Lam Research Insider Trades, Large Stock Sell-off at $220 per Share

Eric Brandt, an insider at Lam Research Corp (LRCX), sold roughly 35,000 shares of common stock in open-market transactions on February 6, raising about $7.93 million (approximately KRW 10 billion). The shares fetched between $220.95 and $230 each. Even after this sale, Brandt still directly holds around 253,000 shares, including unvested RSUs, preserving a substantial stake. On February 3, internal transfers of performance-based stock awards by the chief accounting officer and a senior vice president were reported without specified prices, indicating routine compensation-related transactions rather than voluntary market trades.

Recently, Lam Research struck a multiyear R&D partnership with France’s CEA-Leti to advance next-generation specialty processes and AI/high-performance computing technologies. The company also announced leadership changes, promoting Sesha Varadarajan to COO and adding Anirudh Devgan to its board. Since late January, on the back of strong results, upward price-target revisions, and analyst buy ratings, Lam’s shares have jumped over 180%, trading near their 52-week high as investors price in robust demand for AI-related semiconductor equipment.

Headquartered in Fremont, California, Lam Research is a Fortune 500 semiconductor-equipment supplier that provides wafer fabrication tools—primarily etch and deposition systems—and related services to foundry and memory manufacturers worldwide. In its recent conference call, the company projected that wafer fab equipment spending could reach $135 billion by 2026, positioning Lam as a direct beneficiary of expanded investment in high-performance semiconductors for the AI era.