Lam Research (NASDAQ:LRCX) Price Target Raised to $325.00 at Stifel Nicolaus

23 Apr 2026, 11:06 by Scott Moore · The Cerbat Gem

Lam Research (NASDAQ:LRCX – Get Free Report) had its target price hoisted by equities research analysts at Stifel Nicolaus from $300.00 to $325.00 in a note issued to investors on Thursday,MarketScreener reports. The brokerage currently has a “buy” rating on the semiconductor company’s stock. Stifel Nicolaus’ price objective indicates a potential upside of 22.74% from the company’s previous close.

Other research analysts have also recently issued research reports about the company. Morgan Stanley raised their price target on Lam Research from $254.00 to $260.00 and gave the stock an “equal weight” rating in a research report on Monday, April 6th. Royal Bank Of Canada upped their price target on shares of Lam Research from $290.00 to $310.00 and gave the stock an “outperform” rating in a report on Thursday. TD Cowen boosted their price objective on shares of Lam Research from $170.00 to $290.00 and gave the company a “buy” rating in a research report on Thursday, January 29th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $300.00 target price on shares of Lam Research in a report on Wednesday, April 15th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Lam Research in a research note on Friday, April 10th. Twenty-seven analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $272.73.

View Our Latest Report on LRCX

Lam Research Stock Down 0.3%

NASDAQ LRCX opened at $264.79 on Thursday. The company has a current ratio of 2.26, a quick ratio of 1.61 and a debt-to-equity ratio of 0.37. Lam Research has a 1-year low of $67.55 and a 1-year high of $273.50. The company has a 50 day moving average of $233.80 and a 200-day moving average of $196.58. The company has a market cap of $330.67 billion, a price-to-earnings ratio of 54.26, a PEG ratio of 2.75 and a beta of 1.78.

Lam Research (NASDAQ:LRCX – Get Free Report) last issued its quarterly earnings results on Wednesday, April 22nd. The semiconductor company reported $1.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.36 by $0.11. The business had revenue of $5.84 billion for the quarter, compared to the consensus estimate of $5.70 billion. Lam Research had a return on equity of 62.81% and a net margin of 30.22%.The firm’s quarterly revenue was up 23.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.04 earnings per share. Lam Research has set its Q4 2026 guidance at 1.500-1.800 EPS. On average, equities research analysts expect that Lam Research will post 5.3 earnings per share for the current fiscal year.

Insider Buying and Selling at Lam Research

In related news, CFO Douglas R. Bettinger sold 50,057 shares of Lam Research stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $224.03, for a total transaction of $11,214,269.71. Following the completion of the transaction, the chief financial officer owned 1,081,705 shares of the company’s stock, valued at $242,334,371.15. This trade represents a 4.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Eric Brandt sold 35,000 shares of the stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $225.60, for a total value of $7,896,000.00. Following the sale, the director owned 253,705 shares of the company’s stock, valued at approximately $57,235,848. The trade was a 12.12% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 130,886 shares of company stock valued at $29,658,802. 0.31% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Lam Research

Several institutional investors have recently added to or reduced their stakes in LRCX. Vanguard Group Inc. increased 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 in the last quarter. 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 in the last quarter. Geode Capital Management LLC grew its stake in shares of 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 buying an additional 126,613 shares during the period. Invesco Ltd. raised its stake in Lam Research by 7.7% during the 4th quarter. Invesco Ltd. now owns 22,821,354 shares of the semiconductor company’s stock worth $3,906,559,000 after buying an additional 1,638,406 shares during the period. Finally, Norges Bank bought a new position in Lam Research in the fourth quarter worth approximately $3,645,427,000. 84.61% of the stock is owned by institutional investors and hedge funds.

Lam Research News Summary

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

Positive Sentiment: Lam reported fiscal Q3 results above estimates — $1.47 non-GAAP EPS vs. $1.36 consensus and $5.84B revenue (up 23.8% YoY). The release highlights record revenue and improved margins that underpinned the rally. PR Newswire
Positive Sentiment: Management raised FYQ4 guidance: EPS $1.50–1.80 and revenue guidance midpoint (~$6.6B) came in above street expectations, signaling continued WFE strength. That upside to guidance is a primary driver of the rally. MarketBeat — Earnings
Positive Sentiment: AI-driven chip demand is cited repeatedly as the demand engine — analysts and press note expanding spending on AI logic and memory fabs is lifting orders and margins for Lam’s etch/dep tools. Globe and Mail — Deep Dive
Positive Sentiment: Wall Street raised targets and reiterated buys after the beat — examples include Needham ($300), BofA ($330) and TD Cowen ($340) — adding momentum as analysts push valuation higher. TipRanks — Ratings
Neutral Sentiment: The company’s earnings call transcript and slide deck are available for investors digging into product-level demand, backlog and capex cadence. Seeking Alpha — Call Transcript
Neutral Sentiment: Lam is named as a supplier for large-scale projects (e.g., Tesla Terafab), which supports long-duration revenue potential but requires execution and timelines to play out. Barchart — Terafab
Negative Sentiment: Some commentators warn LRCX faces an earnings “test” after a sharp pre-report rally; elevated valuation metrics (P/E >50) mean expectations are high and leave limited room for disappointment. Seeking Alpha — Caution

About Lam Research

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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.