Lam Research (NASDAQ:LRCX) Stock Price Up 2.3% After Analyst Upgrade

Lam Research Corporation (NASDAQ:LRCX)’s share price shot up 2.3% during trading on Monday after Evercore ISI raised their price target on the stock from $170.00 to $241.00. Evercore ISI currently has an outperform rating on the stock. Lam Research traded as high as $225.35 and last traded at $222.87. 10,138,137 shares traded hands during mid-day trading, a decline of 26% from the average session volume of 13,777,654 shares. The stock had previously closed at $217.94.

Several other research firms also recently commented on LRCX. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $225.00 price objective (up previously from $175.00) on shares of Lam Research in a research note on Monday, January 12th. New Street Research raised their target price on shares of Lam Research from $140.00 to $195.00 and gave the stock a “neutral” rating in a research note on Thursday, January 22nd. Susquehanna reaffirmed a “positive” rating and set a $250.00 price target on shares of Lam Research in a report on Monday, January 12th. Wells Fargo & Company set a $250.00 price objective on shares of Lam Research and gave the stock an “overweight” rating in a research note on Thursday, January 15th. Finally, The Goldman Sachs Group restated a “buy” rating and set a $180.00 target price on shares of Lam Research in a research note on Friday, January 9th. One analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Lam Research has a consensus rating of “Moderate Buy” and a consensus target price of $202.81.

Insider Transactions at Lam Research

In other news, Director Bethany Mayer sold 1,298 shares of the firm’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $159.99, for a total transaction of $207,667.02. Following the completion of the transaction, the director owned 1,652 shares in the company, valued at $264,303.48. This trade represents a 44.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Douglas R. Bettinger sold 40,080 shares of Lam Research stock in a transaction that occurred on Friday, November 14th. The stock was 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 in the company, valued at approximately $148,677,892.20. The trade was a 3.90% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 41,408 shares of company stock valued at $6,248,501. Company insiders own 0.31% of the company’s stock.

Key Stories Impacting Lam Research

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

• Positive Sentiment: Evercore ISI raised its price target sharply to $241 and kept an “outperform” rating, giving formal analyst backing that likely supported buying interest. Evercore ISI adjusts price target on Lam Research to $241 from $170; maintains outperform rating
• Positive Sentiment: Analyst commentary (Zacks) highlights AI-driven foundry demand lifting Lam’s Systems revenues in Q2, with strong traction for advanced etch and deposition tools—an operational tailwind for near-term sales and margins. AI-Driven Foundry Demand Likely to Boost LRCX’s Systems Revenues in Q2
• Positive Sentiment: MarketBeat analysis ranks Lam among top equipment names for 2026, noting high-margin recurring revenue and recent strong top-line growth—this narrative supports investor appetite amid the AI chip cycle. Which Semiconductor Equipment Stock Has More Upside in 2026? (LRCX)
• Neutral Sentiment: Lam appeared on Benzinga’s list of names trending among investors today, indicating heightened attention and volume but not necessarily a directional fundamental change. Seagate Technology, Texas Instruments, Richtech Robotics, Corning And Lam Research: Why These 5 Stocks Are On Investors’ Radars Today
• Negative Sentiment: MSN coverage flags that China-related headwinds could weigh on Lam’s outlook—geopolitical or market softness in China remains a downside risk that could temper future guidance or order patterns. Lam Research leans on AI tailwinds as China weighs on outlook

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. PMV Capital Advisers LLC purchased a new position in shares of Lam Research in the 4th quarter worth approximately $25,000. IMG Wealth Management Inc. purchased a new position in Lam Research during the second quarter worth $26,000. Stance Capital LLC bought a new position in Lam Research during the third quarter valued at $26,000. Howard Hughes Medical Institute bought a new position in Lam Research during the second quarter valued at $27,000. Finally, Triumph Capital Management purchased a new stake in shares of Lam Research in the third quarter valued at $27,000. Hedge funds and other institutional investors own 84.61% of the company’s stock.

Lam Research Stock Up 7.0%

The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.60 and a current ratio of 2.21. The company’s fifty day moving average price is $181.49 and its 200-day moving average price is $143.70. The stock has a market cap of $299.51 billion, a P/E ratio of 52.52, a price-to-earnings-growth ratio of 2.82 and a beta of 1.77.

Lam Research Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 7th. Stockholders of record on Wednesday, December 3rd were paid a dividend of $0.26 per share. The ex-dividend date of this dividend was Wednesday, December 3rd. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.4%. Lam Research’s dividend payout ratio is currently 22.91%.

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.