HSBC Forecasts Strong Price Appreciation for Lam Research (NASDAQ:LRCX) Stock

Lam Research (NASDAQ:LRCX) had its target price lifted by investment analysts at HSBC from $181.00 to $221.00 in a research report issued on Friday,MarketScreener reports. The brokerage currently has a “hold” rating on the semiconductor company’s stock. HSBC’s price target points to a potential downside of 10.95% from the company’s current price.

A number of other analysts have also issued reports on LRCX. Dbs Bank boosted their price target on Lam Research from $119.40 to $184.20 in a report on Monday, October 27th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $290.00 target price (up from $260.00) on shares of Lam Research in a research report on Thursday. Citigroup increased their price target on Lam Research from $265.00 to $300.00 and gave the stock a “buy” rating in a research report on Thursday. Rothschild & Co Redburn lifted their price objective on Lam Research from $150.00 to $225.00 and gave the company a “buy” rating in a report on Tuesday, January 13th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on shares of Lam Research from $260.00 to $290.00 and gave the stock a “buy” rating in a research note on Thursday. One research analyst has rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, Lam Research currently has a consensus rating of “Moderate Buy” and an average target price of $238.32.

Lam Research Stock Performance

LRCX stock opened at $248.17 on Friday. Lam Research has a twelve month low of $56.32 and a twelve month high of $251.38. The firm has a market cap 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 fifty day simple moving average is $185.48 and its two-hundred day simple moving average is $145.09. The company has a quick ratio of 1.60, a current ratio of 2.21 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 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 the consensus estimate of $5.23 billion. Lam Research had a net margin of 30.22% and a return on equity of 63.28%. The firm’s revenue was up 22.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.91 EPS. Lam Research has set its Q3 2026 guidance at 1.250-1.450 EPS. Analysts predict that Lam Research will post 3.71 earnings per share for the current year.

Insider Buying and Selling at Lam Research

In other Lam Research news, Director Bethany Mayer sold 1,298 shares of the 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 completion of the sale, the director directly owned 1,652 shares in the company, valued at approximately $264,303.48. This trade represents a 44.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Douglas R. Bettinger sold 40,080 shares of the business’s stock in a transaction dated 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 sale, the chief financial officer owned 987,237 shares in the company, valued at $148,677,892.20. The trade was a 3.90% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 41,408 shares of company stock valued at $6,248,501. Company insiders own 0.31% of the company’s stock.

Institutional Trading of Lam Research

Large investors have recently bought and sold shares of the stock. Traphagen Investment Advisors LLC increased its position in shares of Lam Research by 2.4% in the 4th quarter. Traphagen Investment Advisors LLC now owns 1,963 shares of the semiconductor company’s stock valued at $336,000 after acquiring an additional 46 shares during the period. Field & Main Bank increased its holdings in shares of Lam Research by 1.1% in the fourth quarter. Field & Main Bank now owns 4,615 shares of the semiconductor company’s stock valued at $790,000 after purchasing an additional 50 shares during the period. Capital Advisors Ltd. LLC increased its holdings in shares of Lam Research by 1.1% in the fourth quarter. Capital Advisors Ltd. LLC now owns 4,646 shares of the semiconductor company’s stock valued at $795,000 after purchasing an additional 51 shares during the period. Global Financial Private Client LLC lifted its holdings in shares of Lam Research by 0.5% during the fourth quarter. Global Financial Private Client LLC now owns 11,037 shares of the semiconductor company’s stock worth $1,889,000 after purchasing an additional 52 shares during the period. Finally, WealthCollab LLC boosted its position in Lam Research by 29.3% in the fourth quarter. WealthCollab LLC now owns 243 shares of the semiconductor company’s stock valued at $42,000 after buying an additional 55 shares during the last quarter. Hedge funds and other institutional investors own 84.61% of the company’s stock.

Key Lam Research News

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

• Positive Sentiment: Q2 results beat and upbeat Q3 guide — Lam reported $1.27 EPS vs. $1.17 est. and $5.34B revenue vs. $5.23B est.; management guided Q3 EPS to $1.25–1.45 and raised revenue outlook, supporting stronger near-term demand visibility. Lam Research Corporation Reports Financial Results for the Quarter Ended December 28, 2025
• Positive Sentiment: Large wave of analyst upgrades/target raises following the print — multiple firms (JPMorgan, Citigroup, Needham, UBS, Wells Fargo, Deutsche Bank, Stifel, TD Cowen and others) lifted targets and ratings, boosting investor confidence in the growth outlook. These Analysts Boost Their Forecasts On Lam Research Following Strong Q2 Results
• Positive Sentiment: AI-driven demand and capacity expansion underpin revenue momentum — reporting and coverage highlight rising orders for tools used in advanced foundry and NAND, and management commentary points to continued customer investment. LRCX Q4 Deep Dive: AI-Driven Demand Accelerates Revenue, Manufacturing Expansion Underway
• Neutral Sentiment: Some analysts tempered enthusiasm — Morgan Stanley raised its target to $244 but kept an equal‑weight rating, indicating mixed near-term upside from current levels. Lam Research (NASDAQ:LRCX) Price Target Raised to $244.00 at Morgan Stanley
• Negative Sentiment: Valuation and historical volatility are concerns — coverage warns LRCX trades at a rich multiple and has experienced sharp corrections in prior years, which could amplify downside if growth expectations slip. Why Record Highs For LRCX Stock May Face A Reality Check In 2026

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.