Fintel reports that on September 22, 2025, Morgan Stanley upgraded their outlook for Lam Research (NasdaqGS:LRCX) from Underweight to Equal-Weight.
Analyst Price Forecast Suggests 14.93% Downside
As of September 13, 2025, the average one-year price target for Lam Research is $112.47/share. The forecasts range from a low of $80.80 to a high of $141.75. The average price target represents a decrease of 14.93% from its latest reported closing price of $132.21 / share.
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The projected annual revenue for Lam Research is 22,962MM, an increase of 24.55%. The projected annual non-GAAP EPS is 36.70.
What is the Fund Sentiment?
There are 3,092 funds or institutions reporting positions in Lam Research. This is an increase of 132 owner(s) or 4.46% in the last quarter. Average portfolio weight of all funds dedicated to LRCX is 0.46%, an increase of 8.62%. Total shares owned by institutions increased in the last three months by 2.91% to 1,250,360K shares. 
The put/call ratio of LRCX is 1.16, indicating a bearish outlook.
What are Other Shareholders Doing?
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 41,126K shares representing 3.25% ownership of the company. In its prior filing, the firm reported owning 40,554K shares , representing an increase of 1.39%. The firm increased its portfolio allocation in LRCX by 21.15% over the last quarter.
Jpmorgan Chase holds 40,622K shares representing 3.21% ownership of the company. In its prior filing, the firm reported owning 35,523K shares , representing an increase of 12.55%. The firm increased its portfolio allocation in LRCX by 37.12% over the last quarter.
VFINX - Vanguard 500 Index Fund Investor Shares holds 36,308K shares representing 2.87% ownership of the company. In its prior filing, the firm reported owning 35,667K shares , representing an increase of 1.76%. The firm increased its portfolio allocation in LRCX by 21.09% over the last quarter.
Geode Capital Management holds 33,803K shares representing 2.67% ownership of the company. In its prior filing, the firm reported owning 32,667K shares , representing an increase of 3.36%. The firm increased its portfolio allocation in LRCX by 23.40% over the last quarter.
Ameriprise Financial holds 30,440K shares representing 2.41% ownership of the company. In its prior filing, the firm reported owning 34,220K shares , representing a decrease of 12.42%. The firm decreased its portfolio allocation in LRCX by 79.89% over the last quarter.
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