Senator Markwayne Mullin (R-Oklahoma) recently sold shares of Lam Research Co. NASDAQ: LRCX. In a filing disclosed on May 12th, the Senator disclosed that they had sold between $50,001 and $100,000 in Lam Research stock on April 8th.
Senator Markwayne Mullin also recently made the following trade(s):
- Sold $15,001 - $50,000 in shares of Texas Instruments NASDAQ: TXN on 4/8/2025.
- Sold $15,001 - $50,000 in shares of CSX NASDAQ: CSX on 4/8/2025.
- Sold $15,001 - $50,000 in shares of Chevron NYSE: CVX on 4/8/2025.
- Sold $50,001 - $100,000 in shares of Thermo Fisher Scientific NYSE: TMO on 4/8/2025.
- Sold $15,001 - $50,000 in shares of Zoetis NYSE: ZTS on 4/8/2025.
- Sold $15,001 - $50,000 in shares of ConocoPhillips NYSE: COP on 4/8/2025.
- Sold $50,001 - $100,000 in shares of Applied Materials NASDAQ: AMAT on 4/8/2025.
- Sold $15,001 - $50,000 in shares of Adobe NASDAQ: ADBE on 4/8/2025.
- Sold $50,001 - $100,000 in shares of Valero Energy NYSE: VLO on 4/8/2025.
- Purchased $15,001 - $50,000 in shares of Capital One Financial NYSE: COF on 3/19/2025.
Lam Research Stock Down 0.4%
Shares of NASDAQ LRCX traded down $0.36 during mid-day trading on Friday, hitting $84.43. The company had a trading volume of 10,088,878 shares, compared to its average volume of 12,296,335. The company has a market capitalization of $108.00 billion, a PE ratio of 25.65, a price-to-earnings-growth ratio of 1.47 and a beta of 1.64. The business's 50-day simple moving average is $72.35 and its 200 day simple moving average is $75.47. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.54 and a quick ratio of 1.73. Lam Research Co. has a 1-year low of $56.32 and a 1-year high of $113.00.
Lam Research (NASDAQ:LRCX - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The semiconductor company reported $1.04 EPS for the quarter, beating the consensus estimate of $1.00 by $0.04. The firm had revenue of $4.72 billion for the quarter, compared to analyst estimates of $4.64 billion. Lam Research had a return on equity of 51.86% and a net margin of 26.49%. Lam Research's revenue for the quarter was up 24.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $7.79 earnings per share. On average, analysts predict that Lam Research Co. will post 3.71 earnings per share for the current year.
Insider Buying and Selling
In related news, SVP Seshasayee Varadarajan sold 110,080 shares of Lam Research stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $90.00, for a total transaction of $9,907,200.00. Following the completion of the transaction, the senior vice president now directly owns 179,084 shares in the company, valued at $16,117,560. The trade was a 38.07% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.29% of the company's stock.
Institutional Investors Weigh In On Lam Research
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. lifted its position in shares of Lam Research by 6.9% during the 1st quarter. Vanguard Group Inc. now owns 129,152,102 shares of the semiconductor company's stock valued at $9,389,358,000 after acquiring an additional 8,364,375 shares during the period. FMR LLC lifted its position in shares of Lam Research by 1,032.6% during the 4th quarter. FMR LLC now owns 40,031,194 shares of the semiconductor company's stock valued at $2,891,453,000 after acquiring an additional 36,496,689 shares during the period. Ameriprise Financial Inc. lifted its position in shares of Lam Research by 950.5% during the 4th quarter. Ameriprise Financial Inc. now owns 34,543,915 shares of the semiconductor company's stock valued at $2,495,128,000 after acquiring an additional 31,255,726 shares during the period. Geode Capital Management LLC lifted its position in shares of Lam Research by 907.1% during the 4th quarter. Geode Capital Management LLC now owns 31,428,010 shares of the semiconductor company's stock valued at $2,265,610,000 after acquiring an additional 28,307,499 shares during the period. Finally, Norges Bank acquired a new position in shares of Lam Research during the 4th quarter worth approximately $1,661,672,000. 84.61% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
LRCX has been the topic of several research reports. B. Riley reaffirmed a "buy" rating on shares of Lam Research in a report on Thursday, April 24th. Morgan Stanley raised their price objective on Lam Research from $81.00 to $82.00 and gave the stock an "equal weight" rating in a report on Thursday, April 24th. Bank of America dropped their price objective on Lam Research from $110.00 to $90.00 and set a "buy" rating on the stock in a report on Wednesday, April 16th. TD Cowen dropped their price objective on Lam Research from $110.00 to $100.00 and set a "buy" rating on the stock in a report on Thursday, April 24th. Finally, Jefferies Financial Group raised their price objective on Lam Research from $95.00 to $100.00 and gave the stock a "buy" rating in a report on Friday, March 28th. Seven research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $91.56.
View Our Latest Research Report on LRCX
About Senator Mullin
Markwayne Mullin (Republican Party) is a member of the U.S. Senate from Oklahoma. He assumed office on January 11, 2023. His current term ends on January 3, 2027. Mullin (Republican Party) ran in a special election to the U.S. Senate to represent Oklahoma. He won in the special general election on November 8, 2022. Mullin is a member of the Cherokee Nation and one of four Native American members of the 116th Congress. At the age of 20, Mullin took over his father's plumbing business. He is also a former professional mixed martial artist. Markwayne Mullin graduated from Stilwell High School. Mullin earned an associate degree in construction technology from Oklahoma State University Institute of Technology. His career experience includes owning and founding multiple businesses.
About Lam Research
(
Get Free Report)
Lam Research Corporation designs, manufactures, markets, refurbishes, and services semiconductor processing equipment used in the fabrication of integrated circuits. The company offers ALTUS systems to deposit conformal films for tungsten metallization applications; SABRE electrochemical deposition products for copper interconnect transition that offers copper damascene manufacturing; SOLA ultraviolet thermal processing products for film treatments; and VECTOR plasma-enhanced CVD ALD products.
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