Lam Research (NASDAQ:LRCX) Trading 1.1% Higher – Still a Buy?

22 Aug 2026, 12:20 by Sarita Garza · The Markets Daily

Lam Research Corporation (NASDAQ:LRCX – Get Free Report) shares shot up 1.1% during mid-day trading on Thursday . The stock traded as high as $312.54 and last traded at $310.53. Approximately 6,014,746 shares changed hands during mid-day trading, a decline of 46% from the average session volume of 11,216,807 shares. The stock had previously closed at $307.17.

Analysts Set New Price Targets

LRCX has been the subject of several recent analyst reports. Cantor Fitzgerald set a $500.00 target price on shares of Lam Research and gave the stock an “overweight” rating in a research note on Monday, June 29th. Needham & Company LLC reiterated a “buy” rating and set a $390.00 price target on shares of Lam Research in a research note on Thursday, July 30th. UBS Group reissued a “buy” rating and set a $375.00 price target (up from $310.00) on shares of Lam Research in a report on Tuesday, June 9th. Wells Fargo & Company restated an “overweight” rating and issued a $350.00 price objective (down from $450.00) on shares of Lam Research in a research report on Thursday, July 30th. Finally, Stifel Nicolaus lifted their price objective on Lam Research from $325.00 to $425.00 and gave the company a “buy” rating in a report on Friday, July 10th. One research analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $358.47.

View Our Latest Report on LRCX

Lam Research Stock Up 1.1%

The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.91 and a current ratio of 2.63. The firm’s 50-day moving average is $337.47 and its 200 day moving average is $286.09. The firm has a market capitalization of $392.91 billion, a PE ratio of 54.51, a price-to-earnings-growth ratio of 1.23 and a beta of 1.84.

Lam Research (NASDAQ:LRCX – Get Free Report) last posted its earnings results on Wednesday, July 29th. The semiconductor company reported $1.82 earnings per share for the quarter, beating the consensus estimate of $1.69 by $0.13. The firm had revenue of $6.72 billion during the quarter, compared to the consensus estimate of $6.66 billion. Lam Research had a net margin of 31.27% and a return on equity of 67.60%. The firm’s revenue for the quarter was up 30.0% on a year-over-year basis. During the same period last year, the firm posted $1.33 EPS. Lam Research has set its Q1 2027 guidance at 2.000-2.300 EPS. As a group, research analysts forecast that Lam Research Corporation will post 9.32 earnings per share for the current fiscal year.

Insider Transactions at Lam Research

In other news, SVP Neil J. Fernandes sold 7,659 shares of the business’s stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $309.60, for a total value of $2,371,226.40. Following the completion of the transaction, the senior vice president owned 58,470 shares of the company’s stock, valued at $18,102,312. The trade was a 11.58% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Abhijit Y. Talwalkar sold 18,282 shares of Lam Research stock in a transaction that occurred on Monday, July 13th. The stock was sold at an average price of $335.00, for a total transaction of $6,124,470.00. Following the completion of the sale, the director directly owned 87,142 shares of the company’s stock, valued at $29,192,570. The trade was a 17.34% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 80,441 shares of company stock valued at $27,614,296 in the last ninety days. Corporate insiders own 0.31% of the company’s stock.

Hedge Funds Weigh In On Lam Research

Large investors have recently added to or reduced their stakes in the business. Paladin Partners LLC purchased a new position in shares of Lam Research during the 2nd quarter worth about $26,000. Bravera Wealth purchased a new stake in Lam Research in the second quarter valued at approximately $46,000. Cedar Mountain Advisors LLC grew its holdings in Lam Research by 242.9% in the first quarter. Cedar Mountain Advisors LLC now owns 120 shares of the semiconductor company’s stock valued at $26,000 after purchasing an additional 85 shares during the period. Comprehensive Financial Planning Inc. PA acquired a new position in Lam Research during the second quarter worth approximately $52,000. Finally, Vermillion Wealth Management Inc. purchased a new position in Lam Research during the first quarter worth approximately $26,000. 84.61% of the stock is currently owned by hedge funds and other institutional investors.

Lam Research Company Profile

(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.