Lam Research (NASDAQ:LRCX) SVP Neil Fernandes Sells 18,170 Shares

Key Points

• Neil Fernandes, Lam Research SVP, sold 18,170 shares on May 1 at an average price of $255.14 (≈$4.64M) under a pre-arranged Rule 10b5‑1 plan, trimming his position by 21.55% to 66,129 shares.
• Lam Research beat expectations with quarterly EPS of $1.47 (vs. $1.36 est.) and revenue of $5.84B (up 23.8% YoY), and issued Q4 2026 EPS guidance of 1.50–1.80.
• The stock trades around $257.68 with a market cap of about $322B, carries an average analyst rating of “Moderate Buy”, and a consensus price target of $285.94.

Lam Research Corporation (NASDAQ:LRCX - Get Free Report) SVP Neil Fernandes sold 18,170 shares of the business's stock in a transaction on Friday, May 1st. The shares were sold at an average price of $255.14, for a total transaction of $4,635,893.80. Following the sale, the senior vice president owned 66,129 shares of the company's stock, valued at $16,872,153.06. This trade represents a 21.55% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Lam Research Stock Up 0.4%

LRCX stock traded up $0.96 during midday trading on Monday, reaching $257.68. 3,912,238 shares of the company's stock traded hands, compared to its average volume of 11,128,180. The company has a market cap of $322.24 billion, a price-to-earnings ratio of 48.65, a P/E/G ratio of 2.12 and a beta of 1.81. The firm's fifty day moving average price is $236.37 and its 200-day moving average price is $201.94. The company has a quick ratio of 1.77, a current ratio of 2.54 and a debt-to-equity ratio of 0.35. Lam Research Corporation has a 52 week low of $72.59 and a 52 week high of $275.84.

Lam Research (NASDAQ:LRCX - Get Free Report) last announced its quarterly earnings results on Wednesday, April 22nd. The semiconductor company reported $1.47 EPS for the quarter, beating analysts' consensus estimates of $1.36 by $0.11. The business had revenue of $5.84 billion during the quarter, compared to analyst estimates of $5.70 billion. Lam Research had a net margin of 30.94% and a return on equity of 66.21%. Lam Research's quarterly revenue was up 23.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.04 EPS. Lam Research has set its Q4 2026 guidance at 1.500-1.800 EPS. As a group, sell-side analysts forecast that Lam Research Corporation will post 5.68 earnings per share for the current fiscal year.

Lam Research Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 8th. Shareholders of record on Wednesday, March 4th were paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date was Wednesday, March 4th. Lam Research's payout ratio is 19.62%.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Wall Street Zen upgraded shares of Lam Research from a "hold" rating to a "buy" rating in a research note on Saturday. Zacks Research lowered shares of Lam Research from a "strong-buy" rating to a "hold" rating in a research note on Monday, April 6th. Berenberg Bank upped their target price on shares of Lam Research from $265.00 to $335.00 and gave the stock a "buy" rating in a research note on Thursday, April 23rd. Citic Securities upped their target price on shares of Lam Research from $165.00 to $275.00 and gave the stock a "buy" rating in a research note on Friday, January 30th. Finally, The Goldman Sachs Group reiterated a "buy" rating and issued a $290.00 target price on shares of Lam Research in a research note on Thursday, April 23rd. Twenty-six analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $285.94.

Institutional Trading of Lam Research

Institutional investors have recently made changes to their positions in the company. Brighton Jones LLC boosted its holdings in shares of Lam Research by 1,032.4% in the 4th 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 during the last quarter. Caxton Associates LLP purchased a new position in shares of Lam Research in the 1st quarter worth about $239,000. Gabelli Funds LLC purchased a new position in shares of Lam Research in the 2nd quarter worth about $253,000. NewEdge Advisors LLC boosted its holdings in shares of Lam Research by 2.7% in the 2nd quarter. NewEdge Advisors LLC now owns 100,528 shares of the semiconductor company's stock worth $9,785,000 after buying an additional 2,661 shares during the last quarter. Finally, Osterweis Capital Management Inc. boosted its holdings in shares of Lam Research by 5,206.7% in the 2nd quarter. Osterweis Capital Management Inc. now owns 796 shares of the semiconductor company's stock worth $77,000 after buying an additional 781 shares during the last quarter. Institutional investors own 84.61% of the company's stock.

About Lam Research

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.

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