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Today, the CEO of Lam Research, Martin Anstice, exercised options of Lam Research (NASDAQ: LRCX) for $5.12M.
Following Martin Anstice’s last LRCX Sell transaction on February 13, 2018, the stock climbed by 30.9%. In addition to Martin Anstice, 2 other LRCX executives reported Sell trades in the last month.
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Based on Lam Research’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $2.9 billion and quarterly net profit of $779 million. In comparison, last year the company earned revenue of $2.15 billion and had a net profit of $575 million. LRCX’s market cap is $33.31B and the company has a P/E ratio of 19.71. Currently, Lam Research has an average volume of 1.21M.
Based on 14 analyst ratings, the analyst consensus is Strong Buy with an average price target of $275.21, reflecting a -27.3% downside. Three different firms, including Credit Suisse and RBC Capital, currently also have a Sell rating on the stock.
In the last 30 days, insiders have sold $6.32M worth of LRCX shares and purchased $185.8K worth of LRCX shares. The insider sentiment on Lam Research has been negative according to 81 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
Martin Anstice’s trades have generated a 0.8% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.
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Lam Research Corp. engages in the manufacture and sale of wafer fabrication equipment and services to the semiconductor industry. It offers thin film deposition, plasma etch, photoresist strip, and wafer cleaning. It operates through the following geographical segments: the United States, China, Europe, Japan, Korea, Southeast Asia, and Taiwan.
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