Sen. Sheldon Whitehouse Sells Lam Research Corporation (NASDAQ:LRCX) Stock

Key Points

• Sen. Sheldon Whitehouse sold Lam Research shares valued between $1,001 and $15,000 on August 13, according to a filing disclosed September 2. He also reported selling shares of NVIDIA, Amgen, Lowe’s, Crown Castle and Apple, while purchasing Coherent and Micron Technology.
• Lam Research reported strong quarterly results, with revenue up 30% year over year to $6.72 billion and EPS of $1.82, beating estimates. The company also raised its quarterly dividend by approximately 27% to $0.33 per share.
• Analysts maintain a broadly positive outlook, with a consensus “Moderate Buy” rating and a $358.97 price target. However, recent insider selling and elevated valuation metrics may signal profit-taking or limited room for disappointing results.

Senator Sheldon Whitehouse (Democratic-Rhode Island) recently sold shares of Lam Research Corporation NASDAQ: LRCX. In a filing disclosed on September 02nd, the Senator disclosed that they had sold between $1,001 and $15,000 in Lam Research stock on August 13th.

Senator Sheldon Whitehouse also recently made the following trade(s):

• Sold $15,001 - $50,000 in shares of NVIDIA NASDAQ: NVDA on 8/13/2026.
• Sold $1,001 - $15,000 in shares of NVIDIA NASDAQ: NVDA on 8/13/2026.
• Sold $1,001 - $15,000 in shares of Amgen NASDAQ: AMGN on 8/12/2026.
• Sold $1,001 - $15,000 in shares of Lowe's Companies NYSE: LOW on 7/20/2026.
• Sold $15,001 - $50,000 in shares of NVIDIA NASDAQ: NVDA on 6/30/2026.
• Sold $1,001 - $15,000 in shares of Crown Castle NYSE: CCI on 6/25/2026.
• Purchased $15,001 - $50,000 in shares of Coherent NYSE: COHR on 6/25/2026.
• Purchased $1,001 - $15,000 in shares of Micron Technology NASDAQ: MU on 6/25/2026.
• Sold $15,001 - $50,000 in shares of Apple NASDAQ: AAPL on 6/24/2026.

Lam Research Stock Performance

Shares of Lam Research stock opened at $307.65 on Friday. The company has a quick ratio of 1.91, a current ratio of 2.63 and a debt-to-equity ratio of 0.30. The stock's fifty day moving average is $321.34 and its two-hundred day moving average is $291.39. Lam Research Corporation has a 52 week low of $100.68 and a 52 week high of $438.50. The company has a market capitalization of $384.97 billion, a PE ratio of 53.41, a price-to-earnings-growth ratio of 1.16 and a beta of 1.85.

Lam Research (NASDAQ:LRCX - Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The semiconductor company reported $1.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.69 by $0.13. Lam Research had a return on equity of 67.60% and a net margin of 31.27%.The company had revenue of $6.72 billion for the quarter, compared to analysts' expectations of $6.66 billion. During the same quarter in the prior year, the firm earned $1.33 earnings per share. Lam Research's revenue was up 30.0% compared to the same quarter last year. Lam Research has set its Q1 2027 guidance at 2.000-2.300 EPS. As a group, analysts expect that Lam Research Corporation will post 9.33 earnings per share for the current year.

Lam Research Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 14th. Shareholders of record on Wednesday, September 23rd will be given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 0.4%. This is a boost from Lam Research's previous quarterly dividend of $0.26. The ex-dividend date is Wednesday, September 23rd. Lam Research's dividend payout ratio (DPR) is presently 18.06%.

Institutional Investors Weigh In On Lam Research

Hedge funds have recently modified their holdings of the business. Fideuram Asset Management Ireland dac acquired a new stake in shares of Lam Research in the 4th quarter valued at $10,035,000. Rokos Capital Management LLP grew its stake in shares of Lam Research by 42.0% during the first quarter. Rokos Capital Management LLP now owns 259,921 shares of the semiconductor company's stock worth $55,532,000 after purchasing an additional 76,840 shares in the last quarter. Aware Super Pty Ltd as trustee of Aware Super acquired a new position in shares of Lam Research during the first quarter worth $59,973,000. Y Intercept Hong Kong Ltd purchased a new position in Lam Research in the first quarter valued at $26,489,000. Finally, Krilogy Financial LLC increased its holdings in Lam Research by 19.5% in the first quarter. Krilogy Financial LLC now owns 28,111 shares of the semiconductor company's stock valued at $6,006,000 after buying an additional 4,584 shares during the last quarter. 84.61% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Lam Research

