UBS Cuts Lam Research (LRCX) Price Target to $400
Key Points
- UBS reaffirmed its Buy rating on Lam Research Corporation on October 22, 2026, and lowered its price target to $400.00 from $425.00.
- UBS's $400 price target implies 73.79% upside from Lam Research Corporation's ($LRCX) current $230.16 share price.
- Lam Research shares recently traded around $230.16, closing at $230.15 on the day of the analyst update.
- Four company insiders sold shares totaling more than $31.4 million in late summer 2026.
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UBS maintained its Buy rating on Lam Research Corporation on October 22, 2026, while lowering its price target from $425.00 to $400.00.
LRCX
Lam Research Corporation
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What UBS's Call Means for Lam Research
In its research note on October 22, 2026, UBS kept a positive stance on the chip equipment maker even as it trimmed its target by $25.00. The firm continues to rate the stock a Buy.
Lam Research Corporation Stock Down 12.6%
Lam Research shares recently traded around $230.16 as of October 22, 2026, closing that day at $230.15. The stock trades below its 50-day moving average of $306.45 and its 200-day moving average of $283.18. Shares sit well below their 52-week high of $438.50 while holding above their 52-week low of $135.50.
$LRCX price target
Lam Research Corporation daily closes and this analyst's $400 target. Not advice.
Recent Earnings
Lam Research generated $23.23 billion in trailing-twelve-month revenue with earnings of $5.76 per share. The company reported a net profit margin of 31.3% alongside a return on equity of 65.1%.
Dividend
Lam Research Corporation pays an annual dividend rate of $1.32 per share, yielding 0.51% with a payout ratio of 18.1%.
Insider Buying and Selling at Lam Research Corporation
Four insiders completed stock sales in late summer 2026. On August 31, 2026, officer Ava Harter sold 5,000 shares at $302.46 for $1.51 million. Shortly after, on September 2, 2026, officer Seshasayee Varadarajan sold 59,750 shares at $291.32, totaling $17.4 million. Chief Executive Officer Timothy M. Archer sold 30,000 shares on September 9, 2026, at $319.26 for $9.57 million. Finally, director Bethany J. Mayer sold 9,557 shares on September 9, 2026, at $314.74 for about $3.0 million.
Analysts Set New Price Targets
Several other firms issued updates alongside UBS on October 22, 2026. Citigroup maintained its Buy rating while cutting its target from $450.00 to $435.00. Morgan Stanley kept an Overweight rating and lowered its target from $385.00 to $339.00. Mizuho maintained an Outperform rating while reducing its target from $365.00 to $360.00. Needham kept a Buy rating and lowered its target from $390.00 to $290.00. Overall, the stock carries a consensus Strong Buy recommendation from 30 analysts with a mean price target of $376.77.
About Lam Research Corporation
Lam Research Corporation builds specialized equipment used to manufacture integrated circuits. Its tools help semiconductor makers etch and clean microscopic layers on silicon wafers. This update provides fresh perspective on how major Wall Street firms view the company's valuation.
Bottom Line
Investors following Lam Research will want to track upcoming earnings reports and further Wall Street price target adjustments. Analyst opinions offer insight into shifting market sentiment for the semiconductor equipment sector.
Related Filing Alerts
Source: UBS's rating change on $LRCX (Oct 22, 2026). Written by software, not financial advice. How we make alerts