Lam Research (NASDAQ:LRCX) Stock Rating Upgraded by Zacks Research

Key Points

• Zacks Research has upgraded Lam Research's stock rating from "hold" to a "strong-buy", indicating increased confidence in the company's performance.
• The stock currently has an average price target of $128.04, with most analysts rating it as a "Moderate Buy".
• Shares of Lam Research opened at $145.11, reflecting a slight increase of 0.1% as of the last market session.

Lam Research (NASDAQ:LRCX - Get Free Report) was upgraded by equities research analysts at Zacks Research from a "hold" rating to a "strong-buy" rating in a research report issued to clients and investors on Monday,Zacks.com reports.

LRCX has been the subject of a number of other reports. HSBC set a $127.00 price objective on Lam Research and gave the stock a "hold" rating in a research report on Tuesday, September 30th. Raymond James Financial boosted their price target on shares of Lam Research from $90.00 to $110.00 and gave the stock an "outperform" rating in a report on Thursday, July 31st. The Goldman Sachs Group raised their price objective on shares of Lam Research from $115.00 to $160.00 and gave the company a "buy" rating in a report on Wednesday, October 8th. Stifel Nicolaus set a $135.00 target price on shares of Lam Research and gave the stock a "buy" rating in a research note on Monday, October 13th. Finally, Wells Fargo & Company raised their price target on Lam Research from $98.00 to $135.00 and gave the company an "equal weight" rating in a research note on Thursday, October 2nd. One research analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and eight have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $128.04.

Lam Research Stock Up 0.1%

Shares of LRCX opened at $145.11 on Monday. The company's 50-day simple moving average is $120.69 and its 200-day simple moving average is $98.08. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.55 and a current ratio of 2.21. Lam Research has a 1 year low of $56.32 and a 1 year high of $153.70. The stock has a market capitalization of $182.99 billion, a PE ratio of 34.88, a P/E/G ratio of 1.75 and a beta of 1.84.

Lam Research (NASDAQ:LRCX - Get Free Report) last announced 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. The business had revenue of $5.17 billion for the quarter, compared to analysts' expectations of $4.99 billion. Lam Research had a return on equity of 58.17% and a net margin of 29.07%.The company's revenue for the quarter was up 33.6% compared to the same quarter last year. During the same period last year, the firm earned $1.03 earnings per share. Lam Research has set its Q1 2026 guidance at 1.100-1.300 EPS. Analysts forecast that Lam Research will post 3.71 earnings per share for the current fiscal year.

Insider Buying and Selling at Lam Research

In related news, SVP Vahid Vahedi sold 52,190 shares of the 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.31% of the stock is currently owned by corporate insiders.

Institutional Trading of Lam Research

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Earned Wealth Advisors LLC boosted its holdings in Lam Research by 3.5% during the third quarter. Earned Wealth Advisors LLC now owns 10,995 shares of the semiconductor company's stock worth $1,472,000 after buying an additional 369 shares in the last quarter. Asset Management One Co. Ltd. lifted its position in shares of Lam Research by 8.3% during the 3rd quarter. Asset Management One Co. Ltd. now owns 598,637 shares of the semiconductor company's stock valued at $80,157,000 after acquiring an additional 45,946 shares during the period. Penobscot Investment Management Company Inc. boosted its stake in shares of Lam Research by 13.4% during the 3rd quarter. Penobscot Investment Management Company Inc. now owns 16,210 shares of the semiconductor company's stock worth $2,171,000 after acquiring an additional 1,920 shares in the last quarter. Moss Adams Wealth Advisors LLC boosted its stake in shares of Lam Research by 3.2% during 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 in the last quarter. Finally, Community Financial Services Group LLC acquired a new stake in shares of Lam Research in the 3rd quarter worth approximately $216,000. Institutional investors and hedge funds own 84.61% of the company's stock.

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.

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