Sen. Markwayne Mullin Purchases Shares of Lam Research Corporation (NASDAQ:LRCX)

Senator Markwayne Mullin (R-Oklahoma) recently bought shares of Lam Research Corporation (NASDAQ:LRCX). In a filing disclosed on January 16th, the Senator disclosed that they had bought between $50,001 and $100,000 in Lam Research stock on December 29th.

Senator Markwayne Mullin also recently made the following trade(s):

• Purchased $15,001 – $50,000 in shares of Deere & Company (NYSE:DE) on 12/29/2025.
• Purchased $15,001 – $50,000 in shares of Hilton Worldwide (NYSE:HLT) on 12/29/2025.
• Purchased $15,001 – $50,000 in shares of RTX (NYSE:RTX) on 12/29/2025.
• Purchased $15,001 – $50,000 in shares of CocaCola (NYSE:KO) on 12/29/2025.
• Purchased $15,001 – $50,000 in shares of Elevance Health (NYSE:ELV) on 12/29/2025.
• Purchased $1,001 – $15,000 in shares of American Express (NYSE:AXP) on 12/29/2025.
• Purchased $100,001 – $250,000 in shares of Amazon.com (NASDAQ:AMZN) on 12/29/2025.
• Purchased $50,001 – $100,000 in shares of JPMorgan Chase & Co. (NYSE:JPM) on 12/29/2025.
• Purchased $15,001 – $50,000 in shares of The Goldman Sachs Group (NYSE:GS) on 12/29/2025.
• Purchased $15,001 – $50,000 in shares of Boston Scientific (NYSE:BSX) on 12/29/2025.

Lam Research Price Performance

Shares of LRCX stock traded up $5.49 during mid-day trading on Friday, hitting $222.96. 14,356,783 shares of the stock were exchanged, compared to its average volume of 11,562,030. Lam Research Corporation has a 52-week low of $56.32 and a 52-week high of $229.57. The company has a quick ratio of 1.60, a current ratio of 2.21 and a debt-to-equity ratio of 0.37. The company has a market cap of $280.04 billion, a PE ratio of 49.11, a price-to-earnings-growth ratio of 2.56 and a beta of 1.77. The firm has a fifty day moving average of $171.60 and a 200 day moving average of $137.26.

Lam Research (NASDAQ:LRCX) last released its quarterly earnings results on Wednesday, October 22nd. The semiconductor company reported $1.26 earnings per share for the quarter, topping analysts’ consensus estimates of $1.22 by $0.04. Lam Research had a return on equity of 60.60% and a net margin of 29.66%.The company had revenue of $5.32 billion during the quarter, compared to analysts’ expectations of $5.23 billion. During the same quarter in the prior year, the firm posted $0.86 EPS. Lam Research’s quarterly revenue was up 27.7% compared to the same quarter last year. Lam Research has set its Q2 2026 guidance at 1.050-1.250 EPS. Research analysts anticipate that Lam Research Corporation will post 3.71 earnings per share for the current year.

Lam Research Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 7th. Shareholders of record on Wednesday, December 3rd were given a $0.26 dividend. The ex-dividend date was Wednesday, December 3rd. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.5%. Lam Research’s dividend payout ratio is 22.91%.

Institutional Investors Weigh In On Lam Research

A number of large investors have recently made changes to their positions in LRCX. Vanguard Group Inc. increased its position in shares of Lam Research by 0.3% during the third quarter. Vanguard Group Inc. now owns 130,974,214 shares of the semiconductor company’s stock valued at $17,537,447,000 after acquiring an additional 364,949 shares during the last quarter. State Street Corp increased its holdings in Lam Research by 0.4% in the 3rd quarter. State Street Corp now owns 59,817,352 shares of the semiconductor company’s stock valued at $8,024,684,000 after purchasing an additional 265,805 shares during the last quarter. JPMorgan Chase & Co. raised its position in Lam Research by 14.4% in the second 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. Geode Capital Management LLC lifted its stake in Lam Research by 3.5% during the second quarter. Geode Capital Management LLC now owns 33,802,736 shares of the semiconductor company’s stock worth $3,280,484,000 after purchasing an additional 1,135,405 shares in the last quarter. Finally, Invesco Ltd. boosted its position in shares of Lam Research by 18.2% during the third quarter. Invesco Ltd. now owns 21,182,948 shares of the semiconductor company’s stock worth $2,836,397,000 after buying an additional 3,263,658 shares during the period. 84.61% of the stock is currently owned by hedge funds and other institutional investors.

