Lam Research Corporation (LRCX) fair value analysis

S&P 500 · Updated 2026-09-07

Lam Research Corporation manufactures semiconductor processing equipment used in the fabrication of microchips and other electronic components. The company operates globally, with significant operations and presence across the United States, Asia, and Europe, serving major semiconductor manufacturers worldwide.

Forward Fair Value verdict

Overvalued

Based on TickrTrends' weekly Forward Fair Value model, LRCX is trading at a 10–25% premium to estimated fair value.

LRCX currently ranks #152 of 199 Technology stocks by discount to Forward Fair Value. It has screened as Overvalued for 3 consecutive weekly runs.

Last price: $307.65
Sector: Technology
12-month range: $154.54–$317.12

Derived indicators

Coarse bands from TickrTrends' weekly models; exact figures are part of the full report.

Quality grade: A
Leverage: Low
Margin trend: Expanding
Revenue growth: Modest
RSI zone: Neutral
52-week position: The top quarter of its range

What our data shows for LRCX

Our model validated 8 trailing price-to-earnings windows for LRCX, built from quarterly earnings records.
Shares are trading in the upper third of their 12-month price range of $154.54–$317.12.
The 14-day relative strength index sits at a neutral 51.

The exact numbers are one step away

The precise Forward Fair Value dollar figure for LRCX
Exact discount / premium to today's price
The normalized historical P/E behind the estimate, and how many quarters support it
Forward EPS input and fiscal-year basis
Screeners and rankings across the full S&P 500 and Nasdaq universes

See the exact fair value →

How Forward Fair Value works

TickrTrends computes a Forward Fair Value for every covered stock each week: a conservatively normalized historical price-to-earnings multiple is applied to the analyst-consensus earnings estimate for the next full fiscal year. Every input window is validated for continuity and every result is screened for plausibility before publication.

Recent LRCX news

TickrTrends' derived news-sentiment signal for LRCX is currently leaning positive, computed from recent coverage.

Two Chip-Equipment Stocks Just Crushed Nvidia. Is the AI Rally Broadening? (insidermonkey.com, 2026-09-05)
TickrTrends take: Lam Research has demonstrated strong operational momentum alongside major semiconductor equipment peers, which stands in contrast to TickrTrends' current overvalued assessment of the stock. Investors focused on valuation metrics should monitor whether the company's recent performance validates current pricing or represents a temporary outperformance that may not sustain at elevated levels. The broadening strength in chip-equipment stocks raises the question of whether the sector's valuation premium reflects durable demand from artificial intelligence infrastructure buildouts or contains excess that could compress during market corrections.
Two Chip-Equipment Stocks Just Crushed Nvidia. Is the AI Rally Broadening? (finance.yahoo.com, 2026-09-05)
TickrTrends take: LRCX operates in the semiconductor equipment sector, which has shown relative strength compared to Nvidia according to recent market performance. Given TickrTrends' current overvalued assessment for LRCX, investors focused on valuation metrics should monitor whether the stock's recent gains reflect sustainable business momentum or sentiment-driven appreciation that may not align with fundamental metrics. A valuation-focused reader should track whether LRCX's equipment demand and order flows justify its current price levels, particularly as the chip equipment cycle and AI infrastructure spending patterns develop.
Lam Research Legal Chief Sold $1.5 Million as AI Chip Demand Booms. Is the Signal Bearish? (insidermonkey.com, 2026-09-05)
TickrTrends take: Lam Research's legal chief reducing holdings during a period of strong AI-driven demand raises questions about insider conviction at current valuation levels. TickrTrends currently assesses LRCX as overvalued within the Technology sector, suggesting the stock may have already priced in significant upside from AI chip manufacturing tailwinds. Valuation-focused investors should monitor whether insider selling accelerates or reverses as a potential indicator of management's confidence in sustaining current growth expectations relative to the stock's valuation.

What people are saying

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TickrTrends weekly updates

2026-09-07 — No material change this week: the verdict, bands and grades all held steady.
2026-09-06 — # LRCX Weekly Summary TickrTrends' derived indicators for LRCX show a change in the DCF cross-check band assessment, which moved from overvalued to none this week. The current valuation verdict remains overvalued. This shift in the DCF cross-check band represents a change in one component of the overall valuation analysis for the Technology sector company.
2026-08-31 — TickrTrends initiated weekly Forward Fair Value coverage of this stock.

Frequently asked questions

Is LRCX stock undervalued?

Based on TickrTrends' Forward Fair Value model (updated 2026-09-07), LRCX is trading at a 10–25% premium to estimated fair value and screens as overvalued. The exact fair value and discount are available to subscribers.

What is LRCX's TickrTrends verdict?

LRCX's current verdict is Overvalued, refreshed with every weekly Forward Fair Value run.

How does LRCX compare to other Technology stocks?

LRCX ranks #152 of 199 Technology stocks in TickrTrends' coverage when sorted by discount to Forward Fair Value.

Is LRCX overbought or oversold?

LRCX's 14-day RSI is in neutral territory - neither overbought nor oversold.

All Technology fair-value coverage →

Head-to-head comparisons

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