Lam Research Corporation (LRCX) Stock Analysis
Breakout setup
Technology · Semiconductor Equipment & Materials
Hold if already holding. Not a fresh buy at $389.36, but acceptable to hold if already in. Reasons: Concentration risk — Geographic: non-U.S. sales (93.0%); Concentration risk — Customer: Samsung Electronics Company and Taiwan Semiconductor Manufacturing Company.
Lam Research supplies wafer fabrication equipment (deposition, etch, clean) and aftermarket services (CSBG) to global semiconductor memory, foundry, and IDM customers. Non-U.S. sales constituted approximately 93% of total revenue in fiscal 2025; Samsung Electronics and TSMC are... Read more
Hold if already holding. Not a fresh buy at $389.36, but acceptable to hold if already in. Reasons: Concentration risk — Geographic: non-U.S. sales (93.0%); Concentration risk — Customer: Samsung Electronics Company and Taiwan Semiconductor Manufacturing Company. Chart setup: Golden cross, above all MAs, RSI 70, MACD bullish. Downgraded from BUY WAIT — price $389.54 has reached target $385.21. No upside to wait for. Score 6.0/10, moderate confidence.
Passes 7/8 gates (positive momentum, clean insider activity, no SEC red flags, news events none recent, earnings proximity 44d clear, semi cycle peak clear, materials cycle peak clear). Fails on favorable risk/reward ratio. Suitability: aggressive.
Recent developments
updated 2026-06-15Recent Developments — Lam Research Corporation
Latest news
- NEWS Lam Research (NASDAQ:LRCX) Shares Down 1.2% - Time to Sell? - MarketBeat — MarketBeat negative
- NEWS Investors Love Lam Research Stock - Shorting OTM Puts in Huge, Unusual Volume - Barchart.com — Barchart.com positive
- NEWS Investors Love Lam Research Stock - Shorting OTM Puts in Huge, Unusual Volume - Barchart — Barchart positive
- NEWS Mizuho raises Lam Research stock price target to $380 on WFE outlook - Investing.com — Investing.com positive
- NEWS Lam Research Rose 16% This Week. Here’s How Much the Stock Could Rise in 2026 - TIKR.com — TIKR.com positive
Generated 2026-06-15T18:11:46Z.
Upcoming dated catalysts
Thesis
Key Metrics
Quality Signals
Options Flow
Concentration Risks(10-K Item 1A)
- HIGHGeographicnon-U.S. sales93%10-K Item 1A: 'Non-U.S. sales...accounted for approximately 93%, 93%, and 91% of total revenue in fiscal years 2025, 2024, and 2023, respectively'
- HIGHCustomerSamsung Electronics Company and Taiwan Semiconductor Manufacturing Company10-K Item 1: 'Our most significant customers during the fiscal years ending June 29, 2025, June 30, 2024, and June 25, 2023 included Samsung Electronics Company, Ltd. and Taiwan Semiconductor Manufacturing Company'
- HIGHSuppliersingle-source components10-K Item 1: 'Certain components and sub-assemblies that we include in our products may only be obtained from a single supplier'
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Rating Breakdown
2 floor-breakers·2 ceiling hits
Priced at a premium — multiples above sector norms. Needs delivery on growth + margins to justify.static
Technicals below the gate floor. Component breakdown shows what dragged the score down.static
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Hold if already holding. Not a fresh buy at $389.36, but acceptable to hold if already in. Reasons: Concentration risk — Geographic: non-U.S. sales (93.0%); Concentration risk — Customer: Samsung Electronics Company and Taiwan Semiconductor Manufacturing Company. Chart setup: Golden cross, above all MAs, RSI 70, MACD bullish. Downgraded from BUY WAIT — price $389.54 has reached target $385.21. No upside to wait for. Target $385.21 (-1.1%), stop $293.04 (−32.9%), A.R:R -1.6:1. Score 6.0/10, moderate confidence.
Take-profit target: $385.21 (+22.3% upside). Target $385.21 (-1.1%), stop $293.04 (−32.9%), A.R:R -1.6:1. Stop-loss: $293.04.
Concentration risk — Geographic: non-U.S. sales (93.0%); Concentration risk — Customer: Samsung Electronics Company and Taiwan Semiconductor Manufacturing Company; Analyst target reached - limited upside remaining.
Lam Research Corporation trades at a P/E of 69.5 (forward 46.0). TrendMatrix value score: 2.3/10. Verdict: Hold.
42 analysts cover LRCX with a consensus score of 4.0/5. Average price target: $323.
What does Lam Research Corporation do?Lam Research supplies wafer fabrication equipment (deposition, etch, clean) and aftermarket services (CSBG) to global...
Lam Research supplies wafer fabrication equipment (deposition, etch, clean) and aftermarket services (CSBG) to global semiconductor memory, foundry, and IDM customers. Non-U.S. sales constituted approximately 93% of total revenue in fiscal 2025; Samsung Electronics and TSMC are the most significant customers.