Evercore ISI Boosts Lam Research (NASDAQ:LRCX) Price Target to $170.00

Key Points

• Evercore ISI raised its price target for Lam Research from $115.00 to $170.00, indicating a potential upside of 13.57% from the stock's previous close.
• The company reported $1.26 EPS for the last quarter, surpassing estimates and showing a 27.7% increase in revenue year-over-year.
• A total of 26 analysts rated Lam Research as a Buy, reflecting positive sentiment among research analysts towards the semiconductor company's stock.

Lam Research (NASDAQ:LRCX - Get Free Report) had its target price raised by stock analysts at Evercore ISI from $115.00 to $170.00 in a report issued on Thursday,MarketScreener reports. The brokerage currently has an "outperform" rating on the semiconductor company's stock. Evercore ISI's target price indicates a potential upside of 13.57% from the stock's previous close.

A number of other research analysts also recently issued reports on the stock. Rothschild & Co Redburn boosted their target price on shares of Lam Research from $140.00 to $150.00 and gave the company a "buy" rating in a research report on Tuesday, October 14th. The Goldman Sachs Group upped their target price on Lam Research from $115.00 to $160.00 and gave the stock a "buy" rating in a research note on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft upgraded Lam Research from a "hold" rating to a "buy" rating and upped their target price for the stock from $100.00 to $150.00 in a research note on Monday, September 29th. Oppenheimer set a $200.00 target price on Lam Research and gave the stock an "outperform" rating in a research note on Thursday. Finally, Mizuho upped their target price on Lam Research from $162.00 to $170.00 and gave the stock an "outperform" rating in a research note on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and eight have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $147.21.

Lam Research Trading Up 1.5%

NASDAQ:LRCX opened at $149.69 on Thursday. Lam Research has a 12 month low of $56.32 and a 12 month high of $153.70. The firm has a fifty day simple moving average of $122.19 and a 200-day simple moving average of $98.97. The company has a current ratio of 2.21, a quick ratio of 1.55 and a debt-to-equity ratio of 0.38. The company has a market capitalization of $188.76 billion, a P/E ratio of 33.09, a PEG ratio of 1.71 and a beta of 1.84.

Lam Research (NASDAQ:LRCX - Get Free Report) last posted its quarterly earnings data on Wednesday, October 22nd. The semiconductor company reported $1.26 EPS for the quarter, topping the consensus estimate of $1.22 by $0.04. Lam Research had a net margin of 29.66% and a return on equity of 61.89%. The business had revenue of $5.32 billion during the quarter, compared to the consensus estimate of $5.23 billion. During the same period in the previous year, the firm posted $0.86 earnings per share. The business's revenue for the quarter was up 27.7% compared to the same quarter last year. Lam Research has set its Q2 2026 guidance at 1.050-1.250 EPS. On average, equities research analysts anticipate that Lam Research will post 3.71 earnings per share for the current year.

Insider Buying and Selling at Lam Research

In related news, SVP Vahid Vahedi sold 52,190 shares of the stock in a transaction that occurred on Monday, October 13th. The shares were sold at an average price of $138.90, for a total transaction of $7,249,191.00. Following the completion of the transaction, the senior vice president owned 251,047 shares of the company's stock, valued at approximately $34,870,428.30. This trade represents a 17.21% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.31% of the company's stock.

Institutional Investors Weigh In On Lam Research

Hedge funds have recently added to or reduced their stakes in the business. Empowered Funds LLC raised its holdings in shares of Lam Research by 10.5% in the 1st quarter. Empowered Funds LLC now owns 187,472 shares of the semiconductor company's stock valued at $13,629,000 after purchasing an additional 17,833 shares in the last quarter. Pinnacle Financial Partners Inc purchased a new stake in Lam Research during the first quarter worth about $201,000. Cookson Peirce & Co. Inc. acquired a new position in shares of Lam Research in the first quarter valued at approximately $607,000. China Universal Asset Management Co. Ltd. raised its position in shares of Lam Research by 27.1% in the first quarter. China Universal Asset Management Co. Ltd. now owns 49,505 shares of the semiconductor company's stock valued at $3,607,000 after buying an additional 10,565 shares during the last quarter. Finally, Glass Wealth Management Co LLC raised its position in shares of Lam Research by 8.5% in the second quarter. Glass Wealth Management Co LLC now owns 28,870 shares of the semiconductor company's stock valued at $2,810,000 after buying an additional 2,270 shares during the last quarter. 84.61% of the stock is currently owned by institutional investors and hedge funds.

About Lam Research

Lam Research Corporation designs, manufactures, markets, refurbishes, and services semiconductor processing equipment used in the fabrication of integrated circuits. The company offers ALTUS systems to deposit conformal films for tungsten metallization applications; SABRE electrochemical deposition products for copper interconnect transition that offers copper damascene manufacturing; SOLA ultraviolet thermal processing products for film treatments; and VECTOR plasma-enhanced CVD ALD products.

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