Rep. Jefferson Shreve Purchases Shares of Lam Research Co. (NASDAQ:LRCX)

Representative Jefferson Shreve (R-Indiana) recently bought shares of Lam Research Co. NASDAQ: LRCX. In a filing disclosed on April 11th, the Representative disclosed that they had bought between $50,001 and $100,000 in Lam Research stock on March 31st. The trade occurred in the Representative's "CRT - STANDARD UNIT TRUST" account.

Representative Jefferson Shreve also recently made the following trade(s):

• Purchased $15,001 - $50,000 in shares of Harley-Davidson NYSE: HOG on 3/31/2025.
• Purchased $50,001 - $100,000 in shares of Block NYSE: XYZ on 3/31/2025.
• Sold $15,001 - $50,000 in shares of DuPont de Nemours NYSE: DD on 3/31/2025.
• Purchased $15,001 - $50,000 in shares of United Community Banks NASDAQ: UCB on 3/31/2025.
• Sold $15,001 - $50,000 in shares of IDEX NYSE: IEX on 3/31/2025.
• Purchased $15,001 - $50,000 in shares of HNI NYSE: HNI on 3/31/2025.
• Sold $50,001 - $100,000 in shares of ServiceNow NYSE: NOW on 3/31/2025.
• Sold $15,001 - $50,000 in shares of Coinbase Global NASDAQ: COIN on 3/31/2025.
• Sold $15,001 - $50,000 in shares of Constellation Energy NASDAQ: CEG on 3/31/2025.
• Sold $50,001 - $100,000 in shares of Simon Property Group NYSE: SPG on 3/31/2025.

Lam Research Stock Down 2.1 %

Lam Research stock traded down $1.38 on Friday, hitting $63.76. 13,845,188 shares of the stock traded hands, compared to its average volume of 12,145,383. The business's fifty day simple moving average is $74.79 and its 200 day simple moving average is $75.93. The firm has a market cap of $81.85 billion, a P/E ratio of 19.37, a price-to-earnings-growth ratio of 1.47 and a beta of 1.52. The company has a current ratio of 2.54, a quick ratio of 1.73 and a debt-to-equity ratio of 0.51. Lam Research Co. has a 1 year low of $56.32 and a 1 year high of $113.00.

Lam Research (NASDAQ:LRCX - Get Free Report) last posted its quarterly earnings data on Wednesday, January 29th. The semiconductor company reported $0.91 EPS for the quarter, topping 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, sell-side analysts forecast that Lam Research Co. 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, April 9th. Shareholders of record on Wednesday, March 5th were issued a $0.23 dividend. The ex-dividend date was Wednesday, March 5th. This represents a $0.92 dividend on an annualized basis and a yield of 1.44%. Lam Research's dividend payout ratio (DPR) is 27.96%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in LRCX. Shepherd Financial Partners LLC increased its holdings in Lam Research by 4.6% in the 1st quarter. Shepherd Financial Partners LLC now owns 6,072 shares of the semiconductor company's stock worth $441,000 after acquiring an additional 266 shares in the last quarter. Clarius Group LLC boosted its position in shares of Lam Research by 32.7% in the first quarter. Clarius Group LLC now owns 13,053 shares of the semiconductor company's stock worth $949,000 after purchasing an additional 3,219 shares during the period. Insigneo Advisory Services LLC increased its stake in shares of Lam Research by 5.3% in the first quarter. Insigneo Advisory Services LLC now owns 6,213 shares of the semiconductor company's stock worth $452,000 after purchasing an additional 315 shares in the last quarter. Chicago Capital LLC purchased a new position in shares of Lam Research during the 1st quarter valued at $904,000. Finally, Grove Bank & Trust bought a new position in Lam Research in the 1st quarter worth $245,000. Institutional investors own 84.61% of the company's stock.

Insiders Place Their Bets

In related news, SVP Seshasayee Varadarajan sold 110,080 shares of the firm's stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $90.00, for a total transaction of $9,907,200.00. Following the completion of the transaction, the senior vice president now directly owns 179,084 shares of the company's stock, valued at approximately $16,117,560. This trade represents a 38.07 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.29% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

LRCX has been the subject of a number of analyst reports. Bank of America reduced their price objective on shares of Lam Research from $110.00 to $90.00 and set a "buy" rating for the company in a research note on Wednesday. Needham & Company LLC reissued a "buy" rating and set a $90.00 price target on shares of Lam Research in a research report on Thursday, January 30th. The Goldman Sachs Group lowered their price objective on Lam Research from $96.00 to $85.00 and set a "buy" rating on the stock in a research report on Friday, January 10th. Mizuho lifted their target price on Lam Research from $87.00 to $100.00 and gave the stock an "outperform" rating in a report on Thursday, February 20th. Finally, Stifel Nicolaus lowered their price target on Lam Research from $100.00 to $92.00 and set a "buy" rating on the stock in a report on Tuesday. Six research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company's stock. According to MarketBeat, Lam Research presently has a consensus rating of "Moderate Buy" and an average price target of $93.87.

About Representative Shreve

Jefferson Shreve (Republican Party) is a member of the U.S. House, representing Indiana's 6th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Shreve (Republican Party) is running for re-election to the U.S. House to represent Indiana's 6th Congressional District. He declared candidacy for the 2026 election. Email editor@ballotpedia.org to notify us of updates to this biography. Jefferson Shreve earned a bachelor's degree from Indiana University in 1989, a graduate degree from the University of London in 1998, and a graduate degree from Purdue University in 2003. Shreve's career experience includes working as a real estate executive. Shreve was elected 7th District Vice Chairman of the Indiana Republican State Committee on January 17, 2018, and was re-elected on March 6, 2021. In 2020, he was selected as a district-level delegate to the 2020 Republican National Convention.

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.