Lam Research (NASDAQ:LRCX) Stock Acquired by Rep. David Taylor

Key Points

• Rep. David Taylor disclosed buying Lam Research shares worth between $1,001 and $15,000 on November 5, in a Schwab joint brokerage account held by his trust.
• Lam Research beat quarterly estimates, reporting EPS of $2.20 versus $2.18 expected and revenue of $8.22 billion; revenue rose 54.4% year over year.
• The company authorized up to $25 billion in share repurchases—as much as 9% of outstanding shares—and announced a quarterly dividend of $0.33 per share.

Representative David Taylor (Republican-Ohio) recently bought shares of Lam Research Corporation (NASDAQ:LRCX). In a filing disclosed on November 12th, the Representative disclosed that they had bought between $1,001 and $15,000 in Lam Research stock on November 5th. The trade occurred in the Representative's "DAVID TAYLOR TRUST > SCHWAB JOINT BROKERAGE #1 (HOME GROWN)" account.

Representative David Taylor also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of Home Depot NYSE: HD on 11/5/2026.
• Sold $1,001 - $15,000 in shares of Procter & Gamble NYSE: PG on 11/5/2026.
• Purchased $1,001 - $15,000 in shares of Broadcom NASDAQ: AVGO on 11/5/2026.
• Sold $1,001 - $15,000 in shares of Eli Lilly and Company NYSE: LLY on 11/3/2026.
• Purchased $1,001 - $15,000 in shares of Eaton NYSE: ETN on 11/3/2026.
• Sold $1,001 - $15,000 in shares of Kroger NYSE: KR on 11/3/2026.
• Purchased $1,001 - $15,000 in shares of AT&T NYSE: T on 11/3/2026.
• Purchased $1,001 - $15,000 in shares of Alphabet NASDAQ: GOOGL on 11/3/2026.
• Sold $1,001 - $15,000 in shares of Visa NYSE: V on 11/3/2026.
• Sold $1,001 - $15,000 in shares of Amgen NASDAQ: AMGN on 11/3/2026.

Lam Research Stock Performance

Lam Research stock opened at $225.92 on Friday. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.48 and a quick ratio of 1.86. Lam Research Corporation has a 12 month low of $135.50 and a 12 month high of $438.50. The company has a fifty day moving average price of $277.67 and a two-hundred day moving average price of $283.73. The company has a market cap of $282.21 billion, a PE ratio of 34.58, a P/E/G ratio of 0.87 and a beta of 1.97.

Lam Research (NASDAQ:LRCX - Get Free Report) last announced its quarterly earnings results on Wednesday, October 21st. The semiconductor company reported $2.20 earnings per share for the quarter, topping analysts' consensus estimates of $2.18 by $0.02. The business had revenue of $8.22 billion for the quarter, compared to analysts' expectations of $8.14 billion. Lam Research had a return on equity of 72.15% and a net margin of 32.34%. The business's quarterly revenue was up 54.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.26 EPS. Research analysts expect that Lam Research Corporation will post 9.60 earnings per share for the current year.

Lam Research Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 6th. Shareholders of record on Wednesday, December 2nd will be given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend is Wednesday, December 2nd. Lam Research's dividend payout ratio is presently 19.67%.

Lam Research announced that its Board of Directors has initiated a share repurchase plan on Thursday, November 5th that authorizes the company to buy back $25 billion in outstanding shares. This repurchase authorization authorizes the semiconductor company to buy up to 9% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's management believes its shares are undervalued.

