Lam Research Corporation (NASDAQ:LRCX) Stock Has Consensus Target Price of $364.01 According to Analysts

Shares of Lam Research Corporation (NASDAQ:LRCX) have been assigned an average recommendation of “Moderate Buy” from the thirty-two brokerages that are presently covering the stock, Marketbeat.com reports. Five analysts have rated the stock with a hold recommendation, twenty-six have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $364.59.

A number of analysts recently weighed in on the stock. Evercore restated an “outperform” rating and set a $355.00 target price on shares of Lam Research in a research note on Monday, July 20th. Jefferies Financial Group set a $335.00 target price on Lam Research and gave the company a “buy” rating in a report on Thursday, July 30th. Stifel Nicolaus lifted their price target on Lam Research from $325.00 to $425.00 and gave the stock a “buy” rating in a report on Friday, July 10th. Citigroup reaffirmed a “buy” rating and set a $450.00 price objective (up from $315.00) on shares of Lam Research in a research report on Wednesday, June 17th. Finally, HSBC reissued a “hold” rating and set a $333.00 target price on shares of Lam Research in a research report on Monday, July 27th.

Key Headlines Impacting Lam Research

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

• Positive Sentiment: Lam Research was named among chip stocks with dependable earnings and durable growth potential as artificial intelligence drives demand for advanced semiconductors and manufacturing equipment. 4 Top Chip Stocks With Dependable Earnings to Ride the AI Boom
• Positive Sentiment: A separate Zacks analysis said Lam Research’s premium valuation is supported by accelerating earnings, improving margins, and AI-driven demand in advanced packaging, high-bandwidth memory, and chipmaking. Should You Invest in Lam Research Stock Despite Its Premium Valuation?
• Positive Sentiment: Analyst coverage remains constructive, including a reported Morgan Stanley price-target increase, while Lam Research was highlighted as a favored semiconductor-equipment company. TSMC Stock Hits Record High, Morgan Stanley Raises Lam Research Price Target
• Positive Sentiment: Industry outlooks continue to identify Lam Research as a beneficiary of sustained AI investment and expanding demand for advanced semiconductor production equipment. Zacks Industry Outlook Applied Materials, Lam Research and FormFactor
• Neutral Sentiment: Compared with KLA, Lam is growing faster, but investors are paying more relative to trailing free cash flow; the comparison frames the stock’s upside potential against valuation risk. Lam Research vs. KLA: Is Faster Growth Worth Paying More for Cash Flow?
• Negative Sentiment: The premium valuation remains a potential source of selling pressure if AI-related growth, margins, or equipment demand fail to meet elevated expectations.

Lam Research Trading Down 1.3%

Shares of LRCX stock opened at $329.51 on Friday. Lam Research has a fifty-two week low of $131.02 and a fifty-two week high of $438.50. The company has a 50 day moving average price of $310.02 and a 200 day moving average price of $305.12. The stock has a market capitalization of $412.36 billion, a P/E ratio of 57.21, a price-to-earnings-growth ratio of 1.32 and a beta of 1.85. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.91 and a current ratio of 2.63.

Lam Research (NASDAQ:LRCX) last issued its quarterly earnings results on Wednesday, July 29th. The semiconductor company reported $1.82 EPS for the quarter, beating the consensus estimate of $1.69 by $0.13. Lam Research had a net margin of 31.27% and a return on equity of 67.60%. The company had revenue of $6.72 billion during the quarter, compared to analysts’ expectations of $6.66 billion. During the same quarter last year, the company posted $1.33 EPS. The firm’s revenue was up 30.0% compared to the same quarter last year. Lam Research has set its Q1 2027 guidance at 2.000-2.300 EPS. Equities research analysts predict that Lam Research will post 9.34 EPS for the current fiscal year.

Lam Research Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 14th. Investors of record on Wednesday, September 23rd will be given a $0.33 dividend. This is a positive change from Lam Research’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend is Wednesday, September 23rd. This represents a $1.32 dividend on an annualized basis and a dividend yield of 0.4%. Lam Research’s payout ratio is 22.92%.

Insider Buying and Selling

In related news, Director Bethany Mayer sold 9,557 shares of the company’s stock in a transaction dated Wednesday, September 9th. The stock was sold at an average price of $314.74, for a total value of $3,007,970.18. Following the completion of the sale, the director directly owned 20,995 shares of the company’s stock, valued at $6,607,966.30. This represents a 31.28% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Abhijit Y. Talwalkar sold 18,282 shares of Lam Research stock in a transaction that occurred on Monday, July 13th. The stock was sold at an average price of $335.00, for a total value of $6,124,470.00. Following the transaction, the director directly owned 87,142 shares in the company, valued at approximately $29,192,570. This trade represents a 17.34% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 32,839 shares of company stock worth $10,644,740 in the last ninety days. 0.31% of the stock is owned by corporate insiders.

Institutional Trading of Lam Research

Several institutional investors and hedge funds have recently bought and sold shares of the business. Bayban acquired a new position in Lam Research in the 4th quarter valued at about $26,000. Vermillion Wealth Management Inc. acquired a new position in shares of Lam Research in the first quarter valued at approximately $26,000. Cedar Mountain Advisors LLC raised its stake in shares of Lam Research by 242.9% during the first quarter. Cedar Mountain Advisors LLC now owns 120 shares of the semiconductor company’s stock worth $26,000 after purchasing an additional 85 shares during the last quarter. Paladin Partners LLC purchased a new position in Lam Research during the 2nd quarter worth $26,000. Finally, University of Illinois Foundation purchased a new position in Lam Research during the 4th quarter worth $30,000. Hedge funds and other institutional investors own 84.61% of the company’s stock.

Lam Research Company Profile

Lam Research Corporation is a semiconductor equipment company that designs, manufactures, and services systems used in the fabrication of integrated circuits and other electronic devices. Its equipment supports key steps in the wafer manufacturing process, helping semiconductor producers create increasingly small and complex features on silicon wafers.

The company’s portfolio includes systems for etch, deposition, wafer cleaning, surface preparation, and related manufacturing processes.