Rep. David Taylor Sells Off Shares of Lam Research Corporation (NASDAQ:LRCX)

Key Points

• Rep. David Taylor disclosed selling $1,001 to $15,000 of Lam Research shares on April 27, in a filing made public on May 7.
• Lam Research reported a strong quarter, with EPS of $1.47 beating estimates and revenue of $5.84 billion, while also issuing Q4 2026 guidance of $1.50 to $1.80 EPS.
• The stock has surged sharply, recently trading near its 52-week high around $298, and analysts remain broadly positive with a Moderate Buy rating and an average target price of $285.94.

Representative David Taylor (Republican-Ohio) recently sold shares of Lam Research Corporation (NASDAQ:LRCX). In a filing disclosed on May 07th, the Representative disclosed that they had sold between $1,001 and $15,000 in Lam Research stock on April 27th. 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 Procter & Gamble NYSE: PG on 4/27/2026.
• Purchased $1,001 - $15,000 in shares of Visa NYSE: V on 4/27/2026.
• Purchased $1,001 - $15,000 in shares of Progressive NYSE: PGR on 4/27/2026.
• Purchased $1,001 - $15,000 in shares of Home Depot NYSE: HD on 4/27/2026.
• Sold $1,001 - $15,000 in shares of Home Depot NYSE: HD on 4/27/2026.
• Sold $1,001 - $15,000 in shares of Broadcom NASDAQ: AVGO on 4/27/2026.
• Sold $1,001 - $15,000 in shares of Kroger NYSE: KR on 3/24/2026.
• Purchased $1,001 - $15,000 in shares of Installed Building Products NYSE: IBP on 3/24/2026.
• Sold $1,001 - $15,000 in shares of Chevron NYSE: CVX on 3/12/2026.
• Purchased $1,001 - $15,000 in shares of Lam Research NASDAQ: LRCX on 3/12/2026.

Lam Research Stock Up 2.6%

LRCX opened at $294.05 on Friday. The company's 50-day moving average price is $238.93 and its two-hundred day moving average price is $204.97. Lam Research Corporation has a twelve month low of $74.65 and a twelve month high of $297.99. The company has a quick ratio of 1.77, a current ratio of 2.54 and a debt-to-equity ratio of 0.35. The stock has a market cap of $367.73 billion, a price-to-earnings ratio of 55.48, a PEG ratio of 2.37 and a beta of 1.81.

Lam Research (NASDAQ:LRCX - Get Free Report) last posted its quarterly earnings results on Wednesday, April 22nd. The semiconductor company reported $1.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.36 by $0.11. Lam Research had a net margin of 30.94% and a return on equity of 66.21%. The company had revenue of $5.84 billion for the quarter, compared to analyst estimates of $5.70 billion. During the same quarter in the previous year, the firm posted $1.04 earnings per share. The company's quarterly revenue was up 23.8% compared to the same quarter last year. Lam Research has set its Q4 2026 guidance at 1.500-1.800 EPS. As a group, equities analysts expect that Lam Research Corporation will post 5.67 earnings per share for the current year.

Insider Buying and Selling at Lam Research

In other Lam Research news, insider Ava Harter sold 6,010 shares of the company's stock in a transaction that occurred 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 transaction, the insider owned 53,205 shares in the company, valued at approximately $13,762,005.30. This represents a 10.15% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Neil J. Fernandes sold 18,170 shares of the company's stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $255.14, for a total transaction of $4,635,893.80. Following the transaction, the senior vice president owned 66,129 shares in the company, valued at $16,872,153.06. The trade was a 21.55% 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. Insiders sold a total of 120,066 shares of company stock worth $27,953,242 over the last three months. Corporate insiders own 0.31% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in LRCX. Generali Investments Management Co LLC lifted its holdings in shares of Lam Research by 62.0% in the 4th quarter. Generali Investments Management Co LLC now owns 36,274 shares of the semiconductor company's stock worth $6,209,000 after buying an additional 13,878 shares during the period. Lingohr Asset Management GmbH increased its holdings in shares of Lam Research by 590.7% in the 3rd quarter. Lingohr Asset Management GmbH now owns 59,555 shares of the semiconductor company's stock valued at $7,974,000 after acquiring an additional 50,933 shares during the period. Mediolanum International Funds Ltd boosted its stake in Lam Research by 52.0% in the third quarter. Mediolanum International Funds Ltd now owns 262,544 shares of the semiconductor company's stock valued at $34,417,000 after acquiring an additional 89,856 shares in the last quarter. First Citizens Bank & Trust Co. boosted its stake in Lam Research by 8.0% in the third quarter. First Citizens Bank & Trust Co. now owns 140,433 shares of the semiconductor company's stock valued at $18,804,000 after acquiring an additional 10,408 shares in the last quarter. Finally, Thoroughbred Financial Services LLC boosted its stake in Lam Research by 115.2% in the third quarter. Thoroughbred Financial Services LLC now owns 22,198 shares of the semiconductor company's stock valued at $2,972,000 after acquiring an additional 11,883 shares in the last quarter. 84.61% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

LRCX has been the topic of several research reports. KeyCorp reissued a "sector weight" rating on shares of Lam Research in a research report on Thursday, January 29th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Lam Research from $300.00 to $325.00 and gave the stock a "buy" rating in a report on Thursday, April 23rd. Oppenheimer reiterated an "outperform" rating and set a $330.00 target price on shares of Lam Research in a research report on Thursday, April 23rd. Citic Securities lifted their target price on shares of Lam Research from $165.00 to $275.00 and gave the company a "buy" rating in a research report on Friday, January 30th. Finally, HSBC boosted their price objective on shares of Lam Research from $221.00 to $247.00 and gave the stock a "hold" rating in a report on Friday, April 24th. Twenty-six research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $285.94.

More Lam Research News

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

• Positive Sentiment: B. Riley raised its price target on Lam Research to $350 from $330 and kept a Buy rating, citing strong earnings and solid execution. Why Analysts Are Growing More Confident In Lam Research (LRCX)
• Positive Sentiment: Erste Group Bank lifted FY2027 EPS estimates for Lam Research to $7.88 from $7.74, suggesting analysts see better long-term earnings power. Lam Research stock page
• Positive Sentiment: Recent coverage highlights Lam Research as an AI-fab beneficiary with orders beating expectations, supporting the case for further upside after a sharp rally. Lam Research (LRCX) Is Up 19.5% After AI-Fab Orders Beat Expectations Has The Bull Case Changed?
• Neutral Sentiment: Some commentary notes the stock has already surged dramatically over the past year, which may raise overbought concerns even as Wall Street remains constructive. Lam Research Has Surged 300% in a Year. Wall Street Sees More Gains Still Ahead
• Neutral Sentiment: Investor articles argue the rally may still have room to run, but that view is speculative rather than a direct fundamental update. Why Lam Research Still Looks Like a Buy After a 300% Rally

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 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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