Company newsLRCX
Explain this story: Lam Research (NASDAQ:LRCX) Stock Price Up 3.5% on Analyst Upgrade
Lam Research (NASDAQ:LRCX) shares increased by 3.5% following an analyst upgrade from B. Riley Financial, which raised its price target from $350 to $390 while maintaining a "buy" rating. The semiconductor company also reported strong quarterly earnings, with EPS of $1.82 surpassing estimates and revenue growing 30% year-over-year. Additionally, Lam Research announced an increase in its quarterly dividend from $0.26 to $0.33 per share.
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Lam Research (NASDAQ:LRCX) shares increased by 3.5% following an analyst upgrade from B. Riley Financial, which raised its price target from $350 to $390 while maintaining a "buy" rating. The semiconductor company also reported strong quarterly earnings, with EPS of $1.82 surpassing estimates and revenue growing 30% year-over-year. Additionally, Lam Research announced an increase in its quarterly dividend from $0.26 to $0.33 per share.
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Published Oct 1, 2026, 17:05 ET · on this site +1h 21m