Lam Research (NASDAQ:LRCX) Trading 2.6% Higher – Time to Buy?

Lam Research Corporation (NASDAQ:LRCX) rose 2.6% during mid-day trading on Friday . The stock traded as high as $297.42 and last traded at $294.05. Approximately 8,969,069 shares were traded during mid-day trading, a decline of 20% from the average daily volume of 11,167,133 shares. The stock had previously closed at $286.52.

Lam Research News Roundup

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

• Positive Sentiment: Large AI-fab orders beat expectations, driving a strong rally and re-pricing the stock higher as investors rush to position for AI-driven capex. Lam Research (LRCX) Is Up 19.5% After AI-Fab Orders Beat Expectations Has The Bull Case Changed?
• Positive Sentiment: Analysts are raising targets and growing more bullish — B. Riley lifted its price target (to $350) and kept a Buy rating, citing strong earnings and order momentum, which supports further upside expectations. Why Analysts Are Growing More Confident In Lam Research (LRCX)
• Positive Sentiment: Wall Street coverage highlights a massive 12-month rally (~300%) and continued upside from AI demand and secular semiconductor investment, reinforcing momentum-driven buying. Lam Research Has Surged 300% in a Year. Wall Street Sees More Gains Still Ahead
• Positive Sentiment: Macro/sector narrative: commentary that the AI trade is shifting toward CPUs and related equipment bolsters the case that Lam’s TAM and orders could expand further — a thematic tailwind for long-term growth. This 150% Run Is Just the Beginning
• Neutral Sentiment: Some research houses are nudging estimates higher (Erste lifted FY2027 EPS), but have maintained cautious stances (Hold), so analyst tone is improving but not uniformly bullish. MarketBeat LRCX Coverage / Analyst Notes
• Neutral Sentiment: MarketBeat and other write-ups say Lam still looks like a buy despite the rapid run, but they note the stock may be overbought — a reminder to weigh valuation after the sharp rally. Why Lam Research Still Looks Like a Buy After a 300% Rally

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft lifted their target price on Lam Research from $300.00 to $325.00 and gave the stock a “buy” rating in a research report on Thursday, April 23rd. The Goldman Sachs Group reiterated a “buy” rating and set a $290.00 price target on shares of Lam Research in a research report on Thursday, April 23rd. Sanford C. Bernstein upped their price target on Lam Research from $285.00 to $325.00 and gave the stock an “outperform” rating in a report on Thursday, April 23rd. Bank of America raised their price objective on Lam Research from $285.00 to $330.00 and gave the company a “buy” rating in a research note on Thursday, April 23rd. Finally, Weiss Ratings raised Lam Research from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, April 24th. Twenty-six investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $285.94.

Lam Research Trading Up 2.6%

The business has a 50-day moving average of $238.93 and a 200 day moving average of $204.97. The stock has a market cap of $367.73 billion, a PE ratio of 55.48, a PEG ratio of 2.46 and a beta of 1.81. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.77 and a current ratio of 2.54.

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. The company had revenue of $5.84 billion for the quarter, compared to analyst estimates of $5.70 billion. Lam Research had a net margin of 30.94% and a return on equity of 66.21%. The firm’s quarterly revenue was up 23.8% on a year-over-year basis. During the same period in the prior year, the firm earned $1.04 EPS. Lam Research has set its Q4 2026 guidance at 1.500-1.800 EPS. Equities research analysts predict that Lam Research Corporation will post 5.67 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, SVP Neil J. Fernandes sold 18,170 shares of the firm’s stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $255.14, for a total value of $4,635,893.80. Following the sale, the senior vice president directly owned 66,129 shares of the company’s stock, valued at approximately $16,872,153.06. This trade represents a 21.55% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Ava Harter sold 6,010 shares of the company’s stock in a transaction on Monday, April 27th. The stock was sold at an average price of $258.66, for a total value of $1,554,546.60. Following the sale, the insider owned 53,205 shares of the company’s stock, valued at approximately $13,762,005.30. The trade was a 10.15% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 120,066 shares of company stock valued at $27,953,242. Company insiders own 0.31% of the company’s stock.

Institutional Investors Weigh In On Lam Research

Several institutional investors and hedge funds have recently added to or reduced their stakes in LRCX. Brighton Jones LLC raised its holdings in Lam Research by 1,032.4% in the fourth quarter. Brighton Jones LLC now owns 14,189 shares of the semiconductor company’s stock valued at $1,025,000 after buying an additional 12,936 shares during the period. Caxton Associates LLP purchased a new stake in Lam Research during the first quarter worth approximately $239,000. Gabelli Funds LLC acquired a new stake in shares of Lam Research in the second quarter worth $253,000. NewEdge Advisors LLC increased its position in shares of Lam Research by 2.7% in the second quarter. NewEdge Advisors LLC now owns 100,528 shares of the semiconductor company’s stock worth $9,785,000 after acquiring an additional 2,661 shares in the last quarter. Finally, Osterweis Capital Management Inc. raised its stake in shares of Lam Research by 5,206.7% in the 2nd quarter. Osterweis Capital Management Inc. now owns 796 shares of the semiconductor company’s stock valued at $77,000 after acquiring an additional 781 shares during the period. 84.61% of the stock is currently owned by institutional investors and hedge funds.

About Lam Research

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.