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

Key Points

• Rep. David Taylor purchased $1,001–$15,000 of Lam Research stock on October 15 through his trust-linked 401(k) account, alongside purchases of AT&T, Prologis, RPM International and Fifth Third Bancorp.
• Lam Research reported quarterly revenue of $8.22 billion and earnings of $2.20 per share, both slightly exceeding estimates; revenue rose 54.4% year over year. The company also increased its quarterly dividend to $0.33 from $0.26.
• The stock was reported down 6.0%, while analysts maintained a broadly positive outlook: 26 analysts rate it Buy and six Hold, producing a “Moderate Buy” consensus and average price target of $360.23.

Representative David Taylor (Republican-Ohio) recently bought shares of Lam Research Corporation (NASDAQ:LRCX). In a filing disclosed on October 29th, the Representative disclosed that they had bought between $1,001 and $15,000 in Lam Research stock on October 15th. The trade occurred in the Representative's "DAVID TAYLOR TRUST > SARDINIA READY MIX 401(K) - DAVE" account.

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

• Purchased $1,001 - $15,000 in shares of AT&T NYSE: T on 10/15/2026.
• Purchased $1,001 - $15,000 in shares of Prologis NYSE: PLD on 10/15/2026.
• Sold $1,001 - $15,000 in shares of Visa NYSE: V on 10/15/2026.
• Purchased $1,001 - $15,000 in shares of RPM International NYSE: RPM on 10/15/2026.
• Sold $1,001 - $15,000 in shares of Marathon Petroleum NYSE: MPC on 10/15/2026.
• Sold $1,001 - $15,000 in shares of Procter & Gamble NYSE: PG on 10/12/2026.
• Purchased $1,001 - $15,000 in shares of Fifth Third Bancorp NASDAQ: FITB on 10/9/2026.
• Purchased $1,001 - $15,000 in shares of RPM International NYSE: RPM on 10/9/2026.
• Purchased $1,001 - $15,000 in shares of AT&T NYSE: T on 10/9/2026.
• Sold $1,001 - $15,000 in shares of Marathon Petroleum NYSE: MPC on 9/22/2026.

Lam Research Stock Down 6.0%

NASDAQ:LRCX opened at $239.11 on Friday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.86 and a current ratio of 2.48. The firm has a market cap of $298.69 billion, a P/E ratio of 37.63, a P/E/G ratio of 0.94 and a beta of 1.85. Lam Research Corporation has a fifty-two week low of $135.50 and a fifty-two week high of $438.50. The firm has a 50-day simple moving average of $294.47 and a two-hundred day simple moving average of $283.78.

Lam Research (NASDAQ:LRCX - Get Free Report) last posted its quarterly earnings results on Wednesday, October 21st. The semiconductor company reported $2.20 EPS for the quarter, beating analysts' consensus estimates of $2.18 by $0.02. Lam Research had a net margin of 32.34% and a return on equity of 72.15%. The firm had revenue of $8.22 billion for the quarter, compared to analysts' expectations of $8.14 billion. During the same quarter in the prior year, the company posted $1.26 earnings per share. The business's revenue for the quarter was up 54.4% on a year-over-year basis. Analysts predict that Lam Research Corporation will post 9.59 earnings per share for the current fiscal year.

Lam Research Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 14th. Stockholders of record on Wednesday, September 23rd were issued a $0.33 dividend. This is an increase from Lam Research's previous quarterly dividend of $0.26. This represents a $1.32 annualized dividend and a dividend yield of 0.6%. The ex-dividend date was Wednesday, September 23rd. Lam Research's dividend payout ratio is currently 19.67%.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Wall Street Zen raised Lam Research from a "hold" rating to a "buy" rating in a research report on Saturday, October 24th. Evercore set a $315.00 target price on Lam Research in a report on Tuesday, October 20th. TD Cowen reissued a "buy" rating and issued a $400.00 target price (up from $340.00) on shares of Lam Research in a report on Thursday, July 9th. Citigroup restated a "buy" rating and issued a $435.00 price target (down from $450.00) on shares of Lam Research in a research note on Thursday, October 22nd. Finally, Bank of America reaffirmed a "buy" rating and set a $345.00 price target on shares of Lam Research in a report on Thursday, October 22nd. Twenty-six analysts have rated the stock with a Buy rating and six have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $360.23.

Insider Transactions at Lam Research

In other news, Director Bethany Mayer sold 9,557 shares of the business's stock in a transaction dated Wednesday, September 9th. The stock was sold at an average price of $314.74, for a total transaction of $3,007,970.18. Following the completion of the sale, the director owned 20,995 shares in the company, valued at approximately $6,607,966.30. The trade was a 31.28% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Ava Harter sold 5,000 shares of the firm's stock in a transaction that occurred on Monday, August 31st. The stock was sold at an average price of $302.46, for a total transaction of $1,512,300.00. Following the sale, the insider directly owned 42,462 shares of the company's stock, valued at $12,843,056.52. The trade was a 10.53% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.31% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Lam Research

A number of hedge funds have recently modified their holdings of LRCX. Paladin Partners LLC purchased a new stake in shares of Lam Research during the 2nd quarter worth $26,000. William Mack & Associates Inc. purchased a new position in shares of Lam Research in the 3rd quarter valued at about $25,000. Dakota Community Bank & Trust NA purchased a new position in shares of Lam Research in the 3rd quarter valued at about $33,000. Quintet Private Bank Europe S.A. increased its holdings in shares of Lam Research by 100.0% in the 3rd quarter. Quintet Private Bank Europe S.A. now owns 100 shares of the semiconductor company's stock valued at $33,000 after purchasing an additional 50 shares in the last quarter. Finally, Bravera Wealth acquired a new stake in shares of Lam Research in the second quarter valued at about $46,000. 84.61% of the stock is currently owned by institutional investors.

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.

About Lam Research

Lam Research Corporation NASDAQ: LRCX is a semiconductor equipment company that develops and manufactures systems used to fabricate integrated circuits. Its technologies support key stages of wafer processing, helping semiconductor manufacturers create the increasingly complex structures found in memory, logic and other types of chips.

The company's product portfolio includes etch systems, which selectively remove materials from wafers; deposition systems, which apply thin films; and cleaning solutions used to remove contaminants and residue during manufacturing.

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