The Goldman Sachs Group Increases Lam Research (NASDAQ:LRCX) Price Target to $160.00

Key Points

• Goldman Sachs raised Lam Research's price target significantly from $115 to $160.00, reflecting a potential upside of 15.18% from the previous close.
• The semiconductor company has garnered a "buy" rating from multiple analysts, with strong revenue growth and EPS beating estimates in its last quarterly earnings.
• Institutional ownership is high, with 84.61% of Lam Research's stock held by hedge funds and other institutional investors.

Lam Research (NASDAQ:LRCX - Get Free Report) had its price target raised by equities research analysts at The Goldman Sachs Group from $115.00 to $160.00 in a research report issued on Wednesday,MarketScreener reports. The brokerage currently has a "buy" rating on the semiconductor company's stock. The Goldman Sachs Group's target price would suggest a potential upside of 15.18% from the company's previous close.

Several other equities analysts have also issued reports on the company. Hsbc Global Res raised Lam Research to a "hold" rating in a report on Tuesday, September 30th. Deutsche Bank Aktiengesellschaft upgraded Lam Research from a "hold" rating to a "buy" rating and raised their price target for the stock from $100.00 to $150.00 in a research note on Monday, September 29th. Mizuho boosted their price objective on Lam Research from $120.00 to $130.00 and gave the company an "outperform" rating in a research note on Friday, September 12th. Oppenheimer increased their price objective on Lam Research from $110.00 to $120.00 and gave the company an "outperform" rating in a report on Thursday, July 31st. Finally, Barclays set a $83.00 target price on shares of Lam Research and gave the company an "equal weight" rating in a report on Monday, July 28th. Twenty-three analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat, Lam Research has an average rating of "Moderate Buy" and a consensus target price of $121.00.

Lam Research Price Performance

LRCX stock opened at $138.91 on Wednesday. The business has a 50 day moving average price of $112.31 and a 200 day moving average price of $93.32. The stock has a market cap of $175.17 billion, a price-to-earnings ratio of 33.32, a PEG ratio of 1.82 and a beta of 1.84. 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 issued its quarterly earnings data on Wednesday, July 30th. The semiconductor company reported $1.33 earnings per share for the quarter, topping the consensus estimate of $1.21 by $0.12. The business had revenue of $5.17 billion during the quarter, compared to the consensus estimate of $4.99 billion. Lam Research had a net margin of 29.07% and a return on equity of 58.17%. The company's revenue was up 33.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.03 EPS. Lam Research has set its Q1 2026 guidance at 1.100-1.300 EPS. Equities research analysts anticipate that Lam Research will post 3.71 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Lam Research

Institutional investors and hedge funds have recently made changes to their positions in the business. IMG Wealth Management Inc. acquired a new stake in shares of Lam Research during the second quarter valued at $26,000. Howard Hughes Medical Institute acquired a new stake in Lam Research during the second quarter worth approximately $27,000. Strategic Wealth Investment Group LLC acquired a new position in Lam Research in the 2nd quarter valued at $29,000. Delos Wealth Advisors LLC purchased a new position in shares of Lam Research during the 2nd quarter worth $30,000. Finally, REAP Financial Group LLC purchased a new stake in shares of Lam Research in the second quarter valued at $31,000. 84.61% of the stock is currently owned by hedge funds and other institutional investors.

About Lam Research

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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