Lam Research (NASDAQ:LRCX) Hits New 1-Year High on Analyst Upgrade

Lam Research Corporation (NASDAQ:LRCX) shares hit a new 52-week high on Tuesday after Seaport Research Partners upgraded the stock to a strong-buy rating. The stock traded as high as $276.60 and last traded at $275.0460, with a volume of 3075210 shares changing hands. The stock had previously closed at $258.57.

LRCX has been the subject of several other research reports. Susquehanna boosted their price objective on shares of Lam Research from $350.00 to $385.00 and gave the company a “positive” rating in a research note on Thursday, April 23rd. JPMorgan Chase & Co. increased their target price on shares of Lam Research from $300.00 to $315.00 and gave the stock an “overweight” rating in a research note on Thursday, April 23rd. Weiss Ratings raised shares of Lam Research from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, April 24th. KeyCorp restated a “sector weight” rating on shares of Lam Research in a research report on Thursday, January 29th. Finally, B. Riley Financial reaffirmed a “buy” rating on shares of Lam Research in a report on Monday, April 20th. Twenty-six equities 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, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $285.94.

Insider Buying and Selling at Lam Research

In related news, CFO Douglas R. Bettinger sold 50,057 shares of Lam Research stock in a transaction on 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 transaction, the chief financial officer directly owned 1,081,705 shares of the company’s stock, valued at $242,334,371.15. The trade was a 4.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Neil J. Fernandes sold 18,170 shares of Lam Research stock in a transaction on Friday, May 1st. The stock was sold at an average price of $255.14, for a total transaction of $4,635,893.80. Following the completion of the transaction, the senior vice president directly owned 66,129 shares in the company, valued at approximately $16,872,153.06. The trade was a 21.55% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 155,066 shares of company stock valued at $35,849,242. 0.31% of the stock is owned by insiders.

Key Lam Research News

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

• Positive Sentiment: AI-fab orders topped expectations, fueling a sharp intraday rally as investors priced in stronger near-term equipment demand. Lam Research (LRCX) Is Up 19.5% After AI-Fab Orders Beat Expectations Has The Bull Case Changed?
• Positive Sentiment: Recent quarterly results and upbeat guidance reinforce that Lam is capturing the AI-driven capex cycle for advanced logic and memory fabs — supporting longer-term revenue and margin expansion. Why Lam Research Still Looks Like a Buy After a 300% Rally
• Positive Sentiment: Analyst and brokerage actions are skewing bullish: Seaport Global initiated coverage with a buy, and consensus brokerage ratings remain favorable — adding credibility to the rally. Seaport Global initiates coverage of Lam Research (LRCX) with buy recommendation
• Positive Sentiment: Industry supply constraints (e.g., KLA commentary) suggest equipment vendors like Lam could see sustained backlog and pricing power as fabs race to equip AI capacity. KLA’s AI Capacity Constraints Highlight Earnings Power And Buyback Commitment
• Neutral Sentiment: Some broader-market pieces argue the AI trade may rotate (e.g., toward CPUs), which could shift relative leadership within semiconductors over time — a mixed signal for Lam depending on end-market mix. This 150% Run Is Just the Beginning
• Neutral Sentiment: Sector ETFs (SOXX/SMH/FTXL) show the AI infrastructure trade is broad-based; this supports demand but also increases competition and cyclicality risk. Semiconductor Leaders SOXX, SMH, and FTXL Are Crushing It on AI Infrastructure Demand
• Negative Sentiment: Multiple write-ups note Lam’s ~300% 12?month gain and overbought technicals — raising near-term pullback/consolidation risk for investors who chase the move now. Lam Research Has Surged 300% in a Year. Wall Street Sees More Gains Still Ahead

Institutional Trading of Lam Research

Several large investors have recently added to or reduced their stakes in the stock. Valued Wealth Advisors LLC boosted its holdings in Lam Research by 7.9% in the first quarter. Valued Wealth Advisors LLC now owns 589 shares of the semiconductor company’s stock valued at $126,000 after acquiring an additional 43 shares in the last quarter. Greenup Street Wealth Management LLC boosted its holdings in shares of Lam Research by 1.8% during the 1st quarter. Greenup Street Wealth Management LLC now owns 2,433 shares of the semiconductor company’s stock valued at $520,000 after buying an additional 44 shares in the last quarter. Triumph Capital Management boosted its holdings in shares of Lam Research by 22.5% during the 4th quarter. Triumph Capital Management now owns 245 shares of the semiconductor company’s stock valued at $42,000 after buying an additional 45 shares in the last quarter. Traphagen Investment Advisors LLC boosted its holdings in shares of Lam Research by 2.4% during the 4th quarter. Traphagen Investment Advisors LLC now owns 1,963 shares of the semiconductor company’s stock valued at $336,000 after buying an additional 46 shares in the last quarter. Finally, Sachetta LLC boosted its holdings in shares of Lam Research by 13.3% during the 1st quarter. Sachetta LLC now owns 393 shares of the semiconductor company’s stock valued at $84,000 after buying an additional 46 shares in the last quarter. Institutional investors own 84.61% of the company’s stock.

Lam Research Trading Down 3.5%

The stock has a market cap of $358.56 billion, a P/E ratio of 54.10, a PEG ratio of 2.46 and a beta of 1.81. The company has a current ratio of 2.54, a quick ratio of 1.77 and a debt-to-equity ratio of 0.35. The stock’s fifty day moving average price is $238.93 and its 200 day moving average price is $204.97.

Lam Research (NASDAQ:LRCX) last announced its earnings results on Wednesday, April 22nd. The semiconductor company reported $1.47 EPS for the quarter, beating analysts’ consensus estimates of $1.36 by $0.11. Lam Research had a net margin of 30.94% and a return on equity of 66.21%. The firm had revenue of $5.84 billion for the quarter, compared to analysts’ expectations of $5.70 billion. During the same quarter in the previous year, the business posted $1.04 EPS. The company’s quarterly 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 Corporation will post 5.67 earnings per share for the current year.

About Lam Research

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.