Key Headlines Impacting Lam Research

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

• Positive Sentiment: TSMC’s $52–$56 billion 2026 CapEx roadmap is highlighted as a direct driver of equipment demand for 2nm/3D chip builds — Lam Research is named specifically for cryogenic etching used in vertical stacking. The $56 Billion Draft: Follow TSMC’s CapEx Stream
• Positive Sentiment: Coverage highlighting TSMC’s $56B AI bet lists Lam among the primary beneficiaries, reinforcing the narrative that foundry CapEx flows directly to equipment suppliers. TSMC’s $56B AI Bet Just Made These 3 Stocks Millionaire Makers
• Positive Sentiment: Multiple sell‑side firms (Wells Fargo, RBC, Stifel, BofA, Rothschild/Redburn) raised ratings and price targets — several to ~$245–$250 — signaling stronger consensus forward estimates and supporting a higher valuation. Wells Fargo upgrade / The Fly
• Positive Sentiment: Industry press (Barron’s, Seeking Alpha) links broad chip-stock strength to TSMC’s spending — reinforcing sector momentum that benefits Lam as an essential equipment vendor. ASML, Lam Research, Applied Materials Surge
• Positive Sentiment: Analyst research/upgrades (Seeking Alpha write-up and Zacks pieces) increase earnings and free-cash-flow expectations based on a wafer‑fab-equipment (WFE) “supercycle,” which supports upward revisions to LRCX valuation models. Lam Research: Why The WFE Supercycle Changes The Valuation (Rating Upgrade)
• Neutral Sentiment: Momentum and style-score stories (Zacks) reiterate LRCX’s growth traits — useful for investor positioning but less likely to move price than large-capital orders or formal guidance changes. Here’s Why Lam Research (LRCX) is a Strong Growth Stock

Insider Activity

In other Lam Research news, Director Bethany Mayer sold 1,298 shares of the business’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $159.99, for a total transaction of $207,667.02. Following the sale, the director directly owned 1,652 shares in the company, valued at $264,303.48. This represents a 44.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Douglas R. Bettinger sold 40,080 shares of Lam Research stock in a transaction that occurred on Friday, November 14th. The shares were sold at an average price of $150.60, for a total transaction of $6,036,048.00. Following the completion of the transaction, the chief financial officer owned 987,237 shares of the company’s stock, valued at $148,677,892.20. This trade represents a 3.90% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 50,418 shares of company stock valued at $7,667,305. 0.31% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on LRCX shares. Cantor Fitzgerald reissued an “overweight” rating and issued a $265.00 price target (up previously from $210.00) on shares of Lam Research in a research note on Thursday, January 8th. Oppenheimer set a $200.00 target price on shares of Lam Research and gave the company an “outperform” rating in a research report on Thursday, October 23rd. Deutsche Bank Aktiengesellschaft upped their price target on shares of Lam Research from $160.00 to $195.00 and gave the stock a “buy” rating in a research report on Friday, December 19th. UBS Group reiterated a “buy” rating and issued a $200.00 price objective (up from $175.00) on shares of Lam Research in a report on Tuesday, December 23rd. Finally, Bank of America boosted their price objective on Lam Research from $195.00 to $245.00 and gave the stock a “buy” rating in a research note on Tuesday, January 13th. Twenty-eight research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $189.55.

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.

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.