Lam Research Corporation (LRCX) : Lam Research Corporation (LRCX) had a healthy money flow of $2.51 million into the stock during the Tuesdays trading session. The value of bullish trades on upticks was $17.82 million, whereas, investors only sold shares worth $15.31 million on downticks. The stock closed the day with an up-down ratio of 1.16.The money flow in the block trades to the tune of $2.15 million shows that the bulls were dominant, the large players used the weakness in the stock to accumulate it for the long-term. $2.15 million worth of transactions were on upticks. Lam Research Corporation (LRCX) stock slid $0.92 intraday and traded at 93.42, a change of -0.98% over previous days close. However, for the week, the company shares are -0.42% compared to previous weeks close.
Also, Brokerage firm Citigroup maintains its rating on Lam Research Corporation (NASDAQ:LRCX). As per the latest information, the brokerage house lowers the price target to $102 per share from a prior target of $105. The shares have been rated Buy. The rating by the firm was issued on August 12, 2016.
Lam Research Corporation has dropped 0.96% in the last five trading days, however, the shares have posted positive gains of 2.41% in the last 4 weeks. Lam Research Corporation is up 12.25% in the last 3-month period. Year-to-Date the stock performance stands at 17.97%.
Lam Research Corporation (NASDAQ:LRCX): The stock opened at $94.55 on Tuesday but the bulls could not build on the opening and the stock topped out at $94.75 for the day. The stock traded down to $92.74 during the day, due to lack of any buying support eventually closed down at $92.98 with a loss of -1.44% for the day. The stock had closed at $94.34 on the previous day. The total traded volume was 2,224,468 shares.
In a related news,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.
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.