Lam Research (LRCX) Insider Eric Brandt Sells $19M of Stock

Eric Brandt's Recent Sale

Eric Brandt sold 54,500 shares of Lam Research Corporation (LRCX) for about $19.1 million on June 11, 2026. The shares were sold at an average price of $350.80. Brandt's sale is part of a planned strategy, and it follows a series of insider transactions in the company.

Insider Buying and Selling at Lam Research Corporation

In a separate transaction, Brandt sold shares on June 12, 2026, at a price of $367.18, valued at approximately $20.0 million. This indicates a consistent pattern of selling by Brandt, who has been active in managing his holdings in Lam Research. The company's stock has seen significant movement recently, and Brandt's planned sales suggest a strategic approach to his investments.

Institutional Activity

No recent institutional activity was reported for Lam Research in this filing period. However, the broader market interest in semiconductor stocks remains high, as evidenced by ongoing analyst coverage and investor interest in the sector.

How Lam Research Corporation Stock Has Traded

Currently, Lam Research shares are trading at $385.82, well above their 50-day moving average of $309.94 and close to their 52-week high of $438.50. The stock has shown a strong upward trend, gaining momentum after closing at $286.92 previously. This performance reflects the company's solid position in the semiconductor equipment industry.

Analysts Set New Price Targets

On October 5, 2026, Morgan Stanley maintained an Overweight rating on Lam Research with a price target of $385. This follows several other firms, including B. Riley Securities, which also kept a Buy rating with a target of $390 on October 1, 2026. Analysts are generally optimistic about Lam Research's future, with a consensus rating of strong buy and a mean price target of $375.81 based on 31 opinions.

What Lam Research Corporation Does

Lam Research Corporation, based in Fremont, California, designs and manufactures semiconductor processing equipment. The company plays a crucial role in the semiconductor industry, providing various products for chip manufacturing, which are essential for technology across multiple sectors.

What's Ahead for Lam Research Corporation

Investors will be watching for Lam Research's next earnings report scheduled for October 21, 2026. As a reminder, this insider transaction reflects past holdings and may not represent Brandt's current investment strategy. With continued analyst support and a strong market position, Lam Research remains a key player in the semiconductor equipment space.