Lam Research (NASDAQ:LRCX) Price Target Raised to $260.00 at Morgan Stanley

Key Points

• Morgan Stanley raised its price target on Lam Research to $260 (from $254) while keeping an "equal weight" rating, implying roughly a 19% upside from the prior close.
• Several other firms have also lifted targets—Deutsche Bank to $290, Rothschild & Co Redburn and Mizuho to $265—leaving a consensus rating of "Moderate Buy" with an average price target of $245.54.
• Lam Research beat Q results ($1.27 EPS vs. $1.17 est.; $5.34B revenue vs. $5.23B) and issued Q3 2026 guidance of $1.25–1.45 EPS, while the stock trades near $218 with a market cap of about $272.8B.

Lam Research (NASDAQ:LRCX - Get Free Report) had its price target increased by stock analysts at Morgan Stanley from $254.00 to $260.00 in a research note issued on Monday,MarketScreener reports. The firm presently has an "equal weight" rating on the semiconductor company's stock. Morgan Stanley's price objective points to a potential upside of 19.03% from the stock's previous close.

Several other equities research analysts have also commented on the company. HSBC boosted their price target on Lam Research from $181.00 to $221.00 and gave the stock a "hold" rating in a research note on Friday, January 30th. B. Riley Financial reaffirmed a "buy" rating on shares of Lam Research in a report on Thursday, January 15th. Rothschild & Co Redburn upped their target price on Lam Research from $225.00 to $265.00 and gave the company a "buy" rating in a report on Friday, February 6th. Mizuho set a $265.00 price target on Lam Research in a research report on Wednesday, January 28th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on Lam Research from $260.00 to $290.00 and gave the stock a "buy" rating in a research note on Thursday, January 29th. One analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $245.54.

Lam Research Price Performance

Lam Research stock opened at $218.44 on Monday. The stock's 50 day moving average price is $227.02 and its 200 day moving average price is $185.77. The company has a market cap of $272.78 billion, a PE ratio of 44.76, a price-to-earnings-growth ratio of 2.35 and a beta of 1.78. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.26 and a quick ratio of 1.61. Lam Research has a 1-year low of $56.32 and a 1-year high of $256.68.

Lam Research (NASDAQ:LRCX - Get Free Report) last released its earnings results on Wednesday, January 28th. The semiconductor company reported $1.27 EPS for the quarter, beating analysts' consensus estimates of $1.17 by $0.10. The company had revenue of $5.34 billion during the quarter, compared to the consensus estimate of $5.23 billion. Lam Research had a return on equity of 62.81% and a net margin of 30.22%.Lam Research's quarterly revenue was up 22.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.91 earnings per share. Lam Research has set its Q3 2026 guidance at 1.250-1.450 EPS. On average, sell-side analysts predict that Lam Research will post 3.71 EPS for the current fiscal year.

Insider Activity

In related news, insider Ava Harter sold 4,000 shares of the company's stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $232.50, for a total transaction of $930,000.00. Following the transaction, the insider owned 54,705 shares of the company's stock, valued at approximately $12,718,912.50. This represents a 6.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Eric Brandt sold 35,000 shares of the firm's stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $225.60, for a total transaction of $7,896,000.00. Following the sale, the director owned 253,705 shares in the company, valued at approximately $57,235,848. This trade represents a 12.12% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 130,886 shares of company stock valued at $29,658,802 over the last 90 days. Insiders own 0.31% of the company's stock.

Hedge Funds Weigh In On Lam Research

Institutional investors have recently added to or reduced their stakes in the business. Triumph Capital Management raised its position in shares of Lam Research by 22.5% in the 4th quarter. Triumph Capital Management now owns 245 shares of the semiconductor company's stock worth $42,000 after buying an additional 45 shares during the period. Traphagen Investment Advisors LLC lifted its stake in shares of Lam Research by 2.4% in the 4th quarter. Traphagen Investment Advisors LLC now owns 1,963 shares of the semiconductor company's stock valued at $336,000 after purchasing an additional 46 shares in the last quarter. Bank of Jackson Hole Trust grew its holdings in shares of Lam Research by 12.6% during the 4th quarter. Bank of Jackson Hole Trust now owns 428 shares of the semiconductor company's stock worth $73,000 after purchasing an additional 48 shares during the period. Field & Main Bank increased its position in Lam Research by 1.1% during the 4th quarter. Field & Main Bank now owns 4,615 shares of the semiconductor company's stock worth $790,000 after purchasing an additional 50 shares in the last quarter. Finally, Capital Advisors Ltd. LLC raised its holdings in Lam Research by 1.1% in the fourth quarter. Capital Advisors Ltd. LLC now owns 4,646 shares of the semiconductor company's stock valued at $795,000 after buying an additional 51 shares during the period. 84.61% of the stock is currently owned by institutional investors and hedge funds.

Lam Research Company Profile

Lam Research Corporation NASDAQ: LRCX is a global supplier of wafer fabrication equipment and services to the semiconductor industry. Founded in 1980 by David K. Lam and headquartered in Fremont, California, the company develops and manufactures systems used in multiple stages of semiconductor device production, including thin film deposition, plasma etch, wafer cleaning and related process modules and automation.

Lam's product portfolio covers core process technologies employed by logic and memory manufacturers, with equipment designed to support advanced-node patterning, 3D NAND and other emerging device architectures.

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