Lam Research (NASDAQ:LRCX) Price Target Raised to $290.00

Lam Research (NASDAQ:LRCX) had its price objective upped by Deutsche Bank Aktiengesellschaft from $260.00 to $290.00 in a report issued on Thursday morning, Marketbeat Ratings reports. They currently have a buy rating on the semiconductor company’s stock.

A number of other analysts have also weighed in on the stock. New Street Research upped 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. Bank of America raised their price objective on shares of Lam Research from $195.00 to $245.00 and gave the company a “buy” rating in a report on Tuesday, January 13th. Dbs Bank boosted their target price on shares of Lam Research from $119.40 to $184.20 in a research note on Monday, October 27th. Wells Fargo & Company set a $250.00 price target on Lam Research and gave the company an “overweight” rating in a research note on Thursday, January 15th. Finally, TD Cowen lifted their price target on Lam Research from $170.00 to $290.00 and gave the stock a “buy” rating in a report on Thursday. One analyst has rated the stock with a Strong Buy rating, twenty-eight have issued 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 an average price target of $238.32.

Lam Research Stock Down 5.9%

Shares of NASDAQ LRCX opened at $233.46 on Thursday. The stock has a market cap of $293.23 billion, a P/E ratio of 47.84, a PEG ratio of 3.05 and a beta of 1.77. The business’s fifty day simple moving average is $187.29 and its 200-day simple moving average is $146.33. Lam Research has a 12-month low of $56.32 and a 12-month high of $251.87. The company has a current ratio of 2.26, a quick ratio of 1.60 and a debt-to-equity ratio of 0.37.

Lam Research (NASDAQ:LRCX) last issued its quarterly earnings results on Wednesday, January 28th. The semiconductor company reported $1.27 earnings per share for the quarter, topping the consensus estimate of $1.17 by $0.10. The company 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 62.81% and a net margin of 30.22%.Lam Research’s revenue was up 22.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.91 EPS. Lam Research has set its Q3 2026 guidance at 1.250-1.450 EPS. As a group, equities analysts predict that Lam Research will post 3.71 EPS for the current fiscal year.

Lam Research Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 7th. Investors of record on Wednesday, December 3rd were given a $0.26 dividend. 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 21.31%.

Insider Buying and Selling

In other Lam Research news, 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 owned 1,652 shares of the company’s stock, valued at $264,303.48. The trade was a 44.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Douglas R. Bettinger sold 40,080 shares of the stock in a transaction that occurred 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 $148,677,892.20. The trade was a 3.90% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 41,408 shares of company stock worth $6,248,501 in the last 90 days. 0.31% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of LRCX. Sigma Planning Corp grew its position in Lam Research by 26.1% in the 4th quarter. Sigma Planning Corp now owns 26,233 shares of the semiconductor company’s stock valued at $4,513,000 after buying an additional 5,424 shares during the last quarter. New York State Teachers Retirement System lifted its stake in shares of Lam Research by 0.7% in the 4th quarter. New York State Teachers Retirement System now owns 1,074,442 shares of the semiconductor company’s stock worth $183,923,000 after acquiring an additional 6,996 shares during the period. North Star Investment Management Corp. lifted its stake in shares of Lam Research by 30.0% in the 4th quarter. North Star Investment Management Corp. now owns 334 shares of the semiconductor company’s stock worth $57,000 after acquiring an additional 77 shares during the period. Activest Wealth Management boosted its holdings in shares of Lam Research by 123.7% in the fourth quarter. Activest Wealth Management now owns 1,568 shares of the semiconductor company’s stock valued at $268,000 after acquiring an additional 867 shares in the last quarter. Finally, Laurel Wealth Advisors LLC acquired a new position in shares of Lam Research during the fourth quarter worth about $88,000. 84.61% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting Lam Research

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

• Positive Sentiment: Multiple major brokers sharply raised targets (many to $275–$300), signaling broad analyst bullishness after the quarter and suggesting upside versus earlier prices. These Analysts Boost Their Forecasts On Lam Research Following Strong Q2 Results
• Positive Sentiment: JPMorgan and Citigroup raised targets to $300 (overweight/buy), and firms including Needham, TD Cowen, Wells Fargo, Deutsche and Stifel also lifted targets — a strong institutional vote of confidence for continued AI/foundry-driven demand. Analyst target increases (Benzinga)
• Positive Sentiment: Lam beat Q2 estimates (EPS $1.27 vs. $1.17 est.; revenue $5.34B vs. $5.23B) and issued Q3 EPS guidance of $1.25–$1.45 and revenue above consensus — concrete operational drivers behind analyst upgrades. Lam Research Q2 Earnings Surpass Expectations, Revenues Rise Y/Y
• Neutral Sentiment: New Street Research raised its target to $235 but kept a neutral rating, reflecting near-term upside limited relative to recent price strength. New Street adjusts price target on Lam Research to $235
• Negative Sentiment: HSBC raised its target to $221 but maintained a “hold,” which implies downside from recent levels and highlights some analyst caution despite better results. HSBC adjusts price target on Lam Research to $221
• Negative Sentiment: Coverage notes flag valuation concerns after a large run (high P/E and steep analyst target dispersion), which may limit further upside and explains some profit‑taking. Lam Research Earnings Beat Highlights AI Demand But Raises Valuation Questions

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.