Rep. David Taylor Sells Lam Research Corporation (NASDAQ:LRCX) Stock

Key Points

• Representative David Taylor sold shares of Lam Research Corporation (NASDAQ:LRCX) for an amount between $1,001 and $15,000 on September 22nd, 2023, as disclosed in a filing.
• Lam Research reported a significant quarterly earnings per share of $1.33, surpassing the consensus estimate and achieving a 33.6% increase in revenue from the same quarter last year.
• The company recently announced an increase in its quarterly dividend from $0.23 to $0.26, reflecting a 0.7% dividend yield based on its annualized payment.

Representative David Taylor (R-Ohio) recently sold shares of Lam Research Corporation (NASDAQ:LRCX). In a filing disclosed on October 07th, the Representative disclosed that they had sold between $1,001 and $15,000 in Lam Research stock on September 22nd. 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):

• Purchased $1,001 - $15,000 in shares of American Electric Power NASDAQ: AEP on 9/22/2025.
• Purchased $1,001 - $15,000 in shares of Procter & Gamble NYSE: PG on 9/22/2025.
• Purchased $1,001 - $15,000 in shares of Kroger NYSE: KR on 9/22/2025.
• Sold $1,001 - $15,000 in shares of Alphabet NASDAQ: GOOGL on 9/3/2025.
• Purchased $1,001 - $15,000 in shares of Salesforce NYSE: CRM on 9/3/2025.
• Purchased $1,001 - $15,000 in shares of Eli Lilly and Company NYSE: LLY on 8/14/2025.
• Purchased $1,001 - $15,000 in shares of Marathon Petroleum NYSE: MPC on 8/14/2025.
• Purchased $15,001 - $50,000 in shares of Eli Lilly and Company NYSE: LLY on 8/14/2025.
• Purchased $1,001 - $15,000 in shares of Prologis NYSE: PLD on 8/14/2025.
• Purchased $1,001 - $15,000 in shares of Visa NYSE: V on 8/13/2025.

Lam Research Price Performance

LRCX stock opened at $142.54 on Thursday. The company has a current ratio of 2.21, a quick ratio of 1.55 and a debt-to-equity ratio of 0.38. The company has a market capitalization of $179.75 billion, a PE ratio of 34.26, a P/E/G ratio of 1.71 and a beta of 1.84. Lam Research Corporation has a 12-month low of $56.32 and a 12-month high of $153.70. The business's fifty day moving average price is $113.18 and its 200 day moving average price is $93.66.

Lam Research (NASDAQ:LRCX - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The semiconductor company reported $1.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.21 by $0.12. The firm had revenue of $5.17 billion for the quarter, compared to the consensus estimate of $4.99 billion. Lam Research had a return on equity of 58.17% and a net margin of 29.07%.The company's quarterly revenue was up 33.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.03 EPS. Lam Research has set its Q1 2026 guidance at 1.100-1.300 EPS. On average, sell-side analysts anticipate that Lam Research Corporation will post 3.71 EPS for the current year.

Lam Research Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Wednesday, September 24th will be issued a $0.26 dividend. The ex-dividend date is Wednesday, September 24th. This represents a $1.04 annualized dividend and a dividend yield of 0.7%. This is a boost from Lam Research's previous quarterly dividend of $0.23. Lam Research's dividend payout ratio (DPR) is presently 25.00%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on LRCX shares. Needham & Company LLC boosted their price objective on Lam Research from $110.00 to $115.00 and gave the company a "buy" rating in a report on Thursday, July 31st. Cantor Fitzgerald boosted their target price on Lam Research from $120.00 to $155.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 1st. Oppenheimer boosted their target price on Lam Research from $110.00 to $120.00 and gave the stock an "outperform" rating in a research note on Thursday, July 31st. Stifel Nicolaus boosted their target price on Lam Research from $92.00 to $110.00 and gave the stock a "buy" rating in a research note on Tuesday, July 29th. Finally, Argus boosted their target price on Lam Research from $105.00 to $120.00 and gave the stock a "buy" rating in a research note on Friday, August 1st. Twenty-three analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $121.00.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Norges Bank acquired a new stake in shares of Lam Research in the 2nd quarter valued at about $1,894,585,000. Vanguard Group Inc. boosted its position in shares of Lam Research by 6.9% in 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 purchasing an additional 8,364,375 shares during the period. Nuveen LLC acquired a new stake in shares of Lam Research in the 1st quarter valued at about $604,344,000. JPMorgan Chase & Co. boosted its position in shares of Lam Research by 14.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 40,622,437 shares of the semiconductor company's stock valued at $3,954,188,000 after purchasing an additional 5,102,589 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its position in shares of Lam Research by 99.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 5,739,221 shares of the semiconductor company's stock valued at $417,242,000 after purchasing an additional 2,864,863 shares during the period. 84.61% of the stock is owned by institutional investors and hedge funds.

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 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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