Eric Brandt Sells 54,500 Shares of Lam Research
Eric Brandt offloaded 54,500 shares of Lam Research for $19.12 million on June 11, 2026.
Key Points
- Eric Brandt sold 54,500 shares of Lam Research at $350.80 each on June 11, 2026, for a total of $19.12 million.
- Lam Research has a market cap of $458.71 billion and a P/E ratio of 69.47, with shares trading near $385.82.
- Analysts have set various price targets for Lam Research, with Cantor Fitzgerald maintaining a 'buy' rating at $425.
Eric Brandt, a key insider at Lam Research Corporation, sold 54,500 shares of the company on June 11, 2026. The shares were sold at an average price of $350.80 each, totaling approximately $19.12 million. This transaction was part of a pre-planned trading arrangement.
Insider Buying and Selling at Lam Research Corporation
In addition to Eric Brandt's recent sale, other insiders have also been active. Neil Fernandes, Senior Vice President, sold 7,659 shares on June 1, 2026, at $309.60, and 18,170 shares on May 1, 2026, at $255.14, both under pre-planned trading plans. Ava Harter, Chief Legal Officer, made multiple transactions on April 27, 2026, including buying 6,010 shares at $77.04 and selling the same amount at $258.66.
Other Institutional Activity in Lam Research
In recent institutional activity, BlackRock, Inc. reduced its holdings by 1,407,391 shares, bringing its total to 132,852,320 shares valued at approximately $28.39 billion. Vanguard Capital Management LLC significantly increased its stake to 81,155,744 shares, valued at $17.34 billion. Meanwhile, Geode Capital Management, LLC added 1,428,558 shares, reaching a total of 35,175,926 shares worth about $7.50 billion.
Lam Research Stock Snapshot
Shares of NasdaqGS:LRCX traded near $385.82. Lam Research boasts a market cap of approximately $458.71 billion, with a P/E ratio of 69.47 and a forward P/E of 46.04. The stock's 52-week range is between $87.75 and $373.82. It has a 50-day moving average of $285.93 and a 200-day moving average of $204.48. The company maintains a current ratio of 2.54 and a quick ratio of 1.70, with a debt-to-equity ratio of 35.28.
Recent Earnings
Lam Research reported revenue of $21.68 billion, with a revenue growth rate of 23.8%. The company's net margin stands at 30.94%, and it achieved a return on equity of 66.76%. The next earnings report is scheduled for July 29, 2026.
Analysts Set New Price Targets
On June 11, 2026, Barclays maintained a 'hold' rating with a $335 price target for Lam Research. Cantor Fitzgerald, on June 10, 2026, maintained a 'buy' rating with a $425 target. UBS also maintained a 'buy' rating on June 9, 2026, setting a target of $375. The consensus among 32 analysts is a 'buy' recommendation, with an average target price of $323.38.
About Lam Research
Lam Research Corporation, based in Fremont, California, is a key player in the semiconductor equipment and materials industry. The company designs, manufactures, and services equipment used in the fabrication of integrated circuits, serving markets in the United States, Asia, and Europe. Led by CEO Timothy M. Archer, Lam Research employs around 20,600 people.
Bottom Line
Eric Brandt's recent sale of Lam Research shares is part of ongoing insider activity, reflecting individual trading plans. Investors watch these transactions for insights into insider sentiment. Lam Research's strong market position and analyst ratings suggest continued interest in its stock, but it's important to remember that 13F filings and insider sales are backward-looking and may not reflect current positions or intentions.
See Also
This instant news alert was generated by automated narrative technology and financial data from Trueearnings and public regulatory filings. It is for informational purposes only and is not financial advice.