Lam Research (NASDAQ:LRCX) Stock Price Expected to Rise, BNP Paribas Exane Analyst Says
by Teresa Graham · The Cerbat GemLam Research (NASDAQ:LRCX – Get Free Report) had its price objective hoisted by analysts at BNP Paribas Exane from $250.00 to $260.00 in a research note issued to investors on Thursday,MarketScreener reports. The brokerage currently has a “neutral” rating on the semiconductor company’s stock. BNP Paribas Exane’s price target points to a potential downside of 2.91% from the company’s current price.
Several other equities research analysts have also recently commented on LRCX. Sanford C. Bernstein increased their price target on Lam Research from $285.00 to $325.00 and gave the company an “outperform” rating in a report on Thursday. KeyCorp reissued a “sector weight” rating on shares of Lam Research in a research note on Thursday, January 29th. UBS Group set a $300.00 target price on Lam Research in a report on Thursday, January 29th. JPMorgan Chase & Co. raised their target price on Lam Research from $165.00 to $300.00 and gave the stock an “overweight” rating in a research note on Thursday, January 29th. Finally, The Goldman Sachs Group reiterated a “buy” rating and set a $290.00 price target on shares of Lam Research in a report on Thursday. Twenty-six research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $283.65.
Get Our Latest Stock Analysis on Lam Research
Lam Research Stock Performance
LRCX opened at $267.78 on Thursday. Lam Research has a twelve month low of $68.53 and a twelve month high of $275.84. The firm has a market capitalization of $334.40 billion, a PE ratio of 50.52, a PEG ratio of 2.69 and a beta of 1.78. The company has a current ratio of 2.54, a quick ratio of 1.61 and a debt-to-equity ratio of 0.35. The firm’s 50-day moving average price is $234.99 and its 200 day moving average price is $197.84.
Lam Research (NASDAQ:LRCX – Get Free Report) last released its quarterly earnings data on Wednesday, April 22nd. The semiconductor company reported $1.47 EPS for the quarter, beating analysts’ consensus estimates of $1.36 by $0.11. Lam Research had a net margin of 30.94% and a return on equity of 66.21%. The company had revenue of $5.84 billion during the quarter, compared to the consensus estimate of $5.70 billion. During the same quarter in the prior year, the firm earned $1.04 EPS. Lam Research’s quarterly 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. As a group, sell-side analysts expect that Lam Research will post 5.43 EPS for the current fiscal year.
Insider Buying and Selling at Lam Research
In related news, CFO Douglas R. Bettinger sold 50,057 shares of the firm’s stock in a transaction dated 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 completion of the sale, the chief financial officer directly owned 1,081,705 shares of the company’s stock, valued at approximately $242,334,371.15. This trade represents a 4.42% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 completion of the sale, the insider owned 53,205 shares in the company, valued at approximately $11,846,625.30. This trade represents a 2.74% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 130,886 shares of company stock worth $29,658,802 over the last quarter. 0.31% of the stock is currently owned by company insiders.
Institutional Inflows and Outflows
Several hedge funds have recently bought and sold shares of LRCX. Vanguard Group Inc. raised its stake in shares of Lam Research by 0.3% in the 3rd quarter. Vanguard Group Inc. now owns 130,974,214 shares of the semiconductor company’s stock valued at $17,537,447,000 after acquiring an additional 364,949 shares during the period. State Street Corp boosted its position in shares of Lam Research by 0.4% during the 3rd quarter. State Street Corp now owns 59,817,352 shares of the semiconductor company’s stock worth $8,024,684,000 after purchasing an additional 265,805 shares during the period. Geode Capital Management LLC increased its holdings in Lam Research by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 33,747,368 shares of the semiconductor company’s stock valued at $5,764,117,000 after purchasing an additional 126,613 shares during the last quarter. Invesco Ltd. increased its holdings in Lam Research by 7.7% in the 4th quarter. Invesco Ltd. now owns 22,821,354 shares of the semiconductor company’s stock valued at $3,906,559,000 after purchasing an additional 1,638,406 shares during the last quarter. Finally, Norges Bank purchased a new stake in Lam Research in the fourth quarter valued at approximately $3,645,427,000. Hedge funds and other institutional investors own 84.61% of the company’s stock.
More Lam Research News
Here are the key news stories impacting Lam Research this week:
- Positive Sentiment: Q3 results beat expectations (EPS $1.47, revenue $5.84B) and management gave strong FY guidance tied to AI demand — investors view this as confirmation of a multi-year WFE upcycle. Earnings & press coverage
- Positive Sentiment: Major analysts have lifted price targets across the board (examples: TD Cowen $340, Susquehanna $385, JPMorgan $315, BofA $330), signaling upgraded revenue and margin forecasts driven by AI memory and logic chip spending. Analyst target upgrades
- Positive Sentiment: Several bank research notes reiterated buy/outperform ratings and sizable upside, reinforcing momentum and prompting institutional buyers to add exposure. Deutsche Bank price target raise
- Neutral Sentiment: Broad market action (Dow slip while Nasdaq gains) and strong moves in other chip names (Intel, AMD, Arm) contributed to sector flow into semiconductor-equipment names including LRCX. Market breadth coverage
- Neutral Sentiment: Not all firms moved to buy: a few kept neutral/equal-weight stances (e.g., Morgan Stanley, BNP Paribas), showing some analysts want to see more cycles of delivery before upgrading conviction. Morgan Stanley note
- Negative Sentiment: Valuation concerns: commentary and analysis warn the stock reflects a lot of AI upside already — some investors may view multiple and momentum as stretched, which could amplify pullbacks on any growth-slow surprises. Valuation caution analysis
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.