Mizuho Issues Positive Forecast for Lam Research (NASDAQ:LRCX) Stock Price

Key Points

• Mizuho raised its price target on Lam Research to $330 (from $295) and maintained an outperform rating, implying roughly a 24.6% upside from the prior close.
• Lam beat Q3 estimates — $1.47 EPS vs. a $1.36 consensus and revenue of $5.84B (up 23.8% YoY) — and raised Q4 guidance to $1.50–$1.80 EPS with revenue above Street expectations, driven by AI-related wafer fab demand.
• Analyst sentiment is largely positive (27 Buys vs. 8 Holds) with a consensus target of $272.73, but the stock's elevated valuation (P/E ~54) leaves limited room for disappointment.

Lam Research (NASDAQ:LRCX - Get Free Report) had its price target raised by investment analysts at Mizuho from $295.00 to $330.00 in a research note issued on Thursday,MarketScreener reports. The brokerage presently has an "outperform" rating on the semiconductor company's stock. Mizuho's price target would suggest a potential upside of 24.63% from the company's previous close.

A number of other analysts also recently commented on the stock. New Street Research increased their price objective on shares of Lam Research from $140.00 to $235.00 and gave the company a "neutral" rating in a report on Tuesday, March 31st. The Goldman Sachs Group reaffirmed a "buy" rating on shares of Lam Research in a research report on Thursday. BNP Paribas Exane lifted their price objective on Lam Research from $250.00 to $260.00 and gave the company a "neutral" rating in a research note on Thursday. Argus upped their target price on shares of Lam Research from $175.00 to $280.00 in a research note on Tuesday, February 3rd. Finally, Evercore lifted their price objective on Lam Research from $275.00 to $300.00 and gave the company an "outperform" rating in a research note on Thursday. Twenty-seven research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $272.73.

Lam Research Trading Down 0.3%

LRCX stock opened at $264.79 on Thursday. Lam Research has a 12-month low of $67.55 and a 12-month high of $273.50. The business's 50-day moving average is $233.80 and its 200 day moving average is $196.58. The company has a current ratio of 2.26, a quick ratio of 1.61 and a debt-to-equity ratio of 0.37. The stock has a market cap of $330.67 billion, a price-to-earnings ratio of 54.26, a PEG ratio of 2.75 and a beta of 1.78.

Lam Research (NASDAQ:LRCX - Get Free Report) last released its earnings results on Wednesday, April 22nd. The semiconductor company reported $1.47 earnings per share for the quarter, beating the consensus estimate of $1.36 by $0.11. Lam Research had a return on equity of 62.81% and a net margin of 30.22%.The business had revenue of $5.84 billion for the quarter, compared to the consensus estimate of $5.70 billion. During the same quarter last year, the business posted $1.04 earnings per share. The business's quarterly revenue was up 23.8% compared to the same quarter last year. Lam Research has set its Q4 2026 guidance at 1.500-1.800 EPS. On average, sell-side analysts anticipate that Lam Research will post 5.3 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CFO Douglas R. Bettinger sold 50,057 shares of the company's stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $224.03, for a total value of $11,214,269.71. Following the completion of the sale, the chief financial officer owned 1,081,705 shares in the company, valued at $242,334,371.15. This represents a 4.42% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Ava Harter sold 4,000 shares of the business's stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $232.50, for a total value of $930,000.00. Following the completion of the transaction, the insider owned 54,705 shares in the company, valued at $12,718,912.50. This trade represents a 6.81% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 130,886 shares of company stock valued at $29,658,802 over the last quarter. Company insiders own 0.31% of the company's stock.

Institutional Trading of Lam Research

Hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of Lam Research by 0.3% during the third quarter. Vanguard Group Inc. now owns 130,974,214 shares of the semiconductor company's stock worth $17,537,447,000 after acquiring an additional 364,949 shares during the period. State Street Corp boosted its holdings in Lam Research by 0.4% in the 3rd quarter. State Street Corp now owns 59,817,352 shares of the semiconductor company's stock valued at $8,024,684,000 after purchasing an additional 265,805 shares in the last quarter. Geode Capital Management LLC increased its position in Lam Research by 0.4% during the 4th quarter. Geode Capital Management LLC now owns 33,747,368 shares of the semiconductor company's stock worth $5,764,117,000 after purchasing an additional 126,613 shares during the period. Invesco Ltd. raised its stake in shares of Lam Research by 7.7% during the 4th quarter. Invesco Ltd. now owns 22,821,354 shares of the semiconductor company's stock worth $3,906,559,000 after buying an additional 1,638,406 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of Lam Research in the 4th quarter valued at approximately $3,645,427,000. Institutional investors and hedge funds own 84.61% of the company's stock.

Key Stories Impacting Lam Research

Here are the key news stories impacting Lam Research this week:

• Positive Sentiment: Lam reported fiscal Q3 results above estimates — $1.47 non-GAAP EPS vs. $1.36 consensus and $5.84B revenue (up 23.8% YoY). The release highlights record revenue and improved margins that underpinned the rally. PR Newswire
• Positive Sentiment: Management raised FYQ4 guidance: EPS $1.50–1.80 and revenue guidance midpoint (~$6.6B) came in above street expectations, signaling continued WFE strength. That upside to guidance is a primary driver of the rally. MarketBeat — Earnings
• Positive Sentiment: AI-driven chip demand is cited repeatedly as the demand engine — analysts and press note expanding spending on AI logic and memory fabs is lifting orders and margins for Lam’s etch/dep tools. Globe and Mail — Deep Dive
• Positive Sentiment: Wall Street raised targets and reiterated buys after the beat — examples include Needham ($300), BofA ($330) and TD Cowen ($340) — adding momentum as analysts push valuation higher. TipRanks — Ratings
• Neutral Sentiment: The company’s earnings call transcript and slide deck are available for investors digging into product-level demand, backlog and capex cadence. Seeking Alpha — Call Transcript
• Neutral Sentiment: Lam is named as a supplier for large-scale projects (e.g., Tesla Terafab), which supports long-duration revenue potential but requires execution and timelines to play out. Barchart — Terafab
• Negative Sentiment: Some commentators warn LRCX faces an earnings “test” after a sharp pre-report rally; elevated valuation metrics (P/E >50) mean expectations are high and leave limited room for disappointment. Seeking Alpha — Caution

About Lam Research

Lam Research Corporation NASDAQ: LRCX is a global supplier of wafer fabrication equipment and services to the semiconductor industry. Founded in 1980 by David K. Lam and headquartered in Fremont, California, the company develops and manufactures systems used in multiple stages of semiconductor device production, including thin film deposition, plasma etch, wafer cleaning and related process modules and automation.

Lam's product portfolio covers core process technologies employed by logic and memory manufacturers, with equipment designed to support advanced-node patterning, 3D NAND and other emerging device architectures.

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