Lam Research (NASDAQ:LRCX) Price Target Raised to $245.00

Lam Research (NASDAQ:LRCX) had its target price boosted by Bank of America from $195.00 to $245.00 in a report published on Tuesday morning,Benzinga reports. They currently have a buy rating on the semiconductor company’s stock.

Other equities research analysts also recently issued reports about the stock. Morgan Stanley raised their target price on shares of Lam Research from $137.00 to $158.00 and gave the company an “equal weight” rating in a research note on Tuesday, December 2nd. Mizuho set a $220.00 price objective on Lam Research and gave the company an “outperform” rating in a research note on Friday, January 9th. Sanford C. Bernstein reiterated an “outperform” rating and set a $225.00 target price (up from $175.00) on shares of Lam Research in a research note on Monday. Wells Fargo & Company increased their price target on Lam Research from $135.00 to $145.00 and gave the company an “equal weight” rating in a research note on Thursday, October 23rd. Finally, HSBC set a $127.00 price target on Lam Research and gave the company a “hold” rating in a report on Tuesday, September 30th. Twenty-eight equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $189.55.

Lam Research Trading Up 4.2%

NASDAQ LRCX opened at $217.47 on Tuesday. Lam Research has a 12 month low of $56.32 and a 12 month high of $229.57. The company has a current ratio of 2.21, a quick ratio of 1.60 and a debt-to-equity ratio of 0.37. The stock has a 50 day moving average of $170.33 and a 200-day moving average of $136.11. The company has a market cap of $273.15 billion, a PE ratio of 47.90, a PEG ratio of 2.40 and a beta of 1.77.

Lam Research (NASDAQ:LRCX) last posted its quarterly earnings results on Wednesday, October 22nd. The semiconductor company reported $1.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.22 by $0.04. The firm had revenue of $5.32 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%. The company’s quarterly revenue was up 27.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.86 earnings per share. Lam Research has set its Q2 2026 guidance at 1.050-1.250 EPS. On average, equities research analysts anticipate that Lam Research will post 3.71 EPS for the current fiscal year.

Lam Research Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 7th. Shareholders of record on Wednesday, December 3rd were issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend was Wednesday, December 3rd. Lam Research’s dividend payout ratio is currently 22.91%.

Insider Transactions at Lam Research

In related news, Director Bethany Mayer sold 1,298 shares of the firm’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $159.99, for a total transaction of $207,667.02. Following the transaction, the director directly owned 1,652 shares of the company’s stock, 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Douglas R. Bettinger sold 40,080 shares of Lam Research stock in a transaction dated Friday, November 14th. The stock was sold at an average price of $150.60, for a total transaction of $6,036,048.00. Following the completion of the sale, the chief financial officer owned 987,237 shares of the company’s stock, valued at $148,677,892.20. This trade represents a 3.90% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 50,418 shares of company stock valued at $7,667,305. 0.31% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in LRCX. Brighton Jones LLC increased its stake in Lam Research by 1,032.4% during the 4th quarter. Brighton Jones LLC now owns 14,189 shares of the semiconductor company’s stock worth $1,025,000 after acquiring an additional 12,936 shares during the period. Caxton Associates LLP acquired a new stake in shares of Lam Research during the 1st quarter worth $239,000. Geneos Wealth Management Inc. increased its position in shares of Lam Research by 65.4% in the first quarter. Geneos Wealth Management Inc. now owns 3,252 shares of the semiconductor company’s stock worth $236,000 after purchasing an additional 1,286 shares during the period. Wesbanco Bank Inc. raised its stake in Lam Research by 24.0% in the second quarter. Wesbanco Bank Inc. now owns 4,004 shares of the semiconductor company’s stock valued at $390,000 after purchasing an additional 776 shares in the last quarter. Finally, NBC Securities Inc. lifted its position in Lam Research by 47.1% during the second quarter. NBC Securities Inc. now owns 8,554 shares of the semiconductor company’s stock worth $832,000 after purchasing an additional 2,740 shares during the period. 84.61% of the stock is owned by institutional investors.

Key Stories Impacting Lam Research

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

• Positive Sentiment: Rothschild & Co Redburn raised its price target on Lam to $225 and kept a Buy rating, signaling stronger analyst conviction. Rothschild & Co Redburn adjusts Lam Research price target to $225 from $150, maintains buy rating
• Positive Sentiment: Stifel Nicolaus boosted its Lam price target to $250 (from $160) and reiterated a Buy, citing stronger WFE demand — a large upward revision that supports higher upside expectations. LRCX Lam Research price target raised by Stifel
• Positive Sentiment: Bank of America raised its Lam price target to $245, another major house increasing its valuation — reinforcing the analyst-driven momentum behind the stock. Bank of America Increases Lam Research Price Target to $245
• Positive Sentiment: Seeking Alpha upgraded LRCX to Buy, arguing a WFE “supercycle” (revised wafer-fab spending +10–15% YoY) raises sales, EBITDA and FCF forecasts — analyst base-case PT cited near $247 with a bullish scenario higher. Lam Research: Why The WFE Supercycle Changes The Valuation (Rating Upgrade)
• Positive Sentiment: Industry and market coverage point to a stronger WFE backdrop — Stifel and others forecast up to ~15% WFE spending growth in 2026, which directly benefits equipment suppliers like Lam. WFE spending forecast to grow up to 15% in 2026: Stifel
• Positive Sentiment: Barron’s and market coverage note that TSMC’s heavy capex is boosting suppliers (ASML, Lam, AMAT), lending fundamental tailwinds to Lam’s order and revenue outlook. ASML, Lam Research, Applied Materials Surge. Why Chip Stocks Are Getting a Boost.
• Neutral Sentiment: Zacks published momentum-style coverage assessing LRCX as a strong momentum candidate given recent gains; useful for timing/rotation but less directly informative on fundamentals. What Makes Lam Research (LRCX) a Strong Momentum Stock: Buy Now?
• Neutral Sentiment: General analyst-coverage summaries are highlighting broad Street optimism; these stories can amplify moves but are repetitive of the price-target/upgrade news. Why Is Lam Research Stock Soaring Thursday?
• Negative Sentiment: Zacks flags a potential headwind: Lam’s China revenue may fall below 30% in 2026 due to export controls, which could pressure near-term growth if non-China demand doesn’t fully offset the decline. Will LRCX’s China Revenue Drop Below 30% Hurt 2026 Growth Outlook?

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.