Susquehanna Reiterates Buy Rating for Lam Research
Susquehanna maintains its buy rating on Lam Research with a $475 price target, a 23.08% upside from the current price.
Key Points
- Susquehanna reiterated its buy rating on Lam Research Corporation (LRCX) with a $475 price target on June 30, 2026.
- Susquehanna's $475 price target implies 23.08% upside from Lam Research Corporation's ($LRCX) current $385.93 share price.
- Lam Research, trading at $410.36 on Tuesday, has a market cap of $474.1 billion and a P/E ratio of 71.39.
- Recent insider activity includes planned sales by Eric Brandt and Neil Fernandes, while several analysts maintain buy ratings.
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Susquehanna has reiterated its buy rating for Lam Research Corporation (NasdaqGS: LRCX) with a price target of $475. This reaffirmation came on June 30, 2026, as analyst Mehdi Hosseini continues to see potential in the semiconductor equipment maker.
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Lam Research Corporation Stock Up 27.8%
Shares of Lam Research traded near $410.36 on Tuesday. The company boasts a market capitalization of approximately $474.1 billion. Its price-to-earnings (P/E) ratio stands at 71.39, with a forward P/E of 47.34. Lam Research's stock has seen a 52-week low of $90.94 and a high of $409.75. The stock's 50-day moving average is $310.35, while the 200-day moving average is $217.19. The company maintains a current ratio of 2.54 and a quick ratio of 1.70, with a debt-to-equity ratio of 35.28.
$LRCX price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Recent Earnings
Lam Research reported revenue of $21.7 billion with a growth rate of 23.8%. The company achieved a net margin of 30.9% and a return on equity (ROE) of 66.8%. Its earnings per share (EPS) was $5.31. The next earnings report is anticipated on July 29, 2026.
Dividend
Lam Research offers an annual dividend rate of $1.04, yielding 0.27%. The dividend payout ratio is 19.1%.
Insider Buying and Selling at Lam Research Corporation
Recent insider transactions at Lam Research include planned sales by Eric Brandt, who sold 54,500 shares on both June 11 and June 12, 2026, at average prices of $350.80 and $367.18, respectively. Neil Fernandes, Senior Vice President, executed planned sales on June 1, 2026, selling 7,659 shares at $309.60. On May 1, 2026, he sold 18,170 shares at $255.14. Chief Legal Officer Ava Harter sold 6,010 shares at $258.66 on April 27, 2026, and purchased 6,010 shares at $77.04 on the same day.
Analysts Set New Price Targets
On June 30, 2026, Susquehanna maintained its buy rating for Lam Research with a target price of $475. Cantor Fitzgerald reaffirmed its buy rating on June 29, 2026, with a $500 target. B of A Securities and Wells Fargo also maintained buy ratings, with targets of $480 and $450, respectively. The consensus recommendation for Lam Research remains a buy, with a mean target price of $340.58 based on 31 analyst opinions.
About Lam Research
Lam Research Corporation, headquartered in Fremont, California, designs and manufactures equipment used in semiconductor processing. The company serves clients across the U.S., China, Korea, Taiwan, Japan, Southeast Asia, and Europe. It provides a variety of products for deposition, etch, and clean processes, as well as customer support and upgrades. Led by CEO Timothy M. Archer, Lam Research employs around 20,600 people and continues to innovate in the semiconductor equipment sector.
Bottom Line
Susquehanna's reaffirmation of a buy rating with a $475 target underlines confidence in Lam Research's growth prospects. Investors keep a close watch on such analyst insights, though it's essential to remember that these ratings are based on past performance and projections. Lam Research remains a key player in the semiconductor equipment industry, with robust financial metrics and ongoing innovation.
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