Bank of America Issues Positive Forecast for Lam Research (NASDAQ:LRCX) Stock Price

Lam Research (NASDAQ:LRCX) had its price objective lifted by Bank of America from $285.00 to $330.00 in a research report report published on Thursday morning,Benzinga reports. Bank of America currently has a buy rating on the semiconductor company’s stock.

A number of other equities analysts have also weighed in on LRCX. Rothschild & Co Redburn lifted their price objective on shares of Lam Research from $225.00 to $265.00 and gave the company a “buy” rating in a research report on Friday, February 6th. Evercore lifted their price objective on shares of Lam Research from $275.00 to $300.00 and gave the company an “outperform” rating in a research report on Thursday. Erste Group Bank lowered shares of Lam Research from a “buy” rating to a “hold” rating in a research report on Thursday, April 2nd. UBS Group set a $300.00 price objective on shares of Lam Research in a research report on Thursday, January 29th. Finally, Susquehanna lifted their price objective on shares of Lam Research from $350.00 to $385.00 and gave the company a “positive” rating in a research report on Thursday. Twenty-six equities research analysts have rated the stock with a Buy rating and eight have given 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 $281.78.

Lam Research Stock Performance

Shares of LRCX opened at $258.56 on Thursday. The company has a current ratio of 2.26, a quick ratio of 1.61 and a debt-to-equity ratio of 0.37. The firm has a market cap of $322.88 billion, a PE ratio of 48.78, a price-to-earnings-growth ratio of 2.83 and a beta of 1.78. The company’s 50 day simple moving average is $234.34 and its 200-day simple moving average is $197.02. Lam Research has a 12-month low of $67.55 and a 12-month high of $273.50.

Lam Research (NASDAQ:LRCX) last posted its quarterly earnings data on Wednesday, April 22nd. The semiconductor company reported $1.47 earnings per share for the quarter, beating analysts’ consensus estimates of $1.36 by $0.11. Lam Research had a net margin of 30.94% and a return on equity of 67.07%. The firm had revenue of $5.84 billion for the quarter, compared to analyst estimates of $5.70 billion. During the same period last year, the firm posted $1.04 EPS. Lam Research’s quarterly revenue was up 23.8% on a year-over-year basis. Lam Research has set its Q4 2026 guidance at 1.500-1.800 EPS. As a group, equities analysts predict that Lam Research will post 5.29 EPS for the current year.

Lam Research Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 8th. Shareholders of record on Wednesday, March 4th were issued a $0.26 dividend. The ex-dividend date of this dividend was Wednesday, March 4th. This represents a $1.04 dividend on an annualized basis and a yield of 0.4%. Lam Research’s dividend payout ratio (DPR) is 21.31%.

Insider Buying and Selling at Lam Research

In other Lam Research news, insider Ava Harter sold 1,500 shares of the firm’s stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $222.66, for a total value of $333,990.00. Following the completion of the sale, the insider owned 53,205 shares of the company’s stock, valued at approximately $11,846,625.30. This trade represents a 2.74% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 value of $11,214,269.71. Following the completion of the sale, the chief financial officer directly owned 1,081,705 shares of the company’s stock, valued at approximately $242,334,371.15. This trade 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 sold 130,886 shares of company stock valued at $29,658,802. 0.31% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in shares of Lam Research by 0.3% during the 3rd quarter. Vanguard Group Inc. now owns 130,974,214 shares of the semiconductor company’s stock worth $17,537,447,000 after buying an additional 364,949 shares during the last quarter. State Street Corp raised its stake in shares of Lam Research by 0.4% during the 3rd quarter. State Street Corp now owns 59,817,352 shares of the semiconductor company’s stock worth $8,024,684,000 after buying an additional 265,805 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Lam Research by 0.4% during the 4th quarter. Geode Capital Management LLC now owns 33,747,368 shares of the semiconductor company’s stock worth $5,764,117,000 after buying an additional 126,613 shares during the last quarter. Invesco Ltd. raised its stake in shares of Lam Research by 7.7% during the 4th quarter. Invesco Ltd. now owns 22,821,354 shares of the semiconductor company’s stock worth $3,906,559,000 after buying an additional 1,638,406 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of Lam Research during the 4th quarter worth $3,645,427,000. 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: Q3 beat and upbeat guidance — Lam reported $1.47 EPS and $5.84B revenue (both above expectations) and issued FYQ4 EPS guidance of $1.50–1.80 and revenue guidance above consensus, underpinning the bullish case on AI-driven equipment demand. Press Release
• Positive Sentiment: Wall Street raises targets — Dozens of firms raised price targets and kept buy/overweight ratings (e.g., JPMorgan, BofA, Bernstein, TD Cowen, Susquehanna), signaling renewed analyst conviction in a multi-year wafer‑fab equipment cycle. JPMorgan Target Coverage
• Positive Sentiment: AI / memory tailwinds — Coverage and commentary highlight AI-driven demand (incl. record support sales and memory/DRAM tightness) as a structural revenue and margin driver for Lam’s tools. Deep Dive
• Neutral Sentiment: Analyst detail & metrics — Earnings coverage (Zacks, Seeking Alpha transcripts, slide deck) gives deeper look at backlog, margins and inventory improvements; useful for modeling but not immediately directional. Zacks Analysis
• Neutral Sentiment: Industry supply commentary — Analysts and industry voices (SemiAnalysis) argue DRAM and AI demand could outpace capacity, which supports long‑term demand but also increases cyclicality and capex timing uncertainty. DRAM Demand Article
• Negative Sentiment: Valuation concerns / profit‑taking — Several pieces question whether the run (roughly +300% Y/Y) has priced in too much; some investors are trimming positions given rich multiples and rapid price appreciation. Is It Too Late?
• Negative Sentiment: Analyst caution on price vs. fundamentals — Commentary like Seeking Alpha’s note flags the AI upcycle but argues the stock may be expensive relative to expected returns, a reason for near‑term downside pressure. SA Valuation Piece

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.