Lam Research (NASDAQ:LRCX) Director Eric Brandt Sells 54,500 Shares

Lam Research Corporation (NASDAQ:LRCX) Director Eric Brandt sold 54,500 shares of the firm’s stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $350.80, for a total transaction of $19,118,600.00. Following the completion of the transaction, the director directly owned 199,205 shares of the company’s stock, valued at approximately $69,881,114. This trade represents a 21.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Lam Research Stock Up 6.0%

LRCX opened at $388.92 on Tuesday. The company has a 50 day moving average of $289.51 and a 200 day moving average of $235.83. The company has a market cap of $486.37 billion, a PE ratio of 73.38, a price-to-earnings-growth ratio of 3.02 and a beta of 1.85. Lam Research Corporation has a 12 month low of $87.75 and a 12 month high of $393.07. The company has a current ratio of 2.54, a quick ratio of 1.77 and a debt-to-equity ratio of 0.35.

Lam Research (NASDAQ:LRCX) last released its quarterly earnings data on Wednesday, April 22nd. The semiconductor company reported $1.47 EPS for the quarter, topping the consensus estimate of $1.36 by $0.11. The company had revenue of $5.84 billion during the quarter, compared to the consensus estimate of $5.70 billion. Lam Research had a net margin of 30.94% and a return on equity of 66.21%. Lam Research’s revenue for the quarter was up 23.8% on a year-over-year basis. During the same period last year, the firm earned $1.04 EPS. Lam Research has set its Q4 2026 guidance at 1.500-1.800 EPS. On average, sell-side analysts expect that Lam Research Corporation will post 5.7 EPS for the current year.

Lam Research Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 8th. Investors of record on Wednesday, June 17th will be issued a $0.26 dividend. The ex-dividend date of this dividend is Wednesday, June 17th. This represents a $1.04 annualized dividend and a yield of 0.3%. Lam Research’s dividend payout ratio (DPR) is 19.62%.

Institutional Trading of Lam Research

A number of hedge funds have recently made changes to their positions in the stock. Militia Capital Management LLC bought a new stake in shares of Lam Research during the 1st quarter worth $218,000. Rathbones Group PLC lifted its holdings in shares of Lam Research by 1,013.2% during the 1st quarter. Rathbones Group PLC now owns 73,112 shares of the semiconductor company’s stock worth $15,621,000 after acquiring an additional 66,544 shares during the last quarter. Wealthquest Corp lifted its holdings in shares of Lam Research by 5.3% during the 1st quarter. Wealthquest Corp now owns 4,041 shares of the semiconductor company’s stock worth $863,000 after acquiring an additional 205 shares during the last quarter. Parallel Advisors LLC lifted its holdings in shares of Lam Research by 7.6% during the 1st quarter. Parallel Advisors LLC now owns 20,591 shares of the semiconductor company’s stock worth $4,400,000 after acquiring an additional 1,461 shares during the last quarter. Finally, Foguth Wealth Management LLC. bought a new stake in shares of Lam Research during the 1st quarter worth $202,000. 84.61% of the stock is owned by institutional investors.

Trending Headlines about Lam Research

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

• Positive Sentiment: Several articles point to Lam Research as a strong growth stock and a long-term winner, citing its earnings outlook and market-beating potential. Is Lam Research (LRCX) a Solid Growth Stock? 3 Reasons to Think “Yes”
• Positive Sentiment: The broader semiconductor rally is also helping LRCX, with chip ETFs and several semiconductor names breaking into new highs as investors rotate back into the sector. Chips Up 8.8% in One Week: 5 Semiconductor Names Breaking Into New Highs
• Positive Sentiment: Another market commentary notes that Lam has surged off its June lows as lower rates and a more favorable Fed backdrop improve risk appetite for semicap stocks. Buy, Hold, or Sell: Lam Research Rocketed 21% Off Its June Lows as a New Fed Begins. Is LRCX Worthwhile at $366?
• Neutral Sentiment: One article on semiconductor ETFs suggests the sector remains a trader favorite, reinforcing broad momentum but not adding company-specific news for Lam Research. Semiconductor ETFs Now Dominate the Most‑Traded List — A Signal You Can’t Ignore
• Neutral Sentiment: Lam’s director Eric Brandt sold shares under a pre-arranged trading plan, which is worth noting but does not necessarily signal a change in outlook. SEC filing for director share sale

Analysts Set New Price Targets

Several brokerages have commented on LRCX. Bank of America raised their price target on shares of Lam Research from $285.00 to $330.00 and gave the company a “buy” rating in a report on Thursday, April 23rd. B. Riley Financial raised their price target on shares of Lam Research from $350.00 to $375.00 and gave the company a “buy” rating in a report on Tuesday, May 12th. Cantor Fitzgerald set a $425.00 price target on shares of Lam Research and gave the company an “overweight” rating in a report on Wednesday, June 10th. The Goldman Sachs Group reissued a “buy” rating and issued a $290.00 price target on shares of Lam Research in a report on Thursday, April 23rd. Finally, Royal Bank Of Canada raised their price target on shares of Lam Research from $290.00 to $310.00 and gave the company an “outperform” rating in a report on Thursday, April 23rd. Twenty-eight research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $324.26.

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.