Lam Research (NASDAQ:LRCX) Price Target Raised to $335.00 at Berenberg Bank

Lam Research (NASDAQ:LRCX) had its price target boosted by Berenberg Bank from $265.00 to $335.00 in a report released on Thursday morning,MarketScreener reports. The brokerage currently has a buy rating on the semiconductor company’s stock.

Several other equities research analysts also recently commented on LRCX. The Goldman Sachs Group reissued a “buy” rating and set a $290.00 target price on shares of Lam Research in a research report on Thursday. Wells Fargo & Company boosted their target price on shares of Lam Research from $250.00 to $290.00 and gave the stock an “overweight” rating in a research report on Thursday, January 29th. Oppenheimer reissued an “outperform” rating and set a $265.00 target price on shares of Lam Research in a research report on Thursday, January 29th. Mizuho set a $265.00 target price on shares of Lam Research in a research report on Wednesday, January 28th. Finally, Citic Securities boosted their target price on shares of Lam Research from $165.00 to $275.00 and gave the stock a “buy” rating in a research report on Friday, January 30th. Twenty-six analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $281.78.

Lam Research Price Performance

LRCX stock opened at $258.56 on Thursday. The stock has a market capitalization of $322.88 billion, a PE ratio of 48.78, a price-to-earnings-growth ratio of 2.83 and a beta of 1.78. The company’s 50-day moving average is $234.34 and its 200-day moving average is $197.02. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.26 and a quick ratio of 1.61. Lam Research has a 1 year low of $67.55 and a 1 year high of $273.50.

Lam Research (NASDAQ:LRCX) last released its quarterly earnings data on Wednesday, April 22nd. The semiconductor company reported $1.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.36 by $0.11. The company had revenue of $5.84 billion for 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 67.07%. The business’s revenue was up 23.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.04 EPS. Lam Research has set its Q4 2026 guidance at 1.500-1.800 EPS. Equities research analysts expect that Lam Research will post 5.29 EPS for the current fiscal year.

Lam Research Dividend Announcement

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

Insider Buying and Selling

In related news, CFO Douglas R. Bettinger sold 50,057 shares of the business’s stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $224.03, for a total transaction of $11,214,269.71. Following the transaction, the chief financial officer directly owned 1,081,705 shares in the company, valued at approximately $242,334,371.15. The trade was a 4.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Ava Harter sold 4,000 shares of the business’s stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $232.50, for a total transaction of $930,000.00. Following the transaction, the insider owned 54,705 shares in the company, valued at approximately $12,718,912.50. This trade represents a 6.81% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 130,886 shares of company stock worth $29,658,802. 0.31% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Global Trust Asset Management LLC boosted its holdings in Lam Research by 0.6% during the first quarter. Global Trust Asset Management LLC now owns 10,702 shares of the semiconductor company’s stock worth $2,286,000 after purchasing an additional 60 shares during the last quarter. iA Global Asset Management Inc. boosted its holdings in Lam Research by 19.6% during the first quarter. iA Global Asset Management Inc. now owns 266,175 shares of the semiconductor company’s stock worth $56,871,000 after purchasing an additional 43,615 shares during the last quarter. First Pacific Financial boosted its holdings in Lam Research by 11.3% during the first quarter. First Pacific Financial now owns 1,907 shares of the semiconductor company’s stock worth $407,000 after purchasing an additional 194 shares during the last quarter. MQS Management LLC purchased a new position in Lam Research during the first quarter worth about $221,000. Finally, Eagle Wealth Advisors LLC boosted its holdings in Lam Research by 28.9% during the first quarter. Eagle Wealth Advisors LLC now owns 4,716 shares of the semiconductor company’s stock worth $1,009,000 after purchasing an additional 1,056 shares during the last quarter. 84.61% of the stock is currently owned by hedge funds and other institutional investors.

Lam Research News Roundup

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

• Positive Sentiment: Q3 beat and upbeat guidance — Lam reported $1.47 EPS and $5.84B revenue (both above expectations) and issued FYQ4 EPS guidance of $1.50–1.80 and revenue guidance above consensus, underpinning the bullish case on AI-driven equipment demand. Press Release
• Positive Sentiment: Wall Street raises targets — Dozens of firms raised price targets and kept buy/overweight ratings (e.g., JPMorgan, BofA, Bernstein, TD Cowen, Susquehanna), signaling renewed analyst conviction in a multi-year wafer‑fab equipment cycle. JPMorgan Target Coverage
• Positive Sentiment: AI / memory tailwinds — Coverage and commentary highlight AI-driven demand (incl. record support sales and memory/DRAM tightness) as a structural revenue and margin driver for Lam’s tools. Deep Dive
• Neutral Sentiment: Analyst detail & metrics — Earnings coverage (Zacks, Seeking Alpha transcripts, slide deck) gives deeper look at backlog, margins and inventory improvements; useful for modeling but not immediately directional. Zacks Analysis
• Neutral Sentiment: Industry supply commentary — Analysts and industry voices (SemiAnalysis) argue DRAM and AI demand could outpace capacity, which supports long‑term demand but also increases cyclicality and capex timing uncertainty. DRAM Demand Article
• Negative Sentiment: Valuation concerns / profit‑taking — Several pieces question whether the run (roughly +300% Y/Y) has priced in too much; some investors are trimming positions given rich multiples and rapid price appreciation. Is It Too Late?
• Negative Sentiment: Analyst caution on price vs. fundamentals — Commentary like Seeking Alpha’s note flags the AI upcycle but argues the stock may be expensive relative to expected returns, a reason for near‑term downside pressure. SA Valuation Piece

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.