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

Key Points

• New Street Research has raised Lam Research's price target from $105 to $140, maintaining a "neutral" rating, indicating a potential downside of 6.47% from the current stock price.
• A variety of analysts have given Lam Research a consensus rating of "Moderate Buy," with the average target price set at $147.21.
• Lam Research reported a quarterly revenue of $5.32 billion, exceeding estimates and showing a 27.7% year-over-year increase, alongside an EPS of $1.26.

Lam Research (NASDAQ:LRCX - Get Free Report) had its price objective upped by stock analysts at New Street Research from $105.00 to $140.00 in a note issued to investors on Thursday,MarketScreener reports. The brokerage currently has a "neutral" rating on the semiconductor company's stock. New Street Research's price target indicates a potential downside of 6.47% from the stock's current price.

Other research analysts have also issued reports about the company. Wells Fargo & Company upped their price target on Lam Research from $135.00 to $145.00 and gave the stock an "equal weight" rating in a report on Thursday. Barclays set a $142.00 price objective on Lam Research and gave the stock an "equal weight" rating in a report on Monday. Hsbc Global Res raised Lam Research to a "hold" rating in a report on Tuesday, September 30th. Needham & Company LLC lifted their price objective on Lam Research from $150.00 to $160.00 and gave the stock a "buy" rating in a report on Thursday. Finally, Argus raised their target price on Lam Research from $105.00 to $120.00 and gave the stock a "buy" rating in a research report on Friday, August 1st. One research analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $147.21.

Lam Research Trading Up 1.5%

NASDAQ:LRCX opened at $149.69 on Thursday. The firm has a market cap of $188.76 billion, a price-to-earnings ratio of 33.09, a P/E/G ratio of 1.71 and a beta of 1.84. The company's 50 day moving average is $122.19 and its 200-day moving average is $98.97. The company has a quick ratio of 1.55, a current ratio of 2.21 and a debt-to-equity ratio of 0.38. Lam Research has a 12 month low of $56.32 and a 12 month high of $153.70.

Lam Research (NASDAQ:LRCX - Get Free Report) last issued its quarterly earnings results on Wednesday, October 22nd. The semiconductor company reported $1.26 EPS for the quarter, topping analysts' consensus estimates of $1.22 by $0.04. Lam Research had a return on equity of 61.89% and a net margin of 29.66%.The company had revenue of $5.32 billion during the quarter, compared to analyst estimates of $5.23 billion. During the same period in the previous year, the company earned $0.86 earnings per share. The company's quarterly revenue was up 27.7% compared to the same quarter last year. Lam Research has set its Q2 2026 guidance at 1.050-1.250 EPS. Equities analysts anticipate that Lam Research will post 3.71 EPS for the current year.

Insider Buying and Selling at Lam Research

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

Institutional Investors Weigh In On Lam Research

A number of hedge funds have recently modified their holdings of the business. Hudock Inc. raised its position in shares of Lam Research by 7.2% during the third quarter. Hudock Inc. now owns 3,637 shares of the semiconductor company's stock worth $487,000 after purchasing an additional 243 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd raised its position in shares of Lam Research by 5.1% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 162,968 shares of the semiconductor company's stock worth $21,821,000 after purchasing an additional 7,890 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors raised its position in shares of Lam Research by 2.7% during the third quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 4,597 shares of the semiconductor company's stock worth $616,000 after purchasing an additional 122 shares during the period. Oregon Public Employees Retirement Fund raised its position in shares of Lam Research by 30.9% during the third quarter. Oregon Public Employees Retirement Fund now owns 144,656 shares of the semiconductor company's stock worth $19,369,000 after purchasing an additional 34,147 shares during the period. Finally, Capital Investment Advisors LLC raised its position in shares of Lam Research by 6.9% during the third quarter. Capital Investment Advisors LLC now owns 49,937 shares of the semiconductor company's stock worth $6,687,000 after purchasing an additional 3,226 shares during the period. Institutional investors and hedge funds 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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