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Lam Research (NASDAQ:LRCX) Price Target Raised to $165.00 at JPMorgan Chase & Co.

Lam Research logo with Computer and Technology background

Key Points

  • JPMorgan Chase & Co. raised its price target for Lam Research from $113.00 to $165.00, indicating a potential upside of 11.70% from its previous close.
  • Lam Research's stock has been positively reviewed by several firms, with upgrades from differing analysts leading to a wide range of target prices, including some as high as $200.00.
  • The company's latest earnings report exceeded estimates, showing a quarterly revenue of $5.32 billion and an EPS of $1.26, reflecting strong growth compared to the same quarter last year.
  • Five stocks to consider instead of Lam Research.

Lam Research (NASDAQ:LRCX - Get Free Report) had its price objective raised by research analysts at JPMorgan Chase & Co. from $113.00 to $165.00 in a research note issued on Thursday,Benzinga reports. The firm currently has an "overweight" rating on the semiconductor company's stock. JPMorgan Chase & Co.'s price target would indicate a potential upside of 11.70% from the stock's previous close.

LRCX has been the subject of several other reports. Raymond James Financial upped their target price on Lam Research from $90.00 to $110.00 and gave the company an "outperform" rating in a research note on Thursday, July 31st. Oppenheimer set a $200.00 target price on Lam Research and gave the company an "outperform" rating in a research note on Thursday. TD Cowen upped their target price on Lam Research from $145.00 to $170.00 and gave the company a "buy" rating in a research note on Thursday. Susquehanna upped their target price on Lam Research from $135.00 to $200.00 and gave the company a "positive" rating in a research note on Thursday. Finally, HSBC set a $127.00 price target on Lam Research and gave the stock a "hold" rating in a research note on Tuesday, September 30th. One research analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $144.85.

View Our Latest Report on Lam Research

Lam Research Trading Up 4.6%

Lam Research stock traded up $6.47 during trading on Thursday, hitting $147.72. The company's stock had a trading volume of 6,338,953 shares, compared to its average volume of 11,898,893. The stock has a market capitalization of $186.28 billion, a price-to-earnings ratio of 35.33, a P/E/G ratio of 1.76 and a beta of 1.84. The stock's fifty day moving average is $121.38 and its 200 day moving average is $98.38. 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 quick ratio of 1.55 and a current ratio of 2.21.

Lam Research (NASDAQ:LRCX - Get Free Report) last released its earnings results on Wednesday, October 22nd. The semiconductor company reported $1.26 EPS for the quarter, beating the consensus estimate of $1.22 by $0.04. The firm had revenue of $5.32 billion during the quarter, compared to analyst estimates of $5.23 billion. Lam Research had a return on equity of 58.17% and a net margin of 29.07%.The business's quarterly revenue was up 27.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.86 earnings per share. Lam Research has set its Q2 2026 guidance at 1.050-1.250 EPS. As a group, equities research analysts predict that Lam Research will post 3.71 EPS for the current year.

Insider Activity

In other news, SVP Vahid Vahedi sold 52,190 shares of the stock in a transaction dated Monday, October 13th. The stock was sold at an average price of $138.90, for a total value of $7,249,191.00. Following the completion of the sale, the senior vice president owned 251,047 shares in the company, valued at approximately $34,870,428.30. This trade represents a 17.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.31% of the company's stock.

Institutional Investors Weigh In On Lam Research

A number of large investors have recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in shares of Lam Research by 1.1% in the second quarter. Vanguard Group Inc. now owns 130,609,265 shares of the semiconductor company's stock valued at $12,713,506,000 after buying an additional 1,457,163 shares in the last quarter. State Street Corp grew its stake in shares of Lam Research by 1.1% in the second quarter. State Street Corp now owns 59,551,547 shares of the semiconductor company's stock valued at $5,810,172,000 after buying an additional 629,666 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Lam Research by 14.4% in the second quarter. JPMorgan Chase & Co. now owns 40,622,437 shares of the semiconductor company's stock valued at $3,954,188,000 after buying an additional 5,102,589 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Lam Research by 3.5% in the second quarter. Geode Capital Management LLC now owns 33,802,736 shares of the semiconductor company's stock valued at $3,280,484,000 after purchasing an additional 1,135,405 shares during the last quarter. Finally, Norges Bank purchased a new position in Lam Research in the second quarter valued at about $1,894,585,000. Institutional investors and hedge funds own 84.61% of the company's stock.

Lam Research Company Profile

(Get Free Report)

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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Analyst Recommendations for Lam Research (NASDAQ:LRCX)

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.

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