Sanford C. Bernstein Raises Lam Research (NASDAQ:LRCX) Price Target to $340.00

Lam Research (NASDAQ:LRCX) had its price target hoisted by equities research analysts at Sanford C. Bernstein from $325.00 to $340.00 in a research note issued to investors on Thursday,MarketScreener reports. The firm presently has an “outperform” rating on the semiconductor company’s stock. Sanford C. Bernstein’s target price points to a potential upside of 16.33% from the stock’s current price.

Several other research analysts have also weighed in on the stock. HSBC increased their price objective on shares of Lam Research from $221.00 to $247.00 and gave the stock a “hold” rating in a report on Friday, April 24th. KeyCorp reaffirmed a “sector weight” rating on shares of Lam Research in a research report on Thursday, January 29th. Oppenheimer reaffirmed an “outperform” rating and set a $330.00 price target on shares of Lam Research in a research note on Thursday, April 23rd. UBS Group set a $300.00 price target on shares of Lam Research in a report on Thursday, January 29th. Finally, Berenberg Bank upped their price objective on Lam Research from $265.00 to $335.00 and gave the stock a “buy” rating in a report on Thursday, April 23rd. Twenty-seven investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $293.46.

Lam Research Trading Up 0.1%

Shares of LRCX opened at $292.26 on Thursday. Lam Research has a fifty-two week low of $79.49 and a fifty-two week high of $302.00. The company has a market capitalization of $365.50 billion, a PE ratio of 55.15, a price-to-earnings-growth ratio of 2.26 and a beta of 1.81. The stock has a fifty day moving average of $250.60 and a two-hundred day moving average of $213.69. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.77 and a current ratio of 2.54.

Lam Research (NASDAQ:LRCX) last posted its quarterly earnings data on Wednesday, April 22nd. The semiconductor company reported $1.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.36 by $0.11. The business had revenue of $5.84 billion for the quarter, compared to analysts’ expectations of $5.70 billion. Lam Research had a return on equity of 66.21% and a net margin of 30.94%.The business’s revenue was up 23.8% on a year-over-year basis. During the same quarter last year, the firm earned $1.04 earnings per share. Lam Research has set its Q4 2026 guidance at 1.500-1.800 EPS. As a group, analysts forecast that Lam Research will post 5.67 EPS for the current year.

Insider Transactions at Lam Research

In other news, SVP Neil J. Fernandes sold 18,170 shares of the firm’s stock in a transaction on Friday, May 1st. The shares were sold at an average price of $255.14, for a total value of $4,635,893.80. Following the transaction, the senior vice president owned 66,129 shares of the company’s stock, valued at approximately $16,872,153.06. This trade represents a 21.55% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Douglas R. Bettinger sold 50,057 shares of Lam Research stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $224.03, for a total transaction of $11,214,269.71. Following the transaction, the chief financial officer owned 1,081,705 shares in the company, valued at $242,334,371.15. The trade was a 4.42% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 120,066 shares of company stock valued at $27,953,242 over the last 90 days. Corporate insiders own 0.31% of the company’s stock.

Institutional Investors Weigh In On Lam Research

A number of large investors have recently modified their holdings of LRCX. PMV Capital Advisers LLC purchased a new position in Lam Research in the 4th quarter worth approximately $25,000. Stance Capital LLC purchased a new stake in shares of Lam Research during the third quarter valued at approximately $26,000. Bayban acquired a new position in shares of Lam Research during the fourth quarter worth $26,000. Vermillion Wealth Management Inc. acquired a new position in shares of Lam Research during the first quarter worth $26,000. Finally, Cedar Mountain Advisors LLC boosted its stake in shares of Lam Research by 242.9% in the first quarter. Cedar Mountain Advisors LLC now owns 120 shares of the semiconductor company’s stock valued at $26,000 after purchasing an additional 85 shares during the period. Institutional investors and hedge funds own 84.61% of the company’s stock.

Key Stories Impacting Lam Research

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

• Positive Sentiment: Reuters reported that Lam Research opened a new research lab in Salzburg, Austria, focused on advanced chip packaging that could raise chip density and lower costs, reinforcing its role in AI semiconductor infrastructure. Lam Research opens Austria lab to advance chip packaging, cut costs
• Positive Sentiment: Morgan Stanley upgraded Lam Research to Overweight, and other recent reports note higher price targets as analysts grow more constructive on the semiconductor equipment cycle. LRCX Overweight: How Lam Research Is Poised to Outperform the $149B WFE Market
• Positive Sentiment: Bernstein raised its price target on LRCX after increasing global WFE spending forecasts, citing better memory expansion outlook in China and broader industry demand. Bernstein lifts price targets on LRCX and KLAC after lifting WFE forecasts
• Positive Sentiment: Lam Research also raised its WFE outlook amid strong AI chip demand, with recent commentary pointing to record revenue and EPS momentum plus strength in etch, deposition, and memory-related investments. LRCX Ups WFE View Amid AI Demand: Can It Lift Systems Revenues?
• Positive Sentiment: Coverage highlighting Lam Research as a key supplier to memory-chip makers suggests the company could benefit from the AI memory buildout and rising equipment spending across the sector. Forget the Memory Chip Arms Race. The Real Trade Is the 3 Equipment Companies Every Chipmaker Must Pay First

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.