Executive Vice President Patrick Lord Sells Shares of Lam Research Corp (LRCX)
Executive Vice President Patrick Lord has sold 3,452 shares of Lam Research Corp (NASDAQ:LRCX) on March 11, 2024, according to a recent SEC filing. The transaction was executed at a price of $927.79 per share, resulting in a total sale amount of $3,203,774.08.Lam Research Corp is a global supplier of innovative wafer fabrication equipment and services to the semiconductor industry. The company's products are used in front-end and back-end semiconductor processing steps, including etching, deposition, and cleaning processes, which are critical to the production of advanced semiconductor devices.Over the past year, Patrick Lord has sold a total of 17,756 shares of Lam Research Corp and has not made any purchases of the stock. The insider transaction history for the company shows a pattern of 15 insider sells and no insider buys over the same timeframe.
The market capitalization of Lam Research Corp stands at $121.43 billion as of the date of the insider's recent sale. The stock's price-earnings ratio is 35.84, which is above both the industry median of 29.46 and the company's historical median price-earnings ratio.According to the GuruFocus Value, with a price of $927.79 and a GF Value of $532.60, Lam Research Corp has a price-to-GF-Value ratio of 1.74, indicating that the stock is significantly overvalued based on its GF Value.
The GF Value is determined by considering historical trading multiples, a GuruFocus adjustment factor based on the company's past returns and growth, and future business performance estimates provided by Morningstar analysts.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
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