Lam Research (NASDAQ:LRCX – Get Free Report)‘s stock had its “buy” rating reiterated by Needham & Company LLC in a note issued to investors on Thursday,Benzinga reports. They currently have a $390.00 price target on the semiconductor company’s stock. Needham & Company LLC’s price objective points to a potential upside of 54.55% from the company’s previous close.
Other equities research analysts have also recently issued research reports about the company. Seaport Research Partners began coverage on Lam Research in a research note on Monday, May 4th. They issued a “buy” rating and a $300.00 target price on the stock. Mizuho raised their price target on shares of Lam Research from $380.00 to $400.00 and gave the stock an “outperform” rating in a research note on Thursday, July 9th. UBS Group reiterated a “buy” rating and issued a $375.00 price objective (up from $310.00) on shares of Lam Research in a report on Tuesday, June 9th. Oppenheimer restated an “outperform” rating and set a $400.00 target price (up from $330.00) on shares of Lam Research in a report on Monday, June 15th. Finally, Berenberg Bank raised their target price on shares of Lam Research from $265.00 to $335.00 and gave the company a “buy” rating in a research report on Thursday, April 23rd. One investment analyst has rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $364.04.
View Our Latest Analysis on LRCX
Lam Research Stock Down 6.4%
Lam Research (NASDAQ:LRCX – Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The semiconductor company reported $1.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.69 by $0.13. The business had revenue of $6.72 billion during the quarter, compared to analyst estimates of $6.66 billion. Lam Research had a return on equity of 66.21% and a net margin of 30.94%.Lam Research’s quarterly revenue was up 30.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.33 EPS. Lam Research has set its Q1 2027 guidance at 2.000-2.300 EPS. As a group, equities analysts predict that Lam Research will post 5.68 EPS for the current year.
Insiders Place Their Bets
In other Lam Research news, Director Eric Brandt sold 54,500 shares of the stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $350.80, for a total value of $19,118,600.00. Following the completion of the sale, the director owned 199,205 shares in the company, valued at $69,881,114. This trade represents a 21.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Neil J. Fernandes sold 7,659 shares of Lam Research stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $309.60, for a total transaction of $2,371,226.40. Following the completion of the transaction, the senior vice president directly owned 58,470 shares of the company’s stock, valued at approximately $18,102,312. This trade represents a 11.58% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 98,611 shares of company stock valued at $32,250,190. 0.31% of the stock is currently owned by corporate insiders.
Hedge Funds Weigh In On Lam Research
A number of institutional investors have recently bought and sold shares of LRCX. Clarus Group Inc. bought a new position in shares of Lam Research during the 2nd quarter worth approximately $243,000. Wealth Advisory Solutions LLC bought a new stake in Lam Research in the 2nd quarter valued at $266,000. Petra Financial Advisors Inc. acquired a new stake in Lam Research during the 2nd quarter valued at $463,000. Bogart Wealth LLC lifted its holdings in Lam Research by 10.9% during the 2nd quarter. Bogart Wealth LLC now owns 1,807 shares of the semiconductor company’s stock valued at $783,000 after purchasing an additional 177 shares during the last quarter. Finally, Stonebridge Financial Group LLC MO bought a new position in Lam Research during the second quarter worth $288,000. Institutional investors and hedge funds own 84.61% of the company’s stock.
Key Lam Research News
Here are the key news stories impacting Lam Research this week:
- Positive Sentiment: Quarterly results exceeded expectations. Lam Research reported $6.72 billion in revenue for the quarter ended June 28, up 30% year over year and above the $6.66 billion consensus estimate. Non-GAAP earnings were $1.82 per share, beating expectations of $1.69 and rising from $1.33 a year earlier. Reuters article
- Positive Sentiment: Outlook was the key catalyst. Lam guided for fiscal first-quarter 2027 revenue of approximately $7.7 billion to $8.5 billion and EPS of $2.00 to $2.30. The midpoint of the revenue range is well above the roughly $7.0 billion analyst estimate, while the EPS midpoint also exceeds the $1.81 consensus. Lam Research financial results
- Positive Sentiment: AI infrastructure spending is supporting demand. Management and analysts highlighted robust orders for semiconductor manufacturing equipment as customers expand advanced-chip and memory capacity for artificial-intelligence data centers. The company’s record quarterly revenue and raised outlook suggest that AI-related capital spending is translating into near-term sales. Lam Research AI demand article
- Neutral Sentiment: Investors remain focused on execution and valuation. LRCX has strong profitability, including a reported 30.94% net margin and 66.21% return on equity, but its elevated valuation and high beta leave the stock sensitive to changes in semiconductor spending expectations.
- Negative Sentiment: China and macroeconomic risks remain overhangs. Recent concerns about China’s developing lithography capabilities, potential changes in China-related equipment demand, tighter Federal Reserve expectations, geopolitical tensions and a broader semiconductor pullback could create volatility despite the favorable earnings report. China lithography and semiconductor sentiment article
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.
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