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

Key Points

• Citigroup analysts have raised their target price for Lam Research stock from $113.00 to $120.00, suggesting a potential upside of 13.76% from its previous close and maintaining a "buy" rating.
• Lam Research reported a strong performance in its latest earnings announcement, exceeding consensus estimates with $1.33 EPS and a revenue of $5.17 billion, marking a 33.6% increase year-over-year.
• Overall, the stock has received a "Moderate Buy" average rating from 27 analysts, with 20 ratings as "Buy", 6 as "Hold", and 1 as "Sell".

Lam Research (NASDAQ:LRCX - Get Free Report) had its target price lifted by analysts at Citigroup from $113.00 to $120.00 in a report issued on Monday,Benzinga reports. The brokerage presently has a "buy" rating on the semiconductor company's stock. Citigroup's target price would indicate a potential upside of 13.76% from the company's previous close.

A number of other equities analysts also recently weighed in on the company. Wall Street Zen upgraded Lam Research from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. Mizuho upped their target price on Lam Research from $115.00 to $120.00 and gave the company an "outperform" rating in a report on Friday, August 1st. Morgan Stanley reiterated an "underweight" rating and issued a $92.00 target price (down previously from $94.00) on shares of Lam Research in a report on Tuesday, September 2nd. Wells Fargo & Company set a $98.00 price objective on Lam Research and gave the stock an "equal weight" rating in a report on Thursday, July 31st. Finally, KeyCorp increased their price objective on Lam Research from $105.00 to $115.00 and gave the stock an "overweight" rating in a report on Tuesday, July 15th. Twenty research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $107.52.

Lam Research Stock Performance

LRCX traded up $2.53 during trading hours on Monday, hitting $105.48. 2,487,571 shares of the stock were exchanged, compared to its average volume of 11,846,053. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.21 and a quick ratio of 1.55. The stock has a market cap of $133.50 billion, a price-to-earnings ratio of 25.43, a price-to-earnings-growth ratio of 1.32 and a beta of 1.76. Lam Research has a 12 month low of $56.32 and a 12 month high of $108.02. The stock has a 50-day simple moving average of $99.87 and a 200-day simple moving average of $85.80.

Lam Research (NASDAQ:LRCX - Get Free Report) last announced its earnings results on Wednesday, July 30th. The semiconductor company reported $1.33 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.21 by $0.12. Lam Research had a net margin of 29.07% and a return on equity of 58.17%. The firm had revenue of $5.17 billion during the quarter, compared to analyst estimates of $4.99 billion. During the same quarter in the prior year, the firm posted $1.03 EPS. Lam Research'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. Analysts anticipate that Lam Research will post 3.71 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Evolution Wealth Management Inc. acquired a new position in Lam Research during the second quarter worth $60,000. Cypress Capital Advisors LLC increased its stake in Lam Research by 4.7% during the 2nd quarter. Cypress Capital Advisors LLC now owns 8,384 shares of the semiconductor company's stock worth $816,000 after purchasing an additional 374 shares in the last quarter. Orion Porfolio Solutions LLC increased its stake in Lam Research by 3.9% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 60,378 shares of the semiconductor company's stock worth $5,877,000 after purchasing an additional 2,274 shares in the last quarter. Thrivent Financial for Lutherans boosted its position in Lam Research by 29.6% during the 2nd quarter. Thrivent Financial for Lutherans now owns 125,693 shares of the semiconductor company's stock worth $12,237,000 after acquiring an additional 28,716 shares during the last quarter. Finally, MASTERINVEST Kapitalanlage GmbH bought a new stake in shares of Lam Research during the 2nd quarter worth approximately $6,036,000. 84.61% of the stock is owned by 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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