B of A Securities Reiterates Buy Rating for Lam Research
B of A Securities has reiterated its Buy rating on Lam Research with a price target of $480, a 22.17% upside from the current price.
Key Points
- B of A Securities has maintained its Buy rating on Lam Research Corporation (LRCX) and set a price target of $480 as of June 23, 2026.
- B of A Securities's $480 price target implies 22.17% upside from Lam Research Corporation's ($LRCX) current $392.88 share price.
- Shares of Lam Research traded at $398.1 on Tuesday, with the company having a market cap of approximately $512.1 billion and a P/E ratio of 77.4.
- Several insiders have sold shares in planned transactions, while analysts consistently maintain a Buy consensus with a target mean price of $335.74.
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B of A Securities has reiterated its Buy rating on Lam Research Corporation (NasdaqGS: LRCX), setting a price target of $480. This update was made on June 23, 2026, as analyst Vivek Arya continues to see potential for the semiconductor equipment maker.
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Lam Research Corporation Stock Up 30.1%
Shares of Lam Research traded near $398.1 on Tuesday. The company boasts a market cap of approximately $512.1 billion and a P/E ratio of 77.4. With a beta of 1.868, the stock has experienced a 52-week range between $90.29 and $409.75. The 50-day moving average is $298.16, and the 200-day moving average is $210.07. Lam Research maintains a current ratio of 2.54 and a quick ratio of 1.70, indicating solid liquidity.
$LRCX price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Recent Earnings
Lam Research reported revenue of $21.68 billion with a revenue growth of 23.8%. The company achieved a net margin of 30.9% and a return on equity of 66.8%. The next earnings report is expected on July 29, 2026.
Dividend
Lam Research pays an annual dividend rate of $1.04, yielding 0.27%. The dividend payout ratio is 19.1%, reflecting a conservative approach to returning capital to shareholders.
Insider Buying and Selling at Lam Research Corporation
Several insiders at Lam Research have been active in the market. On June 12, 2026, Eric Brandt sold 54,500 shares at an average price of $367.18 in a planned transaction. Similarly, on June 1, 2026, Neil Fernandes, Senior Vice President, sold 7,659 shares at $309.60, also under a planned sale. Ava Harter, Chief Legal Officer, was involved in both buying and selling on April 27, 2026, purchasing 6,010 shares at $77.04 and selling the same amount at $258.66.
Analysts Set New Price Targets
On June 23, 2026, B of A Securities maintained its Buy rating for Lam Research with a price target of $480. Wells Fargo reiterated a Buy rating with a target of $450 on June 22, while Citigroup set the same target on June 17. Oppenheimer maintained a Buy with a $400 target on June 15. The consensus among analysts is a Buy, with a target mean price of $335.74 across 31 opinions.
About Lam Research Corporation
Lam Research Corporation, headquartered in Fremont, California, designs and manufactures semiconductor processing equipment used in the creation of integrated circuits. Founded in 1980, the company operates globally, with significant operations in Asia and Europe. Under the leadership of CEO Timothy M. Archer, Lam Research employs around 20,600 people and produces systems for various semiconductor fabrication processes.
Bottom Line
B of A Securities' reiterated Buy rating and $480 price target on Lam Research highlights continued confidence in the company's prospects. Investors closely watch Lam Research for its role in the semiconductor industry, a sector known for its rapid technological advancements. It's important to note that analyst ratings are forward-looking and reflect opinions at the time of publication.
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