Lam Research (NASDAQ:LRCX) Trading Up 12.7% After Analyst Upgrade

Posted by Brian Himes on Jun 11th, 2026

Lam Research Corporation (NASDAQ:LRCX – Get Free Report)’s stock price traded up 12.7% during mid-day trading on Thursday after Barclays raised their price target on the stock from $275.00 to $335.00. Barclays currently has an equal weight rating on the stock. Lam Research traded as high as $364.81 and last traded at $362.52. 14,549,363 shares were traded during mid-day trading, an increase of 34% from the average session volume of 10,880,257 shares. The stock had previously closed at $321.80.

Other equities research analysts also recently issued reports about the company. Royal Bank Of Canada raised their price target on Lam Research from $290.00 to $310.00 and gave the company an “outperform” rating in a research report on Thursday, April 23rd. Jefferies Financial Group raised their price target on Lam Research from $285.00 to $315.00 and gave the company a “buy” rating in a research report on Thursday, April 23rd. Erste Group Bank downgraded Lam Research from a “buy” rating to a “hold” rating in a research report on Thursday, April 2nd. Sanford C. Bernstein raised their price target on Lam Research from $325.00 to $340.00 and gave the company an “outperform” rating in a research report on Thursday, May 21st. Finally, Weiss Ratings downgraded Lam Research from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, May 14th. Twenty-eight investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $322.01.

View Our Latest Stock Report on Lam Research

Insider Transactions at Lam Research

In related news, insider Ava Harter sold 6,010 shares of Lam Research stock in a transaction dated Monday, April 27th. The stock was 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 $13,762,005.30. This trade represents a 10.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Neil J. Fernandes sold 7,659 shares of Lam Research stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $309.60, for a total value of $2,371,226.40. Following the sale, the senior vice president directly owned 58,470 shares in the company, valued at approximately $18,102,312. This trade represents a 11.58% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 31,839 shares of company stock worth $8,561,667. 0.31% of the stock is owned by company insiders.

Key Headlines Impacting Lam Research

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

Positive Sentiment: Barclays raised its wafer-fab equipment outlook and increased price targets across chip-equipment names, including Lam Research, reinforcing the view that AI-related capital spending remains strong. Barclays raises price targets on chip stocks after raising WFE estimates
Positive Sentiment: UBS also lifted its target on Lam Research, adding to bullish sentiment around the stock and helping extend the rally in semiconductor equipment shares. Lam Research jumps as upbeat chip-equipment spending outlook and fresh analyst target hikes lift sentiment
Positive Sentiment: Lam’s management recently raised its 2026 wafer-fab equipment market forecast, which suggests the industry spending cycle may be stronger than previously expected. Lam Research jumps as upbeat chip-equipment spending outlook and fresh analyst target hikes lift sentiment
Positive Sentiment: Recent earnings results were solid, with Lam Research beating EPS and revenue estimates and guiding to stronger next-quarter sales, which supports the bullish AI/infrastructure narrative. Lam Research jumps as upbeat chip-equipment spending outlook and fresh analyst target hikes lift sentiment
Neutral Sentiment: Analyst and media coverage continues to frame Lam Research as a key beneficiary of AI infrastructure growth and an “unstoppable growth” semiconductor stock, but these items are mostly sentiment boosters rather than new company-specific fundamentals. Lam Research Up 87% YTD: Is the Chipmaking Tool Provider Still a Buy?
Negative Sentiment: Some recent trading has been volatile, and Lam shares also had a down session in the prior trading day, showing that investors remain sensitive to broader AI-chip swings despite the positive outlook. Lam Research (LRCX) Falls More Steeply Than Broader Market: What Investors Need to Know

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Cedar Mountain Advisors LLC lifted its stake in Lam Research by 242.9% during the first quarter. Cedar Mountain Advisors LLC now owns 120 shares of the semiconductor company’s stock worth $26,000 after purchasing an additional 85 shares during the period. Vermillion Wealth Management Inc. bought a new position in Lam Research during the first quarter worth about $26,000. PMV Capital Advisers LLC bought a new position in Lam Research during the fourth quarter worth about $25,000. Bayban bought a new position in Lam Research during the fourth quarter worth about $26,000. Finally, Mcguire Capital Advisors Inc. bought a new position in Lam Research during the fourth quarter worth about $27,000. Institutional investors own 84.61% of the company’s stock.

Lam Research Trading Up 12.7%

The stock has a market cap of $453.36 billion, a P/E ratio of 68.40, a PEG ratio of 2.71 and a beta of 1.85. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.54 and a quick ratio of 1.77. The business’s 50 day simple moving average is $280.23 and its 200 day simple moving average is $231.09.

Lam Research (NASDAQ:LRCX – Get Free Report) last announced its quarterly earnings results on Wednesday, April 22nd. The semiconductor company reported $1.47 EPS for the quarter, topping analysts’ consensus estimates of $1.36 by $0.11. The firm had revenue of $5.84 billion during the quarter, compared to analysts’ expectations of $5.70 billion. Lam Research had a net margin of 30.94% and a return on equity of 66.21%. The company’s revenue for the quarter was up 23.8% compared to the same quarter last year. During the same quarter last year, the company earned $1.04 earnings per share. Lam Research has set its Q4 2026 guidance at 1.500-1.800 EPS. On average, analysts expect that Lam Research Corporation will post 5.67 earnings per share for the current fiscal year.

Lam Research Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 8th. Shareholders of record on Wednesday, June 17th will be paid a dividend of $0.26 per share. The ex-dividend date is Wednesday, June 17th. This represents a $1.04 dividend on an annualized basis and a yield of 0.3%. Lam Research’s dividend payout ratio (DPR) is currently 19.62%.

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.