Lam Research (NASDAQ:LRCX) Stock Rating Upgraded by Seaport Research Partners

Lam Research (NASDAQ:LRCX) was upgraded by Seaport Research Partners to a “strong-buy” rating in a research note issued to investors on Monday,Zacks.com reports.

A number of other research analysts also recently commented on the company. Zacks Research downgraded Lam Research from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 6th. Evercore boosted their price target on Lam Research from $275.00 to $300.00 and gave the company an “outperform” rating in a research note on Thursday, April 23rd. Bank of America boosted their price target on Lam Research from $285.00 to $330.00 and gave the company a “buy” rating in a research note on Thursday, April 23rd. Susquehanna boosted their price target on Lam Research from $350.00 to $385.00 and gave the company a “positive” rating in a research note on Thursday, April 23rd. Finally, Royal Bank Of Canada boosted their price target on Lam Research from $290.00 to $310.00 and gave the company an “outperform” rating in a research note on Thursday, April 23rd. Twenty-six research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $285.94.

Lam Research Stock Up 6.7%

LRCX opened at $275.80 on Monday. Lam Research has a fifty-two week low of $72.59 and a fifty-two week high of $280.00. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.77 and a current ratio of 2.54. The company has a market capitalization of $344.91 billion, a P/E ratio of 52.04, a P/E/G ratio of 2.14 and a beta of 1.81. The stock has a fifty day moving average of $236.99 and a 200-day moving average of $202.86.

Lam Research (NASDAQ:LRCX) last posted its earnings results on Wednesday, April 22nd. The semiconductor company reported $1.47 earnings per share for the quarter, topping 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 the consensus estimate of $5.70 billion. During the same quarter last year, the firm earned $1.04 earnings per share. The company’s revenue 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 will post 5.68 EPS for the current year.

Insiders Place Their Bets

In other Lam Research news, 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 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 transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Ava Harter sold 6,010 shares of Lam Research stock in a transaction dated Monday, April 27th. The shares were sold at an average price of $258.66, for a total value of $1,554,546.60. Following the completion of the transaction, the insider owned 53,205 shares in the company, valued at approximately $13,762,005.30. This represents a 10.15% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 155,066 shares of company stock worth $35,849,242. Insiders own 0.31% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Cedar Mountain Advisors LLC grew its holdings in shares of 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 purchasing an additional 85 shares during the last quarter. Vermillion Wealth Management Inc. bought a new stake in shares of Lam Research during the first quarter worth about $26,000. PMV Capital Advisers LLC bought a new stake in shares of Lam Research during the fourth quarter worth about $25,000. Bayban bought a new stake in shares of Lam Research during the fourth quarter worth about $26,000. Finally, Mcguire Capital Advisors Inc. bought a new stake in shares of Lam Research during the fourth quarter worth about $27,000. Institutional investors own 84.61% of the company’s stock.

Key Lam Research News

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

• Positive Sentiment: Quarterly beat and bullish June-quarter guide — Lam reported stronger-than-expected March revenue and EPS and guided the June quarter higher, which traders say signals accelerating wafer-fab demand tied to AI and drove the initial re-rate. Read More.
• Positive Sentiment: New sell-side coverage: Seaport Global initiated coverage with a Buy, adding institutional validation and a fresh price target that supports further upside. Read More.
• Positive Sentiment: Consensus and analyst upgrades — Multiple firms have raised targets and the consensus rating sits at “Moderate Buy,” lifting conviction that estimates and target prices will move higher. Read More.
• Positive Sentiment: Industry capacity constraints are tightening — Coverage on KLA highlights that inspection/process-control and etch/deposition suppliers (including Lam) are running near capacity as chipmakers scale AI fabs, implying sustained equipment demand and pricing leverage. Read More.
• Positive Sentiment: Analyst bull pieces and raised TAM estimates — Several deep-dive notes (Seeking Alpha, others) argue expanding WFE and hyperscaler capex raise Lam’s long-term revenue runway and margin upside. Read More.
• Neutral Sentiment: Technical/market commentary: IBD named LRCX Stock of the Day and notes the name cleared a buy point — helpful for momentum traders but not a fundamental change. Read More.
• Neutral Sentiment: Media pieces highlighting the multi-year rally and price-target lifts — useful context on sentiment; they summarize the run-up but don’t add new company-specific catalysts. Read More.
• Negative Sentiment: Insider selling disclosure — an SVP sold ~18,170 shares under a pre-arranged 10b5-1 plan; while flagged by the market, the trade was planned and not seen as a company signal by most analysts. Read More.
• Negative Sentiment: Valuation caution — some commentary warns LRCX is approaching frothy levels after the run; that raises the risk of near-term mean reversion if macro or demand signals soften. Read More.

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.