Lam Research (NASDAQ:LRCX) Price Target Raised to $135.00

Key Points

• Wells Fargo & Company raised Lam Research's price target significantly from $98.00 to $135.00, while maintaining an "equal weight" rating on the stock.
• Other analysts have also shown optimism, with Cantor Fitzgerald increasing its target to $155.00 and adding an "overweight" rating, while Citigroup set a target of $120.00.
• Lam Research demonstrated strong financial performance by beating quarterly earnings expectations, reporting a 33.6% year-over-year revenue increase and an EPS of $1.33.

Lam Research (NASDAQ:LRCX - Get Free Report) had its price target raised by stock analysts at Wells Fargo & Company from $98.00 to $135.00 in a research note issued on Thursday,MarketScreener reports. The brokerage currently has an "equal weight" rating on the semiconductor company's stock. Wells Fargo & Company's target price would indicate a potential downside of 7.38% from the company's previous close.

A number of other research firms also recently commented on LRCX. Cantor Fitzgerald raised their target price on Lam Research from $120.00 to $155.00 and gave the company an "overweight" rating in a report on Wednesday. Hsbc Global Res upgraded Lam Research to a "hold" rating in a report on Tuesday. Citigroup boosted their target price on Lam Research from $113.00 to $120.00 and gave the stock a "buy" rating in a research report on Monday, September 8th. Raymond James Financial lifted their price objective on Lam Research from $90.00 to $110.00 and gave the stock an "outperform" rating in a research report on Thursday, July 31st. Finally, UBS Group raised their price target on shares of Lam Research from $95.00 to $120.00 and gave the company a "buy" rating in a report on Monday, July 21st. Twenty-two equities research analysts have rated the stock with a Buy rating and eight 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 $119.20.

Lam Research Stock Performance

Shares of LRCX opened at $145.76 on Thursday. The company's 50 day simple moving average is $108.51 and its 200-day simple moving average is $91.33. Lam Research has a 12-month low of $56.32 and a 12-month high of $145.34. 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 firm has a market cap of $183.80 billion, a PE ratio of 35.09, a price-to-earnings-growth ratio of 1.63 and a beta of 1.83.

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

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Empowered Funds LLC grew its position in Lam Research by 10.5% in the first quarter. Empowered Funds LLC now owns 187,472 shares of the semiconductor company's stock worth $13,629,000 after buying an additional 17,833 shares during the last quarter. Pinnacle Financial Partners Inc purchased a new stake in shares of Lam Research in the 1st quarter valued at approximately $201,000. Cookson Peirce & Co. Inc. acquired a new stake in Lam Research during the 1st quarter valued at $607,000. China Universal Asset Management Co. Ltd. lifted its holdings 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 purchasing an additional 10,565 shares in the last quarter. Finally, First Citizens Bank & Trust Co. grew its holdings in shares of Lam Research by 47.8% during the first quarter. First Citizens Bank & Trust Co. now owns 121,902 shares of the semiconductor company's stock valued at $8,862,000 after buying an additional 39,414 shares in the last quarter. Institutional investors and hedge funds 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.

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