Rep. Cleo Fields Buys Lam Research Corporation (NASDAQ:LRCX) Shares

Representative Cleo Fields (Democratic-Louisiana) recently bought shares of Lam Research Corporation (NASDAQ:LRCX). In a filing disclosed on February 24th, the Representative disclosed that they had bought between $15,001 and $50,000 in Lam Research stock on February 3rd. The trade occurred in the Representative’s “MORGAN STANLEY – E*TRADE #2” account.

Representative Cleo Fields also recently made the following trade(s):

• Purchased $1,001 – $15,000 in shares of Apple (NASDAQ:AAPL) on 2/12/2026.
• Purchased $100,001 – $250,000 in shares of Alphabet (NASDAQ:GOOGL) on 2/3/2026.
• Purchased $100,001 – $250,000 in shares of Micron Technology (NASDAQ:MU) on 2/3/2026.
• Purchased $50,001 – $100,000 in shares of Advanced Micro Devices (NASDAQ:AMD) on 2/3/2026.
• Purchased $100,001 – $250,000 in shares of Meta Platforms (NASDAQ:META) on 2/3/2026.
• Purchased $50,001 – $100,000 in shares of IREN (NASDAQ:IREN) on 1/20/2026.
• Purchased $50,001 – $100,000 in shares of Meta Platforms (NASDAQ:META) on 1/20/2026.
• Purchased $50,001 – $100,000 in shares of Netflix (NASDAQ:NFLX) on 1/20/2026.
• Purchased $100,001 – $250,000 in shares of Alphabet (NASDAQ:GOOG) on 1/20/2026.
• Purchased $1,001 – $15,000 in shares of Alphabet (NASDAQ:GOOG) on 1/12/2026.

Lam Research Trading Up 2.1%

Lam Research stock opened at $249.48 on Thursday. Lam Research Corporation has a 1 year low of $56.32 and a 1 year high of $256.68. The firm’s 50 day moving average price is $214.18 and its 200-day moving average price is $163.37. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.26 and a quick ratio of 1.61. The stock has a market cap of $311.54 billion, a P/E ratio of 51.12, a PEG ratio of 2.62 and a beta of 1.78.

Lam Research (NASDAQ:LRCX) last issued its earnings results on Wednesday, January 28th. The semiconductor company reported $1.27 earnings per share for the quarter, topping analysts’ consensus estimates of $1.17 by $0.10. The firm had revenue of $5.34 billion during the quarter, compared to analyst estimates of $5.23 billion. Lam Research had a net margin of 30.22% and a return on equity of 62.81%. Lam Research’s revenue for the quarter was up 22.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.91 earnings per share. Lam Research has set its Q3 2026 guidance at 1.250-1.450 EPS. On average, equities analysts predict that Lam Research Corporation will post 3.71 earnings per share for the current fiscal year.

Lam Research Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 8th. Shareholders of record on Wednesday, March 4th will be issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend is Wednesday, March 4th. Lam Research’s dividend payout ratio (DPR) is 21.31%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. UBS Group set a $300.00 target price on Lam Research in a report on Thursday, January 29th. Needham & Company LLC lifted their price objective on Lam Research from $250.00 to $300.00 and gave the stock a “buy” rating in a research note on Thursday, January 29th. Cantor Fitzgerald reiterated an “overweight” rating and set a $320.00 target price (up from $265.00) on shares of Lam Research in a research report on Thursday, January 29th. JPMorgan Chase & Co. boosted their price target on shares of Lam Research from $165.00 to $300.00 and gave the stock an “overweight” rating in a research report on Thursday, January 29th. Finally, Jefferies Financial Group reissued a “buy” rating and issued a $200.00 price objective (up from $175.00) on shares of Lam Research in a research note on Monday, December 15th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $245.19.

Insiders Place Their Bets

In other Lam Research news, Director Eric Brandt sold 35,000 shares of the stock in a transaction on Friday, February 6th. The stock was sold at an average price of $225.60, for a total value of $7,896,000.00. Following the sale, the director owned 253,705 shares in the company, valued at $57,235,848. This trade represents a 12.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.31% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Lam Research

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Norges Bank purchased a new stake in Lam Research in the 4th quarter worth about $3,645,427,000. Price T Rowe Associates Inc. MD grew its stake in shares of Lam Research by 352.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 13,695,210 shares of the semiconductor company’s stock valued at $2,344,347,000 after buying an additional 10,666,540 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in shares of Lam Research by 781.3% in the third quarter. Arrowstreet Capital Limited Partnership now owns 11,340,865 shares of the semiconductor company’s stock worth $1,518,542,000 after buying an additional 10,053,978 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of Lam Research by 14.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 40,622,437 shares of the semiconductor company’s stock worth $3,954,188,000 after acquiring an additional 5,102,589 shares during the last quarter. Finally, Franklin Resources Inc. boosted its holdings in Lam Research by 57.0% during the 4th quarter. Franklin Resources Inc. now owns 10,110,560 shares of the semiconductor company’s stock valued at $1,730,724,000 after acquiring an additional 3,671,073 shares during the period. Hedge funds and other institutional investors own 84.61% of the company’s stock.

About Representative FIELDS

Cleo Fields (Democratic Party) is a member of the U.S. House, representing Louisiana’s 6th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.

Fields (Democratic Party) is running for re-election to the U.S. House to represent Louisiana’s 6th Congressional District. He declared candidacy for the primary scheduled on November 3, 2026.

Cleo Fields graduated from McKinley High School in 1980. He earned a bachelor’s degree in mass communications from Southern University in 1984 and a J.D. from the Southern University Law Center in 1987. His career experience includes working as a state legislator and U.S. congressman. When Fields was elected to the Louisiana State Senate in 1986, he was the youngest person ever elected to the State Senate in Louisiana’s history. In 1995, Fields ran for governor of Louisiana, becoming the first African American since reconstruction to make the runoff.

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.