Lam Research (NASDAQ:LRCX) Price Target Raised to $255.00 at Barclays

Lam Research (NASDAQ:LRCX) had its price objective upped by equities researchers at Barclays from $250.00 to $255.00 in a report released on Tuesday,Benzinga reports. The firm presently has an “equal weight” rating on the semiconductor company’s stock. Barclays‘s price target indicates a potential upside of 16.80% from the stock’s previous close.

Several other brokerages have also weighed in on LRCX. Citic Securities increased their price objective on shares of Lam Research from $165.00 to $275.00 and gave the company a “buy” rating in a research report on Friday, January 30th. Argus upped their price target on shares of Lam Research from $175.00 to $280.00 in a research note on Tuesday, February 3rd. The Goldman Sachs Group set a $262.00 target price on shares of Lam Research and gave the stock a “buy” rating in a research report on Thursday, January 29th. KeyCorp reiterated a “sector weight” rating on shares of Lam Research in a research note on Thursday, January 29th. Finally, New Street Research raised their price objective on Lam Research from $195.00 to $235.00 and gave the stock a “neutral” rating in a research note on Friday, January 30th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $245.35.

Lam Research Stock Up 3.4%

Shares of LRCX stock traded up $7.18 during trading on Tuesday, reaching $218.33. The company’s stock had a trading volume of 1,973,998 shares, compared to its average volume of 12,119,756. The company has a market cap of $272.64 billion, a price-to-earnings ratio of 44.78, a price-to-earnings-growth ratio of 2.14 and a beta of 1.77. Lam Research has a one year low of $56.32 and a one year high of $256.68. The business has a fifty day moving average price of $221.66 and a 200-day moving average price of $170.52. The company has a quick ratio of 1.61, a current ratio of 2.26 and a debt-to-equity ratio of 0.37.

Lam Research (NASDAQ:LRCX) last released its earnings results on Wednesday, January 28th. The semiconductor company reported $1.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.17 by $0.10. Lam Research had a return on equity of 62.81% and a net margin of 30.22%.The business had revenue of $5.34 billion for the quarter, compared to analyst estimates of $5.23 billion. During the same quarter in the prior year, the company posted $0.91 earnings per share. Lam Research’s revenue was up 22.1% on a year-over-year basis. Lam Research has set its Q3 2026 guidance at 1.250-1.450 EPS. Analysts anticipate that Lam Research will post 3.71 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Eric Brandt sold 35,000 shares of the firm’s stock in a transaction on Friday, February 6th. The shares were sold at an average price of $225.60, for a total transaction of $7,896,000.00. Following the completion of the transaction, the director owned 253,705 shares of the company’s stock, valued at approximately $57,235,848. This trade represents a 12.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Douglas R. Bettinger sold 50,057 shares of Lam Research stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $224.03, for a total value of $11,214,269.71. Following the transaction, the chief financial officer directly owned 1,081,705 shares in the company, valued at $242,334,371.15. The trade was a 4.42% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 130,886 shares of company stock worth $29,658,802 in the last ninety days. Company insiders own 0.31% of the company’s stock.

Institutional Trading of Lam Research

Several hedge funds have recently modified their holdings of the stock. Brighton Jones LLC raised its holdings in Lam Research by 1,032.4% during the fourth quarter. Brighton Jones LLC now owns 14,189 shares of the semiconductor company’s stock worth $1,025,000 after buying an additional 12,936 shares during the last quarter. Caxton Associates LLP bought a new position in Lam Research in the 1st quarter valued at about $239,000. Ignite Planners LLC increased its holdings in Lam Research by 32.8% during the 2nd quarter. Ignite Planners LLC now owns 5,169 shares of the semiconductor company’s stock worth $520,000 after purchasing an additional 1,277 shares in the last quarter. Vestmark Advisory Solutions Inc. bought a new position in shares of Lam Research in the second quarter valued at approximately $483,000. Finally, AE Wealth Management LLC boosted its position in shares of Lam Research by 19.2% during the second quarter. AE Wealth Management LLC now owns 44,190 shares of the semiconductor company’s stock valued at $4,301,000 after buying an additional 7,118 shares during the last quarter. Institutional investors own 84.61% of the company’s stock.

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.