Lam Research (NASDAQ:LRCX) Price Target Raised to $280.00 at Argus

by · The Cerbat Gem

Lam Research (NASDAQ:LRCX – Get Free Report) had its price objective raised by Argus from $175.00 to $280.00 in a research note issued on Tuesday,MarketScreener reports. Argus’ target price points to a potential upside of 20.43% from the company’s previous close.

A number of other equities analysts have also issued reports on the stock. TD Cowen raised their price target on shares of Lam Research from $170.00 to $290.00 and gave the stock a “buy” rating in a research report on Thursday, January 29th. Evercore ISI set a $275.00 target price on shares of Lam Research in a research report on Thursday. Susquehanna set a $325.00 price target on shares of Lam Research and gave the company a “positive” rating in a report on Thursday. B. Riley reiterated a “buy” rating on shares of Lam Research in a research note on Thursday, January 15th. Finally, Sanford C. Bernstein set a $275.00 target price on Lam Research in a report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, Lam Research currently has an average rating of “Moderate Buy” and a consensus target price of $243.32.

Read Our Latest Stock Report on LRCX

Lam Research Stock Performance

Shares of NASDAQ LRCX traded down $5.00 during mid-day trading on Tuesday, hitting $232.50. The stock had a trading volume of 1,989,937 shares, compared to its average volume of 13,556,296. The firm has a market cap of $290.34 billion, a PE ratio of 47.42, a PEG ratio of 2.62 and a beta of 1.78. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.61 and a current ratio of 2.26. The company has a 50 day moving average of $189.04 and a two-hundred day moving average of $147.62. Lam Research has a twelve month low of $56.32 and a twelve month high of $251.87.

Lam Research (NASDAQ:LRCX – Get Free Report) last posted its quarterly earnings results on Wednesday, January 28th. The semiconductor company reported $1.27 earnings per share for the quarter, beating 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 the consensus estimate of $5.23 billion. During the same quarter in the previous year, the business earned $0.91 EPS. The company’s quarterly revenue was up 22.1% compared to the same quarter last year. Lam Research has set its Q3 2026 guidance at 1.250-1.450 EPS. Research analysts predict that Lam Research will post 3.71 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Douglas R. Bettinger sold 40,080 shares of the company’s stock in a transaction on Friday, November 14th. The shares were sold at an average price of $150.60, for a total transaction of $6,036,048.00. Following the completion of the sale, the chief financial officer owned 987,237 shares of the company’s stock, valued at $148,677,892.20. This represents a 3.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.31% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Traphagen Investment Advisors LLC increased its stake in shares of Lam Research by 2.4% in the 4th quarter. Traphagen Investment Advisors LLC now owns 1,963 shares of the semiconductor company’s stock worth $336,000 after acquiring an additional 46 shares during the last quarter. Field & Main Bank boosted its holdings in Lam Research by 1.1% in the 4th quarter. Field & Main Bank now owns 4,615 shares of the semiconductor company’s stock valued at $790,000 after purchasing an additional 50 shares during the last quarter. Capital Advisors Ltd. LLC grew its stake in shares of Lam Research by 1.1% in the 4th quarter. Capital Advisors Ltd. LLC now owns 4,646 shares of the semiconductor company’s stock valued at $795,000 after buying an additional 51 shares during the period. Global Financial Private Client LLC raised its position in shares of Lam Research by 0.5% during the 4th quarter. Global Financial Private Client LLC now owns 11,037 shares of the semiconductor company’s stock valued at $1,889,000 after buying an additional 52 shares during the period. Finally, WealthCollab LLC grew its position in Lam Research by 29.3% in the fourth quarter. WealthCollab LLC now owns 243 shares of the semiconductor company’s stock worth $42,000 after acquiring an additional 55 shares during the period. 84.61% of the stock is currently owned by institutional investors and hedge funds.

About Lam Research

(Get Free Report)

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.

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