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An update from Lam Research ( (LRCX) ) is now available.
On February 3, 2026, Lam Research appointed Cadence Design Systems CEO Anirudh Devgan to its board of directors and to the board’s Innovation and Technology Committee, expanding the board by one seat. Devgan, a prominent figure in electronic design automation with deep expertise in AI-driven design, semiconductor ecosystem technologies and computational software, is expected to bolster Lam’s strategic and technology oversight as it seeks to accelerate innovation in enabling next-generation chips. On the same day, the company announced that long-time executive and chief operating officer Patrick J. Lord will retire effective March 6, 2026, after more than two decades with Lam and Novellus, and that veteran executive Seshasayee (Sesha) Varadarajan, currently senior vice president of the Global Products Group and a long-serving leader in Lam’s and Novellus’ deposition and PECVD/Electrofill businesses, will succeed him as executive vice president and chief operating officer, signaling a planned leadership transition built around internal operational continuity and deep process-engineering experience.
The most recent analyst rating on (LRCX) stock is a Buy with a $280.00 price target. To see the full list of analyst forecasts on Lam Research stock, see the LRCX Stock Forecast page.
Spark’s Take on LRCX Stock
According to Spark, TipRanks’ AI Analyst, LRCX is a Outperform.
The score is driven primarily by strong financial performance (robust margins, free cash flow, and improving leverage) and a bullish earnings-call backdrop with constructive guidance and AI/advanced-packaging momentum. Technicals remain positive but look extended, and the elevated P/E with a low dividend yield meaningfully tempers the overall rating.
To see Spark’s full report on LRCX stock, click here.
More about Lam Research
Lam Research Corporation is a FORTUNE 500 global supplier of wafer fabrication equipment and services to the semiconductor industry, providing systems that enable customers to build smaller, higher-performing chips. Headquartered in Fremont, California, the company leverages systems engineering and technology leadership to support nearly every advanced chip produced today and serves a worldwide customer base focused on advanced semiconductor manufacturing.
Average Trading Volume: 11,882,067
Technical Sentiment Signal: Buy
Current Market Cap: $291.5B
See more data about LRCX stock on TipRanks’ Stock Analysis page.