Lam Research (NASDAQ:LRCX) Price Target Cut to $360.00 by Analysts at Mizuho

Lam Research (NASDAQ:LRCX) had its price objective reduced by investment analysts at Mizuho from $365.00 to $360.00 in a research note issued on Thursday, Benzinga reports. The firm currently has an “outperform” rating on the semiconductor company’s stock. Mizuho’s target price would suggest a potential upside of 38.03% from the company’s current price.

Other equities research analysts have also recently issued research reports about the stock. TD Cowen reissued a “buy” rating and set a $400.00 target price (up from $340.00) on shares of Lam Research in a research report on Thursday, July 9th. Susquehanna reaffirmed a “positive” rating and issued a $475.00 price target (up from $385.00) on shares of Lam Research in a report on Tuesday, June 30th. Jefferies Financial Group set a $335.00 price target on Lam Research and gave the stock a “buy” rating in a research report on Thursday, July 30th. Zacks Research upgraded Lam Research from a “hold” rating to a “strong-buy” rating in a report on Friday, July 17th. Finally, Needham & Company LLC lowered their price objective on Lam Research from $390.00 to $290.00 and set a “buy” rating for the company in a research report on Thursday. One investment 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 stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $361.68.

Lam Research Stock Performance

LRCX stock opened at $260.81 on Thursday. Lam Research has a one year low of $135.50 and a one year high of $438.50. The firm has a market cap of $326.38 billion, a price-to-earnings ratio of 45.28, a PEG ratio of 0.96 and a beta of 1.85. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.91 and a current ratio of 2.63. The firm has a 50-day simple moving average of $306.08 and a two-hundred day simple moving average of $309.80.

Lam Research (NASDAQ:LRCX) last issued its quarterly earnings data on Wednesday, October 21st. The semiconductor company reported $2.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.18 by $0.02. The firm had revenue of $8.22 billion for the quarter, compared to the consensus estimate of $8.14 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 54.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.26 EPS. On average, equities analysts forecast that Lam Research will post 9.35 EPS for the current fiscal year.

Insider Buying and Selling at Lam Research

In other news, insider Ava Harter sold 5,000 shares of Lam Research stock in a transaction dated Monday, August 31st. The shares were sold at an average price of $302.46, for a total value of $1,512,300.00. Following the sale, the insider owned 42,462 shares in the company, valued at $12,843,056.52. This trade represents a 10.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Bethany Mayer sold 9,557 shares of the business’s stock in a transaction dated Wednesday, September 9th. The stock was sold at an average price of $314.74, for a total transaction of $3,007,970.18. Following the sale, the director directly owned 20,995 shares of the company’s stock, valued at $6,607,966.30. This represents a 31.28% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.31% of the company’s stock.

Hedge Funds Weigh In On Lam Research

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Paladin Partners LLC acquired a new stake in shares of Lam Research in the second quarter worth approximately $26,000. Dakota Community Bank & Trust NA purchased a new position in Lam Research in the 3rd quarter valued at $33,000. Quintet Private Bank Europe S.A. boosted its stake in Lam Research by 100.0% during the 3rd quarter. Quintet Private Bank Europe S.A. now owns 100 shares of the semiconductor company’s stock worth $33,000 after purchasing an additional 50 shares during the last quarter. Bravera Wealth acquired a new stake in Lam Research during the 2nd quarter worth $46,000. Finally, Cedar Mountain Advisors LLC boosted its stake in Lam Research by 242.9% during the 1st quarter. Cedar Mountain Advisors LLC now owns 120 shares of the semiconductor company’s stock worth $26,000 after purchasing an additional 85 shares during the last quarter. Hedge funds and other institutional investors own 84.61% of the company’s stock.

More Lam Research News

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

• Positive Sentiment: Lam Research reported fiscal Q1 revenue of $8.22 billion, up 54.4% year over year, and adjusted earnings of $2.20 per share. Both figures narrowly exceeded Wall Street expectations of $8.14 billion and $2.18 per share. Lam Research financial results
• Positive Sentiment: Management guided for approximately $8.6 billion in next-quarter revenue, broadly in line with analyst forecasts, while continuing to see strong demand from AI infrastructure and memory-chip customers. Lam Research results and guidance
• Positive Sentiment: Longer-term growth opportunities include expected cumulative Aether dry-resist revenue of $2.5 billion and more than 30% annual growth in the Customer Support Business Group. Lam Research long-term investor takeaways
• Neutral Sentiment: The earnings beat was relatively small, and the next-quarter outlook largely matched expectations rather than raising forecasts. That limited the potential for a positive surprise after the stock’s substantial prior rally. Lam Research outlook
• Negative Sentiment: Supply constraints are preventing Lam from fully converting demand into sales, while management expects China’s revenue contribution to fall substantially from 35% in September. These issues raise concerns about near-term growth and regional exposure. Lam Research supply and China update
• Negative Sentiment: The results reignited fears that AI infrastructure spending and semiconductor capital expenditures may not justify elevated expectations. The weakness has spread across chip stocks, making LRCX’s decline partly sector-driven. Chip stock rebound and AI spending fears

About Lam Research

Lam Research Corporation (NASDAQ:LRCX) is a semiconductor equipment company that develops and manufactures systems used to fabricate integrated circuits. Its technologies support key stages of wafer processing, helping semiconductor manufacturers create the increasingly complex structures found in memory, logic and other types of chips.

The company’s product portfolio includes etch systems, which selectively remove materials from wafers; deposition systems, which apply thin films; and cleaning solutions used to remove contaminants and residue during manufacturing.