The EVP & CFO of Lam Research (NASDAQ: LRCX) is Selling Shares

By Carrie Williams

Today, the EVP & CFO of Lam Research (NASDAQ: LRCX), Douglas Bettinger, sold shares of LRCX for $1.06M.

Following Douglas Bettinger’s last LRCX Sell transaction on March 03, 2016, the stock climbed by 33.5%. In addition to Douglas Bettinger, 8 other LRCX executives reported Sell trades in the last month.

Based on Lam Research’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $1.65 billion and quarterly net profit of $264 million. In comparison, last year the company earned revenue of $1.6 billion and had a net profit of $289 million. The company has a one year high of $108.04 and a one year low of $63.10. LRCX’s market cap is $17.39B and the company has a P/E ratio of 21.38.

One of the top 25 analysts, according to TipRanks.com, recently recommended Buy LRCX with a $125 price target. Based on 15 analyst ratings, the analyst consensus is Strong Buy with an average price target of $111.69, reflecting a -3.8% downside.

The insider sentiment on Lam Research has been negative according to 30 insider trades in the past three months. This sentiment is equal to the average sentiment of company insiders in this sector.

Douglas Bettinger’s trades have generated a -48.8% 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.

Lam Research Corp. engages in the manufacture and service of wafer processing semiconductor manufacturing equipment. Its products include front-end wafer processing, back-end wafer-level packaging, and other related products. The company also designs, manufactures, markets, refurbishes, and services semiconductor processing systems that are used in the fabrication of integrated circuits. Lam Research was founded by David Lam on January 21, 1980 and is headquartered in Fremont, CA.