Mizuho Issues Positive Forecast for Lam Research (NASDAQ:LRCX) Stock Price

Lam Research (NASDAQ:LRCX) had its target price hoisted by Mizuho from $162.00 to $170.00 in a note issued to investors on Thursday,Benzinga reports. The firm presently has an “outperform” rating on the semiconductor company’s stock. Mizuho’s price target suggests a potential upside of 20.35% from the stock’s current price.

A number of other analysts have also commented on the company. Wall Street Zen upgraded Lam Research from a “hold” rating to a “buy” rating in a research report on Saturday, October 4th. UBS Group boosted their target price on Lam Research from $95.00 to $120.00 and gave the company a “buy” rating in a research note on Monday, July 21st. Argus upped their price objective on Lam Research from $105.00 to $120.00 and gave the stock a “buy” rating in a research note on Friday, August 1st. Summit Insights lowered Lam Research from a “buy” rating to a “hold” rating in a report on Thursday, July 31st. Finally, Erste Group Bank began coverage on Lam Research in a research report on Thursday, August 14th. They set a “buy” rating on the stock. One analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $133.84.

Lam Research Stock Performance

LRCX opened at $141.25 on Thursday. Lam Research has a 52-week low of $56.32 and a 52-week high of $153.70. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.55 and a current ratio of 2.21. The company has a market cap of $178.12 billion, a PE ratio of 33.95, a price-to-earnings-growth ratio of 1.76 and a beta of 1.84. The stock has a 50-day moving average of $121.38 and a 200-day moving average of $98.38.

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

Insider Activity at Lam Research

In related news, SVP Vahid Vahedi sold 52,190 shares of the stock in a transaction dated Monday, October 13th. The stock was 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 directly owned 251,047 shares in the company, valued at $34,870,428.30. This represents a 17.21% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.31% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in LRCX. Vanguard Group Inc. increased its holdings in shares of Lam Research by 1.1% in the 2nd quarter. Vanguard Group Inc. now owns 130,609,265 shares of the semiconductor company’s stock worth $12,713,506,000 after purchasing an additional 1,457,163 shares in the last quarter. State Street Corp boosted its stake in shares of Lam Research by 1.1% in the 2nd quarter. State Street Corp now owns 59,551,547 shares of the semiconductor company’s stock worth $5,810,172,000 after buying an additional 629,666 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Lam Research by 14.4% in the 2nd 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 during the last quarter. Geode Capital Management LLC boosted its stake in shares of Lam Research by 3.5% in the 2nd quarter. Geode Capital Management LLC now owns 33,802,736 shares of the semiconductor company’s stock worth $3,280,484,000 after buying an additional 1,135,405 shares during the last quarter. Finally, Norges Bank purchased a new position in shares of Lam Research in the 2nd quarter worth $1,894,585,000. Institutional investors own 84.61% of the company’s stock.

Lam Research Company Profile

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.