Representative David Taylor (Republican-Ohio) recently sold shares of Lam Research Corporation (NASDAQ:LRCX). In a filing disclosed on June 12th, the Representative disclosed that they had sold between $1,001 and $15,000 in Lam Research stock on June 5th. 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 American Electric Power NASDAQ: AEP on 6/5/2026.
- Purchased $1,001 - $15,000 in shares of Amgen NASDAQ: AMGN on 6/5/2026.
- Purchased $1,001 - $15,000 in shares of Kroger NYSE: KR on 6/5/2026.
- Purchased $1,001 - $15,000 in shares of AT&T NYSE: T on 6/5/2026.
- Sold $1,001 - $15,000 in shares of Amazon.com NASDAQ: AMZN on 6/5/2026.
- Purchased $1,001 - $15,000 in shares of Alphabet NASDAQ: GOOGL on 6/5/2026.
- Purchased $1,001 - $15,000 in shares of Medpace NASDAQ: MEDP on 5/15/2026.
- Sold $1,001 - $15,000 in shares of Alphabet NASDAQ: GOOGL on 5/15/2026.
- Purchased $1,001 - $15,000 in shares of Home Depot NYSE: HD on 5/15/2026.
- Purchased $1,001 - $15,000 in shares of AT&T NYSE: T on 5/15/2026.
Lam Research Trading Down 5.0%
NASDAQ:LRCX opened at $369.34 on Wednesday. The company has a current ratio of 2.54, a quick ratio of 1.77 and a debt-to-equity ratio of 0.35. Lam Research Corporation has a 1-year low of $87.75 and a 1-year high of $393.07. The firm has a market capitalization of $461.89 billion, a price-to-earnings ratio of 69.69, a PEG ratio of 3.20 and a beta of 1.85. The business's 50-day moving average price is $292.53 and its two-hundred day moving average price is $237.34.
Lam Research (NASDAQ:LRCX - Get Free Report) last posted its earnings results on Wednesday, April 22nd. The semiconductor company reported $1.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.36 by $0.11. The company had revenue of $5.84 billion during the quarter, compared to analyst estimates of $5.70 billion. Lam Research had a return on equity of 66.21% and a net margin of 30.94%.The company's revenue for the quarter was up 23.8% compared to the same quarter last year. During the same period in the previous year, the company earned $1.04 EPS. Lam Research has set its Q4 2026 guidance at 1.500-1.800 EPS. On average, equities analysts expect that Lam Research Corporation will post 5.7 earnings per share for the current year.
Lam Research Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 8th. Shareholders of record on Wednesday, June 17th will be paid a $0.26 dividend. The ex-dividend date of this dividend is Wednesday, June 17th. This represents a $1.04 annualized dividend and a yield of 0.3%. Lam Research's dividend payout ratio is presently 19.62%.
Institutional Trading of Lam Research
A number of institutional investors have recently modified their holdings of LRCX. Cedar Mountain Advisors LLC lifted its stake in Lam Research by 242.9% in the 1st quarter. Cedar Mountain Advisors LLC now owns 120 shares of the semiconductor company's stock valued at $26,000 after acquiring an additional 85 shares in the last quarter. Vermillion Wealth Management Inc. bought a new position in shares of Lam Research during the 1st quarter worth approximately $26,000. PMV Capital Advisers LLC acquired a new stake in shares of Lam Research in the fourth quarter valued at approximately $25,000. Bayban acquired a new stake in shares of Lam Research in the fourth quarter valued at approximately $26,000. Finally, Mcguire Capital Advisors Inc. bought a new stake in shares of Lam Research in the fourth quarter worth $27,000. 84.61% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
LRCX has been the subject of a number of analyst reports. Berenberg Bank boosted their price objective on shares of Lam Research from $265.00 to $335.00 and gave the company a "buy" rating in a report on Thursday, April 23rd. Needham & Company LLC reiterated a "buy" rating and issued a $300.00 target price on shares of Lam Research in a report on Thursday, April 23rd. Morgan Stanley raised shares of Lam Research from an "underweight" rating to an "overweight" rating and lifted their price target for the stock from $293.00 to $331.00 in a research report on Monday, May 18th. Cantor Fitzgerald set a $425.00 price objective on shares of Lam Research and gave the company an "overweight" rating in a research report on Wednesday, June 10th. Finally, Mizuho set a $380.00 price objective on shares of Lam Research and gave the company an "outperform" rating in a research report on Wednesday, May 27th. Twenty-eight equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $324.26.
Read Our Latest Research Report on LRCX
Insider Buying and Selling
In related news, Director Eric Brandt sold 54,500 shares of the firm's stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $350.80, for a total value of $19,118,600.00. Following the completion of the transaction, the director owned 199,205 shares of the company's stock, valued at approximately $69,881,114. This trade represents a 21.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Ava Harter sold 6,010 shares of Lam Research stock in a transaction on Monday, April 27th. The shares were sold at an average price of $258.66, for a total transaction of $1,554,546.60. Following the completion of the sale, the insider owned 53,205 shares in the company, valued at $13,762,005.30. The trade was a 10.15% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 86,339 shares of company stock worth $27,680,267. 0.31% of the stock is owned by insiders.
More Lam Research News
Here are the key news stories impacting Lam Research this week:
- Positive Sentiment: Several recent articles argue Lam Research still has strong growth potential, citing healthy earnings momentum, solid demand, and long-term outperformance potential. Is Lam Research (LRCX) a Solid Growth Stock? 3 Reasons to Think "Yes"
- Positive Sentiment: Analysts and market commentary continue to point to AI-related semiconductor demand and advanced packaging as a possible growth catalyst for LRCX. Lam Research Expects Packaging Growth of 50%: Is It a Hidden Catalyst?
- Positive Sentiment: The broader chip rally is still supporting sentiment, with semiconductor ETFs and peers pushing to new highs and helping keep money flowing into the sector. Chips Up 8.8% in One Week: 5 Semiconductor Names Breaking Into New Highs
- Neutral Sentiment: One market note highlighted Lam Research as a “final trade,” which may reflect positive trader interest but does not provide a fundamental catalyst. Alphabet, Lam Research And A Financial Stock On CNBC's 'Final Trades'
- Neutral Sentiment: Lam Research director Eric Brandt sold 54,500 shares in a pre-arranged 10b5-1 transaction; the sale is notable, but it does not necessarily signal a negative business outlook. SEC filing for director share sale
- Negative Sentiment: Some commentary flagged Lam’s elevated valuation, suggesting the stock is priced for very strong future growth and could be vulnerable if that growth slows. Decoding LRCX Stock's Premium Valuation
- Negative Sentiment: Trading headlines also noted that LRCX underperformed the broader market in the latest session, likely reinforcing short-term profit-taking after the recent run-up. Why Lam Research (LRCX) Dipped More Than Broader Market Today
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
(
Get Free Report)
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.
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