JPMorgan Chase & Co. Issues Positive Forecast for Lam Research (NASDAQ:LRCX) Stock Price

Lam Research (NASDAQ:LRCX) had its target price increased by investment analysts at JPMorgan Chase & Co. from $165.00 to $300.00 in a research report issued on Thursday,Benzinga reports. The firm currently has an “overweight” rating on the semiconductor company’s stock. JPMorgan Chase & Co.‘s price target indicates a potential upside of 23.67% from the stock’s current price.

Several other research firms also recently issued reports on LRCX. KeyCorp restated a “sector weight” rating on shares of Lam Research in a report on Thursday. Oppenheimer reiterated an “outperform” rating and set a $265.00 price target on shares of Lam Research in a research note on Thursday. Cantor Fitzgerald reiterated an “overweight” rating and issued a $320.00 price objective (up from $265.00) on shares of Lam Research in a research note on Thursday. Stifel Nicolaus boosted their target price on shares of Lam Research from $250.00 to $280.00 and gave the company a “buy” rating in a research note on Thursday. Finally, TD Cowen increased their price target on Lam Research from $170.00 to $290.00 and gave the stock a “buy” rating in a research report on Thursday. One research analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $233.49.

Lam Research Stock Up 1.3%

LRCX stock traded up $3.00 during midday trading on Thursday, reaching $242.58. The company had a trading volume of 8,068,551 shares, compared to its average volume of 13,463,196. The company has a 50 day moving average of $183.31 and a two-hundred day moving average of $144.37. 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 has a 1 year low of $56.32 and a 1 year high of $251.38. The company has a market capitalization of $304.69 billion, a P/E ratio of 53.55, a PEG ratio of 3.01 and a beta of 1.77.

Lam Research (NASDAQ:LRCX) last announced its quarterly earnings results on Wednesday, January 28th. The semiconductor company reported $1.27 EPS 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 analyst estimates of $5.23 billion. Lam Research had a net margin of 29.66% and a return on equity of 60.60%. Lam Research’s quarterly revenue was up 22.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.91 EPS. Lam Research has set its Q3 2026 guidance at 1.250-1.450 EPS. On average, equities research analysts expect that Lam Research will post 3.71 earnings per share for the current fiscal year.

Insider Buying and Selling at Lam Research

In related news, CFO Douglas R. Bettinger sold 40,080 shares of Lam Research 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 in the company, valued at $148,677,892.20. This trade represents a 3.90% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Bethany Mayer sold 1,298 shares of Lam Research stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $159.99, for a total value of $207,667.02. Following the sale, the director directly owned 1,652 shares of the company’s stock, 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 three months, insiders sold 41,408 shares of company stock valued at $6,248,501. Corporate insiders own 0.31% of the company’s stock.

Institutional Investors Weigh In On Lam Research

A number of institutional investors and hedge funds have recently modified their holdings of the company. Sava Infond d.o.o. lifted its holdings in Lam Research by 3.1% in the second quarter. Sava Infond d.o.o. now owns 75,250 shares of the semiconductor company’s stock worth $7,325,000 after purchasing an additional 2,250 shares during the period. First Citizens Bank & Trust Co. raised its position in shares of Lam Research by 8.0% during the 3rd quarter. First Citizens Bank & Trust Co. now owns 140,433 shares of the semiconductor company’s stock worth $18,804,000 after buying an additional 10,408 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its stake in shares of Lam Research by 30.9% in the 3rd quarter. Oregon Public Employees Retirement Fund now owns 144,656 shares of the semiconductor company’s stock worth $19,369,000 after acquiring an additional 34,147 shares during the period. Horizon Bancorp Inc. IN bought a new position in shares of Lam Research in the second quarter valued at approximately $389,000. Finally, Truist Financial Corp increased its stake in shares of Lam Research by 119.6% during the third quarter. Truist Financial Corp now owns 1,676,637 shares of the semiconductor company’s stock valued at $224,502,000 after acquiring an additional 913,009 shares during the period. Institutional investors and hedge funds own 84.61% of the company’s stock.

Trending Headlines about Lam Research

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

• Positive Sentiment: Q2 results beat consensus: Lam reported $1.27 EPS vs. $1.17 expected and revenue of $5.34B (up ~22% Y/Y); management set Q3 EPS guidance above consensus and guided revenue above Street expectations — the core driver of the rally. Read More.
• Positive Sentiment: Analysts raise targets and upgrade ratings after the beat and strong outlook — multiple firms (Wells Fargo, Deutsche, Needham, TD Cowen, Stifel, Summit Insights) lifted price targets and/or ratings, signaling consensus bullishness on near‑term demand and AI-related content gains. Read More.
• Positive Sentiment: Market commentary frames the quarter as “extraordinarily bullish” (Barron’s) and media/TV pundits highlight tight demand for Lam’s tools, supporting a durable demand narrative tied to AI, foundry and NAND investment cycles. Read More.
• Neutral Sentiment: Deeper metric checks and transcript coverage are available for investors who want drill‑down detail on bookings, customer mix and margins — useful for confirming whether the beat is broad‑based or concentrated in specific product lines. Read More.
• Negative Sentiment: Valuation and pullback risk: some analysts and outlets warn LRCX’s rapid run (shares well above prior levels) raises valuation questions and increases susceptibility to sharp corrections if execution or demand softens. Read More.
• Negative Sentiment: Geopolitical/China exposure flagged as a watch item — China demand and supply‑chain/regulatory dynamics could temper upside or add volatility to future quarters. Read More.

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.