In other Lam Research news, Director Abhijit Y. Talwalkar sold 18,282 shares of the stock in a transaction that occurred on Monday, July 13th. The shares were sold at an average price of $335.00, for a total value of $6,124,470.00. Following the transaction, the director directly owned 87,142 shares in the company, valued at $29,192,570. This represents a 17.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 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 in the company, valued at approximately $12,843,056.52. The trade was a 10.53% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 77,782 shares of company stock worth $26,755,370 over the last ninety days. Corporate insiders own 0.31% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on LRCX shares. Deutsche Bank Aktiengesellschaft restated a "buy" rating and set a $320.00 target price on shares of Lam Research in a research report on Thursday, July 30th. Sanford C. Bernstein increased their price target on Lam Research from $325.00 to $340.00 and gave the stock an "outperform" rating in a research report on Thursday, May 21st. Bank of America raised their price objective on Lam Research from $330.00 to $480.00 and gave the company a "buy" rating in a report on Tuesday, June 23rd. Weiss Ratings upgraded Lam Research from a "buy (b-)" rating to a "buy (b)" rating in a research report on Friday, August 21st. Finally, Cantor Fitzgerald set a $500.00 target price on Lam Research and gave the company an "overweight" rating in a research report on Monday, June 29th. One research analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat, Lam Research presently has a consensus rating of "Moderate Buy" and a consensus target price of $358.97.

More Lam Research News

Here are the key news stories impacting Lam Research this week:

• Positive Sentiment: Lam Research’s record June-quarter results and outlook remain key catalysts. Revenue reached $6.72 billion, up 30% year over year, while adjusted earnings exceeded analysts’ expectations. Management guided for approximately $8.10 billion in September-quarter revenue, reinforcing confidence in continued AI- and advanced-chip-related demand. Lam Research gains as investors build on strong guidance and recent shareholder-friendly updates
• Positive Sentiment: The company broke ground on a new Oregon research laboratory and plans to invest more than $3 billion in its global lab network over five years. The investment is intended to support semiconductor research tied to artificial intelligence and next-generation chip production. Lam Research Oregon laboratory announcement
• Positive Sentiment: Lam Research raised its quarterly dividend by approximately 27% to $0.33 per share, improving the stock’s shareholder-return profile after its record quarter. Lam Research dividend increase
• Positive Sentiment: Options activity and bullish institutional positioning may be adding to momentum. More than 1,600 institutions reportedly increased their holdings in the latest quarter, while recent analyst targets—including several between $400 and $500—remain above the current trading range. Lam Research options market article
• Neutral Sentiment: The dividend increase has attracted attention as investors seek income and quality amid geopolitical and inflation concerns, although broader market volatility could continue to affect semiconductor stocks. Stocks with dividend hikes article
• Negative Sentiment: Insiders have reported only sales—not purchases—in the past six months, including transactions by CEO Timothy Archer and other executives. That activity may raise concerns about valuation or profit-taking.
• Negative Sentiment: After substantial long-term gains, some commentary argues that LRCX is fully valued, with elevated valuation metrics leaving less room for disappointment-free execution. UBS also recently lowered its price target to $425, despite remaining above the current share price. UBS lowers Lam Research price target

About Senator Whitehouse

Sheldon Whitehouse (Democratic Party) is a member of the U.S. Senate from Rhode Island. He assumed office on January 3, 2007. His current term ends on January 3, 2031. Whitehouse (Democratic Party) ran for re-election to the U.S. Senate to represent Rhode Island. He won in the general election on November 5, 2024.

Lam Research Company Profile

Lam Research Corporation NASDAQ: LRCX is a global supplier of wafer fabrication equipment and services to the semiconductor industry. Founded in 1980 by David K. Lam and headquartered in Fremont, California, the company develops and manufactures systems used in multiple stages of semiconductor device production, including thin film deposition, plasma etch, wafer cleaning and related process modules and automation.

Lam's product portfolio covers core process technologies employed by logic and memory manufacturers, with equipment designed to support advanced-node patterning, 3D NAND and other emerging device architectures.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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