Lam Research stock rose 1.9% amid several recent company developments. On February 17, the company opened a new 9,200 square foot office in Boise, Idaho, designed to accommodate approximately 150 employees focused on collaborative research, development, and manufacturing of Micron Technology's advanced memory chips. Micron is one of Lam Research's largest customers. Additionally, on February 5, Lam's Board of Directors approved a quarterly cash dividend of $0.26 per share, payable April 8 to shareholders on record by March 4, 2026. This represents an increase from the previous $0.23 quarterly dividend declared in September 2025. Multiple analysts have recently raised their price targets for LRCX, with consensus ratings at "Moderate Buy" and a target price of $244.88. Erste Group Bank raised its FY2026 EPS estimate to $5.31.
Read full analysisLam Research stock rose 1.9% amid several recent company developments. On February 17, the company opened a new 9,200 square foot office in Boise, Idaho, designed to accommodate approximately 150 employees focused on collaborative research, development, and manufacturing of Micron Technology's advanced memory chips. Micron is one of Lam Research's largest customers. Additionally, on February 5, Lam's Board of Directors approved a quarterly cash dividend of $0.26 per share, payable April 8 to shareholders on record by March 4, 2026. This represents an increase from the previous $0.23 quarterly dividend declared in September 2025. Multiple analysts have recently raised their price targets for LRCX, with consensus ratings at "Moderate Buy" and a target price of $244.88. Erste Group Bank raised its FY2026 EPS estimate to $5.31.
Lam Research is a major semiconductor equipment manufacturer, supplying the etch, deposition, and cleaning tools that chipmakers use to fabricate advanced processors and memory chips. The company recently beat Q2 estimates with $1.27 adjusted EPS on $5.34 billion in revenue, and multiple analysts — including BofA, TD Cowen, and RBC Capital — have raised price targets citing a projected $135 billion AI-driven equipment spending wave in 2026. Today's gain reflects the broader semiconductor sector rally rather than any company-specific development.