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

Representative David Taylor (Republican-Ohio) recently bought shares of Lam Research Corporation (NASDAQ:LRCX). In a filing disclosed on October 29th, the Representative disclosed that they had bought between $1,001 and $15,000 in Lam Research stock on October 15th. 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 AT&T (NYSE:T) on 10/15/2026.
• Purchased $1,001 – $15,000 in shares of Prologis (NYSE:PLD) on 10/15/2026.
• Sold $1,001 – $15,000 in shares of Visa (NYSE:V) on 10/15/2026.
• Purchased $1,001 – $15,000 in shares of RPM International (NYSE:RPM) on 10/15/2026.
• Sold $1,001 – $15,000 in shares of Marathon Petroleum (NYSE:MPC) on 10/15/2026.
• Sold $1,001 – $15,000 in shares of Procter & Gamble (NYSE:PG) on 10/12/2026.
• Purchased $1,001 – $15,000 in shares of Fifth Third Bancorp (NASDAQ:FITB) on 10/9/2026.
• Purchased $1,001 – $15,000 in shares of RPM International (NYSE:RPM) on 10/9/2026.
• Purchased $1,001 – $15,000 in shares of AT&T (NYSE:T) on 10/9/2026.
• Sold $1,001 – $15,000 in shares of Marathon Petroleum (NYSE:MPC) on 9/22/2026.

Lam Research Stock Down 6.0%

LRCX opened at $239.11 on Friday. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.48 and a quick ratio of 1.86. The stock has a market capitalization of $298.69 billion, a price-to-earnings ratio of 35.63, a price-to-earnings-growth ratio of 0.94 and a beta of 1.85. The business has a 50-day moving average of $294.47 and a two-hundred day moving average of $283.78. Lam Research Corporation has a 12 month low of $135.50 and a 12 month high of $438.50.

Lam Research (NASDAQ:LRCX) last posted its quarterly earnings data on Wednesday, October 21st. The semiconductor company reported $2.20 EPS for the quarter, beating analysts’ consensus estimates of $2.18 by $0.02. The company had revenue of $8.22 billion during the quarter, compared to the consensus estimate of $8.14 billion. Lam Research had a net margin of 32.34% and a return on equity of 72.15%. The company’s quarterly revenue was up 54.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.26 EPS. On average, research analysts expect that Lam Research Corporation will post 9.59 earnings per share for the current year.

Lam Research Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 14th. Shareholders of record on Wednesday, September 23rd were paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend was Wednesday, September 23rd. This is a positive change from Lam Research’s previous quarterly dividend of $0.26. Lam Research’s dividend payout ratio is 19.67%.

Insider Activity at Lam Research

In other news, Director Bethany Mayer sold 9,557 shares of the stock in a transaction on Wednesday, September 9th. The shares were sold at an average price of $314.74, for a total transaction of $3,007,970.18. Following the transaction, the director owned 20,995 shares in the company, valued at $6,607,966.30. This represents a 31.28% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Ava Harter sold 5,000 shares of Lam Research stock in a transaction on Monday, August 31st. The shares were sold at an average price of $302.46, for a total transaction of $1,512,300.00. Following the completion of the sale, the insider directly owned 42,462 shares of the company’s stock, valued at approximately $12,843,056.52. The trade was a 10.53% 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. 0.31% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Lam Research

Several institutional investors and hedge funds have recently modified their holdings of the stock. Richardson Financial Services Inc. boosted its position in Lam Research by 360.8% during the third quarter. Richardson Financial Services Inc. now owns 576 shares of the semiconductor company’s stock valued at $189,000 after purchasing an additional 451 shares during the last quarter. Ascent Group LLC grew its stake in shares of Lam Research by 5.3% in the 3rd quarter. Ascent Group LLC now owns 22,772 shares of the semiconductor company’s stock valued at $7,481,000 after buying an additional 1,145 shares in the last quarter. Caldwell Trust Co increased its holdings in Lam Research by 4.3% in the third quarter. Caldwell Trust Co now owns 4,704 shares of the semiconductor company’s stock worth $1,545,000 after buying an additional 196 shares during the last quarter. JCIC Asset Management Inc. acquired a new position in Lam Research in the third quarter worth approximately $168,000. Finally, 3Chopt Investment Partners LLC raised its position in Lam Research by 4.1% during the third quarter. 3Chopt Investment Partners LLC now owns 18,011 shares of the semiconductor company’s stock valued at $5,923,000 after acquiring an additional 712 shares in the last quarter. Hedge funds and other institutional investors own 84.61% of the company’s stock.

Wall Street Analyst Weigh In

LRCX has been the topic of a number of recent analyst reports. Morgan Stanley set a $339.00 price target on shares of Lam Research and gave the stock an “overweight” rating in a research note on Thursday, October 22nd. Berenberg Bank set a $420.00 price objective on shares of Lam Research in a research note on Wednesday, September 9th. Bank of America restated a “buy” rating and set a $345.00 price objective on shares of Lam Research in a report on Thursday, October 22nd. Fundamental Research set a $390.00 target price on Lam Research in a research report on Thursday, October 1st. Finally, HSBC reaffirmed a “hold” rating and issued a $333.00 target price on shares of Lam Research in a research report on Monday, July 27th. Twenty-six analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, Lam Research has a consensus rating of “Moderate Buy” and an average price target of $360.23.

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

Lam Research Corporation (NASDAQ:LRCX) is a semiconductor equipment company that develops and manufactures systems used to fabricate integrated circuits. Its technologies support key stages of wafer processing, helping semiconductor manufacturers create the increasingly complex structures found in memory, logic and other types of chips.

The company’s product portfolio includes etch systems, which selectively remove materials from wafers; deposition systems, which apply thin films; and cleaning solutions used to remove contaminants and residue during manufacturing.