Lam Research (NASDAQ:LRCX) Stock Price Up 7.7% – Still a Buy?

Shares of Lam Research Corporation (NASDAQ:LRCX) rose 7.7% during mid-day trading on Wednesday . The company traded as high as $297.87 and last traded at $297.17. Approximately 14,534,845 shares were traded during mid-day trading, an increase of 30% from the average daily volume of 11,207,672 shares. The stock had previously closed at $275.80.

Trending Headlines about Lam Research

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

• Positive Sentiment: Quarterly beat and strong June-quarter outlook — Lam reported March-quarter revenue of $5.84B and non‑GAAP EPS $1.47 (above estimates) and gave a June-quarter guide implying another step-up in wafer‑fab demand, which directly supports revenue and margin upside. Lam Research jumps 7% as earnings beat and June-quarter outlook signals accelerating wafer-fab demand
• Positive Sentiment: New/raised analyst coverage — Seaport Global initiated coverage with a Buy and several firms have raised targets recently (median targets moved higher), which supports investor sentiment and price targets. Seaport Global initiates coverage of Lam Research (LRCX) with buy recommendation
• Positive Sentiment: Broad AI infrastructure demand is lifting the semiconductor equipment group — ETFs tracking semiconductors (SOXX, SMH, FTXL) are drawing flows as hyperscalers and chipmakers scale AI fabs, a tailwind for Lam’s order book. Semiconductor Leaders SOXX, SMH, and FTXL Are Crushing It on AI Infrastructure Demand
• Positive Sentiment: Industry capacity constraints reinforce pricing/near‑term demand — reports on KLA and other equipment suppliers running near full capacity suggest lead times and tool intensity are high, which benefits Lam as customers accelerate purchases for AI/advanced nodes. KLA’s AI Capacity Constraints Highlight Earnings Power And Buyback Commitment
• Positive Sentiment: Technical/flow signals — Lam was featured as IBD’s Stock of the Day and cleared a buy point after the beat-and-raise, which can attract momentum and retail/quant flows. Lam Research, IBD Stock Of The Day, Clears Buy Point On Chip-Gear Investments
• Neutral Sentiment: Insider selling disclosed — an SVP sold ~18,170 shares under a prearranged Rule 10b5‑1 plan; filing is standard but worth noting for transparency. Insider Selling: Lam Research (NASDAQ:LRCX) SVP Sells 18,170 Shares of Stock
• Neutral Sentiment: Analyst write-ups and rally analysis provide context but vary in bias — several bullish deep dives and rally analyses highlight upside from WFE upgrades, while some coverage is promotional; treat such pieces as color rather than hard catalysts. Lam Research (LRCX) Surges to Record Highs: Analyzing the 252% Rally
• Negative Sentiment: Valuation caution — some analysts/commentary warn Lam is approaching frothy levels after the run, which raises risk of near‑term mean reversion if growth expectations moderate. Lam Research Is Approaching Frothy Levels

Analysts Set New Price Targets

LRCX has been the subject of a number of recent analyst reports. Susquehanna increased their price objective on Lam Research from $350.00 to $385.00 and gave the stock a “positive” rating in a report on Thursday, April 23rd. B. Riley Financial reissued a “buy” rating on shares of Lam Research in a report on Monday, April 20th. Stifel Nicolaus 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. Summit Insights upgraded Lam Research from a “hold” rating to a “buy” rating in a research report on Thursday, January 29th. Finally, HSBC upped their target price on Lam Research from $221.00 to $247.00 and gave the stock a “hold” rating in a research report on Friday, April 24th. Twenty-six research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $285.94.

Lam Research Price Performance

The stock has a fifty day moving average price of $236.99 and a 200-day moving average price of $202.86. The company has a market cap of $371.63 billion, a PE ratio of 56.07, a price-to-earnings-growth ratio of 2.14 and a beta of 1.81. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.54 and a quick ratio of 1.77.

Lam Research (NASDAQ:LRCX) last released its earnings results on Wednesday, April 22nd. The semiconductor company reported $1.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.36 by $0.11. Lam Research had a return on equity of 66.21% and a net margin of 30.94%.The company had revenue of $5.84 billion during the quarter, compared to analyst estimates of $5.70 billion. During the same quarter in the prior year, the company earned $1.04 earnings per share. The company’s revenue for the quarter was up 23.8% on a year-over-year basis. Lam Research has set its Q4 2026 guidance at 1.500-1.800 EPS. On average, equities analysts expect that Lam Research Corporation will post 5.68 earnings per share for the current year.

Insider Activity at Lam Research

In other Lam Research news, Director Eric Brandt sold 35,000 shares of the 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 transaction, the director directly owned 253,705 shares of the company’s stock, valued at $57,235,848. This represents a 12.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Douglas R. Bettinger sold 50,057 shares of the stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $224.03, for a total transaction 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. Over the last ninety days, insiders sold 155,066 shares of company stock valued at $35,849,242. 0.31% of the stock is owned by insiders.

Hedge Funds Weigh In On Lam Research

Several hedge funds have recently bought and sold shares of LRCX. PMV Capital Advisers LLC acquired a new position in Lam Research during the fourth quarter worth $25,000. Stance Capital LLC acquired a new position in Lam Research during the third quarter worth $26,000. Bayban acquired a new position in Lam Research during the fourth quarter worth $26,000. Vermillion Wealth Management Inc. acquired a new position in Lam Research during the first quarter worth $26,000. Finally, Cedar Mountain Advisors LLC increased its position in 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 buying an additional 85 shares during the last quarter. 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.