Lam Research (NASDAQ:LRCX) Shares Unloaded Rep. William R. Keating

Representative William R. Keating (D-Massachusetts) recently sold shares of Lam Research Co. (NASDAQ:LRCX). In a filing disclosed on February 25th, the Representative disclosed that they had sold between $1,001 and $15,000 in Lam Research stock on January 24th. The trade occurred in the Representative’s “BILL’S IRA” account.

Representative William R. Keating also recently made the following trade(s):

• Purchased $1,001 – $15,000 in shares of Aramark (NYSE:ARMK) on 2/5/2025.
• Purchased $1,001 – $15,000 in shares of PepsiCo (NASDAQ:PEP) on 2/5/2025.
• Purchased $1,001 – $15,000 in shares of Accenture (NYSE:ACN) on 2/5/2025.
• Purchased $1,001 – $15,000 in shares of Microsoft (NASDAQ:MSFT) on 2/5/2025.
• Purchased $1,001 – $15,000 in shares of KLA (NASDAQ:KLAC) on 1/24/2025.
• Purchased $1,001 – $15,000 in shares of CoStar Group (NASDAQ:CSGP) on 1/21/2025.
• Sold $1,001 – $15,000 in shares of Airbnb (NASDAQ:ABNB) on 1/7/2025.
• Purchased $1,001 – $15,000 in shares of Amazon.com (NASDAQ:AMZN) on 1/7/2025.
• Purchased $1,001 – $15,000 in shares of Fiserv (NYSE:FI) on 1/7/2025.

Lam Research Stock Down 6.3 %

LRCX stock opened at $76.17 on Friday. The business’s 50-day moving average is $78.84 and its two-hundred day moving average is $78.10. The company has a market cap of $97.78 billion, a price-to-earnings ratio of 23.14, a P/E/G ratio of 1.47 and a beta of 1.46. Lam Research Co. has a fifty-two week low of $68.87 and a fifty-two week high of $113.00. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.73 and a current ratio of 2.54.

Lam Research (NASDAQ:LRCX) last announced its earnings results on Wednesday, January 29th. The semiconductor company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.04. Lam Research had a net margin of 26.49% and a return on equity of 51.86%. As a group, analysts forecast that Lam Research Co. will post 3.71 earnings per share for the current year.

Lam Research Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Wednesday, March 5th will be issued a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 1.21%. The ex-dividend date is Wednesday, March 5th. Lam Research’s payout ratio is currently 27.96%.

Insider Activity

In other news, SVP Seshasayee Varadarajan sold 110,080 shares of the stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $90.00, for a total value of $9,907,200.00. Following the sale, the senior vice president now directly owns 179,084 shares in the company, valued at approximately $16,117,560. This represents a 38.07 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.29% of the company’s stock.

Institutional Trading of Lam Research

Several hedge funds have recently made changes to their positions in the business. Migdal Insurance & Financial Holdings Ltd. raised its position in Lam Research by 2,400.0% during the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 200 shares of the semiconductor company’s stock valued at $163,000 after purchasing an additional 192 shares during the period. Insight Wealth Partners LLC purchased a new stake in Lam Research during the 3rd quarter valued at $202,000. B&L Asset Management LLC bought a new stake in Lam Research in the third quarter worth $204,000. Dynamic Technology Lab Private Ltd purchased a new position in Lam Research during the third quarter worth $220,000. Finally, Tilson Financial Group Inc. bought a new position in Lam Research during the third quarter valued at $233,000. 84.61% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently commented on LRCX. Barclays decreased their price objective on Lam Research from $90.00 to $75.00 and set an “equal weight” rating on the stock in a research note on Friday, January 17th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $100.00 price target on shares of Lam Research in a report on Tuesday, February 18th. KeyCorp raised shares of Lam Research from a “sector weight” rating to an “overweight” rating and set a $95.00 price objective for the company in a research note on Friday, January 17th. Sanford C. Bernstein upgraded shares of Lam Research from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $85.00 to $91.00 in a research note on Thursday, January 30th. Finally, Morgan Stanley increased their price target on Lam Research from $76.00 to $78.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 5th. Six research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $98.22.

About Representative Keating

Bill Keating (Democratic Party) is a member of the U.S. House, representing Massachusetts’ 9th Congressional District. He assumed office on January 3, 2013. His current term ends on January 3, 2027.

Keating (Democratic Party) is running for re-election to the U.S. House to represent Massachusetts’ 9th Congressional District. He declared candidacy for the 2026 election.

After earning his bachelor’s degree, Keating went into politics as a 23-year-old representative in the Massachusetts House of Representatives. He served in that chamber for seven years and went on to be elected to the Massachusetts Senate. Keating also earned his master’s degree and J.D., passing the Massachusetts bar. In the decade between serving in the state senate and being elected to the U.S. House, Keating worked as the Norfolk district attorney.

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.