Wells Fargo & Company Issues Positive Forecast for Lam Research (NASDAQ:LRCX) Stock Price

Lam Research (NASDAQ:LRCX) had its target price lifted by Wells Fargo & Company from $250.00 to $290.00 in a research note published on Thursday, MarketBeat reports. Wells Fargo & Company currently has an overweight rating on the semiconductor company’s stock.

Other equities analysts also recently issued research reports about the stock. Needham & Company LLC increased their price target on shares of Lam Research from $250.00 to $300.00 and gave the company a “buy” rating in a report on Thursday. Susquehanna set a $325.00 target price on shares of Lam Research and gave the company a “positive” rating in a report on Thursday. Weiss Ratings reiterated a “buy (b)” rating on shares of Lam Research in a research report on Monday, December 29th. BNP Paribas Exane upped their price target on Lam Research from $80.00 to $140.00 and gave the stock a “neutral” rating in a report on Thursday, October 23rd. Finally, Stifel Nicolaus raised their price objective on Lam Research from $160.00 to $250.00 and gave the company a “buy” rating in a research note on Wednesday, January 14th. One investment analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $234.55.

Lam Research Stock Performance

NASDAQ LRCX opened at $248.17 on Thursday. The stock has a market capitalization of $311.71 billion, a price-to-earnings ratio of 50.85, a PEG ratio of 3.03 and a beta of 1.77. The business’s 50 day moving average is $185.48 and its two-hundred day moving average is $145.09. Lam Research has a 12-month low of $56.32 and a 12-month high of $251.38. The company has a current ratio of 2.21, a quick ratio of 1.60 and a debt-to-equity ratio of 0.37.

Lam Research (NASDAQ:LRCX) last posted its quarterly earnings results on Wednesday, January 28th. The semiconductor company reported $1.27 earnings per share for the quarter, beating analysts’ consensus estimates of $1.17 by $0.10. The firm had revenue of $5.34 billion for the quarter, compared to the consensus estimate of $5.23 billion. Lam Research had a return on equity of 63.28% and a net margin of 30.22%.The company’s revenue for the quarter was up 22.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.91 earnings per share. Lam Research has set its Q3 2026 guidance at 1.250-1.450 EPS. Research analysts expect that Lam Research will post 3.71 EPS for the current year.

Lam Research Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 7th. Investors 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 (DPR) is presently 21.31%.

Insider Transactions at Lam Research

In other news, Director Bethany Mayer sold 1,298 shares of Lam Research stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $159.99, for a total transaction of $207,667.02. Following the completion of the sale, the director directly owned 1,652 shares in the company, valued at $264,303.48. The trade was a 44.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Douglas R. Bettinger sold 40,080 shares of Lam Research stock in a transaction on 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 disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 41,408 shares of company stock worth $6,248,501. 0.31% of the stock is owned by insiders.

Institutional Trading of Lam Research

Institutional investors have recently added to or reduced their stakes in the business. PMV Capital Advisers LLC purchased a new position in Lam Research in the 4th quarter valued at about $25,000. Stance Capital LLC purchased a new position in Lam Research in the third quarter valued at about $26,000. Triumph Capital Management acquired a new stake in Lam Research during the 3rd quarter valued at approximately $27,000. Harbor Investment Advisory LLC increased its holdings in Lam Research by 73.9% during the 4th quarter. Harbor Investment Advisory LLC now owns 240 shares of the semiconductor company’s stock worth $41,000 after purchasing an additional 102 shares during the last quarter. Finally, WealthCollab LLC raised its position in shares of Lam Research by 29.3% in the 4th quarter. WealthCollab LLC now owns 243 shares of the semiconductor company’s stock valued at $42,000 after purchasing an additional 55 shares in the last quarter. 84.61% of the stock is 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: Q2 results beat expectations — EPS $1.27 vs. $1.17 est., revenue $5.34B (+22% Y/Y); company issued stronger-than-expected Q3 revenue and EPS guidance. PR News Release
• Positive Sentiment: Management pointed to robust AI-driven demand and higher bookings, prompting commentary that the quarter was “extraordinarily bullish” from some outlets — supportive for near-term revenue visibility. Barron’s: Why Earnings Were ‘Extraordinarily Bullish’
• Positive Sentiment: Large wave of analyst price-target increases and upgrades after results (JPMorgan, Citi, UBS, Wells Fargo, Deutsche Bank, Stifel, Needham, TD Cowen, Summit upgrades), reflecting consensus optimism on demand and execution. Benzinga roundup of analyst boosts
• Positive Sentiment: High-profile bull commentary (Jim Cramer) highlighting structural shortage/strong demand for Lam’s tools — supports momentum and retail/institutional interest. InsiderMonkey: Jim Cramer on Lam Research
• Neutral Sentiment: Deep-dive coverage and investor takeaways highlight expansion plans and capex exposure as Lam scales production to meet wafer-equipment demand — positive for growth but capex cadence can fluctuate results. Yahoo Finance: LRCX Q4 Deep Dive
• Negative Sentiment: Valuation questions: coverage notes and some analysts caution about elevated multiples after the rally; Forbes flags the stock’s history of sharp pullbacks — risk of volatility despite strong results. Forbes: Record Highs May Face Reality Check
• Negative Sentiment: One analyst (Morgan Stanley) keeps an equal-weight rating with a lower target vs. several bullish upgrades — a reminder not all houses are uniformly bullish and limiting near-term upside for cautious funds. Benzinga: Morgan Stanley note

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.