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

Key Points

• TD Cowen has raised its price target for Lam Research from $125.00 to $145.00, indicating a potential upside of 6.25% from the current stock price, while maintaining a "buy" rating.
• Multiple analysts have increased their price targets for Lam Research, with the consensus rating at "Moderate Buy" and an average price target of $123.80.
• Lam Research reported a strong quarterly earning of $1.33 EPS, beating expectations, with a year-over-year revenue growth of 33.6%.

Lam Research (NASDAQ:LRCX - Get Free Report) had its price objective boosted by analysts at TD Cowen from $125.00 to $145.00 in a note issued to investors on Monday,MarketScreener reports. The firm presently has a "buy" rating on the semiconductor company's stock. TD Cowen's price objective indicates a potential upside of 6.25% from the stock's current price.

Other research analysts have also issued research reports about the stock. Raymond James Financial lifted their price target on shares of Lam Research from $90.00 to $110.00 and gave the stock an "outperform" rating in a research report on Thursday, July 31st. B. Riley increased their price target on Lam Research from $130.00 to $160.00 and gave the company a "buy" rating in a research report on Wednesday, September 24th. Needham & Company LLC raised their target price on shares of Lam Research from $110.00 to $115.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. Summit Insights downgraded shares of Lam Research from a "buy" rating to a "hold" rating in a research report on Thursday, July 31st. Finally, Deutsche Bank Aktiengesellschaft upgraded Lam Research from a "hold" rating to a "buy" rating and increased their target price for the company from $100.00 to $150.00 in a report on Monday, September 29th. Twenty-three investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $123.80.

Lam Research Price Performance

Shares of NASDAQ LRCX opened at $136.48 on Monday. The stock has a market cap of $172.10 billion, a P/E ratio of 32.86, a P/E/G ratio of 1.60 and a beta of 1.84. The firm's 50-day simple moving average is $115.59 and its 200 day simple moving average is $95.18. Lam Research has a fifty-two week low of $56.32 and a fifty-two week high of $153.70. 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 (NASDAQ:LRCX - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The semiconductor company reported $1.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.21 by $0.12. Lam Research had a net margin of 29.07% and a return on equity of 58.17%. The business had revenue of $5.17 billion during the quarter, compared to analysts' expectations of $4.99 billion. During the same period last year, the firm posted $1.03 earnings per share. The business's revenue was up 33.6% on a year-over-year basis. Lam Research has set its Q1 2026 guidance at 1.100-1.300 EPS. Equities analysts expect that Lam Research will post 3.71 EPS for the current year.

Hedge Funds Weigh In On Lam Research

Several hedge funds have recently bought and sold shares of the business. Empowered Funds LLC increased its holdings in shares of Lam Research by 10.5% during the 1st quarter. Empowered Funds LLC now owns 187,472 shares of the semiconductor company's stock valued at $13,629,000 after acquiring an additional 17,833 shares during the last quarter. Pinnacle Financial Partners Inc bought a new stake in Lam Research during the first quarter worth approximately $201,000. Cookson Peirce & Co. Inc. acquired a new position in Lam Research during the first quarter valued at approximately $607,000. China Universal Asset Management Co. Ltd. boosted its holdings in shares of Lam Research by 27.1% during the 1st quarter. China Universal Asset Management Co. Ltd. now owns 49,505 shares of the semiconductor company's stock worth $3,607,000 after buying an additional 10,565 shares during the period. Finally, Glass Wealth Management Co LLC raised its holdings in Lam Research by 8.5% in the 2nd quarter. Glass Wealth Management Co LLC now owns 28,870 shares of the semiconductor company's stock worth $2,810,000 after acquiring an additional 2,270 shares during the period. 84.61% of the stock is owned by institutional investors and hedge funds.

Lam Research Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.