Lam Research Senior Vice President Sells Approximately $7 Million in Shares in One Month

Lam Research Corporation (NASDAQ: LRCX) Senior Vice President Neil J. Fernandes sold company shares under a Rule 10b5-1 trading plan on May 1 and June 1. He disposed of stock at an average price of about $255 in May and roughly $310 in June, generating approximately $7 million in proceeds—equivalent to around KRW 90 billion. After these transactions, Fernandes directly owns about 58,000 common shares and holds additional shares indirectly through his 401(k) plan.

Lam Research’s share price has continued its strong rally—driven by rising demand for AI semiconductor equipment—reaching an intraday record high of $333.44 on June 2 (source: investing.com). The board recently approved a quarterly dividend of $0.26 per common share, payable on July 8, and senior executives plan to outline future growth strategies at major investor conferences in late May and early June (source: investor.lamresearch.com).

Headquartered in Fremont, California, Lam Research is a Fortune 500 semiconductor equipment company specializing in wafer etch and deposition systems, supplying front-end production equipment and services to global foundries and memory-chip manufacturers (source: investor.lamresearch.com). Listed on Nasdaq under the ticker LRCX, the company notes that its technology is used in most advanced chip-making processes and is ramping up U.S. and overseas manufacturing and R&D investments to meet expanding AI demand (source: investor.lamresearch.com).