LRCX Stock Price Today (September 2026) — Lam Research Corporation Analysis & Key Metrics 2026-09-03
Lam Research Corporation (LRCX) is trading at $292.66, up 1.51% today (as of September 2026). The stock continues to show mixed signals with a short-term dip within a broader uptrend, attracting attention from investors looking for Technology growth opportunities.
- According to consensus analyst estimates, the 1-year price target is $371.19 (26.8% upside).
- Volatility remains elevated (40.62% annualized), implying wide price swings for short-term traders.
- The fundamental picture, based on the latest financial filings, is nuanced: solid revenue growth (30.00% YoY) alongside significant competitive pressures.
LRCX Stock Analysis: Key Metrics & Valuation (September 2026)
Concise, actionable data for investors
Lam Research Corporation - Historical Price & Volume
Market Cap
Enterprise Value: $376.32B
P/E Ratio
Forward P/E: 26.09
Revenue Growth
Year over Year
Analyst Target
+26.8% upside potential
Key Investor Questions About LRCX
What investors need to know before buying
Based on current market data, LRCX presents a neutral technical setup with caution warranted fundamentals.
- Technicals say: Neutral (RSI 39.30)
- Fundamentals say: Caution warranted (high leverage concerns)
LRCX's growth trajectory depends on its ability to expand within the Semiconductor Equipment & Materials sector while managing margin pressures.
- Future growth will depend on performance in core Semiconductor Equipment & Materials operations.
- The ability to manage competitive pressures will be crucial for sustained growth.
The primary risks for LRCX investors include debt exposure and competitive dynamics in the Semiconductor Equipment & Materials industry.
- $4.12B in debt could be a headwind in a high-rate environment.
- Fierce competition from established players in Semiconductor Equipment & Materials.
52-Week Trading Range
Over the past year, LRCX stock traded between $94.11 and $438.50—recovering meaningfully from lows and currently near the higher end. Big swings are likely unless a major catalyst emerges.
Volatility & Risk Profile
With 40.62% annualized volatility and β=2.41, the stock exhibits high sensitivity to market moves—making LRCX suitable for investors comfortable with active risk management.
Institutional & Insider Ownership
High institutional backing, but elevated short interest signals a potential battleground stock.
Analyst Sentiment & Price Targets
Latest News & Headlines
Recent headlines and coverage
This Chip Equipment Stock Just Raised Its Dividend by 26.9%.
Lam Research raised its quarterly dividend by 26.9% to $0.33 per share after posting record June-quarter revenue.
Lam Research (LRCX) Rises Higher Than Market: Key Facts
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Lam Research (LRCX) Stock Looks Fully Priced After Its Big Run
Lam Research stock has delivered very strong long term gains over the past five years, yet the broader valuation checks now lean toward the shares looking expensive rather than like a clear bargain. After such a strong run, the recent pullback raises a simple question for investors about what kind of expectations are now built into the price. The stock has returned about 420.5% over five years, which suggests that a lot of optimism is already reflected in Lam Research’s market value. Lam...
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Lam Research Corporation (LRCX) is Exploring Growth Opportunities in the Semiconductor Equipment Market
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Frequently Asked Questions
Common investor questions about Lam Research Corporation
Lam Research Corporation (LRCX) is currently trading at $292.66. The RSI (14-day) is at 39.3, indicating neutral territory. Wall Street analysts have a consensus "strong_buy" recommendation. The mean analyst price target of $371.19 implies 26.8% upside from current levels. Volatility is high at 40.6% annualized, meaning significant price swings are common. Investors should consider their risk tolerance, investment horizon, and portfolio diversification before making a decision.
Based on current valuation metrics for Lam Research Corporation (LRCX): The trailing P/E ratio is 50.72, which is above the market average, indicating investors are pricing in higher growth expectations. The forward P/E is 26.09, lower than the trailing P/E, suggesting analysts expect earnings improvement. The PEG ratio is 1.48, near 1.0, suggesting roughly fair value relative to growth. Price-to-Book is 29.36. Price-to-Sales is 15.76. Valuation should be compared to Semiconductor Equipment & Materials industry peers for context, as different sectors trade at different multiples.
Based on 31 analysts covering LRCX, the consensus price target is $371.19. This represents a 26.8% upside from the current price of $292.66. The range spans from a low target of $290.00 to a high target of $500.00, reflecting varying levels of optimism among analysts. The consensus recommendation is "strong_buy". Note: Analyst price targets are forward-looking estimates and not guarantees of future performance.
Yes, Lam Research Corporation (LRCX) pays a dividend with a current yield of approximately 45.00%. The annualized dividend rate is $1.04 per share. The payout ratio is 18.1%, which is conservative and suggests the dividend is well-covered by earnings with room for future increases. The most recent ex-dividend date was 2026-09-23T00:00:00.000Z.
Key risks for Lam Research Corporation (LRCX) investors include: 1. High volatility (40.6% annualized)—the stock can experience significant daily price swings. 2. Broader market and macroeconomic risks (interest rates, inflation, geopolitical events). 3. Semiconductor Equipment & Materials sector-specific competitive pressures. Investors should diversify and consider their risk tolerance before investing.
Here is Lam Research Corporation's (LRCX) current debt and financial health profile: Total debt stands at $4.12B. The debt-to-equity ratio is 33.05, which is moderate and generally manageable for most companies. The current ratio is 2.63, indicating strong short-term liquidity. The quick ratio is 1.84. The company holds $5.58B in cash and equivalents. Free cash flow is positive at $3.09B, providing a cushion for debt servicing and shareholder returns.