Lam Research (NASDAQ:LRCX) Sets New 12-Month High – Time to Buy?

Lam Research Corporation (NASDAQ:LRCX) shares hit a new 52-week high during trading on Wednesday . The company traded as high as $273.50 and last traded at $272.41, with a volume of 8470619 shares trading hands. The stock had previously closed at $267.32.

Trending Headlines about Lam Research

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

• Positive Sentiment: TSMC beat profit and raised its revenue outlook, a direct positive for equipment suppliers like Lam because stronger TSMC spending implies continued wafer?fab tool demand. Stocks to Watch: TSMC, Abbott Laboratories, Nvidia, Netflix
• Positive Sentiment: Analysts expect Lam to report growing earnings next week and see the company well positioned for an earnings beat — a near-term bullish fundamental driver for LRCX. Lam Research (LRCX) Earnings Expected to Grow: What to Know Ahead of Next Week’s Release
• Positive Sentiment: Industry commentary and social/media chatter highlight an AI-driven surge in equipment demand and higher price targets for Lam, supporting longer?term investor enthusiasm. Lam Research Stock (LRCX) Opinions on AI Semiconductor Boom
• Positive Sentiment: Stifel’s forecast for strong price appreciation and a recent analyst upgrade/positive notes have supported buying interest in LRCX. Stifel Nicolaus Forecasts Strong Price Appreciation for Lam Research (NASDAQ:LRCX) Stock
• Positive Sentiment: Lam-specific preview pieces and earnings?call attention (Kalkine, Zacks) keep focus on the company’s upbeat revenue and margin profile heading into the report. Lam Research Earnings Call Draws Market Focus
• Neutral Sentiment: Tesla/SpaceX’s Terafab outreach to semiconductor equipment suppliers is ambiguous for Lam — it could create a new direct customer or signal more in?house competition that changes industry dynamics. Investors view this as an uncertain/offsetting factor. Tesla, SpaceX Search For Suppliers For Elon Musk’s Terafab Project: Report
• Neutral Sentiment: Coverage of Musk’s Terafab push (deeper chip manufacturing) highlights industry disruption potential but is still early-stage and therefore a mixed signal for capital spending patterns. Musk Pushes Deeper Into Chip Manufacturing With Terafab
• Neutral Sentiment: Broader tech?earnings commentary reminds investors that semiconductor equipment exposure is cyclical; this supports conviction but also signals ongoing volatility. Tech Earnings Are Here. Whatever Happens, These 4 Stocks Should Thrive
• Negative Sentiment: Sector weakness after ASML’s update (softer near?term margins and export?control risk) pressured chip?equipment stocks; QuiverQuant links this directly to today’s pullback in Lam and flags insider sales and institutional repositioning ahead of earnings. Lam Research falls 3.4% as chip-equipment stocks retreat after ASML update

Wall Street Analysts Forecast Growth

LRCX has been the topic of a number of recent research reports. Rothschild & Co Redburn increased their price objective on Lam Research from $225.00 to $265.00 and gave the company a “buy” rating in a research report on Friday, February 6th. Wells Fargo & Company raised their price target on Lam Research from $250.00 to $290.00 and gave the stock an “overweight” rating in a research report on Thursday, January 29th. Susquehanna raised their price target on Lam Research from $325.00 to $350.00 and gave the stock a “positive” rating in a research report on Thursday, April 9th. The Goldman Sachs Group set a $262.00 price target on Lam Research and gave the stock a “buy” rating in a research report on Thursday, January 29th. Finally, Sanford C. Bernstein raised their price target on Lam Research from $275.00 to $285.00 and gave the stock an “outperform” rating in a research report on Monday, February 9th. Twenty-seven investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Lam Research has an average rating of “Moderate Buy” and an average target price of $247.26.

Lam Research Price Performance

The firm has a market cap of $325.88 billion, a price-to-earnings ratio of 53.48, a P/E/G ratio of 2.82 and a beta of 1.78. 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 company has a 50 day moving average of $231.15 and a 200 day moving average of $192.76.

Lam Research (NASDAQ:LRCX) last issued its quarterly earnings data on Wednesday, January 28th. The semiconductor company reported $1.27 EPS for the quarter, topping the consensus estimate of $1.17 by $0.10. The business had revenue of $5.34 billion for the quarter, compared to the consensus estimate of $5.23 billion. Lam Research had a return on equity of 62.81% and a net margin of 30.22%.The firm’s revenue was up 22.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.91 EPS. Lam Research has set its Q3 2026 guidance at 1.250-1.450 EPS. Equities research analysts predict that Lam Research Corporation will post 3.71 EPS for the current fiscal year.

Lam Research Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 8th. Investors of record on Wednesday, March 4th were paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend was Wednesday, March 4th. Lam Research’s dividend payout ratio (DPR) is presently 21.31%.

Insider Buying and Selling

In related news, CFO Douglas R. Bettinger sold 50,057 shares of the firm’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 of the company’s stock, valued at approximately $242,334,371.15. This trade represents a 4.42% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Ava Harter sold 1,500 shares of the firm’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 directly owned 53,205 shares in the company, valued at $11,846,625.30. The trade was a 2.74% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 130,886 shares of company stock valued at $29,658,802. 0.31% of the stock is owned by company insiders.

Institutional Trading of Lam Research

Hedge funds and other institutional investors have recently modified their holdings of the company. Lingohr Asset Management GmbH raised its holdings in Lam Research by 590.7% during the third quarter. Lingohr Asset Management GmbH now owns 59,555 shares of the semiconductor company’s stock worth $7,974,000 after acquiring an additional 50,933 shares in the last quarter. Mediolanum International Funds Ltd raised its holdings in Lam Research by 52.0% during the third quarter. Mediolanum International Funds Ltd now owns 262,544 shares of the semiconductor company’s stock worth $34,417,000 after acquiring an additional 89,856 shares in the last quarter. First Citizens Bank & Trust Co. raised its holdings in Lam Research by 8.0% during the third quarter. First Citizens Bank & Trust Co. now owns 140,433 shares of the semiconductor company’s stock worth $18,804,000 after acquiring an additional 10,408 shares in the last quarter. Thoroughbred Financial Services LLC raised its holdings in Lam Research by 115.2% during the third quarter. Thoroughbred Financial Services LLC now owns 22,198 shares of the semiconductor company’s stock worth $2,972,000 after acquiring an additional 11,883 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund raised its holdings in Lam Research by 30.9% during the third quarter. Oregon Public Employees Retirement Fund now owns 144,656 shares of the semiconductor company’s stock worth $19,369,000 after acquiring an additional 34,147 shares in the last quarter. Institutional investors and hedge funds own 84.61% of the company’s stock.

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.