Cantor Fitzgerald Increases Lam Research (NASDAQ:LRCX) Price Target to $120.00
Cantor Fitzgerald has raised its price target for Lam Research (NASDAQ:LRCX) from $115.00 to $120.00, maintaining an "overweight" rating. This new target suggests a potential upside of 20.38% from the current price. Other analysts have also upgraded their ratings, with a consensus price target of $107.30. Lam Research reported strong earnings, exceeding estimates with a revenue of $5.17 billion and a net margin of 29.07%. The company is involved in semiconductor processing equipment manufacturing.
Lam Research (NASDAQ:LRCX - Get Free Report) had its price target boosted by stock analysts at Cantor Fitzgerald from $115.00 to $120.00 in a report released on Thursday,Benzinga reports. The brokerage presently has an "overweight" rating on the semiconductor company's stock. Cantor Fitzgerald's price target points to a potential upside of 20.38% from the company's current price.
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Other research analysts have also issued reports about the stock. The Goldman Sachs Group began coverage on shares of Lam Research in a report on Thursday, July 10th. They issued a "buy" rating and a $115.00 target price on the stock. Raymond James Financial upped their target price on shares of Lam Research from $90.00 to $110.00 and gave the company an "outperform" rating in a report on Thursday, July 31st. UBS Group upped their target price on shares of Lam Research from $95.00 to $120.00 and gave the company a "buy" rating in a report on Monday, July 21st. Barclays set a $83.00 target price on shares of Lam Research and gave the company an "equal weight" rating in a report on Monday, July 28th. Finally, KeyCorp upped their target price on shares of Lam Research from $105.00 to $115.00 and gave the company an "overweight" rating in a report on Tuesday, July 15th. Twenty research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $107.30.
Get Our Latest Report on LRCX
Lam Research Price Performance
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Shares of NASDAQ LRCX opened at $99.6820 on Thursday. The firm has a market capitalization of $126.16 billion, a P/E ratio of 23.96, a PEG ratio of 1.30 and a beta of 1.65. Lam Research has a one year low of $56.32 and a one year high of $108.02. The company's fifty day moving average is $98.06 and its two-hundred day moving average is $84.32. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.55 and a current ratio of 2.21.
Lam Research (NASDAQ:LRCX - Get Free Report) last issued its earnings results on Wednesday, July 30th. The semiconductor company reported $1.33 EPS for the quarter, topping the consensus estimate of $1.21 by $0.12. Lam Research had a net margin of 29.07% and a return on equity of 58.17%. The company had revenue of $5.17 billion for the quarter, compared to analyst estimates of $4.99 billion. During the same period in the previous year, the firm earned $1.03 EPS. The business's revenue was up 33.6% on a year-over-year basis. Lam Research has set its Q1 2026 guidance at 1.100-1.300 EPS. Analysts forecast that Lam Research will post 3.71 EPS for the current fiscal year.
Hedge Funds Weigh In On Lam Research
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A number of institutional investors and hedge funds have recently bought and sold shares of LRCX. Smallwood Wealth Investment Management LLC bought a new position in Lam Research during the first quarter worth $26,000. IMG Wealth Management Inc. bought a new position in Lam Research during the second quarter worth $26,000. West Paces Advisors Inc. bought a new position in Lam Research during the fourth quarter worth $27,000. Mpwm Advisory Solutions LLC bought a new position in Lam Research during the fourth quarter worth $27,000. Finally, Howard Hughes Medical Institute bought a new position in Lam Research during the second quarter worth $27,000. Hedge funds and other institutional investors own 84.61% of the company's stock.
About Lam Research
(Get Free Report)Lam Research Corporation designs, manufactures, markets, refurbishes, and services semiconductor processing equipment used in the fabrication of integrated circuits. The company offers ALTUS systems to deposit conformal films for tungsten metallization applications; SABRE electrochemical deposition products for copper interconnect transition that offers copper damascene manufacturing; SOLA ultraviolet thermal processing products for film treatments; and VECTOR plasma-enhanced CVD ALD products.
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