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

June 3, 2026 by InsiderTrades.com

Key Points

Lam Research SVP Neil Fernandes sold 7,659 shares on June 1 at an average price of $309.60, generating about $2.37 million. The sale reduced his holdings by 11.58% and was made under a pre-arranged Rule 10b5-1 plan.
LRCX shares rose 5.5% and recently traded near a 52-week high of $335.55, reflecting strong momentum in the stock. The company also posted solid quarterly results, with EPS and revenue both beating estimates and revenue up 23.8% year over year.
Analysts remain broadly bullish on Lam Research, with 27 Buy ratings and an average price target of $303.30. Recent rating upgrades and higher targets from firms like Morgan Stanley and B. Riley underscore optimism about its long-term semiconductor demand outlook.

Lam Research Corporation (NASDAQ:LRCX - Get Free Report) SVP Neil Fernandes sold 7,659 shares of the company's stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $309.60, for a total transaction of $2,371,226.40. Following the completion of the transaction, the senior vice president owned 58,470 shares in the company, valued at approximately $18,102,312. This trade represents a 11.58% decrease in their position. The sale was disclosed in a legal 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 5.5%

Why Lam Research Still Looks Like a Buy After a 300% Rally

Shares of LRCX opened at $334.41 on Wednesday. Lam Research Corporation has a 52 week low of $81.95 and a 52 week high of $335.55. The firm has a market cap of $418.20 billion, a P/E ratio of 63.10, a price-to-earnings-growth ratio of 2.63 and a beta of 1.85. The firm's 50-day simple moving average is $265.55 and its 200 day simple moving average is $222.29. 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 - 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. Lam Research had a net margin of 30.94% and a return on equity of 66.21%. The business had revenue of $5.84 billion for the quarter, compared to analyst estimates of $5.70 billion. During the same quarter in the prior year, the business earned $1.04 EPS. Lam Research's quarterly 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. On average, analysts forecast that Lam Research Corporation will post 5.67 earnings per share for the current year.

Lam Research Announces Dividend

The Nasdaq's Historic Rally Doesn't Mean the Risk Is Gone

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

Institutional Trading of Lam Research

Institutional investors and hedge funds have recently made changes to their positions in the company. Cedar Mountain Advisors LLC lifted its holdings in shares of Lam Research by 242.9% during the 1st quarter. Cedar Mountain Advisors LLC now owns 120 shares of the semiconductor company's stock worth $26,000 after acquiring an additional 85 shares during the period. Vermillion Wealth Management Inc. bought a new stake in shares of Lam Research during the 1st quarter worth approximately $26,000. PMV Capital Advisers LLC bought a new stake in shares of Lam Research during the 4th quarter worth approximately $25,000. Bayban bought a new stake in shares of Lam Research during the 4th quarter worth approximately $26,000. Finally, Mcguire Capital Advisors Inc. bought a new stake in shares of Lam Research during the 4th quarter worth approximately $27,000. Institutional investors own 84.61% of the company's stock.

Key Headlines Impacting Lam Research

The Semiconductor Sector Is Hitting All-Time Highs: 2 Stocks Leading the Charge

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

Positive Sentiment: Lam Research’s appearance at a major technology conference may reinforce investor confidence in its AI and semiconductor spending outlook, especially as customers continue investing in advanced chip manufacturing equipment. Lam Research Corporation (LRCX) Presents at Bank of America 2026 Global Technology Conference Transcript
Positive Sentiment: Recent coverage highlighting Lam Research as a top long-term stock and a potential market outperformer is adding to bullish sentiment around the name. Why Lam Research (LRCX) is a Top Stock for the Long-Term
Positive Sentiment: Analysts remain constructive on Lam Research’s long-term prospects, citing strong performance versus the broader market and favorable expectations for its business. Is Lam Research Stock Outperforming the S&P 500?
Neutral Sentiment: An insider sale by SVP Neil J. Fernandes was disclosed, but it was made under a pre-arranged 10b5-1 trading plan, which usually limits how much investors read into the transaction. Lam Research insider trade filing
Neutral Sentiment: Several articles point to Lam Research’s strong valuation and prior outperformance, but they also suggest investors are waiting for continued execution and earnings growth to justify further gains. Lam Research stock information

Analysts Set New Price Targets

A number of analysts have issued reports on LRCX shares. Morgan Stanley raised shares of Lam Research from an "underweight" rating to an "overweight" rating and boosted their price objective for the company from $293.00 to $331.00 in a report on Monday, May 18th. B. Riley Financial boosted their price objective 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. Citigroup reissued a "buy" rating and issued a $315.00 price objective (up from $300.00) on shares of Lam Research in a report on Thursday, April 23rd. Sanford C. Bernstein boosted their price objective on shares of Lam Research from $325.00 to $340.00 and gave the company an "outperform" rating in a report on Thursday, May 21st. Finally, Susquehanna boosted their price objective on shares of Lam Research from $350.00 to $385.00 and gave the company a "positive" rating in a report on Thursday, April 23rd. Twenty-seven investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $303.30.

Read Our Latest Report on LRCX

Lam Research Company Profile

(Get Free Report)

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.