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Ava Harter, chief legal officer of Lam Research, sells $1.41 million in LRCX stock

Published 28/10/2025, 17:00
Ava Harter, chief legal officer of Lam Research, sells $1.41 million in LRCX stock
LRCX
2.40%

Ava Harter, Chief Legal Officer at Lam Research Corp (NASDAQ:LRCX), sold 9,010 shares of common stock on October 27, 2025, for a total of $1.41 million. The shares were sold in two transactions, with prices ranging from $157.46 to $157.48. The sale comes as Lam Research, with a market capitalization of $195.46 billion, trades near its 52-week high following a remarkable 98% gain over the past six months. According to InvestingPro, the company maintains a "GREAT" financial health score.

According to a Form 4 filing with the Securities and Exchange Commission, Harter also exercised options to acquire 6,010 shares of Lam Research common stock at a price of $77.039 per share, for a total value of $463004.

Following these transactions, Harter directly owns 56,786.455 shares of Lam Research, including shares subject to unvested restricted stock units.

In other recent news, Lam Research has seen multiple analyst firms adjust their price targets following its strong quarterly performance. TD Cowen increased its price target to $170, maintaining a Buy rating, driven by strong demand from China for front-end and logic equipment. Similarly, Bernstein raised its price target to $170 from $105, citing growing optimism about wafer fabrication equipment growth and confidence in Lam Research’s market position. Cantor Fitzgerald also maintained an Overweight rating with a $170 price target, noting AI-driven growth despite facing $200 million in headwinds due to new export restrictions. Needham raised its price target to $160 from $150, highlighting strong sales in China and a slight revenue beat for the third quarter of 2025. Lam Research’s fourth-quarter guidance has exceeded Wall Street expectations, further bolstering investor confidence. These developments underscore the company’s robust performance and strategic positioning amidst industry challenges.

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