Lam Research (NASDAQ:LRCX) Shares Up 7.2% – Should You Buy?

Shares of Lam Research Corporation (NASDAQ:LRCX) traded up 7.2% during trading on Thursday . The stock traded as high as $407.99 and last traded at $401.82. 16,727,917 shares changed hands during trading, an increase of 50% from the average session volume of 11,130,094 shares. The stock had previously closed at $374.80.

Lam Research News Roundup

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

• Positive Sentiment: Wells Fargo raised its price target on Lam Research to $450 from $365 and kept an Overweight rating, signaling confidence that semiconductor equipment demand remains strong. Wells Fargo Raises its Price Target on Lam Research (LRCX)
• Positive Sentiment: Micron’s strong earnings and upbeat guidance lifted memory-chip and AI infrastructure stocks broadly, helping sentiment around Lam Research because it supplies equipment tied to memory expansion. Micron Q3 earnings beat sends stock surging 18% premarket
• Positive Sentiment: Lam Research opened a Boise office to get closer to Micron’s memory manufacturing expansion, reinforcing its exposure to a major customer’s capacity buildout. Lam Research (LRCX) Opens Boise Office To Get Closer To Micron’s Memory Expansion
• Positive Sentiment: Brokerage coverage remains constructive, with Lam Research receiving an average “Moderate Buy” recommendation, which supports the bullish narrative. Lam Research Corporation (NASDAQ:LRCX) Receives Average Recommendation of “Moderate Buy” from Brokerages
• Neutral Sentiment: Several market commentaries highlighted Lam Research as an after-hours gainer and a popular AI infrastructure play, but these were mostly sentiment-driven rather than company-specific developments. Top After-Hours Gainers Today Beyond Micron: QCOM, AMAT, LRCX Surge
• Neutral Sentiment: Articles noting Lam Research’s large year-to-date gain and fresh market buzz reflect momentum, but they do not add new fundamental catalysts. Lam Research Stock Is Up 114% So Far in 2026. This AI Infrastructure Stock Is Far From Finished.
• Negative Sentiment: A recent Zacks note said Lam Research had a bigger drop than the market in the prior session, showing the stock can remain volatile even amid the broader semiconductor rally. Lam Research (LRCX) Registers a Bigger Fall Than the Market: Important Facts to Note

Analyst Ratings Changes

Several research firms have weighed in on LRCX. BNP Paribas Exane upped their price objective on shares of Lam Research from $250.00 to $260.00 and gave the company a “neutral” rating in a research note on Thursday, April 23rd. Sanford C. Bernstein lifted their target price on shares of Lam Research from $325.00 to $340.00 and gave the company an “outperform” rating in a research note on Thursday, May 21st. The Goldman Sachs Group restated a “buy” rating and set a $290.00 price target on shares of Lam Research in a report on Thursday, April 23rd. JPMorgan Chase & Co. upped their price target on shares of Lam Research from $300.00 to $315.00 and gave the stock an “overweight” rating in a research note on Thursday, April 23rd. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on Lam Research from $300.00 to $325.00 and gave the stock a “buy” rating in a report on Thursday, April 23rd. Twenty-eight research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $334.43.

Lam Research Stock Up 7.2%

The company has a current ratio of 2.54, a quick ratio of 1.77 and a debt-to-equity ratio of 0.35. The business’s fifty day moving average price is $309.03 and its two-hundred day moving average price is $246.96. The firm has a market cap of $502.50 billion, a P/E ratio of 75.82, a P/E/G ratio of 3.06 and a beta of 1.85.

Lam Research (NASDAQ:LRCX) last posted 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 for the quarter, compared to analyst estimates of $5.70 billion. Lam Research had a return on equity of 66.21% and a net margin of 30.94%.The business’s revenue was up 23.8% compared to the same quarter last year. During the same period last year, the company earned $1.04 earnings per share. Lam Research has set its Q4 2026 guidance at 1.500-1.800 EPS. As a group, equities research analysts anticipate that Lam Research Corporation will post 5.7 EPS for the current year.

Lam Research Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 8th. Stockholders of record on Wednesday, June 17th will be given a dividend of $0.26 per share. The ex-dividend date of this dividend is Wednesday, June 17th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.3%. Lam Research’s dividend payout ratio is currently 19.62%.

Insider Buying and Selling

In other news, insider Ava Harter sold 6,010 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the insider directly owned 53,205 shares of the company’s stock, valued at approximately $13,762,005.30. This trade represents a 10.15% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Eric Brandt sold 54,500 shares of the company’s stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $350.80, for a total transaction of $19,118,600.00. Following the completion of the sale, the director directly owned 199,205 shares in the company, valued at approximately $69,881,114. The trade was a 21.48% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 86,339 shares of company stock valued at $27,680,267 over the last three months. 0.31% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Lam Research

A number of institutional investors have recently added to or reduced their stakes in LRCX. State Street Corp boosted its stake in Lam Research by 0.4% in the 3rd quarter. State Street Corp now owns 59,817,352 shares of the semiconductor company’s stock valued at $8,024,684,000 after buying an additional 265,805 shares in the last quarter. Geode Capital Management LLC raised its stake in Lam Research by 0.4% during the fourth quarter. Geode Capital Management LLC now owns 33,747,368 shares of the semiconductor company’s stock worth $5,764,117,000 after acquiring an additional 126,613 shares in the last quarter. Invesco Ltd. raised its stake in Lam Research by 7.7% during the fourth quarter. Invesco Ltd. now owns 22,821,354 shares of the semiconductor company’s stock worth $3,906,559,000 after acquiring an additional 1,638,406 shares in the last quarter. Norges Bank bought a new position in shares of Lam Research during the fourth quarter valued at $3,645,427,000. Finally, Price T Rowe Associates Inc. MD lifted its holdings in shares of Lam Research by 352.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 13,695,210 shares of the semiconductor company’s stock valued at $2,344,347,000 after acquiring an additional 10,666,540 shares during the period. 84.61% of the stock is owned by institutional investors and hedge funds.

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.