Lam Research CORP (NASDAQ:LRCX) reported a notable insider transaction this week when director Eric Brandt sold a total of 35,000 shares of common stock on February 6, 2026, as shown in a Form 4 filing with the Securities and Exchange Commission.
The sales were executed in two tranches. In the first, Brandt disposed of 17,000 shares at $220.95 per share. The second involved 18,000 shares sold at $230 per share. Collectively, those trades amounted to $7.8 million. The filing indicates the sales were carried out under the signature of Marta Woods by Power of Attorney.
Following the transactions, Brandt directly holds 253,705 shares of Lam Research, a total that includes unvested restricted stock units. The filing provides no additional context for the disposals beyond the listed details.
Lam Research is a large-cap company in the Semiconductors & Semiconductor Equipment industry, with a reported market capitalization of $286.32 billion. The stock is trading near its 52-week high of $251.87. Over the past year, the shares have delivered a 176% total return, though InvestingPro analysis included in the filing materials notes the shares are trading above their Fair Value.
Company fundamentals and analyst reaction
InvestingPro data included alongside the filing assigns Lam Research a "GREAT" financial health score and shows that 19 analysts have recently revised earnings estimates upward. The company's fiscal second-quarter 2026 results surpassed consensus expectations, and that outperformance prompted both Argus and Stifel to lift their price targets to $280 while retaining Buy ratings.
Stifel highlighted strong growth in wafer fab equipment - WFE - and noted that Lam Research's December quarter results and March quarter guidance exceeded the firm's prior estimates. These analyst actions and commentary accompanied the firm's reported quarterly performance.
Leadership, board and collaboration updates
Alongside the financial updates, Lam Research announced internal leadership changes. Sesha Varadarajan was promoted to Chief Operating Officer, and Karthik Rammohan's responsibilities were expanded to Senior Vice President of Global Operations and Enterprise Solutions. In a separate governance move, Dr. Anirudh Devgan, CEO of Cadence Design Systems, was named to Lam Research's board of directors.
The company also disclosed a multi-year partnership with CEA-Leti aimed at advancing next-generation specialty technology devices. That collaboration focuses on developing energy-efficient semiconductor solutions by exploring new materials and fabrication processes for compound semiconductors used in a range of applications, including MEMS and 3D imaging.
Context and limitations
The Form 4 filing confirms the mechanics of Eric Brandt's share sales and the level of his remaining ownership, but it does not provide motivations for the transactions. The analyst and company updates included with the filing and in associated announcements provide a broader picture of recent operational and strategic developments at Lam Research.
For investors seeking comprehensive metrics, the filing materials reference InvestingPro's Pro Research Report on LRCX for expanded data and analysis.