Lam Research (NASDAQ:LRCX) Reaches New 1-Year High After Analyst Upgrade

Lam Research Corporation (NASDAQ:LRCX) reached a new 52-week high during mid-day trading on Thursday after Susquehanna raised their price target on the stock from $325.00 to $350.00. Susquehanna currently has a positive rating on the stock. Lam Research traded as high as $258.44 and last traded at $256.8430, with a volume of 5127075 shares. The stock had previously closed at $246.49.

A number of other equities analysts have also issued reports on LRCX. Citic Securities lifted their price objective on Lam Research from $165.00 to $275.00 and gave the company a “buy” rating in a report on Friday, January 30th. TD Cowen lifted their price objective on Lam Research from $170.00 to $290.00 and gave the company a “buy” rating in a report on Thursday, January 29th. Rothschild & Co Redburn lifted their price objective on Lam Research from $225.00 to $265.00 and gave the company a “buy” rating in a report on Friday, February 6th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $320.00 price objective (up from $265.00) on shares of Lam Research in a report on Thursday, January 29th. Finally, Oppenheimer reaffirmed an “outperform” rating and issued a $265.00 price objective on shares of Lam Research in a report on Thursday, January 29th. Twenty-seven equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $246.32.

Insider Transactions at Lam Research

In other news, Director Eric Brandt sold 35,000 shares of the business’s stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $225.60, for a total transaction of $7,896,000.00. Following the sale, the director owned 253,705 shares of the company’s stock, valued at $57,235,848. The trade was a 12.12% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Douglas R. Bettinger sold 50,057 shares of the business’s stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $224.03, for a total value of $11,214,269.71. Following the sale, the chief financial officer directly owned 1,081,705 shares in the company, valued at $242,334,371.15. This trade represents a 4.42% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 130,886 shares of company stock valued at $29,658,802 in the last quarter. 0.31% of the stock is currently owned by corporate insiders.

Key Stories Impacting Lam Research

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

• Positive Sentiment: Susquehanna raised its price target to $350 and kept a “positive” rating — a sizable upside vs. the current price, which likely reinforced buy-side interest. Susquehanna Adjusts Price Target on Lam Research to $350
• Positive Sentiment: Several analyst upgrades and bullish research notes (including Morgan Stanley coverage and other upgrades) are driving incremental buy-side flows and price momentum. Lam Research Trading Higher on Analyst Upgrade
• Positive Sentiment: Management highlighted AI-driven demand and strong operational performance at the Cantor Fitzgerald conference; investors see durable secular tailwinds in AI chip investment that support revenue prospects. What Lam Research Highlighted at Cantor Fitzgerald Conference
• Positive Sentiment: Sector/market rally (Nasdaq led) after geopolitical easing lifted semiconductors broadly, helping semiconductor-equipment names like LRCX. Nasdaq Leads Strong Wall Street Rebound
• Neutral Sentiment: Recent earnings and guidance (Q2 revenue beat, raised Q3 EPS range) underpin enthusiasm, but analysts and investors are actively re‑pricing valuation — some coverage focuses on whether the rally has priced in too much near-term growth. Valuation After Recent Share Price Momentum
• Neutral Sentiment: Momentum and “is it too late?” commentary are prompting profit-taking debate; this keeps volatility higher even as the secular case remains intact. Is It Too Late To Consider Lam Research?
• Negative Sentiment: Zacks downgraded LRCX from “strong-buy” to “hold,” which can pressure shorter-term momentum traders and reduce conviction among some retail/institutional buyers. Zacks Downgrades Lam Research
• Negative Sentiment: Significant insider selling activity has been reported (multiple executives selling over the past six months), a potential negative signal for sentiment even if sales are for diversification/liquidity. Quiver Quantitative on LRCX

Institutional Investors Weigh In On Lam Research

Several institutional investors have recently modified their holdings of LRCX. PMV Capital Advisers LLC purchased a new stake in shares of Lam Research during the 4th quarter worth approximately $25,000. Stance Capital LLC acquired a new position in shares of Lam Research during the 3rd quarter worth approximately $26,000. Bayban acquired a new position in shares of Lam Research during the 4th quarter worth approximately $26,000. Triumph Capital Management acquired a new position in shares of Lam Research during the 3rd quarter worth approximately $27,000. Finally, Mcguire Capital Advisors Inc. acquired a new position in shares of Lam Research during the 4th quarter worth approximately $27,000. Hedge funds and other institutional investors own 84.61% of the company’s stock.

Lam Research Price Performance

The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.61 and a current ratio of 2.26. The stock has a market capitalization of $320.64 billion, a price-to-earnings ratio of 52.56, a P/E/G ratio of 2.35 and a beta of 1.78. The company has a 50-day moving average of $226.83 and a 200-day moving average of $187.54.

Lam Research (NASDAQ:LRCX) last issued its quarterly earnings data on Wednesday, January 28th. The semiconductor company reported $1.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.17 by $0.10. Lam Research had a return on equity of 62.81% and a net margin of 30.22%.The firm had revenue of $5.34 billion during the quarter, compared to the consensus estimate of $5.23 billion. During the same period in the previous year, the firm posted $0.91 EPS. The company’s quarterly revenue was up 22.1% compared to the same quarter last year. Lam Research has set its Q3 2026 guidance at 1.250-1.450 EPS. As a group, equities research analysts expect that Lam Research Corporation will post 3.71 earnings per share for the current fiscal year.

Lam Research Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 8th. Investors of record on Wednesday, March 4th were given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 0.4%. The ex-dividend date was Wednesday, March 4th. Lam Research’s payout ratio is currently 21.31%.

Lam Research Company Profile

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.