Eric Brandt Sells Shares of Lam Research Corporation
Eric Brandt sold 54,500 shares of Lam Research, raising $20 million.
Key Points
- Eric Brandt sold 54,500 shares of Lam Research Corporation, netting approximately $20 million on June 12, 2026.
- Lam Research shares are trading near $385.82 with a market cap of $458.7 billion and a P/E ratio of 69.47.
- Peers like Geode Capital Management increased their holdings in Lam Research, while BlackRock reduced its stake.
On June 12, 2026, Eric Brandt sold 54,500 shares of Lam Research Corporation, which trades on the NasdaqGS under the ticker LRCX. The transaction was valued at approximately $20 million, with an average sale price of $367.18 per share. This sale was conducted under a planned trading arrangement.
Insider Buying and Selling at Lam Research Corporation
Eric Brandt's recent sale of 54,500 shares on June 12, 2026, was part of a planned transaction. The average sale price was $367.18, resulting in a total value of about $20 million. Earlier, on June 11, 2026, Brandt also sold 54,500 shares at an average price of $350.80. Other insiders, such as Senior Vice President Neil Fernandes, sold shares on June 1 and May 1, 2026, as part of planned sales.
Other Institutional Activity in Lam Research
Several institutional investors have recently adjusted their positions in Lam Research. Geode Capital Management, LLC increased its stake by 1,428,558 shares, bringing its total to 35,175,926 shares valued at approximately $7.5 billion. Meanwhile, BlackRock, Inc. reduced its holdings by 1,407,391 shares, now holding 132,852,320 shares worth about $28.4 billion. Vanguard Capital Management LLC and Vanguard Portfolio Management LLC both increased their holdings significantly, each adding over 37 million shares.
Lam Research Corporation Stock Snapshot
Shares of Lam Research Corporation (NasdaqGS:LRCX) are currently trading near $385.82. The company has a market capitalization of $458.7 billion and a P/E ratio of 69.47. Its forward P/E is 46.04, and the stock has demonstrated a beta of 1.87, indicating higher volatility compared to the market. Lam Research's 52-week range is between $87.75 and $373.82, with a 50-day moving average of $285.93 and a 200-day moving average of $204.48.
Recent Earnings
Lam Research reported revenue of $21.68 billion, reflecting a growth rate of 23.8%. The company's net margin stands at 30.94%, with a return on equity of 66.76%. Earnings per share (EPS) were $5.28. The next earnings announcement is scheduled for July 29, 2026.
Dividend
Lam Research offers an annual dividend rate of $1.04, yielding 0.28%. The dividend payout ratio is 19.09%.
Analysts Set New Price Targets
Analysts have recently set new price targets for Lam Research. On June 15, 2026, Oppenheimer maintained its buy rating with a $400 price target. Barclays maintained a hold rating with a $335 target on June 11, 2026. Cantor Fitzgerald and UBS both maintained buy ratings with targets of $425 and $375, respectively.
About Lam Research Corporation
Lam Research Corporation, headquartered in Fremont, California, designs and manufactures semiconductor processing equipment. The company serves a global market, including regions like the United States, China, and Europe. Led by CEO Timothy M. Archer, Lam Research employs around 20,600 people and operates within the Technology sector, specifically in Semiconductor Equipment & Materials.
Bottom Line
Eric Brandt's planned sale of shares in Lam Research highlights insider activity within the company. Investors often watch such transactions for potential insights into company prospects. Lam Research continues to be a significant player in the semiconductor equipment industry, with a robust market presence and ongoing analyst interest.
See Also
This instant news alert was generated by automated narrative technology and financial data from EarningsIQ and public regulatory filings. It is for informational purposes only and is not financial advice.