Rep. Gilbert Ray Cisneros, Jr. Sells Off Shares of Lam Research Co. (NASDAQ:LRCX)

Representative Gilbert Ray Cisneros, Jr. (D-California) recently sold shares of Lam Research Co. (NASDAQ:LRCX). In a filing disclosed on February 11th, the Representative disclosed that they had sold between $15,001 and $50,000 in Lam Research stock on January 28th. The trade occurred in the Representative’s “150 MAIN STREET TRUST > BANK OF AMERICA” account.

Representative Gilbert Ray Cisneros, Jr. also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of ICF International (NASDAQ:ICFI) on 2/3/2025.
• Purchased $15,001 – $50,000 in shares of CACI International (NYSE:CACI) on 1/31/2025.
• Purchased $50,001 – $100,000 in shares of Hawaiian Electric Industries (NYSE:HE) on 1/31/2025.
• Sold $1,001 – $15,000 in shares of Broadcom (NASDAQ:AVGO) on 1/30/2025.
• Purchased $1,001 – $15,000 in shares of Intuitive Surgical (NASDAQ:ISRG) on 1/30/2025.
• Purchased $1,001 – $15,000 in shares of Agios Pharmaceuticals (NASDAQ:AGIO) on 1/29/2025.
• Purchased $1,001 – $15,000 in shares of SpringWorks Therapeutics (NASDAQ:SWTX) on 1/29/2025.
• Purchased $1,001 – $15,000 in shares of Paragon 28 (NYSE:FNA) on 1/29/2025.
• Purchased $1,001 – $15,000 in shares of U.S. Physical Therapy (NYSE:USPH) on 1/29/2025.
• Purchased $1,001 – $15,000 in shares of Crinetics Pharmaceuticals (NASDAQ:CRNX) on 1/29/2025.

Lam Research Stock Performance

Shares of Lam Research stock traded up $0.47 on Thursday, reaching $82.04. 1,829,863 shares of the company traded hands, compared to its average volume of 11,946,523. The firm has a market capitalization of $105.31 billion, a PE ratio of 24.93, a PEG ratio of 1.37 and a beta of 1.46. The company has a 50 day moving average of $77.19 and a 200 day moving average of $77.92. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.54 and a quick ratio of 1.73. Lam Research Co. has a 52 week low of $68.87 and a 52 week high of $113.00.

Lam Research (NASDAQ:LRCX) last posted its earnings results on Wednesday, January 29th. The semiconductor company reported $0.91 earnings per share 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%. Equities analysts forecast that Lam Research Co. will post 3.69 earnings per share for the current year.

Lam Research Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Wednesday, March 5th will be paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date is Wednesday, March 5th. Lam Research’s payout ratio is 27.95%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Advisory Services Network LLC lifted its position in Lam Research by 1,111.4% during the fourth quarter. Advisory Services Network LLC now owns 164,255 shares of the semiconductor company’s stock valued at $11,864,000 after buying an additional 150,696 shares during the period. Applied Finance Capital Management LLC lifted its position in Lam Research by 1,057.4% during the 4th quarter. Applied Finance Capital Management LLC now owns 18,020 shares of the semiconductor company’s stock valued at $1,302,000 after acquiring an additional 16,463 shares during the period. Abacus FCF Advisors LLC boosted its stake in Lam Research by 3,396.7% during the fourth quarter. Abacus FCF Advisors LLC now owns 118,222 shares of the semiconductor company’s stock worth $8,539,000 after acquiring an additional 114,841 shares in the last quarter. Renaissance Technologies LLC grew its holdings in Lam Research by 198.6% in the fourth quarter. Renaissance Technologies LLC now owns 88,260 shares of the semiconductor company’s stock worth $6,375,000 after purchasing an additional 58,703 shares during the period. Finally, Bank of Nova Scotia increased its stake in shares of Lam Research by 5,991.4% during the fourth quarter. Bank of Nova Scotia now owns 3,390,249 shares of the semiconductor company’s stock valued at $244,878,000 after purchasing an additional 3,334,593 shares in the last quarter. Hedge funds and other institutional investors own 84.61% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on LRCX. Wells Fargo & Company upped their price target on Lam Research from $82.00 to $85.00 and gave the company an “equal weight” rating in a research report on Thursday, January 30th. Mizuho reduced their target price on Lam Research from $95.00 to $90.00 and set an “outperform” rating for the company in a research report on Friday, January 10th. Morgan Stanley raised their price target on Lam Research from $76.00 to $78.00 and gave the company an “equal weight” rating in a report on Thursday, December 5th. Sanford C. Bernstein raised Lam Research from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $85.00 to $91.00 in a report on Thursday, January 30th. Finally, BNP Paribas raised shares of Lam Research to a “hold” rating in a research note on Thursday, October 24th. Seven investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to MarketBeat, Lam Research presently has an average rating of “Moderate Buy” and a consensus price target of $95.72.

About Representative Cisneros

Gil Cisneros (Democratic Party) is a member of the U.S. House, representing California’s 31st Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.

Cisneros (Democratic Party) is running for re-election to the U.S. House to represent California’s 31st Congressional District. He declared candidacy for the 2026 election.

Gil Cisneros served in the U.S. Navy as a supply officer from 1994 to 2004. Cisneros earned a bachelor’s degree in political science from George Washington University in 1994, a master’s in business administration from Regis University in 2002, and a master’s degree in urban education policy from Brown University in 2015. His career experience includes working as a logistics manager for Frito-Lay. In 2010, Cisneros won the lottery and became involved in activism and philanthropy, founding a scholarship program for local high school students. In 2021, President Joe Biden (D) appointed Cisneros as under secretary of defense for personnel and readiness.

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.