $145), citing stronger demand assumptions; that sizable PT lift is a direct bullish catalyst. Wells Fargo upgrade
• Positive Sentiment: Stifel Nicolaus raised its price target to $250 and refreshed WFE spending forecasts (now calling for up to ~10–15% YoY growth), supporting higher sales/margins for LRCX. This underpins buy-side enthusiasm. Stifel PT raise
• Positive Sentiment: Bank of America increased its price target to $245, another large PT bump from a major house that reinforces the consensus upgrade trajectory. BofA PT raise
• Positive Sentiment: RBC upgraded the stock to a “moderate buy,” adding to the cluster of bullish analyst actions that typically drive short-term buying and improve liquidity. RBC upgrade
• Positive Sentiment: Rothschild & Co Redburn raised its PT to $225 and reiterated a Buy rating — another institutional endorsement supporting higher valuation multiples. Rothschild PT raise
• Positive Sentiment: Seeking Alpha and other analyst notes argue a WFE “supercycle” (AI + memory-driven capex) justifies higher earnings and revised valuation scenarios — analysts show base-case PTs in the $245–$291 range, boosting investor expectations. Seeking Alpha upgrade note
• Positive Sentiment: Macro/news context: Barron’s and market coverage highlight heavy TSMC and global chip capex, which benefits tool suppliers like Lam and helps justify multiple expansion. Barron’s chip capex coverage
• Neutral Sentiment: General momentum and stock-profile pieces (Zacks, Benzinga) explain why LRCX has been a top performer this cycle; useful for sentiment context but less likely to move price materially on their own. Zacks momentum piece

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.