B. Riley Financial Issues Positive Forecast for Lam Research (NASDAQ:LRCX) Stock Price

Lam Research (NASDAQ:LRCX) had its price target increased by B. Riley Financial from $350.00 to $375.00 in a research report sent to investors on Tuesday, Marketbeat.com reports. B. Riley Financial currently has a buy rating on the semiconductor company’s stock.

A number of other research analysts have also recently issued reports on the stock. New Street Research raised their price target on shares of Lam Research from $235.00 to $280.00 and gave the stock a “neutral” rating in a report on Monday, April 27th. Citic Securities raised their price target on shares of Lam Research from $165.00 to $275.00 and gave the stock a “buy” rating in a report on Friday, January 30th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $290.00 price target on shares of Lam Research in a report on Thursday, April 23rd. HSBC raised their price target on shares of Lam Research from $221.00 to $247.00 and gave the stock a “hold” rating in a report on Friday, April 24th. Finally, Bank of America raised their price target on shares of Lam Research from $285.00 to $330.00 and gave the stock a “buy” rating in a report on Thursday, April 23rd. Twenty-six analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $291.75.

Lam Research Price Performance

Shares of LRCX opened at $289.24 on Tuesday. The company has a market cap of $361.72 billion, a price-to-earnings ratio of 54.57, a price-to-earnings-growth ratio of 2.45 and a beta of 1.81. Lam Research has a twelve month low of $79.49 and a twelve month high of $300.00. The company has a quick ratio of 1.77, a current ratio of 2.54 and a debt-to-equity ratio of 0.35. The company has a 50 day moving average of $242.07 and a two-hundred day moving average of $208.13.

Lam Research (NASDAQ:LRCX) last announced its earnings results on Wednesday, April 22nd. The semiconductor company reported $1.47 earnings per share for the quarter, beating the consensus estimate of $1.36 by $0.11. The company had revenue of $5.84 billion during the quarter, compared to the consensus estimate of $5.70 billion. Lam Research had a net margin of 30.94% and a return on equity of 66.21%. Lam Research’s revenue was up 23.8% compared to the same quarter last year. During the same period last year, the firm earned $1.04 earnings per share. Lam Research has set its Q4 2026 guidance at 1.500-1.800 EPS. As a group, analysts predict that Lam Research will post 5.67 earnings per share for the current fiscal year.

Insider Activity at Lam Research

In related news, insider Ava Harter sold 6,010 shares of the firm’s stock in a transaction on Monday, April 27th. The shares were sold at an average price of $258.66, for a total transaction of $1,554,546.60. Following the sale, the insider owned 53,205 shares in the company, valued at approximately $13,762,005.30. This trade represents a 10.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Douglas R. Bettinger sold 50,057 shares of the firm’s stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $224.03, for a total transaction of $11,214,269.71. Following the sale, the chief financial officer owned 1,081,705 shares in the company, valued at approximately $242,334,371.15. This represents a 4.42% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 120,066 shares of company stock worth $27,953,242. 0.31% of the stock is owned by company insiders.

Institutional Trading of Lam Research

Several hedge funds and other institutional investors have recently added to or reduced their stakes in LRCX. Valued Wealth Advisors LLC grew its position in shares of Lam Research by 7.9% in the first quarter. Valued Wealth Advisors LLC now owns 589 shares of the semiconductor company’s stock valued at $126,000 after purchasing an additional 43 shares during the period. Greenup Street Wealth Management LLC grew its position in shares of Lam Research by 1.8% in the first quarter. Greenup Street Wealth Management LLC now owns 2,433 shares of the semiconductor company’s stock valued at $520,000 after purchasing an additional 44 shares during the period. Triumph Capital Management grew its position in shares of Lam Research by 22.5% in the fourth quarter. Triumph Capital Management now owns 245 shares of the semiconductor company’s stock valued at $42,000 after purchasing an additional 45 shares during the period. Traphagen Investment Advisors LLC grew its position in shares of Lam Research by 2.4% in the fourth quarter. Traphagen Investment Advisors LLC now owns 1,963 shares of the semiconductor company’s stock valued at $336,000 after purchasing an additional 46 shares during the period. Finally, Sachetta LLC grew its position in shares of Lam Research by 13.3% in the first quarter. Sachetta LLC now owns 393 shares of the semiconductor company’s stock valued at $84,000 after purchasing an additional 46 shares during the period. Institutional investors and hedge funds own 84.61% of the company’s stock.

Key Headlines Impacting Lam Research

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

• Positive Sentiment: B. Riley raised its price target on Lam Research to $375 from $350 and reiterated a Buy rating, signaling further upside as analysts see strong execution and demand momentum.
• Positive Sentiment: Seaport Research initiated coverage with a Buy rating and a $300 target, citing Lam Research’s favorable positioning as wafer fabrication investment strengthens.
• Positive Sentiment: Multiple articles highlighted Lam Research’s gross margin nearing 50%, with guidance implying about 50.5%, suggesting strong pricing power and efficient operations amid AI-related demand.
• Positive Sentiment: Coverage around the memory-chip shortage noted that tighter supply is pushing customers to invest more in equipment and infrastructure, which could support orders for Lam Research tools.
• Positive Sentiment: Recent commentary also pointed to rising AI infrastructure spending, advanced packaging demand, and foundry expansion as broader tailwinds for semiconductor equipment names like LRCX.
• Neutral Sentiment: Lam Research has also been featured in several valuation and “top stock” pieces, reinforcing positive sentiment but not adding new company-specific fundamentals.

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.