Needham & Company LLC Reaffirms “Buy” Rating for Lam Research (NASDAQ:LRCX)

Lam Research (NASDAQ:LRCX)‘s stock had its “buy” rating reiterated by stock analysts at Needham & Company LLC in a research note issued on Thursday,Benzinga reports. They currently have a $300.00 price objective on the semiconductor company’s stock. Needham & Company LLC’s price target suggests a potential upside of 12.97% from the company’s current price.

A number of other equities research analysts have also recently issued reports on the stock. Argus upped their price objective on shares of Lam Research from $175.00 to $280.00 in a research note on Tuesday, February 3rd. The Goldman Sachs Group set a $262.00 price target on shares of Lam Research and gave the company a “buy” rating in a research report on Thursday, January 29th. Erste Group Bank cut shares of Lam Research from a “buy” rating to a “hold” rating in a research report on Thursday, April 2nd. Barclays increased their price target on shares of Lam Research from $250.00 to $255.00 and gave the company an “equal weight” rating in a research report on Tuesday, March 10th. Finally, HSBC increased their price target on shares of Lam Research from $181.00 to $221.00 and gave the company a “hold” rating in a research report on Friday, January 30th. Twenty-seven research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Lam Research presently has an average rating of “Moderate Buy” and a consensus target price of $247.26.

Lam Research Price Performance

Shares of Lam Research stock opened at $265.55 on Thursday. Lam Research has a 52-week low of $66.34 and a 52-week high of $273.50. The stock has a market capitalization of $331.61 billion, a price-to-earnings ratio of 54.42, a price-to-earnings-growth ratio of 2.75 and a beta of 1.78. The company has a fifty day moving average of $233.80 and a 200-day moving average of $196.58. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.61 and a current ratio of 2.26.

Lam Research (NASDAQ:LRCX) last announced its quarterly earnings data on Wednesday, April 22nd. The semiconductor company reported $1.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.36 by $0.11. Lam Research had a net margin of 30.22% and a return on equity of 62.81%. The company had revenue of $5.84 billion during the quarter, compared to analysts’ expectations of $5.70 billion. During the same quarter in the prior year, the company earned $1.04 EPS. The firm’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. Equities research analysts expect that Lam Research will post 5.3 EPS for the current year.

Insiders Place Their Bets

In related news, CFO Douglas R. Bettinger sold 50,057 shares of the stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $224.03, for a total value of $11,214,269.71. Following the completion of the transaction, the chief financial officer directly owned 1,081,705 shares in the company, valued at $242,334,371.15. This trade represents a 4.42% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Eric Brandt sold 35,000 shares of the stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $225.60, for a total transaction of $7,896,000.00. Following the completion of the transaction, the director owned 253,705 shares of the company’s stock, valued at approximately $57,235,848. The trade was a 12.12% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 130,886 shares of company stock worth $29,658,802. 0.31% of the stock is currently owned by corporate insiders.

Institutional Trading of Lam Research

A number of institutional investors and hedge funds have recently bought and sold shares of LRCX. Brighton Jones LLC increased its stake in Lam Research by 1,032.4% during the 4th quarter. Brighton Jones LLC now owns 14,189 shares of the semiconductor company’s stock valued at $1,025,000 after purchasing an additional 12,936 shares in the last quarter. Caxton Associates LLP bought a new stake in Lam Research during the 1st quarter valued at about $239,000. Gabelli Funds LLC bought a new stake in Lam Research during the 2nd quarter valued at about $253,000. NewEdge Advisors LLC increased its stake in Lam Research by 2.7% during the 2nd quarter. NewEdge Advisors LLC now owns 100,528 shares of the semiconductor company’s stock valued at $9,785,000 after purchasing an additional 2,661 shares in the last quarter. Finally, Osterweis Capital Management Inc. increased its stake in Lam Research by 5,206.7% during the 2nd quarter. Osterweis Capital Management Inc. now owns 796 shares of the semiconductor company’s stock valued at $77,000 after purchasing an additional 781 shares in the last quarter. 84.61% of the stock is currently owned by institutional investors.

Trending Headlines about Lam Research

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

• Positive Sentiment: Q3 results beat and upbeat guidance — Lam reported $1.47 non?GAAP EPS vs. $1.36 expected and $5.84B revenue (y/y +23.8%); management guided Q4 EPS to $1.50–1.80 and revenue midpoint (~$6.6B) above Street expectations, supporting a stronger near?term revenue cadence. Lam Research Corporation Reports Financial Results for the Quarter Ended March 29, 2026
• Positive Sentiment: AI demand lifts outlook and broker lift — Analysts pointed to AI?driven capacity additions as the catalyst; TD Cowen, BofA and others have raised price targets (examples include PTs to $330–$340), reinforcing buy-side momentum. Lam Research: Sustained Buy on Above-Consensus Growth, Market Share Gains, and Multi-Year WFE Upside
• Positive Sentiment: Market commentary and coverage — Multiple outlets highlight the beat and upgraded outlook (coverage includes quick takes and analyst notes), which is helping buying interest into the print. Lam Research (LRCX) Stock Surges on Strong Q3 Beat and Optimistic Outlook
• Neutral Sentiment: Conference materials & transcript now public — The earnings press release, slide deck and call transcript are available for investors who want to verify drivers (bookings, inventory trends, regional demand mix). View Press Release / Slide Deck
• Neutral Sentiment: Details available in the earnings call transcript — Useful for drilling into customer cadence, product mix and timing of WFE (wafer fab equipment) spending. Lam Research Corporation (LRCX) Q3 2026 Earnings Call Transcript
• Positive Sentiment: Program/partner wins — Coverage notes Lam’s participation in projects like Tesla’s Terafab, which could add multi?year equipment demand if scaled. As Lam Research Joins the Tesla Terafab, Should You Buy, Sell, or Hold LRCX Stock?
• Negative Sentiment: Rally risk and valuation — Several commentators warn Lam faces an “earnings test” after a sharp run; valuation metrics (high P/E and stretched multiples) raise the risk of near?term profit taking if growth decelerates. 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.