Stifel Nicolaus Boosts Lam Research (NASDAQ:LRCX) Price Target to $425.00

Lam Research (NASDAQ:LRCX) had its price target upped by research analysts at Stifel Nicolaus from $325.00 to $425.00 in a report released on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the semiconductor company’s stock. Stifel Nicolaus’ target price indicates a potential upside of 25.40% from the stock’s previous close.

Other analysts have also issued reports about the company. Wall Street Zen lowered Lam Research from a “buy” rating to a “hold” rating in a research note on Sunday, May 10th. Jefferies Financial Group boosted their target price on shares of Lam Research from $285.00 to $315.00 and gave the stock a “buy” rating in a research note on Thursday, April 23rd. Oppenheimer reissued an “outperform” rating and issued a $400.00 price target (up from $330.00) on shares of Lam Research in a report on Monday, June 15th. Erste Group Bank cut shares of Lam Research from a “buy” rating to a “hold” rating in a research report on Thursday, April 2nd. Finally, Mizuho boosted their price target on Lam Research from $380.00 to $400.00 and gave the company an “outperform” rating in a report on Thursday. Twenty-eight investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $350.81.

Lam Research Price Performance

NASDAQ:LRCX opened at $338.91 on Friday. The company has a quick ratio of 1.77, a current ratio of 2.54 and a debt-to-equity ratio of 0.35. The firm has a market cap of $423.84 billion, a PE ratio of 64.73, a price-to-earnings-growth ratio of 1.98 and a beta of 1.80. Lam Research has a 12 month low of $90.93 and a 12 month high of $438.50. The company’s 50-day moving average price is $332.86 and its two-hundred day moving average price is $263.00.

Lam Research (NASDAQ:LRCX) last posted its earnings results 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. The company had revenue of $5.84 billion during the quarter, compared to analysts’ expectations of $5.70 billion. Lam Research had a net margin of 30.94% and a return on equity of 66.21%. Lam Research’s quarterly revenue was up 23.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.04 earnings per share. Lam Research has set its Q4 2026 guidance at 1.500-1.800 EPS. On average, equities analysts anticipate that Lam Research will post 5.68 EPS for the current fiscal year.

Insider Buying and Selling at Lam Research

In other news, 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 sale, the senior vice president owned 66,129 shares of the company’s stock, valued at approximately $16,872,153.06. This trade represents a 21.55% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Ava Harter sold 6,010 shares of the company’s stock in a transaction dated Monday, April 27th. The shares were sold at an average price of $258.66, for a total transaction of $1,554,546.60. Following the completion of the transaction, the insider owned 53,205 shares in the company, valued at $13,762,005.30. This trade represents a 10.15% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 86,339 shares of company stock valued at $27,680,267 in the last ninety days. 0.31% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Lam Research

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Redhawk Wealth Advisors Inc. increased its stake in Lam Research by 808.2% during the 2nd quarter. Redhawk Wealth Advisors Inc. now owns 8,555 shares of the semiconductor company’s stock worth $3,707,000 after acquiring an additional 7,613 shares during the period. LVM Capital Management Ltd. MI bought a new stake in shares of Lam Research during the 2nd quarter valued at $217,000. Fulton Bank N.A. grew its holdings in shares of Lam Research by 14.3% during the 2nd quarter. Fulton Bank N.A. now owns 20,019 shares of the semiconductor company’s stock worth $8,675,000 after purchasing an additional 2,500 shares in the last quarter. Paladin Wealth LLC grew its holdings in shares of Lam Research by 3.1% during the 2nd quarter. Paladin Wealth LLC now owns 3,682 shares of the semiconductor company’s stock worth $1,595,000 after purchasing an additional 109 shares in the last quarter. Finally, Kraft Davis & Associates LLC increased its position in shares of Lam Research by 10.6% in the second quarter. Kraft Davis & Associates LLC now owns 1,781 shares of the semiconductor company’s stock worth $772,000 after purchasing an additional 170 shares during the period. 84.61% of the stock is currently owned by institutional investors and hedge funds.

Lam Research News Roundup

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

• Positive Sentiment: Mizuho raised its price target on Lam Research to $400 and kept an outperform rating, reinforcing bullish sentiment around the stock. Benzinga report on Mizuho target increase
• Positive Sentiment: Needham raised its price target to $390 from $300 and reiterated a buy rating, adding to the case for further upside. Benzinga report on Needham target increase
• Positive Sentiment: Morgan Stanley maintained a buy rating with a $404 target, citing ongoing outperformance and structural share gains. TipRanks article on Morgan Stanley reiteration
• Positive Sentiment: Investor focus is also being supported by the broader AI semiconductor backdrop, including optimism that chipmakers’ spending on advanced manufacturing tools will continue to benefit Lam Research. Barron’s article on Meta chip plans
• Neutral Sentiment: Lam Research announced it will host its June quarter financial conference call on July 29, which keeps investors focused on upcoming results but does not itself change fundamentals. PR Newswire conference call announcement

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.