Lam Research (NASDAQ:LRCX) Earns Buy (B-) Rating from Weiss Ratings

Key Points

• Lam Research's stock has been reaffirmed a "buy (B-)" rating by Weiss Ratings, amidst varying reports from other analysts including a $120.00 price target from Oppenheimer.
• The company's recent quarterly earnings exceeded estimates, reporting $1.33 EPS and $5.17 billion in revenue, marking a 33.6% year-over-year increase.
• Institutional investors hold 84.61% of Lam Research's stock, with significant stakes purchased by entities such as Norges Bank and Vanguard Group, indicating strong institutional confidence.

Lam Research (NASDAQ:LRCX - Get Free Report)'s stock had its "buy (b-)" rating reaffirmed by research analysts at Weiss Ratings in a research report issued on Wednesday,Weiss Ratings reports.

LRCX has been the subject of several other reports. Barclays set a $83.00 price target on Lam Research and gave the stock an "equal weight" rating in a research note on Monday, July 28th. Oppenheimer increased their target price on Lam Research from $110.00 to $120.00 and gave the company an "outperform" rating in a research report on Thursday, July 31st. Summit Insights downgraded Lam Research from a "buy" rating to a "hold" rating in a research report on Thursday, July 31st. Rothschild & Co Redburn increased their target price on Lam Research from $115.00 to $140.00 and gave the company a "buy" rating in a research report on Wednesday, October 1st. Finally, Hsbc Global Res upgraded Lam Research to a "hold" rating in a research report on Tuesday, September 30th. Twenty-three investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $121.00.

Lam Research Trading Up 1.6%

LRCX stock opened at $142.54 on Wednesday. Lam Research has a 1-year low of $56.32 and a 1-year high of $153.70. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.21 and a quick ratio of 1.55. The company has a market capitalization of $179.75 billion, a price-to-earnings ratio of 34.26, a PEG ratio of 1.71 and a beta of 1.84. The business has a 50 day simple moving average of $113.18 and a two-hundred day simple moving average of $93.66.

Lam Research (NASDAQ:LRCX - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The semiconductor company reported $1.33 earnings per share for the quarter, topping the consensus estimate of $1.21 by $0.12. Lam Research had a return on equity of 58.17% and a net margin of 29.07%.The business had revenue of $5.17 billion during the quarter, compared to the consensus estimate of $4.99 billion. During the same period in the prior year, the company posted $1.03 EPS. The firm's revenue for the quarter was up 33.6% compared to the same quarter last year. Lam Research has set its Q1 2026 guidance at 1.100-1.300 EPS. Research analysts anticipate that Lam Research will post 3.71 EPS for the current fiscal year.

Institutional Trading of Lam Research

A number of hedge funds and other institutional investors have recently bought and sold shares of LRCX. Norges Bank purchased a new stake in Lam Research in the second quarter worth $1,894,585,000. Vanguard Group Inc. increased its stake in Lam Research by 6.9% in the first quarter. Vanguard Group Inc. now owns 129,152,102 shares of the semiconductor company's stock worth $9,389,358,000 after purchasing an additional 8,364,375 shares during the period. Nuveen LLC purchased a new stake in Lam Research in the first quarter worth $604,344,000. JPMorgan Chase & Co. increased its stake in Lam Research by 14.4% in the second quarter. JPMorgan Chase & Co. now owns 40,622,437 shares of the semiconductor company's stock worth $3,954,188,000 after purchasing an additional 5,102,589 shares during the period. Finally, Price T Rowe Associates Inc. MD increased its stake in Lam Research by 99.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 5,739,221 shares of the semiconductor company's stock worth $417,242,000 after purchasing an additional 2,864,863 shares during the period. Hedge funds and other institutional investors own 84.61% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.