Neil Fernandes Sells 7,659 Shares of Lam Research (NASDAQ:LRCX) Stock

Lam Research Corporation (NASDAQ:LRCX) SVP Neil Fernandes sold 7,659 shares of the business’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $309.60, for a total value of $2,371,226.40. Following the completion of the sale, the senior vice president owned 58,470 shares in the company, valued at $18,102,312. This represents a 11.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Lam Research Trading Up 2.8%

Shares of Lam Research stock opened at $343.71 on Thursday. The stock’s 50-day simple moving average is $269.87 and its 200 day simple moving average is $224.85. Lam Research Corporation has a 52-week low of $83.49 and a 52-week high of $346.19. The stock has a market capitalization of $429.83 billion, a P/E ratio of 64.85, a P/E/G ratio of 2.77 and a beta of 1.85. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.77 and a current ratio of 2.54.

Lam Research (NASDAQ:LRCX) last announced its quarterly earnings results on Wednesday, April 22nd. The semiconductor company reported $1.47 earnings per share for the quarter, beating the consensus estimate of $1.36 by $0.11. Lam Research had a return on equity of 66.21% and a net margin of 30.94%.The firm had revenue of $5.84 billion for the quarter, compared to analysts’ expectations of $5.70 billion. During the same period in the prior year, the business posted $1.04 earnings per share. The company’s revenue was up 23.8% on a year-over-year basis. Lam Research has set its Q4 2026 guidance at 1.500-1.800 EPS. As a group, research analysts anticipate that Lam Research Corporation will post 5.67 EPS for the current year.

Lam Research Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 8th. Stockholders of record on Wednesday, June 17th will be given a dividend of $0.26 per share. The ex-dividend date is Wednesday, June 17th. This represents a $1.04 annualized dividend and a dividend yield of 0.3%. Lam Research’s dividend payout ratio is currently 19.62%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on LRCX shares. Jefferies Financial Group upped their price target on Lam Research from $285.00 to $315.00 and gave the company a “buy” rating in a research report on Thursday, April 23rd. Susquehanna upped their price target on Lam Research from $350.00 to $385.00 and gave the company a “positive” rating in a research report on Thursday, April 23rd. BNP Paribas Exane upped their price target on Lam Research from $250.00 to $260.00 and gave the company a “neutral” rating in a research report on Thursday, April 23rd. Morgan Stanley raised Lam Research from an “underweight” rating to an “overweight” rating and boosted their price objective for the stock from $293.00 to $331.00 in a report on Monday, May 18th. Finally, TD Cowen boosted their price objective on Lam Research from $290.00 to $340.00 and gave the stock a “buy” rating in a report on Thursday, April 23rd. Twenty-seven equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $303.30.

Institutional Trading of Lam Research

Several hedge funds and other institutional investors have recently bought and sold shares of LRCX. Brighton Jones LLC boosted its stake in Lam Research by 1,032.4% in the fourth quarter. Brighton Jones LLC now owns 14,189 shares of the semiconductor company’s stock worth $1,025,000 after buying an additional 12,936 shares in the last quarter. Caxton Associates LLP purchased a new stake in shares of Lam Research during the first quarter valued at approximately $239,000. Gabelli Funds LLC purchased a new stake in shares of Lam Research during the second quarter valued at approximately $253,000. NewEdge Advisors LLC boosted its stake in shares of Lam Research by 2.7% during the second quarter. NewEdge Advisors LLC now owns 100,528 shares of the semiconductor company’s stock valued at $9,785,000 after purchasing an additional 2,661 shares during the period. Finally, Osterweis Capital Management Inc. boosted its stake in shares of Lam Research by 5,206.7% during the second quarter. Osterweis Capital Management Inc. now owns 796 shares of the semiconductor company’s stock valued at $77,000 after purchasing an additional 781 shares during the period. Hedge funds and other institutional investors own 84.61% of the company’s stock.

More Lam Research News

Here are the key news stories impacting Lam Research this week:

• Positive Sentiment: Lam Research’s strong cash generation is supporting an active buyback strategy, with about $4.3 billion still authorized for repurchases. That can be a meaningful tailwind for shares if the company continues converting AI-related demand into margin and free-cash-flow growth. Will Strong Cash Flows Support Lam Research’s Buyback Strategy Ahead?
• Positive Sentiment: Recent commentary after Nvidia CEO Jensen Huang’s GTC Taipei keynote reinforced optimism that the AI chip cycle may be larger and longer-lasting than previously expected, lifting sentiment toward semiconductor equipment names like Lam Research. Why Lam Research (LRCX) Stock Is Trading Up Today
• Positive Sentiment: Lam Research’s presentation at the Bank of America 2026 Global Technology Conference likely kept attention on its growth outlook, especially as investors look for confirmation that AI and advanced-node spending remains healthy. Lam Research Corporation (LRCX) Presents at Bank of America 2026 Global Technology Conference Transcript
• Positive Sentiment: Brokerage and research coverage continued to highlight Lam Research as a strong long-term semiconductor stock, adding to the bullish narrative around the name. Why Lam Research (LRCX) is a Top Stock for the Long-Term
• Neutral Sentiment: An insider sale by SVP Neil J. Fernandes was disclosed, but it was made under a pre-arranged 10b5-1 plan, which usually limits its importance as a trading signal. Lam Research insider trade filing
• Neutral Sentiment: Broader market weakness from escalating U.S.-Iran tensions could weigh on sentiment across equities, but the main driver for LRCX today appears to be semiconductor-specific AI optimism rather than macro risk alone. Stocks Fall on Escalation of US-Iran Hostilities

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.