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

Key Points

• Citigroup analysts have raised Lam Research's target price from $120.00 to $175.00, indicating a potential upside of 23.89%, while maintaining a "buy" rating on the stock.
• Lam Research's recent quarterly earnings surpassed expectations, reporting $1.26 earnings per share against the anticipated $1.22, with revenue of $5.32 billion, up 27.7% year-over-year.
• As of now, the stock has received mostly positive ratings, with one Strong Buy, twenty-three Buy, and eight Hold ratings, reflecting a consensus average rating of "Moderate Buy."

Lam Research (NASDAQ:LRCX - Get Free Report) had its target price raised by investment analysts at Citigroup from $120.00 to $175.00 in a research note issued on Thursday,Benzinga reports. The firm presently has a "buy" rating on the semiconductor company's stock. Citigroup's target price would suggest a potential upside of 23.89% from the company's previous close.

Several other research firms have also recently weighed in on LRCX. Weiss Ratings reiterated a "buy (b-)" rating on shares of Lam Research in a research report on Wednesday, October 8th. Wall Street Zen upgraded Lam Research from a "hold" rating to a "buy" rating in a research report on Saturday, October 4th. Needham & Company LLC increased their price objective on Lam Research from $110.00 to $115.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. The Goldman Sachs Group increased their price objective on Lam Research from $115.00 to $160.00 and gave the stock a "buy" rating in a research report on Wednesday, October 8th. Finally, Rothschild & Co Redburn increased their target price on Lam Research from $140.00 to $150.00 and gave the stock a "buy" rating in a report on Tuesday, October 14th. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $133.84.

Lam Research Trading Down 2.6%

Shares of Lam Research stock opened at $141.25 on Thursday. Lam Research has a 12-month low of $56.32 and a 12-month high of $153.70. The stock has a market cap of $178.12 billion, a P/E ratio of 33.95, a P/E/G ratio of 1.76 and a beta of 1.84. 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 business's 50 day moving average is $121.38 and its 200-day moving average is $98.38.

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 analysts' consensus estimates of $1.22 by $0.04. Lam Research had a return on equity of 58.17% and a net margin of 29.07%.The business had revenue of $5.32 billion for the quarter, compared to analysts' expectations of $5.23 billion. During the same quarter in the prior year, the business earned $0.86 EPS. The firm's revenue for the quarter was up 27.7% on a year-over-year basis. Lam Research has set its Q2 2026 guidance at 1.050-1.250 EPS. Equities research analysts predict that Lam Research will post 3.71 earnings per share for the current fiscal year.

Insider Activity

In other news, SVP Vahid Vahedi sold 52,190 shares of the firm's stock in a transaction on Monday, October 13th. The stock was sold at an average price of $138.90, for a total transaction of $7,249,191.00. Following the completion of the sale, the senior vice president directly owned 251,047 shares of the company's stock, valued at $34,870,428.30. This trade represents a 17.21% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.31% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Natural Investments LLC raised its stake in shares of Lam Research by 2.4% during the 3rd quarter. Natural Investments LLC now owns 3,408 shares of the semiconductor company's stock valued at $456,000 after purchasing an additional 79 shares during the period. Relyea Zuckerberg Hanson LLC raised its stake in shares of Lam Research by 2.2% during the 3rd quarter. Relyea Zuckerberg Hanson LLC now owns 3,675 shares of the semiconductor company's stock valued at $492,000 after purchasing an additional 80 shares during the period. Ignite Planners LLC increased its stake in Lam Research by 1.9% in the 3rd quarter. Ignite Planners LLC now owns 5,269 shares of the semiconductor company's stock worth $706,000 after acquiring an additional 100 shares during the last quarter. Toth Financial Advisory Corp increased its stake in Lam Research by 10.0% in the 3rd quarter. Toth Financial Advisory Corp now owns 1,100 shares of the semiconductor company's stock worth $147,000 after acquiring an additional 100 shares during the last quarter. Finally, Moss Adams Wealth Advisors LLC increased its stake in Lam Research by 3.2% in the 3rd quarter. Moss Adams Wealth Advisors LLC now owns 3,189 shares of the semiconductor company's stock worth $428,000 after acquiring an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 84.61% of the company's stock.

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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