Lam Research (NASDAQ:LRCX) Price Target Raised to $200.00

Key Points

• Susquehanna raised Lam Research's price target from $135.00 to $200.00, indicating a potential upside of 43.71% from the current price.
• In the latest earnings report, Lam Research exceeded expectations with $1.26 earnings per share and reported a 27.7% increase in revenue year-over-year.
• Analysts have generally rated Lam Research positively, with one Strong Buy, twenty-five Buy, and eight Hold ratings, alongside an average price target of $143.69.

Lam Research (NASDAQ:LRCX - Get Free Report) had its target price hoisted by stock analysts at Susquehanna from $135.00 to $200.00 in a research note issued to investors on Thursday,MarketScreener reports. The brokerage presently has a "positive" rating on the semiconductor company's stock. Susquehanna's target price suggests a potential upside of 43.71% from the stock's current price.

A number of other research firms have also weighed in on LRCX. Needham & Company LLC upped their price objective on shares of Lam Research from $150.00 to $160.00 and gave the stock a "buy" rating in a research note on Thursday. UBS Group set a $165.00 price target on Lam Research and gave the company a "buy" rating in a report on Thursday. Argus lifted their target price on Lam Research from $105.00 to $120.00 and gave the company a "buy" rating in a research note on Friday, August 1st. Summit Insights lowered shares of Lam Research from a "buy" rating to a "hold" rating in a research note on Thursday, July 31st. Finally, Citigroup raised their price objective on Lam Research from $120.00 to $175.00 and gave the stock a "buy" rating in a research report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and eight have given a Hold rating to the company. According to MarketBeat, Lam Research currently has an average rating of "Moderate Buy" and an average target price of $143.69.

Lam Research Stock Down 1.5%

NASDAQ:LRCX opened at $139.17 on Thursday. 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 cap of $175.50 billion, a price-to-earnings ratio of 33.54, a price-to-earnings-growth ratio of 1.76 and a beta of 1.84. The stock has a fifty day simple moving average of $121.38 and a 200-day simple moving average of $98.38. Lam Research has a twelve month low of $56.32 and a twelve month high of $153.70.

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

Insiders Place Their Bets

In related news, SVP Vahid Vahedi sold 52,190 shares of Lam Research 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 transaction, the senior vice president owned 251,047 shares in the company, valued at $34,870,428.30. The trade was a 17.21% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.31% of the company's stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Empowered Funds LLC lifted its holdings in Lam Research by 10.5% during the first 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 acquired a new stake in Lam Research in the 1st quarter worth about $201,000. Cookson Peirce & Co. Inc. purchased a new stake in Lam Research during the 1st quarter worth approximately $607,000. China Universal Asset Management Co. Ltd. lifted 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 acquiring an additional 10,565 shares in the last quarter. Finally, Glass Wealth Management Co LLC increased its position in shares of Lam Research by 8.5% during the second quarter. Glass Wealth Management Co LLC now owns 28,870 shares of the semiconductor company's stock worth $2,810,000 after purchasing an additional 2,270 shares in the last quarter. Hedge funds and other institutional investors own 84.61% of the company's stock.

Lam Research Company Profile

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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