Lam Research (NASDAQ:LRCX) Stock Price Expected to Rise, Cantor Fitzgerald Analyst Says

Key Points

• Cantor Fitzgerald has raised its price target for Lam Research stock from $120.00 to $155.00, indicating a potential upside of 15.76% from its previous close.
• Multiple analysts have expressed positive sentiment, with 22 issuing a "Buy" rating and an average target price of $117.72 for the stock.
• Lam Research reported strong quarterly earnings of $1.33 EPS, beating estimates and showing a revenue increase of 33.6% year-over-year, driven by a revenue of $5.17 billion.

Lam Research (NASDAQ:LRCX - Get Free Report) had its price target increased by Cantor Fitzgerald from $120.00 to $155.00 in a research note issued on Wednesday,MarketScreener reports. The brokerage currently has an "overweight" rating on the semiconductor company's stock. Cantor Fitzgerald's price target would suggest a potential upside of 15.76% from the stock's previous close.

Other research analysts have also issued research reports about the company. Rothschild & Co Redburn raised their price objective on Lam Research from $115.00 to $140.00 and gave the company a "buy" rating in a report on Wednesday. The Goldman Sachs Group started coverage on Lam Research in a report on Thursday, July 10th. They issued a "buy" rating and a $115.00 price target for the company. Needham & Company LLC boosted their price objective on Lam Research from $110.00 to $115.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st. Summit Insights downgraded Lam Research from a "buy" rating to a "hold" rating in a research note on Thursday, July 31st. Finally, Raymond James Financial lifted their price target on Lam Research from $90.00 to $110.00 and gave the stock an "outperform" rating in a report on Thursday, July 31st. Twenty-two equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $117.72.

Lam Research Price Performance

NASDAQ:LRCX opened at $133.90 on Wednesday. The stock has a market capitalization of $168.85 billion, a PE ratio of 32.19, a price-to-earnings-growth ratio of 1.65 and a beta of 1.76. Lam Research has a 52 week low of $56.32 and a 52 week high of $134.21. The company has a quick ratio of 1.55, a current ratio of 2.21 and a debt-to-equity ratio of 0.38. The stock's 50-day moving average price is $107.60 and its 200-day moving average price is $90.97.

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 analysts' consensus estimates of $1.21 by $0.12. Lam Research had a return on equity of 58.17% and a net margin of 29.07%.The business had revenue of $5.17 billion during the quarter, compared to analysts' expectations of $4.99 billion. During the same period in the previous year, the business earned $1.03 earnings per share. The business's revenue was up 33.6% compared to the same quarter last year. Lam Research has set its Q1 2026 guidance at 1.100-1.300 EPS. As a group, equities analysts expect that Lam Research will post 3.71 EPS for the current fiscal year.

Institutional Trading of Lam Research

Institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. lifted its position in shares of Lam Research by 1.1% during the second quarter. Vanguard Group Inc. now owns 130,609,265 shares of the semiconductor company's stock worth $12,713,506,000 after purchasing an additional 1,457,163 shares in the last quarter. State Street Corp increased its stake in Lam Research by 1.1% during the 2nd quarter. State Street Corp now owns 59,551,547 shares of the semiconductor company's stock worth $5,810,172,000 after buying an additional 629,666 shares during the period. JPMorgan Chase & Co. lifted its holdings in Lam Research by 14.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 40,622,437 shares of the semiconductor company's stock worth $3,954,188,000 after buying an additional 5,102,589 shares in the last quarter. Geode Capital Management LLC boosted its position in Lam Research by 3.5% in the 2nd quarter. Geode Capital Management LLC now owns 33,802,736 shares of the semiconductor company's stock valued at $3,280,484,000 after buying an additional 1,135,405 shares during the period. Finally, Norges Bank acquired a new position in shares of Lam Research in the second quarter worth $1,894,585,000. 84.61% of the stock is currently owned by hedge funds and other institutional investors.

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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