B. Riley Financial Issues Positive Forecast for Lam Research (NASDAQ:LRCX) Stock Price

Key Points

• B. Riley Financial raised its price target for Lam Research from $350 to $390 and maintained a “buy” rating, implying 18.72% upside from the previous close.
• Analysts remain broadly positive, with Lam Research receiving a “Moderate Buy” consensus rating and an average price target of $363.14 from 32 analysts.
• Lam Research recently exceeded quarterly expectations, reporting $1.82 in EPS and $6.72 billion in revenue, while revenue grew 30% year over year; insiders have nevertheless sold more than $10.6 million in stock over the past 90 days.

Lam Research (NASDAQ:LRCX - Get Free Report) had its price objective boosted by B. Riley Financial from $350.00 to $390.00 in a report released on Thursday, Benzinga reports. The firm currently has a "buy" rating on the semiconductor company's stock. B. Riley Financial's price objective indicates a potential upside of 18.72% from the stock's previous close.

Several other equities analysts have also recently issued reports on the company. UBS Group decreased their price objective on Lam Research from $435.00 to $425.00 and set a "buy" rating for the company in a report on Tuesday, September 1st. Berenberg Bank set a $420.00 target price on Lam Research in a report on Wednesday, September 9th. HSBC restated a "hold" rating and issued a $333.00 price objective on shares of Lam Research in a research report on Monday, July 27th. Evercore reaffirmed an "outperform" rating and set a $355.00 price objective on shares of Lam Research in a research note on Monday, July 20th. Finally, Oppenheimer reaffirmed 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. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, Lam Research currently has an average rating of "Moderate Buy" and an average price target of $363.14.

Lam Research Stock Up 1.4%

NASDAQ:LRCX opened at $328.51 on Thursday. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.63 and a quick ratio of 1.91. The company's fifty day moving average price is $304.85 and its 200-day moving average price is $301.04. Lam Research has a 1-year low of $131.02 and a 1-year high of $438.50. The firm has a market capitalization of $411.10 billion, a P/E ratio of 57.03, a PEG ratio of 1.28 and a beta of 1.85.

Lam Research (NASDAQ:LRCX - Get Free Report) last posted its earnings results on Wednesday, July 29th. The semiconductor company reported $1.82 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.69 by $0.13. Lam Research had a net margin of 31.27% and a return on equity of 67.60%. The company had revenue of $6.72 billion during the quarter, compared to the consensus estimate of $6.66 billion. During the same period in the previous year, the firm posted $1.33 earnings per share. The firm's quarterly revenue was up 30.0% on a year-over-year basis. Lam Research has set its Q1 2027 guidance at 2.000-2.300 EPS. As a group, equities research analysts anticipate that Lam Research will post 9.32 EPS for the current year.

Insiders Place Their Bets

In other Lam Research news, Director Bethany Mayer sold 9,557 shares of the stock in a transaction on Wednesday, September 9th. The shares were sold at an average price of $314.74, for a total transaction of $3,007,970.18. Following the transaction, the director directly owned 20,995 shares of the company's stock, valued at $6,607,966.30. This trade represents a 31.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Ava Harter sold 5,000 shares of Lam Research stock in a transaction dated Monday, August 31st. The shares were sold at an average price of $302.46, for a total transaction of $1,512,300.00. Following the completion of the sale, the insider owned 42,462 shares in the company, valued at approximately $12,843,056.52. This trade represents a 10.53% 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 ninety days, insiders sold 32,839 shares of company stock worth $10,644,740. Company insiders own 0.31% of the company's stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Bayban purchased a new position in shares of Lam Research in the fourth quarter worth about $26,000. Vermillion Wealth Management Inc. purchased a new position in Lam Research during the first quarter worth about $26,000. Cedar Mountain Advisors LLC boosted its holdings in Lam Research by 242.9% in the 1st quarter. Cedar Mountain Advisors LLC now owns 120 shares of the semiconductor company's stock valued at $26,000 after purchasing an additional 85 shares during the last quarter. Paladin Partners LLC purchased a new stake in shares of Lam Research in the 2nd quarter valued at approximately $26,000. Finally, University of Illinois Foundation purchased a new stake in shares of Lam Research during the 4th quarter valued at approximately $30,000. 84.61% of the stock is owned by institutional investors and hedge funds.

About Lam Research

Lam Research Corporation is a semiconductor equipment company that designs, manufactures, and services systems used in the fabrication of integrated circuits and other electronic devices. Its equipment supports key steps in the wafer manufacturing process, helping semiconductor producers create increasingly small and complex features on silicon wafers.

The company's portfolio includes systems for etch, deposition, wafer cleaning, surface preparation, and related manufacturing processes.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.