Shares of Lam Research Corporation (NASDAQ:LRCX) Sees Large Outflow of Money

Lam Research Corporation (NASDAQ:LRCX) : Money flow in the Lam Research Corporation (NASDAQ:LRCX) stock was negative (3.69 million) on Wednesday, which shows that the investors used the strength in the stock price to reduce their holdings. The total traded value on upticks was $31.8 million, compared to $35.49 million on downticks. The total uptick to downtick ratio was 0.9, indicating the underlying weakness in the stock. Even in block trades, money flow was negative ($2.77 million), indicating selling on the strength. The transaction value during uptick in block trades was $1.38 million. Downtick transaction value in block trades amounted to $4.15 million, indicating persistent selling. The uptick to downtick ratio was 0.33. Lam Research Corporation (NASDAQ:LRCX) traded $0.07 higher at $81.74 gaining 0.09% over the previous days close.


In an insider trading activity,The officer (President and CEO) of Lam Research Corp, Anstice Martin B sold 7,948 shares at $73.9 on October 26, 2015. The Insider selling transaction had a total value worth of $587,357. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing. 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.

The company shares have dropped -0.73% from its 1 Year high price. On Jun 23, 2016, the shares registered one year high at $87.19 and the one year low was seen on Sep 24, 2015. The 50-Day Moving Average price is $80.49 and the 200 Day Moving Average price is recorded at $76.80. Lam Research Corporation (NASDAQ:LRCX): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $82.53 and $81.27 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $83.69. The buying momentum continued till the end and the stock did not give up its gains. It closed at $82.20, notching a gain of 0.65% for the day. The total traded volume was 4,104,594 . The stock had closed at $81.67 on the previous day.

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.

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