Institutional Investors Weigh In On Lam Research

Several institutional investors have recently made changes to their positions in the company. State Street Corp boosted its stake in shares of Lam Research by 2.6% during the 2nd quarter. State Street Corp now owns 60,704,130 shares of the semiconductor company's stock worth $26,320,468,000 after acquiring an additional 1,545,830 shares in the last quarter. Bank of America Corp DE raised its stake in shares of Lam Research by 5.5% in the 2nd quarter. Bank of America Corp DE now owns 11,244,147 shares of the semiconductor company's stock valued at $4,872,426,000 after acquiring an additional 584,489 shares in the last quarter. Van ECK Associates Corp raised its stake in shares of Lam Research by 411.8% in the 2nd quarter. Van ECK Associates Corp now owns 11,089,395 shares of the semiconductor company's stock valued at $4,805,368,000 after acquiring an additional 8,922,854 shares in the last quarter. Amundi lifted its holdings in Lam Research by 23.7% in the 1st quarter. Amundi now owns 10,147,479 shares of the semiconductor company's stock worth $2,168,107,000 after purchasing an additional 1,942,862 shares during the last quarter. Finally, Janus Henderson Group PLC lifted its holdings in Lam Research by 2.0% in the 1st quarter. Janus Henderson Group PLC now owns 9,265,026 shares of the semiconductor company's stock worth $1,975,244,000 after purchasing an additional 181,087 shares during the last quarter. 84.61% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

LRCX has been the subject of several recent analyst reports. Needham & Company LLC decreased their price objective on shares of Lam Research from $390.00 to $290.00 and set a "buy" rating for the company in a report on Thursday, October 22nd. HSBC reissued a "hold" rating and set a $333.00 target price on shares of Lam Research in a report on Monday, July 27th. Mizuho cut their target price on Lam Research from $365.00 to $360.00 and set an "outperform" rating for the company in a research report on Thursday, October 22nd. UBS Group reaffirmed a "buy" rating and set a $400.00 price target (down from $425.00) on shares of Lam Research in a research note on Thursday, October 22nd. Finally, Fundamental Research set a $390.00 price target on Lam Research in a research report on Thursday, October 1st. Twenty-six equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $357.57.

Key Lam Research News

Here's some of the latest news about LRCX:

• Positive Sentiment: Lam’s board authorized a share-repurchase program of up to $25 billion and reaffirmed its quarterly dividend at $0.33 per share, providing a potential source of shareholder returns. Article: Lam Research Just Gave Investors Something To Think About
• Positive Sentiment: Bernstein analyst Stacy Rasgon remains favorable on Lam after its steep recent decline, while Wells Fargo’s move to a neutral view on U.S. AI infrastructure suggests a less negative backdrop for the sector. Article: Lam Research Lost About 34% in a Month. Here’s Why Bernstein’s Rasgon Still Likes It
• Negative Sentiment: Lam shares fell alongside Applied Materials and KLA amid technology-sector selling linked to news of NVIDIA CEO Jensen Huang’s departure. The move points to continued sensitivity to AI and semiconductor-sector sentiment. Article: What’s Going On With Lam Research Stock Friday?

Insider Buying and Selling

In related news, insider Ava Harter sold 5,000 shares of the firm's stock in a transaction on Monday, August 31st. The shares were sold at an average price of $302.46, for a total value of $1,512,300.00. Following the transaction, the insider directly owned 42,462 shares in the company, valued at approximately $12,843,056.52. This trade represents a 10.53% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Bethany Mayer sold 9,557 shares of the firm's stock in a transaction on Wednesday, September 9th. The shares were sold at an average price of $314.74, for a total transaction of $3,007,970.18. Following the completion of the transaction, the director owned 20,995 shares in the company, valued at $6,607,966.30. The trade was a 31.28% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 14,573 shares of company stock valued at $4,523,606 in the last ninety days. Company insiders own 0.31% of the company's stock.

About Representative Taylor

David Taylor (Republican Party) is a member of the U.S. House, representing Ohio's 2nd Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Taylor (Republican Party) ran for election to the U.S. House to represent Ohio's 2nd Congressional District. He won in the general election on November 5, 2024. David Taylor graduated from Amelia High School. Taylor earned degrees from Miami University (Ohio) and the University of Dayton School of Law. Taylor's career experience includes working as an attorney and as a businessman at Sardinia Ready Mix, Inc.

Lam Research Company Profile

Lam Research is a global supplier of equipment and services used to manufacture semiconductors. Its products help chipmakers create and process the microscopic structures that form integrated circuits. The company's wafer fabrication equipment is used for processes including etch, thin-film deposition and wafer cleaning. Lam also provides services such as equipment maintenance, upgrades, spare parts and other support for chip manufacturing operations. Founded in 1980 and headquartered in Fremont, California, Lam Research serves semiconductor manufacturers around the world.

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