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

Key Points

• Mizuho raised its price target on Lam Research from $380 to $400 and kept an outperform rating, implying about 20% upside from the current share price.
• Other analysts have also turned more bullish on the stock, with several firms lifting targets and ratings; overall, Lam Research now has a Moderate Buy consensus and a $348.39 average target.
• The company reported better-than-expected quarterly results, including EPS of $1.47 versus $1.36 expected and revenue of $5.84 billion, up 23.8% year over year.

Lam Research (NASDAQ:LRCX - Get Free Report) had its target price boosted by equities researchers at Mizuho from $380.00 to $400.00 in a research report issued on Thursday,Benzinga reports. The brokerage presently has an "outperform" rating on the semiconductor company's stock. Mizuho's price objective would indicate a potential upside of 20.07% from the company's current price.

A number of other equities research analysts also recently issued reports on LRCX. Jefferies Financial Group increased their price objective on shares of Lam Research from $285.00 to $315.00 and gave the stock a "buy" rating in a research note on Thursday, April 23rd. Evercore boosted their target price on shares of Lam Research from $275.00 to $300.00 and gave the company an "outperform" rating in a research report on Thursday, April 23rd. Wells Fargo & Company reaffirmed an "overweight" rating and set a $450.00 price target (up from $365.00) on shares of Lam Research in a report on Monday, June 22nd. Berenberg Bank increased their price target on shares of Lam Research from $265.00 to $335.00 and gave the stock a "buy" rating in a research report on Thursday, April 23rd. Finally, Needham & Company LLC reissued a "buy" rating and issued a $300.00 price objective on shares of Lam Research in a research note on Thursday, April 23rd. Twenty-eight research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $348.39.

Lam Research Price Performance

Shares of NASDAQ LRCX opened at $333.15 on Thursday. The business has a fifty day moving average price of $330.82 and a two-hundred day moving average price of $261.73. The stock has a market capitalization of $416.63 billion, a PE ratio of 62.86, a P/E/G ratio of 1.94 and a beta of 1.80. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.54 and a quick ratio of 1.77. Lam Research has a fifty-two week low of $90.93 and a fifty-two week high of $438.50.

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 (EPS) for the quarter, topping the consensus estimate of $1.36 by $0.11. Lam Research had a return on equity of 66.21% and a net margin of 30.94%.The company had revenue of $5.84 billion for the quarter, compared to analyst estimates of $5.70 billion. Lam Research's quarterly revenue was up 23.8% on a year-over-year basis. During the same period in the prior year, the firm posted $1.04 EPS. Lam Research has set its Q4 2026 guidance at 1.500-1.800 EPS. As a group, equities analysts predict that Lam Research will post 5.68 earnings per share for the current fiscal year.

Insider Buying and Selling at Lam Research

In other Lam Research news, Director Eric Brandt sold 54,500 shares of the business's stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $350.80, for a total transaction of $19,118,600.00. Following the sale, the director owned 199,205 shares of the company's stock, valued at approximately $69,881,114. The trade was a 21.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Neil J. Fernandes sold 7,659 shares of the company's stock in a transaction on Monday, June 1st. The stock was sold at an average price of $309.60, for a total transaction of $2,371,226.40. Following the transaction, the senior vice president owned 58,470 shares of the company's stock, valued at $18,102,312. This trade represents a 11.58% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 86,339 shares of company stock worth $27,680,267 over the last quarter. Corporate insiders own 0.31% of the company's stock.

Hedge Funds Weigh In On Lam Research

Large investors have recently bought and sold shares of the company. Norges Bank bought a new position in Lam Research in the 4th quarter valued at approximately $3,645,427,000. Price T Rowe Associates Inc. MD grew its holdings in Lam Research by 352.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 13,695,210 shares of the semiconductor company's stock worth $2,344,347,000 after acquiring an additional 10,666,540 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its position in Lam Research by 781.3% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 11,340,865 shares of the semiconductor company's stock valued at $1,518,542,000 after acquiring an additional 10,053,978 shares during the period. Franklin Resources Inc. increased its position in Lam Research by 57.0% in the 4th quarter. Franklin Resources Inc. now owns 10,110,560 shares of the semiconductor company's stock valued at $1,730,724,000 after acquiring an additional 3,671,073 shares during the period. Finally, Corient Private Wealth LLC raised its stake in shares of Lam Research by 235.5% during the fourth quarter. Corient Private Wealth LLC now owns 5,199,441 shares of the semiconductor company's stock valued at $890,040,000 after acquiring an additional 3,649,553 shares during the last quarter. 84.61% of the stock is currently owned by institutional investors.

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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