Lam Research stock hits 52-week high at 103.9 USD

Lam Research Corp (NASDAQ:LRCX)’s stock reached a notable milestone, hitting a 52-week high of 103.9 USD. This achievement underscores the company’s robust performance over the past year, with a 27.4% total return. The stock’s momentum is particularly impressive, with a 41.7% gain year-to-date and a market capitalization now exceeding $129 billion. The semiconductor equipment manufacturer has been benefiting from increased demand in the tech sector, demonstrated by its strong 23.7% revenue growth and impressive 48.7% gross margin. The new 52-week high reflects positive market sentiment and the company’s strategic positioning in a rapidly evolving industry. According to InvestingPro analysis, while the company shows great financial health, the stock appears to be trading above its Fair Value, with 22 analysts recently revising their earnings expectations upward for the upcoming period.

In other recent news, Lam Research reported its fourth-quarter 2025 earnings, surpassing Wall Street expectations with a revenue of $5.17 billion and an earnings per share (EPS) of $1.33. These figures exceeded the forecasted $4.99 billion in revenue and $1.20 EPS. The company also provided guidance for the September quarter, projecting $5.20 billion in revenue, which is above the analysts’ estimates of $4.7 billion. In response to these strong financial results, several analysts have adjusted their price targets for Lam Research. Stifel and Needham both raised their price targets to $115, citing record foundry segment results and increased demand from China. Mizuho (NYSE:MFG) set a higher price target of $120, highlighting a better outlook for China. However, Summit Insights downgraded Lam Research from Buy to Hold, pointing to expected moderation in wafer fabrication equipment spending in 2026. Despite this, Summit Insights maintains a positive outlook on technological advancements, such as Gate-All-Around and dry EUV photo resist, as potential growth drivers.

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