Lam Research (NASDAQ:LRCX) Price Target Raised to $293.00

Key Points

• Morgan Stanley raised its price target on Lam Research to $293 (from $260) with an "equal weight" rating, while multiple other firms also lifted targets—MarketBeat's consensus target is $283.65 with 26 Buys and 8 Holds (average "Moderate Buy").
• Lam beat Q3 estimates with $1.47 EPS and $5.84B revenue and issued Q4 guidance of $1.50–$1.80 EPS, citing strong, AI-driven wafer fab equipment demand supporting near-term revenue and margin expansion.
• Despite the upbeat outlook, valuation and insider activity are notable: the stock trades near its 52-week high with a PE of ~48.8, insiders sold about 130,886 shares (~$29.7M) in the last 90 days, and some analysts warn the run-up may limit near-term upside.

Lam Research (NASDAQ:LRCX - Get Free Report) had its price target upped by stock analysts at Morgan Stanley from $260.00 to $293.00 in a report issued on Thursday,MarketScreener reports. The brokerage presently has an "equal weight" rating on the semiconductor company's stock. Morgan Stanley's price objective would indicate a potential upside of 9.67% from the stock's current price.

A number of other analysts have also weighed in on the stock. BNP Paribas Exane increased their price objective on shares of Lam Research from $250.00 to $260.00 and gave the stock a "neutral" rating in a research note on Thursday. Zacks Research downgraded shares of Lam Research from a "strong-buy" rating to a "hold" rating in a research report on Monday, April 6th. Jefferies Financial Group upped their price target on shares of Lam Research from $285.00 to $315.00 and gave the company a "buy" rating in a report on Thursday. Needham & Company LLC reiterated a "buy" rating and set a $300.00 price objective on shares of Lam Research in a research note on Thursday. Finally, Rothschild & Co Redburn boosted their price objective on Lam Research from $225.00 to $265.00 and gave the company a "buy" rating in a report on Friday, February 6th. Twenty-six analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $283.65.

Lam Research Price Performance

Shares of LRCX opened at $267.16 on Thursday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.61 and a current ratio of 2.26. The company has a 50 day moving average price of $234.34 and a 200-day moving average price of $197.02. The stock has a market capitalization of $333.62 billion, a PE ratio of 48.78, a PEG ratio of 2.83 and a beta of 1.78. Lam Research has a fifty-two week low of $67.55 and a fifty-two week high of $273.50.

Lam Research (NASDAQ:LRCX - Get Free Report) last announced its quarterly earnings data on Wednesday, April 22nd. The semiconductor company reported $1.47 earnings per share for the quarter, beating analysts' consensus estimates of $1.36 by $0.11. Lam Research had a return on equity of 67.07% and a net margin of 30.94%.The business had revenue of $5.84 billion for the quarter, compared to analyst estimates of $5.70 billion. During the same period in the prior year, the company earned $1.04 earnings per share. The company's revenue was up 23.8% on a year-over-year basis. Lam Research has set its Q4 2026 guidance at 1.500-1.800 EPS. Equities analysts predict that Lam Research will post 5.29 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CFO Douglas R. Bettinger sold 50,057 shares of the firm's stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $224.03, for a total value of $11,214,269.71. Following the transaction, the chief financial officer directly owned 1,081,705 shares of the company's stock, valued at approximately $242,334,371.15. This trade represents a 4.42% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Eric Brandt sold 35,000 shares of Lam Research stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $225.60, for a total value of $7,896,000.00. Following the completion of the sale, the director directly owned 253,705 shares in the company, valued at $57,235,848. This represents a 12.12% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 130,886 shares of company stock worth $29,658,802 in the last 90 days. Insiders own 0.31% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Lingohr Asset Management GmbH lifted its position in Lam Research by 590.7% in the third quarter. Lingohr Asset Management GmbH now owns 59,555 shares of the semiconductor company's stock valued at $7,974,000 after buying an additional 50,933 shares during the last quarter. Mediolanum International Funds Ltd increased its position in shares of Lam Research by 52.0% during the third quarter. Mediolanum International Funds Ltd now owns 262,544 shares of the semiconductor company's stock valued at $34,417,000 after acquiring an additional 89,856 shares during the last quarter. First Citizens Bank & Trust Co. raised its stake in shares of Lam Research by 8.0% in the 3rd quarter. First Citizens Bank & Trust Co. now owns 140,433 shares of the semiconductor company's stock valued at $18,804,000 after acquiring an additional 10,408 shares during the period. Thoroughbred Financial Services LLC raised its stake in shares of Lam Research by 115.2% in the 3rd quarter. Thoroughbred Financial Services LLC now owns 22,198 shares of the semiconductor company's stock valued at $2,972,000 after acquiring an additional 11,883 shares during the period. Finally, Oregon Public Employees Retirement Fund lifted its holdings in shares of Lam Research by 30.9% in the 3rd quarter. Oregon Public Employees Retirement Fund now owns 144,656 shares of the semiconductor company's stock worth $19,369,000 after acquiring an additional 34,147 shares during the last quarter. 84.61% of the stock is currently owned by institutional investors and hedge funds.

More Lam Research News

Here are the key news stories impacting Lam Research this week:

• Positive Sentiment: Q3 results beat and management raised Q4 guidance — Lam posted $1.47 EPS on $5.84B revenue (beats) and issued Q4 EPS guidance of $1.50–1.80 with revenue guidance above consensus; the print and outlook underpin the rally. Press Release / Slide Deck
• Positive Sentiment: AI demand driving revenue and margin expansion — Company commentary and analyst notes point to record support sales and strong AI-driven wafer fab equipment demand boosting near-term revenues and margins. Yahoo: Sales surprise & AI demand
• Positive Sentiment: Broad analyst upgrades and big price-target hikes — Multiple firms (TD Cowen, Berenberg, Susquehanna, Jefferies, Mizuho, Bank of America, Wells Fargo, etc.) raised targets and reiterated Buy/Outperform ratings, signaling higher consensus expectations for multi-year WFE (wafer fab equipment) demand. InsiderMonkey: Analyst raises roundup
• Positive Sentiment: JPMorgan and other flagship calls highlight a sustained supercycle — JPMorgan raised its target to $315 and argues the report resets the multi-year WFE framework, supporting further upside. 247WallSt: JPMorgan $315 target
• Neutral Sentiment: Market coverage and earnings-call transcripts available for deeper due diligence — Investors can review the call transcript and slide deck to assess demand sustainability, book-to-bill, and inventory commentary. Seeking Alpha: Earnings transcript
• Neutral Sentiment: Coverage asking if the rally leaves little upside — Several articles question valuation after a large one‑year run and suggest investors weigh future growth vs. rich multiples. Yahoo: Is it too late after 300% surge?
• Negative Sentiment: Valuation concerns flagged by some analysts/commentators — Commentary warns the AI upcycle is real but that the stock's steep run-up makes it expensive relative to forward multiples, which could cap near-term gains if growth slows. Seeking Alpha: Valuation critique
• Neutral Sentiment: Short-term news flow: trading headlines and summaries — Markets reported the stock trading up after the beat; daily moves will likely track further flow of orders, analyst reactions and any update to supply-chain or backlog commentary. AmericanBankingNews: Trading headlines

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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