Lam Research (NASDAQ:LRCX) Given New $365.00 Price Target at Mizuho

Key Points

• Mizuho lowered Lam Research’s price target from $370 to $365 while maintaining an “outperform” rating, implying 17.68% potential upside from the stock’s $310.17 opening price.
• Analyst sentiment remains favorable, with the stock carrying a “Moderate Buy” consensus rating and an average price target of $357.31, despite several firms recently cutting targets.
• Lam Research exceeded quarterly expectations, reporting $1.82 in EPS and $6.72 billion in revenue, with revenue up 30% year over year; however, insiders sold roughly $27.6 million of shares over the past 90 days.

Lam Research (NASDAQ:LRCX - Get Free Report) had its target price decreased by stock analysts at Mizuho from $370.00 to $365.00 in a note issued to investors on Tuesday,Benzinga reports. The firm presently has an "outperform" rating on the semiconductor company's stock. Mizuho's target price would indicate a potential upside of 17.68% from the company's current price.

Several other research analysts have also recently weighed in on the company. Morgan Stanley decreased their price target on Lam Research from $404.00 to $367.00 and set an "overweight" rating for the company in a research note on Thursday, July 30th. Cantor Fitzgerald set a $500.00 price target on shares of Lam Research and gave the company an "overweight" rating in a report on Monday, June 29th. B. Riley Financial dropped their price target on shares of Lam Research from $385.00 to $350.00 and set a "buy" rating on the stock in a report on Thursday, July 30th. Bank of America boosted their price objective on shares of Lam Research from $330.00 to $480.00 and gave the company a "buy" rating in a report on Tuesday, June 23rd. Finally, Wall Street Zen downgraded shares of Lam Research from a "buy" rating to a "hold" rating in a research report on Sunday, May 10th. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $357.31.

Lam Research Price Performance

LRCX opened at $310.17 on Tuesday. The firm has a market cap of $388.12 billion, a PE ratio of 53.85, a P/E/G ratio of 1.25 and a beta of 1.84. The stock has a 50-day moving average price of $335.90 and a 200-day moving average price of $286.99. Lam Research has a 1 year low of $94.11 and a 1 year high of $438.50. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.63 and a quick ratio of 1.91.

Lam Research (NASDAQ:LRCX - Get Free Report) last issued its earnings results on Wednesday, July 29th. The semiconductor company reported $1.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.69 by $0.13. Lam Research had a net margin of 31.27% and a return on equity of 67.60%. The business had revenue of $6.72 billion during the quarter, compared to analysts' expectations of $6.66 billion. During the same period in the previous year, the company earned $1.33 earnings per share. The business's revenue for the quarter was up 30.0% compared to the same quarter last year. Lam Research has set its Q1 2027 guidance at 2.000-2.300 EPS. Sell-side analysts predict that Lam Research will post 9.32 earnings per share for the current fiscal year.

Insider Buying and Selling at Lam Research

In other Lam Research news, Director Abhijit Y. Talwalkar sold 18,282 shares of the stock in a transaction that occurred on Monday, July 13th. The shares were sold at an average price of $335.00, for a total value of $6,124,470.00. Following the transaction, the director directly owned 87,142 shares in the company, valued at approximately $29,192,570. This trade represents a 17.34% decrease in their ownership of the stock. The transaction was disclosed in a legal 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, Director Eric Brandt sold 54,500 shares of Lam Research stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $350.80, for a total transaction of $19,118,600.00. Following the transaction, the director owned 199,205 shares in the company, valued at $69,881,114. This represents a 21.48% decrease in their position. 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 ninety days, insiders sold 80,441 shares of company stock valued at $27,614,296. Insiders own 0.31% of the company's stock.

Institutional Trading of Lam Research

Several hedge funds have recently bought and sold shares of the stock. Bayban purchased a new stake in Lam Research in the 4th quarter worth approximately $26,000. Vermillion Wealth Management Inc. bought a new position in shares of Lam Research in the first quarter worth approximately $26,000. Cedar Mountain Advisors LLC boosted its position in shares of Lam Research by 242.9% in 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. Paladin Partners LLC purchased a new stake in shares of Lam Research in the second quarter worth $26,000. Finally, Mcguire Capital Advisors Inc. purchased a new stake in shares of Lam Research in the fourth quarter worth $27,000. Institutional investors own 84.61% of the company's stock.

About Lam Research

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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