Lam Research (NASDAQ:LRCX) Given New $260.00 Price Target at Morgan Stanley

Lam Research (NASDAQ:LRCX) had its price objective raised by investment analysts at Morgan Stanley from $254.00 to $260.00 in a research report issued on Monday,MarketScreener reports. The firm currently has an “equal weight” rating on the semiconductor company’s stock. Morgan Stanley’s target price points to a potential upside of 19.03% from the company’s previous close.

Several other analysts also recently issued reports on the stock. Summit Insights raised shares of Lam Research from a “hold” rating to a “buy” rating in a research report on Thursday, January 29th. KeyCorp reissued a “sector weight” rating on shares of Lam Research in a research report on Thursday, January 29th. Bank of America raised their price target on shares of Lam Research from $195.00 to $245.00 and gave the company a “buy” rating in a report on Tuesday, January 13th. TD Cowen lifted their price target on shares of Lam Research from $170.00 to $290.00 and gave the stock a “buy” rating in a research note on Thursday, January 29th. Finally, Citigroup boosted their price objective on shares of Lam Research from $265.00 to $300.00 and gave the stock a “buy” rating in a report on Thursday, January 29th. One analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $245.54.

Lam Research Stock Performance

NASDAQ:LRCX opened at $218.44 on Monday. The business’s 50-day moving average is $227.02 and its two-hundred day moving average is $185.77. The firm has a market capitalization of $272.78 billion, a PE ratio of 44.76, a price-to-earnings-growth ratio of 2.35 and a beta of 1.78. Lam Research has a 12 month low of $56.32 and a 12 month high of $256.68. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.26 and a quick ratio of 1.61.

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

Insider Buying and Selling

In related news, CFO Douglas R. Bettinger sold 50,057 shares of Lam Research stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $224.03, for a total value of $11,214,269.71. Following the sale, the chief financial officer directly owned 1,081,705 shares in the company, valued at $242,334,371.15. This trade represents a 4.42% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Ava Harter sold 1,500 shares of the business’s stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $222.66, for a total transaction of $333,990.00. Following the transaction, the insider directly owned 53,205 shares of the company’s stock, valued at $11,846,625.30. The trade was a 2.74% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 130,886 shares of company stock valued at $29,658,802 in the last quarter. Company insiders own 0.31% of the company’s stock.

Hedge Funds Weigh In On Lam Research

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. PMV Capital Advisers LLC bought a new stake in Lam Research during the 4th quarter valued at $25,000. Bayban bought a new position in shares of Lam Research in the fourth quarter worth $26,000. Mcguire Capital Advisors Inc. acquired a new position in shares of Lam Research during the fourth quarter valued at $27,000. Core Wealth Advisors LLC bought a new stake in shares of Lam Research during the fourth quarter valued at about $29,000. Finally, University of Illinois Foundation bought a new stake in shares of Lam Research during the fourth quarter valued at about $30,000. 84.61% of the stock is owned by institutional investors.

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.