Lam Research (LRCX) Insider Eric Brandt Sells $20M of Stock

Eric Brandt Executes Planned Share Sale at Lam Research Corporation

Eric Brandt parted with 54,500 shares of Lam Research Corporation (NasdaqGS: LRCX) on June 12, 2026. The transaction took place at an average price of $367.18 per share, bringing the total value of the sale to approximately $20.0 million. This transfer of stock was carried out according to a pre-arranged Rule 10b5-1 trading plan, which allows insiders to set up a schedule for selling shares ahead of time to avoid concerns about timing around material non-public information.

Insider Buying and Selling at Lam Research Corporation

The June 12 transaction followed an earlier sale by Brandt on June 11, 2026, when he disposed of another block of 54,500 shares at an average price of $350.80, valued at roughly $19.1 million. Both moves were executed through planned setups. Insiders frequently use these scheduled sales to manage personal portfolios or diversify holdings without signaling a lack of confidence in the underlying enterprise.

Stock Performance and Valuation Context

Lam Research shares traded at $385.82 on Tuesday. That price sits far above the 50-day moving average of $309.94 and the 200-day moving average of $281.50. The semiconductor equipment maker carries a forward P/E ratio of 23.58 and a trailing P/E of 52.25, while its 52-week trading span reaches from a low of $135.50 up to a high of $438.50.

Recent Earnings Performance

For the period leading up to these transactions, Lam Research reported $23.23 billion in trailing revenue with a revenue growth rate of 0.3%. The company posted earnings of $5.31 per share, alongside a net profit margin of 31.27% and a return on equity of 65.07%. Investors are keeping an eye on the next earnings release, scheduled for October 21, 2026.

Analysts Set New Price Targets

Wall Street firms keep a mostly positive outlook on the chip equipment supplier. On October 5, 2026, Morgan Stanley maintained an Overweight rating and set a $385.0 rating target. Earlier, on October 1, 2026, B. Riley Securities kept a Buy rating while lifting its target to $390.0. UBS maintained a Buy rating with a $425.0 target on September 1, 2026, and Mizuho kept an Outperform rating with a $365.0 target on August 25, 2026. Overall, the stock holds a consensus recommendation of Strong Buy.

What Lam Research Corporation Builds

Headquartered in Fremont, California, Lam Research Corporation builds specialized manufacturing systems used around the world to fabricate integrated circuits. Its product lineup covers deposition, etch, and wafer cleaning systems that help semiconductor manufacturers handle nanoscale dimensions for advanced logic and memory chips.

Looking Ahead for the Chip Equipment Maker

Market participants will continue tracking upcoming institutional 13F filings alongside the next earnings report in October to gauge how large holders and company leadership navigate the semiconductor cycle. Insiders routinely adjust their share counts through planned schedules, leaving overall business execution as the primary driver for long-term holders.