Director Abhijit Talwalkar has sold 882 shares of Lam Research Corp (LRCX, Financial) on April 1, 2024, according to a recent SEC Filing. Over the past year, the insider has sold a total of 1,764 shares of the company and has not made any purchases of the stock.
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.
The insider transaction history for Lam Research Corp shows a pattern of insider selling, with 18 insider sells and no insider buys over the past year.
Shares of Lam Research Corp were trading at $972.03 on the day of the insider's recent sale, giving the company a market cap of $126.746 billion. The price-earnings ratio of the company stands at 37.38, which is higher than the industry median of 33.01 and also above the company's historical median price-earnings ratio.
The stock's price-to-GF-Value ratio is 1.82, indicating that Lam Research Corp is significantly overvalued based on its GF Value of $535.52. The GF Value is an intrinsic value estimate that takes into account historical trading multiples, a GuruFocus adjustment factor based on the company's past returns and growth, and future business performance estimates from 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.
