Lam Research (NASDAQ:LRCX) Shares Up 2.2% Following Analyst Upgrade

Key Points

• Lam Research shares rose 2.2% after B. Riley Financial raised its price target from $350 to $390 and maintained a “buy” rating. The stock reached $352.56 intraday and closed near $347.49.
• Analyst sentiment remains broadly positive, with a consensus “Moderate Buy” rating and an average price target of $364.01, supported by strong quarterly results that exceeded earnings and revenue expectations.
• Lam Research increased its quarterly dividend from $0.26 to $0.33 per share, while recent insider sales totaled 32,839 shares worth approximately $10.6 million.

Lam Research Corporation (NASDAQ:LRCX - Get Free Report) shares were up 2.2% during trading on Friday after B. Riley Financial raised their price target on the stock from $350.00 to $390.00. B. Riley Financial currently has a buy rating on the stock. Lam Research traded as high as $352.56 and last traded at $347.49. 7,427,539 shares traded hands during mid-day trading, a decline of 31% from the average session volume of 10,799,507 shares. The stock had previously closed at $340.10.

A number of other equities analysts have also commented on the company. Raymond James Financial set a $425.00 price target on Lam Research in a report on Wednesday, June 10th. Morgan Stanley dropped their price objective on Lam Research from $404.00 to $367.00 and set an "overweight" rating on the stock in a report on Thursday, July 30th. TD Cowen restated a "buy" rating and issued a $400.00 target price (up from $340.00) on shares of Lam Research in a research note on Thursday, July 9th. UBS Group reduced their target price on Lam Research from $435.00 to $425.00 and set a "buy" rating for the company in a report on Tuesday, September 1st. Finally, Evercore reiterated an "outperform" rating and set a $355.00 price target on shares of Lam Research in a research report on Monday, July 20th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, Lam Research currently has a consensus rating of "Moderate Buy" and an average price target of $364.01.

Insider Transactions at Lam Research

In other Lam Research news, Director Abhijit Y. Talwalkar sold 18,282 shares of the stock in a transaction on Monday, July 13th. The stock was sold at an average price of $335.00, for a total value of $6,124,470.00. Following the completion of the transaction, the director owned 87,142 shares in the company, valued at approximately $29,192,570. This represents a 17.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Ava Harter sold 5,000 shares of the firm's stock in a transaction on Monday, August 31st. The shares were sold at an average price of $302.46, for a total value of $1,512,300.00. Following the transaction, the insider directly owned 42,462 shares of the company's stock, valued at $12,843,056.52. This represents a 10.53% decrease in their position. 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. Over the last ninety days, insiders sold 32,839 shares of company stock worth $10,644,740. Company insiders own 0.31% of the company's stock.

More Lam Research News

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

• Positive Sentiment: A broader semiconductor and technology-stock advance lifted Lam Research alongside Analog Devices, AMD, KLA Corporation, and Marvell Technology. The move reflects continued optimism around artificial-intelligence infrastructure and chip-related demand. Analog Devices, AMD, KLA Corporation, Lam Research, and Marvell Technology stocks trade up
• Positive Sentiment: B. Riley raised its price target for LRCX from $350 to $390 and maintained a “buy” rating, signaling confidence that equipment demand and earnings can support further upside. B. Riley raises Lam Research price target
• Positive Sentiment: Recent coverage highlights strong quarterly results, a dividend increase, and resilient chip-equipment demand. Lam Research’s latest reported quarter also exceeded consensus estimates for earnings and revenue, reinforcing the bullish narrative. Lam Research gains on strong earnings and dividend hike
• Positive Sentiment: Bank of America’s designation of Lam Research as a top pick may reframe the company’s equipment-demand outlook positively, particularly as investors assess spending tied to advanced memory, logic, and AI chips. Lam Research as a BofA top pick
• Neutral Sentiment: Analysts and investors are comparing LRCX’s year-to-date performance with the broader computer and technology sector. The comparison provides context but does not introduce a new company-specific catalyst. Lam Research performance versus its sector
• Neutral Sentiment: Lam Research will discuss its September-quarter results on October 21, giving investors a forthcoming update on demand, margins, and guidance. Lam Research September quarter conference call
• Negative Sentiment: After gaining roughly 550% over five years, LRCX may look stretched. Its elevated valuation means the stock increasingly depends on sustained earnings growth, creating downside risk if semiconductor spending or future results disappoint. Lam Research valuation after its five-year run

