Lam Research Corporation (NASDAQ:LRCX) had a weak trading session and its shares were last down at $82.19, down -0.18% or -0.22 points. The trading data also revealed that the total net flow stood at $4.68 million as the shares had $18.43 million in upticks but lost $13.76 million in downticks. The up/down ratio was 1.34. This data is particularly important for the traders and speculators alike as it could also be used to gauge the strength of the momentum in the shares. During the past week, the shares have seen a change of -1.1% in the shares.The block trade data suggests an inflow of $4.22 million in upticks and an outflow of $0 million in downticks. The up/down ratio for the block stood at 0. The net money flow for this transaction was recorded at $4.22.
Currently the company Insiders own 0.43% of Lam Research Corporation shares according to the proxy statements. Institutional Investors own 98.98% of Lam Research Corporation shares. On the companys insider trading activities, Anstice Martin B, officer (President and CEO) of Lam Research Corp, unloaded 7,948 shares at an average price of $73.9 on October 26, 2015. The total amount of the transaction was worth $587,357, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
Lam Research Corporation (NASDAQ:LRCX) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.39 points or 0.47% at $81.98 with 1,418,960 shares getting traded. Post opening the session at $81.5456, the shares hit an intraday low of $81.2 and an intraday high of $82.85 and the price was in this range throughout the day. The company has a market cap of $13,084 million and the number of outstanding shares have been calculated to be 159,597,650 shares. The 52-week high of Lam Research Corporation (NASDAQ:LRCX) is $84.39 and the 52-week low is $61.2.
Many analysts have stated their opinion on the company shares. RBC Capital initiates coverage on Lam Research Corporation (NASDAQ:LRCX). RBC Capital has a Outperform rating on the shares. As per the latest report, the brokerage house announces the price target to $92 per share. The rating by the firm was issued on March 16, 2016.
Lam Research Corporation (Lam Research) is a supplier of wafer fabrication equipment and services to the semiconductor industry. The Companys products are used primarily in front-end wafer processing, which involves the steps that create the active components of a device and their wiring. It also addresses processes for back-end wafer-level packaging (WLP). In addition, its products are offered for related markets that rely on semiconductor processes and require production-proven manufacturing capability, such as micro-electromechanical systems (MEMS). Its thin film deposition systems form a devices sub-microscopic layers of conducting (metal) or insulating (dielectric) materials. It is a provider of plasma etch, a process step that selectively removes materials from the wafer to create the features and patterns of a device. Its wet spin clean and plasma-based bevel clean products remove particles, residues and film from the wafer surface before or after adjacent processes.