Lam Research (NASDAQ:LRCX) Price Target Raised to $390.00

Lam Research (NASDAQ:LRCX) had its price objective raised by B. Riley Financial from $350.00 to $390.00 in a research note issued on Thursday, Benzinga reports. The firm currently has a “buy” rating on the semiconductor company’s stock. B. Riley Financial’s price target points to a potential upside of 18.72% from the stock’s previous close.

Other research analysts also recently issued reports about the stock. HSBC reaffirmed a “hold” rating and issued a $333.00 target price on shares of Lam Research in a research report on Monday, July 27th. Weiss Ratings downgraded Lam Research from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, September 4th. Susquehanna reaffirmed a “positive” rating and issued a $475.00 price objective (up from $385.00) on shares of Lam Research in a report on Tuesday, June 30th. Berenberg Bank set a $420.00 target price on shares of Lam Research in a research report on Wednesday, September 9th. Finally, Oppenheimer restated an “outperform” rating and issued a $400.00 price target (up from $330.00) on shares of Lam Research in a research report on Monday, June 15th. One analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $363.14.

Lam Research Price Performance

LRCX stock opened at $328.51 on Thursday. Lam Research has a 1 year low of $131.02 and a 1 year high of $438.50. The firm has a market capitalization of $411.10 billion, a P/E ratio of 57.03, a P/E/G ratio of 1.28 and a beta of 1.85. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.63 and a quick ratio of 1.91. The business’s 50-day moving average is $304.85 and its two-hundred day moving average is $301.04.

Lam Research (NASDAQ:LRCX) last announced its quarterly earnings data on Wednesday, July 29th. The semiconductor company reported $1.82 EPS for the quarter, beating analysts’ consensus estimates of $1.69 by $0.13. The company had revenue of $6.72 billion for the quarter, compared to the consensus estimate of $6.66 billion. Lam Research had a net margin of 31.27% and a return on equity of 67.60%. The company’s quarterly revenue was up 30.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.33 EPS. Lam Research has set its Q1 2027 guidance at 2.000-2.300 EPS. Analysts anticipate that Lam Research will post 9.32 earnings per share for the current fiscal year.

Insider Activity at Lam Research

In related news, Director Bethany Mayer sold 9,557 shares of the company’s stock in a transaction that occurred on Wednesday, September 9th. The shares were sold at an average price of $314.74, for a total transaction of $3,007,970.18. Following the transaction, the director owned 20,995 shares of the company’s stock, valued at approximately $6,607,966.30. This represents a 31.28% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Ava Harter sold 5,000 shares of Lam Research stock in a transaction that occurred on Monday, August 31st. The stock was sold at an average price of $302.46, for a total transaction of $1,512,300.00. Following the completion of the sale, the insider directly owned 42,462 shares of the company’s stock, valued at $12,843,056.52. The trade was a 10.53% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 32,839 shares of company stock valued at $10,644,740. Company insiders own 0.31% of the company’s stock.

Hedge Funds Weigh In On Lam Research

Hedge funds and other institutional investors have recently modified their holdings of the company. World Equity Group Inc. grew its stake in Lam Research by 0.5% during the second quarter. World Equity Group Inc. now owns 5,576 shares of the semiconductor company’s stock worth $2,416,000 after buying an additional 29 shares during the period. Tenzing Financial LLC boosted its stake in shares of Lam Research by 3.5% in the second quarter. Tenzing Financial LLC now owns 1,018 shares of the semiconductor company’s stock valued at $441,000 after purchasing an additional 34 shares during the period. Advus Financial Partners LLC grew its holdings in Lam Research by 1.0% during the 2nd quarter. Advus Financial Partners LLC now owns 3,578 shares of the semiconductor company’s stock valued at $1,550,000 after purchasing an additional 34 shares in the last quarter. Paragon Private Wealth Management LLC increased its stake in Lam Research by 1.3% during the 2nd quarter. Paragon Private Wealth Management LLC now owns 2,719 shares of the semiconductor company’s stock worth $1,178,000 after buying an additional 35 shares during the period. Finally, Gibraltar Capital Management Inc. increased its stake in Lam Research by 3.6% during the 2nd quarter. Gibraltar Capital Management Inc. now owns 1,050 shares of the semiconductor company’s stock worth $455,000 after buying an additional 36 shares during the period. 84.61% of the stock is owned by institutional investors and hedge funds.

About Lam Research

Lam Research Corporation is a semiconductor equipment company that designs, manufactures, and services systems used in the fabrication of integrated circuits and other electronic devices. Its equipment supports key steps in the wafer manufacturing process, helping semiconductor producers create increasingly small and complex features on silicon wafers.

The company’s portfolio includes systems for etch, deposition, wafer cleaning, surface preparation, and related manufacturing processes.