Institutional Investors Weigh In On Lam Research

A number of hedge funds and other institutional investors have recently bought and sold shares of LRCX. World Equity Group Inc. boosted its stake in shares of Lam Research by 0.5% in the 2nd quarter. World Equity Group Inc. now owns 5,576 shares of the semiconductor company's stock valued at $2,416,000 after purchasing an additional 29 shares in the last quarter. Tenzing Financial LLC boosted its position in Lam Research by 3.5% in the second quarter. Tenzing Financial LLC now owns 1,018 shares of the semiconductor company's stock valued at $441,000 after buying an additional 34 shares in the last quarter. Advus Financial Partners LLC boosted its position in Lam Research by 1.0% in the second quarter. Advus Financial Partners LLC now owns 3,578 shares of the semiconductor company's stock valued at $1,550,000 after buying an additional 34 shares in the last quarter. Paragon Private Wealth Management LLC grew its stake in Lam Research by 1.3% during the second quarter. Paragon Private Wealth Management LLC now owns 2,719 shares of the semiconductor company's stock worth $1,178,000 after buying an additional 35 shares during the last quarter. Finally, Gibraltar Capital Management Inc. grew its stake in Lam Research by 3.6% during the second quarter. Gibraltar Capital Management Inc. now owns 1,050 shares of the semiconductor company's stock worth $455,000 after buying an additional 36 shares during the last quarter. Hedge funds and other institutional investors own 84.61% of the company's stock.

Lam Research Trading Up 2.2%

The company's fifty day moving average price is $305.26 and its two-hundred day moving average price is $301.94. The company has a quick ratio of 1.91, a current ratio of 2.63 and a debt-to-equity ratio of 0.30. The company has a market cap of $434.86 billion, a price-to-earnings ratio of 60.33, a price-to-earnings-growth ratio of 1.30 and a beta of 1.85.

Lam Research (NASDAQ:LRCX - Get Free Report) last announced its earnings results on Wednesday, July 29th. The semiconductor company reported $1.82 EPS for the quarter, topping the consensus estimate of $1.69 by $0.13. Lam Research had a return on equity of 67.60% and a net margin of 31.27%.The business had revenue of $6.72 billion for the quarter, compared to the consensus estimate of $6.66 billion. During the same period in the previous year, the business earned $1.33 EPS. Lam Research's revenue was up 30.0% compared to the same quarter last year. Lam Research has set its Q1 2027 guidance at 2.000-2.300 EPS. Research analysts expect that Lam Research Corporation will post 9.32 earnings per share for the current year.

Lam Research Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 14th. Stockholders of record on Wednesday, September 23rd will be issued a dividend of $0.33 per share. The ex-dividend date is Wednesday, September 23rd. This is a boost from Lam Research's previous quarterly dividend of $0.26. This represents a $1.32 annualized dividend and a dividend yield of 0.4%. Lam Research's dividend payout ratio (DPR) is currently 22.92%.

About Lam Research

Lam Research Corporation is a semiconductor equipment company that designs, manufactures, and services systems used in the fabrication of integrated circuits and other electronic devices. Its equipment supports key steps in the wafer manufacturing process, helping semiconductor producers create increasingly small and complex features on silicon wafers.

The company's portfolio includes systems for etch, deposition, wafer cleaning, surface preparation, and related manufacturing processes.

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