Lam Research (NASDAQ:LRCX) Trading 2.1% Higher on Analyst Upgrade

Posted by Francis Steltz on May 13th, 2026

Lam Research Corporation (NASDAQ:LRCX – Get Free Report)’s share price shot up 2.1% during mid-day trading on Wednesday after B. Riley Financial raised their price target on the stock from $350.00 to $375.00. B. Riley Financial currently has a buy rating on the stock. Lam Research traded as high as $298.98 and last traded at $295.44. 6,940,870 shares changed hands during trading, a decline of 37% from the average session volume of 11,056,071 shares. The stock had previously closed at $289.24.

Other equities research analysts also recently issued research reports about the stock. Argus lifted their price target on shares of Lam Research from $175.00 to $280.00 in a research note on Tuesday, February 3rd. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Lam Research from $300.00 to $325.00 and gave the stock a “buy” rating in a research report on Thursday, April 23rd. Rothschild & Co Redburn boosted their target price on shares of Lam Research from $225.00 to $265.00 and gave the stock a “buy” rating in a research report on Friday, February 6th. Citic Securities boosted their target price on shares of Lam Research from $165.00 to $275.00 and gave the stock a “buy” rating in a research report on Friday, January 30th. Finally, Summit Insights raised shares of Lam Research from a “hold” rating to a “buy” rating in a research report on Thursday, January 29th. Twenty-six equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat.com, Lam Research currently has a consensus rating of “Moderate Buy” and an average target price of $291.75.

View Our Latest Stock Report on LRCX

Insider Activity at Lam Research

In related news, SVP Neil J. Fernandes sold 18,170 shares of the business’s stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $255.14, for a total transaction of $4,635,893.80. Following the completion of the sale, the senior vice president owned 66,129 shares of the company’s stock, valued at $16,872,153.06. This represents a 21.55% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Ava Harter sold 6,010 shares of the business’s stock in a transaction dated Monday, April 27th. The shares were sold at an average price of $258.66, for a total transaction of $1,554,546.60. Following the sale, the insider directly owned 53,205 shares of the company’s stock, valued at approximately $13,762,005.30. This represents a 10.15% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 120,066 shares of company stock valued at $27,953,242 in the last quarter. Insiders own 0.31% of the company’s stock.

Key Headlines Impacting Lam Research

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

Positive Sentiment: Seaport Research initiated coverage with a Buy rating and a $300 price target, reinforcing the view that Lam Research is well positioned to benefit from wafer fabrication and broader semiconductor spending. Seaport Research Affirms Lam Research Corporation (LRCX) as One of The Top Tech Stocks in Louis Navellier’s Portfolio
Positive Sentiment: B. Riley raised its price target on LRCX to $375 from $350 and reiterated a Buy rating, signaling more upside from current levels. B. Riley Adjusts Price Target on Lam Research to 375 from 350, Maintains Buy Rating
Positive Sentiment: Articles highlighted Lam Research’s near-50% gross margin and guidance for further improvement, suggesting stronger pricing power and profitability as AI chip demand boosts tool orders. LRCX’s Gross Margin Near 50: More Upside Ahead Amid AI-Led Demand?
Positive Sentiment: Recent commentary also pointed to a memory-chip shortage driving higher spending on semiconductor equipment, which could support demand for Lam Research tools. The Memory Shortage Has Supercharged This AI Stock That Has Jumped 293% in a Year. It Can Still Soar Higher
Neutral Sentiment: Market commentary and valuation-focused pieces suggest investors are weighing the stock’s strong momentum and rich valuation after a big run, but these articles are more reflective than catalytic. Assessing Lam Research (LRCX) Valuation After AI Infrastructure Momentum And Analyst Upgrades
Neutral Sentiment: Several “buy/sell/hold” and long-term performance articles mainly reinforce the company’s strong track record, but do not add a major new catalyst. Is Lam Research Corporation (LRCX) A Good Stock To Buy Now?

Institutional Investors Weigh In On Lam Research

A number of institutional investors have recently modified their holdings of LRCX. Brighton Jones LLC boosted its stake in Lam Research by 1,032.4% during the 4th quarter. Brighton Jones LLC now owns 14,189 shares of the semiconductor company’s stock valued at $1,025,000 after purchasing an additional 12,936 shares during the period. Caxton Associates LLP acquired a new stake in shares of Lam Research in the first quarter valued at approximately $239,000. Gabelli Funds LLC bought a new stake in shares of Lam Research during the second quarter valued at approximately $253,000. NewEdge Advisors LLC raised its holdings in shares of Lam Research by 2.7% during the second quarter. NewEdge Advisors LLC now owns 100,528 shares of the semiconductor company’s stock valued at $9,785,000 after buying an additional 2,661 shares during the last quarter. Finally, Osterweis Capital Management Inc. raised its holdings in shares of Lam Research by 5,206.7% during the second quarter. Osterweis Capital Management Inc. now owns 796 shares of the semiconductor company’s stock valued at $77,000 after buying an additional 781 shares during the last quarter. Institutional investors own 84.61% of the company’s stock.

Lam Research Stock Performance

The stock has a fifty day moving average price of $242.07 and a two-hundred day moving average price of $208.13. The company has a market cap of $369.47 billion, a P/E ratio of 55.74, a PEG ratio of 2.45 and a beta of 1.81. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.54 and a quick ratio of 1.77.

Lam Research (NASDAQ:LRCX – Get Free Report) last released its quarterly earnings results on Wednesday, April 22nd. The semiconductor company reported $1.47 earnings per share for the quarter, beating analysts’ consensus estimates of $1.36 by $0.11. The company 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 for the quarter was up 23.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.04 earnings per share. Lam Research has set its Q4 2026 guidance at 1.500-1.800 EPS. On average, equities analysts forecast that Lam Research Corporation will post 5.67 earnings per share for the current fiscal year.

Lam Research Company Profile

(Get Free Report)

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.

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