Lam Research (NASDAQ:LRCX) Upgraded at Wells Fargo & Company

Wells Fargo & Company upgraded shares of Lam Research (NASDAQ:LRCX) from an equal weight rating to an overweight rating in a report released on Thursday, Marketbeat reports. They currently have $250.00 price target on the semiconductor company’s stock, up from their prior price target of $145.00.

LRCX has been the topic of several other research reports. Jefferies Financial Group reiterated a “buy” rating and set a $200.00 price objective (up previously from $175.00) on shares of Lam Research in a report on Monday, December 15th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $180.00 price target on shares of Lam Research in a research note on Friday, January 9th. Royal Bank Of Canada set a $260.00 price objective on Lam Research in a research note on Wednesday. Susquehanna restated a “positive” rating and set a $250.00 price objective on shares of Lam Research in a report on Monday, January 12th. Finally, Evercore ISI increased their target price on Lam Research from $115.00 to $170.00 and gave the stock an “outperform” rating in a report on Thursday, October 23rd. Twenty-eight research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $189.55.

Lam Research Price Performance

Shares of LRCX opened at $222.96 on Thursday. The firm has a market cap of $280.04 billion, a PE ratio of 49.11, a price-to-earnings-growth ratio of 2.56 and a beta of 1.77. Lam Research has a 52-week low of $56.32 and a 52-week high of $229.57. The business’s 50 day moving average price is $171.60 and its two-hundred day moving average price is $137.26. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.60 and a current ratio of 2.21.

Lam Research (NASDAQ:LRCX) last released its quarterly earnings data on Wednesday, October 22nd. The semiconductor company reported $1.26 earnings per share for the quarter, beating the consensus estimate of $1.22 by $0.04. Lam Research had a net margin of 29.66% and a return on equity of 60.60%. The company had revenue of $5.32 billion during the quarter, compared to analyst estimates of $5.23 billion. During the same quarter in the previous year, the business posted $0.86 EPS. Lam Research’s revenue for the quarter was up 27.7% compared to the same quarter last year. Lam Research has set its Q2 2026 guidance at 1.050-1.250 EPS. On average, equities analysts anticipate that Lam Research will post 3.71 EPS for the current year.

Lam Research Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 7th. Investors of record on Wednesday, December 3rd were given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend was Wednesday, December 3rd. Lam Research’s dividend payout ratio (DPR) is presently 22.91%.

Insider Buying and Selling

In other Lam Research news, CFO Douglas R. Bettinger sold 40,080 shares of the company’s stock in a transaction dated Friday, November 14th. The shares were sold at an average price of $150.60, for a total value of $6,036,048.00. Following the completion of the sale, the chief financial officer directly owned 987,237 shares of the company’s stock, valued at approximately $148,677,892.20. This represents a 3.90% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Bethany Mayer sold 1,298 shares of Lam Research stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $159.99, for a total transaction of $207,667.02. Following the transaction, the director directly owned 1,652 shares in the company, valued at approximately $264,303.48. This represents a 44.00% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 50,418 shares of company stock worth $7,667,305. 0.31% of the stock is owned by insiders.

Institutional Investors Weigh In On Lam Research

Several large investors have recently made changes to their positions in the business. Abound Wealth Management grew its position in Lam Research by 6.9% during the fourth quarter. Abound Wealth Management now owns 931 shares of the semiconductor company’s stock valued at $159,000 after buying an additional 60 shares during the period. McLean Asset Management Corp grew its position in shares of Lam Research by 1.3% during the 4th quarter. McLean Asset Management Corp now owns 5,099 shares of the semiconductor company’s stock valued at $873,000 after acquiring an additional 65 shares during the period. Catalyst Private Wealth LLC increased its stake in shares of Lam Research by 4.2% during the 4th quarter. Catalyst Private Wealth LLC now owns 1,658 shares of the semiconductor company’s stock worth $284,000 after purchasing an additional 67 shares during the last quarter. Gryphon Financial Partners LLC raised its holdings in shares of Lam Research by 4.0% in the 4th quarter. Gryphon Financial Partners LLC now owns 1,752 shares of the semiconductor company’s stock worth $300,000 after purchasing an additional 68 shares during the period. Finally, Gilliland Jeter Wealth Management LLC lifted its stake in Lam Research by 0.3% in the third quarter. Gilliland Jeter Wealth Management LLC now owns 26,501 shares of the semiconductor company’s stock valued at $3,548,000 after purchasing an additional 69 shares during the last quarter. 84.61% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about Lam Research

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

• Positive Sentiment: TSMC’s $52–$56 billion 2026 CapEx roadmap is highlighted as a direct driver of equipment demand for 2nm/3D chip builds — Lam Research is named specifically for cryogenic etching used in vertical stacking. The $56 Billion Draft: Follow TSMC’s CapEx Stream
• Positive Sentiment: Coverage highlighting TSMC’s $56B AI bet lists Lam among the primary beneficiaries, reinforcing the narrative that foundry CapEx flows directly to equipment suppliers. TSMC’s $56B AI Bet Just Made These 3 Stocks Millionaire Makers
• Positive Sentiment: Multiple sell‑side firms (Wells Fargo, RBC, Stifel, BofA, Rothschild/Redburn) raised ratings and price targets — several to ~$245–$250 — signaling stronger consensus forward estimates and supporting a higher valuation. Wells Fargo upgrade / The Fly
• Positive Sentiment: Industry press (Barron’s, Seeking Alpha) links broad chip-stock strength to TSMC’s spending — reinforcing sector momentum that benefits Lam as an essential equipment vendor. ASML, Lam Research, Applied Materials Surge
• Positive Sentiment: Analyst research/upgrades (Seeking Alpha write-up and Zacks pieces) increase earnings and free-cash-flow expectations based on a wafer‑fab-equipment (WFE) “supercycle,” which supports upward revisions to LRCX valuation models. Lam Research: Why The WFE Supercycle Changes The Valuation (Rating Upgrade)
• Neutral Sentiment: Momentum and style-score stories (Zacks) reiterate LRCX’s growth traits — useful for investor positioning but less likely to move price than large-capital orders or formal guidance changes. Here’s Why Lam Research (LRCX) is a Strong Growth Stock

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.