Lam Research (NASDAQ:LRCX) Stock Price Expected to Rise, Needham & Company LLC Analyst Says

Lam Research (NASDAQ:LRCX) had its target price increased by analysts at Needham & Company LLC from $150.00 to $160.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the semiconductor company’s stock. Needham & Company LLC’s price target would indicate a potential upside of 13.27% from the stock’s previous close.

LRCX has been the topic of a number of other research reports. Wells Fargo & Company raised their target price on shares of Lam Research from $98.00 to $135.00 and gave the stock an “equal weight” rating in a report on Thursday, October 2nd. KeyCorp lifted their price target on Lam Research from $105.00 to $115.00 and gave the company an “overweight” rating in a report on Tuesday, July 15th. Citigroup lifted their price target on Lam Research from $120.00 to $175.00 and gave the company a “buy” rating in a report on Thursday. Rothschild & Co Redburn lifted their price target on Lam Research from $140.00 to $150.00 and gave the company a “buy” rating in a report on Tuesday, October 14th. Finally, Hsbc Global Res upgraded shares of Lam Research to a “hold” rating in a research note on Tuesday, September 30th. One research analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $133.84.

Lam Research Stock Performance

Shares of LRCX stock opened at $141.25 on Thursday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.55 and a current ratio of 2.21. Lam Research has a one year low of $56.32 and a one year high of $153.70. The company’s 50-day simple moving average is $121.38 and its 200-day simple moving average is $98.38. The stock has a market capitalization of $178.12 billion, a price-to-earnings ratio of 33.95, a PEG ratio of 1.76 and a beta of 1.84.

Lam Research (NASDAQ:LRCX) last issued its earnings results on Wednesday, October 22nd. The semiconductor company reported $1.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.22 by $0.04. Lam Research had a net margin of 29.07% and a return on equity of 58.17%. The firm had revenue of $5.32 billion for the quarter, compared to analysts’ expectations of $5.23 billion. During the same quarter last year, the company posted $0.86 earnings per share. Lam Research’s revenue was up 27.7% on a year-over-year basis. Lam Research has set its Q2 2026 guidance at 1.050-1.250 EPS. Equities analysts anticipate that Lam Research will post 3.71 earnings per share for the current fiscal year.

Insider Activity

In other Lam Research news, SVP Vahid Vahedi sold 52,190 shares of Lam Research stock in a transaction on Monday, October 13th. The shares were sold at an average price of $138.90, for a total transaction of $7,249,191.00. Following the completion of the sale, the senior vice president owned 251,047 shares of the company’s stock, valued at $34,870,428.30. This trade represents a 17.21% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 0.31% of the stock is owned by company insiders.

Institutional Investors Weigh In On Lam Research

Institutional investors have recently modified their holdings of the stock. Natural Investments LLC increased its holdings in shares of Lam Research by 2.4% during the 3rd quarter. Natural Investments LLC now owns 3,408 shares of the semiconductor company’s stock worth $456,000 after purchasing an additional 79 shares during the period. Relyea Zuckerberg Hanson LLC increased its holdings in shares of Lam Research by 2.2% during the 3rd quarter. Relyea Zuckerberg Hanson LLC now owns 3,675 shares of the semiconductor company’s stock worth $492,000 after purchasing an additional 80 shares during the period. Ignite Planners LLC increased its holdings in shares of Lam Research by 1.9% during the 3rd quarter. Ignite Planners LLC now owns 5,269 shares of the semiconductor company’s stock worth $706,000 after purchasing an additional 100 shares during the period. Toth Financial Advisory Corp increased its stake in Lam Research by 10.0% in the third quarter. Toth Financial Advisory Corp now owns 1,100 shares of the semiconductor company’s stock valued at $147,000 after acquiring an additional 100 shares during the period. Finally, Moss Adams Wealth Advisors LLC increased its stake in Lam Research by 3.2% in the third quarter. Moss Adams Wealth Advisors LLC now owns 3,189 shares of the semiconductor company’s stock valued at $428,000 after acquiring an additional 100 shares during the period. Institutional investors and hedge funds own 84.61% of the company’s stock.

About Lam Research

Lam Research Corporation designs, manufactures, markets, refurbishes, and services semiconductor processing equipment used in the fabrication of integrated circuits. The company offers ALTUS systems to deposit conformal films for tungsten metallization applications; SABRE electrochemical deposition products for copper interconnect transition that offers copper damascene manufacturing; SOLA ultraviolet thermal processing products for film treatments; and VECTOR plasma-enhanced CVD ALD products.