Lam Research (NASDAQ:LRCX) Receives “Overweight” Rating from Cantor Fitzgerald

Lam Research (NASDAQ:LRCX)‘s stock had its “overweight” rating reiterated by Cantor Fitzgerald in a note issued to investors on Thursday,Benzinga reports. They currently have a $320.00 target price on the semiconductor company’s stock. Cantor Fitzgerald’s price objective would suggest a potential upside of 21.82% from the company’s previous close.

Other equities analysts have also issued research reports about the company. JPMorgan Chase & Co. raised their price objective on Lam Research from $300.00 to $315.00 and gave the stock an “overweight” rating in a research note on Thursday. BNP Paribas Exane raised their price objective on Lam Research from $250.00 to $260.00 and gave the stock a “neutral” rating in a research note on Thursday. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $300.00 price objective on shares of Lam Research in a research note on Wednesday, April 15th. Summit Insights upgraded Lam Research from a “hold” rating to a “buy” rating in a research note on Thursday, January 29th. Finally, Mizuho raised their price objective on Lam Research from $295.00 to $330.00 and gave the stock an “outperform” rating in a research note on Thursday. Twenty-seven analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $276.10.

Lam Research Stock Performance

NASDAQ:LRCX traded down $2.87 during mid-day trading on Thursday, hitting $262.68. 5,547,683 shares of the stock were exchanged, compared to its average volume of 11,221,423. The firm’s 50-day simple moving average is $233.80 and its 200 day simple moving average is $196.58. Lam Research has a fifty-two week low of $67.55 and a fifty-two week high of $273.50. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.61 and a current ratio of 2.26. The stock has a market capitalization of $328.03 billion, a price-to-earnings ratio of 53.77, a price-to-earnings-growth ratio of 2.75 and a beta of 1.78.

Lam Research (NASDAQ:LRCX) last posted its quarterly earnings data on Wednesday, April 22nd. The semiconductor company reported $1.47 EPS for the quarter, topping analysts’ consensus estimates of $1.36 by $0.11. Lam Research had a return on equity of 62.81% and a net margin of 30.22%.The firm had revenue of $5.84 billion for the quarter, compared to analyst estimates of $5.70 billion. During the same quarter last year, the company earned $1.04 EPS. The company’s revenue was up 23.8% on a year-over-year basis. Lam Research has set its Q4 2026 guidance at 1.500-1.800 EPS. As a group, equities analysts anticipate that Lam Research will post 5.3 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CFO Douglas R. Bettinger sold 50,057 shares of the business’s stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $224.03, for a total transaction of $11,214,269.71. Following the sale, the chief financial officer owned 1,081,705 shares in the company, valued at $242,334,371.15. The trade was a 4.42% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Ava Harter sold 1,500 shares of the business’s stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $222.66, for a total value of $333,990.00. Following the sale, the insider owned 53,205 shares in the company, valued at $11,846,625.30. This represents a 2.74% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 130,886 shares of company stock worth $29,658,802 in the last 90 days. Insiders own 0.31% of the company’s stock.

Institutional Investors Weigh In On Lam Research

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. grew its position in Lam Research by 0.3% during the 3rd 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 last quarter. State Street Corp grew its position in Lam Research by 0.4% during the 3rd quarter. State Street Corp now owns 59,817,352 shares of the semiconductor company’s stock worth $8,024,684,000 after acquiring an additional 265,805 shares during the last quarter. Geode Capital Management LLC lifted its holdings 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 buying an additional 126,613 shares during the period. Invesco Ltd. lifted its holdings in 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 during the period. Finally, Norges Bank acquired a new position in Lam Research during the 4th quarter worth about $3,645,427,000. Institutional investors own 84.61% of the company’s stock.

Key Lam Research News

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

• Positive Sentiment: Q3 results beat and above?consensus guidance — Lam reported $1.47 non?GAAP EPS vs. $1.36 expected and $5.84B in revenue (?+24% y/y); Q4 EPS guidance of $1.50–$1.80 and revenue guidance above Street expectations support upside to estimates. Lam Research Q3 Earnings Surpass Expectations, Revenues Rise Y/Y
• Positive Sentiment: AI demand and margin expansion — management cited strong AI?chip WFE demand and record support sales that helped revenue and margins, a cyclical tailwind that underpins multi?quarter upside for equipment suppliers. LRCX Q1 Deep Dive: AI Demand Fuels Revenue Growth and Margin Expansion
• Positive Sentiment: Broad analyst support — a large group of banks raised price targets (examples: Berenberg, Bernstein, Susquehanna, TD Cowen, JPMorgan, BofA, Wells Fargo, Jefferies, Mizuho, Stifel), signaling strong sell?side conviction and lifting consensus upside. Berenberg Raises Price Target on Lam Research
• Neutral Sentiment: Deeper metric analysis and call materials available — analysts and outlets are publishing quarter deep?dives and the earnings call transcript/slides for detail on backlog, inventory and product mix; useful for validating durability of demand. Here’s What Key Metrics Tell Us About Lam Research (LRCX) Q3 Earnings
• Negative Sentiment: Near?term pullback risk after sharp rally — some commentary warns Lam faces an “earnings test” after a fast run higher; short?term profit?taking or rotation could pressure the shares even with strong fundamentals. Lam Research faces earnings test after sharp rally

Lam Research Company Profile

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.