BNP Paribas Exane Increases Lam Research (NASDAQ:LRCX) Price Target to $260.00

Key Points

• BNP Paribas Exane raised its price target for Lam Research to $260 (from $250) while keeping a "neutral" rating, with that target implying roughly a 1.81% downside from the prior close.
• Overall analyst sentiment is constructive — Lam's average target is $272.73 with 27 Buys vs. 8 Holds — backed by a recent earnings beat (Q3 EPS $1.47 vs. $1.36) and raised Q4 guidance amid strong AI-driven demand.

Lam Research (NASDAQ:LRCX - Get Free Report) had its price target increased by research analysts at BNP Paribas Exane from $250.00 to $260.00 in a report issued on Thursday,MarketScreener reports. The brokerage currently has a "neutral" rating on the semiconductor company's stock. BNP Paribas Exane's target price points to a potential downside of 1.81% from the company's previous close.

Other analysts have also recently issued research reports about the company. Mizuho set a $265.00 target price on Lam Research in a research report on Wednesday, January 28th. HSBC raised their price target on Lam Research from $181.00 to $221.00 and gave the stock a "hold" rating in a research note on Friday, January 30th. Citic Securities boosted their price objective on Lam Research from $165.00 to $275.00 and gave the company a "buy" rating in a research note on Friday, January 30th. Royal Bank Of Canada lifted their target price on shares of Lam Research from $290.00 to $310.00 and gave the company an "outperform" rating in a report on Thursday. Finally, Sanford C. Bernstein increased their price target on shares of Lam Research from $285.00 to $325.00 and gave the stock an "outperform" rating in a research note on Thursday. Twenty-seven equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat, Lam Research currently has an average rating of "Moderate Buy" and an average target price of $272.73.

Lam Research Stock Down 0.3%

LRCX stock opened at $264.79 on Thursday. The stock has a market cap of $330.67 billion, a P/E ratio of 54.26, a PEG ratio of 2.75 and a beta of 1.78. The company has a current ratio of 2.26, a quick ratio of 1.61 and a debt-to-equity ratio of 0.37. Lam Research has a twelve month low of $67.55 and a twelve month high of $273.50. The company's 50 day moving average is $233.80 and its two-hundred day moving average is $196.58.

Lam Research (NASDAQ:LRCX - Get Free Report) last posted its earnings results on Wednesday, April 22nd. The semiconductor company reported $1.47 EPS for the quarter, beating analysts' consensus estimates of $1.36 by $0.11. Lam Research had a net margin of 30.22% and a return on equity of 62.81%. The firm had revenue of $5.84 billion for the quarter, compared to the consensus estimate of $5.70 billion. During the same period last year, the firm posted $1.04 EPS. The company's revenue was up 23.8% on a year-over-year basis. Lam Research has set its Q4 2026 guidance at 1.500-1.800 EPS. Research analysts expect that Lam Research will post 5.3 earnings per share for the current fiscal year.

Insider Activity at Lam Research

In other Lam Research news, insider Ava Harter sold 1,500 shares of the business's stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $222.66, for a total transaction of $333,990.00. Following the sale, the insider directly owned 53,205 shares in the company, valued at approximately $11,846,625.30. The trade was a 2.74% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Douglas R. Bettinger sold 50,057 shares of the stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $224.03, for a total transaction of $11,214,269.71. Following the completion of the transaction, the chief financial officer owned 1,081,705 shares of the company's stock, valued at $242,334,371.15. This represents a 4.42% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 130,886 shares of company stock worth $29,658,802 over the last three months. 0.31% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Lam Research

Several institutional investors have recently modified their holdings of the company. Norges Bank purchased a new position in Lam Research in the 4th quarter valued at approximately $3,645,427,000. Price T Rowe Associates Inc. MD grew its holdings in Lam Research by 352.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 13,695,210 shares of the semiconductor company's stock valued at $2,344,347,000 after purchasing an additional 10,666,540 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its position in shares of Lam Research by 781.3% in the third quarter. Arrowstreet Capital Limited Partnership now owns 11,340,865 shares of the semiconductor company's stock valued at $1,518,542,000 after buying an additional 10,053,978 shares in the last quarter. Franklin Resources Inc. raised its stake in shares of Lam Research by 57.0% during the 4th quarter. Franklin Resources Inc. now owns 10,110,560 shares of the semiconductor company's stock worth $1,730,724,000 after buying an additional 3,671,073 shares during the last quarter. Finally, Corient Private Wealth LLC boosted its position in shares of Lam Research by 235.5% in the 4th quarter. Corient Private Wealth LLC now owns 5,199,441 shares of the semiconductor company's stock worth $890,040,000 after buying an additional 3,649,553 shares in the last quarter. Hedge funds and other institutional investors own 84.61% of the company's stock.

Lam Research News Summary

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

• Positive Sentiment: Lam reported fiscal Q3 results above estimates — $1.47 non-GAAP EPS vs. $1.36 consensus and $5.84B revenue (up 23.8% YoY). The release highlights record revenue and improved margins that underpinned the rally. PR Newswire
• Positive Sentiment: Management raised FYQ4 guidance: EPS $1.50–1.80 and revenue guidance midpoint (~$6.6B) came in above street expectations, signaling continued WFE strength. That upside to guidance is a primary driver of the rally. MarketBeat — Earnings
• Positive Sentiment: AI-driven chip demand is cited repeatedly as the demand engine — analysts and press note expanding spending on AI logic and memory fabs is lifting orders and margins for Lam’s etch/dep tools. Globe and Mail — Deep Dive
• Positive Sentiment: Wall Street raised targets and reiterated buys after the beat — examples include Needham ($300), BofA ($330) and TD Cowen ($340) — adding momentum as analysts push valuation higher. TipRanks — Ratings
• Neutral Sentiment: The company’s earnings call transcript and slide deck are available for investors digging into product-level demand, backlog and capex cadence. Seeking Alpha — Call Transcript
• Neutral Sentiment: Lam is named as a supplier for large-scale projects (e.g., Tesla Terafab), which supports long-duration revenue potential but requires execution and timelines to play out. Barchart — Terafab
• Negative Sentiment: Some commentators warn LRCX faces an earnings “test” after a sharp pre-report rally; elevated valuation metrics (P/E >50) mean expectations are high and leave limited room for disappointment. Seeking Alpha — Caution

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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