Lam Research (LRCX)’s Insider Timothy Archer Sold 6,465 Shares; Flotek Industries Has 0.7 Sentiment

March 12, 2018 - By Annabelle Johnson

Lam Research Corp’s President and COO Timothy Archer sold 6,465 shares of the company in an open market transaction dated March 12, 2018. The shares were unloaded at an average price per share of $214.3, for an aggregate sell of $1,385,320. More information about the trade dated March 12, 2018, could be found at your disposal in a legal document on the SEC website here. Today, Timothy Archer holds a total of 85,927 shares or 0.05% of the Company’s market capitalization.

Flotek Industries, Inc. develops and supplies chemistry and services to the gas and oil industries in the United States and internationally. The company has market cap of $365.94 million. It operates through two divisions, Energy Chemistry Technologies and Consumer and Industrial Chemistry Technologies. It currently has negative earnings. The Energy Chemistry Technologies segment is involved in the design, development, manufacture, packaging, and marketing of chemistries under the Complex nano-Fluid brand name for use in gas and oil well drilling, cementing, completion, stimulation, and production activities, as well as for use in enhanced and improved oil recovery markets.

Northpointe Capital Llc holds 0.77% of its portfolio in Flotek Industries, Inc. for 1.56 million shares. Gates Capital Management Inc. owns 5.70 million shares or 0.75% of their US portfolio. Moreover, Bruce & Co. Inc. has 0.69% invested in the company for 664,335 shares. The Massachusetts-based Nbw Capital Llc has invested 0.33% in the stock. Peconic Partners Llc, a New York-based fund reported 442,837 shares.

The stock increased 0.47% or $0.03 during the last trading session, reaching $6.47. About 833,395 shares traded. Flotek Industries, Inc. (FTK) has declined 6.33% since March 12, 2017 and is downtrending. It has underperformed by 23.03% the S&P500.

Since September 11, 2017, it had 0 insider purchases, and 9 sales for $11.15 million activity. ARCHER TIMOTHY had sold 11,590 shares worth $2.11 million. On Wednesday, September 27 the insider NEWBERRY STEPHEN G sold $135,000. Shares for $5.47 million were sold by Varadarajan Seshasayee on Tuesday, January 23.

Lam Research Corporation designs, manufactures, markets, refurbishes, and services semiconductor processing equipment used in the fabrication of integrated circuits worldwide. The company has market cap of $37.26 billion. The firm offers thin film deposition products, including SABRE electrochemical deposition products for copper damascene manufacturing; ALTUS systems to deposit conformal atomic layer films for tungsten metallization applications; VECTOR plasma-enhanced chemical vapor deposition and atomic layer deposition systems to deposit oxides, nitrides, and carbides for hardmasks, multiple patterning films, anti-reflective layers, multi-layer stack films, and diffusion barriers; and Striker atomic layer deposition systems that deliver conformal dielectric films for spacer patterning and liner applications in various advanced memory and logic structures. It has a 25.11 P/E ratio. The Company’s thin film deposition products also comprise SPEED high-density plasma CVD products for applications in shallow trench isolation, pre-metal dielectrics, inter-layer dielectrics, inter-metal dielectrics, and passivation layers; and SOLA ultraviolet thermal processing products for treatment of back-end-of-line (BEOL) low-k dielectric films and front-end-of-line silicon nitride strained films.

The stock increased 1.64% or $3.7 during the last trading session, reaching $228.65. About 4.93 million shares traded or 36.22% up from the average. Lam Research Corporation (NASDAQ:LRCX) has risen 107.86% since March 12, 2017 and is uptrending. It has outperformed by 91.16% the S&P500.

Investors sentiment increased to 1.08 in Q3 2017. Its up 0.06, from 1.02 in 2017Q2. It improved, as 51 investors sold Lam Research Corporation shares while 238 reduced holdings. 87 funds opened positions while 207 raised stakes. 146.35 million shares or 1.92% less from 149.22 million shares in 2017Q2 were reported. Nomura Asset Management Ltd owns 217,314 shares or 0.52% of their US portfolio. 61,832 were accumulated by American Grp. Utah-based Utah Retirement System has invested 0.12% in Lam Research Corporation (NASDAQ:LRCX). Renaissance Techs Ltd Liability Com owns 680,456 shares or 0.15% of their US portfolio. Optimum Investment holds 0.28% of its portfolio in Lam Research Corporation (NASDAQ:LRCX) for 4,445 shares. 412,171 are owned by California Employees Retirement. Regions Fincl holds 0.04% or 16,718 shares in its portfolio. Advantus Capital Mngmt reported 16,520 shares. Tru Of Vermont invested 0% in Lam Research Corporation (NASDAQ:LRCX). Prelude Cap Mngmt Ltd Liability has invested 0.56% in Lam Research Corporation (NASDAQ:LRCX). Evercore Wealth Mgmt Lc reported 0% stake. Lpl Fin Limited Company, California-based fund reported 22,928 shares. Raymond James & Assoc invested 0.05% in Lam Research Corporation (NASDAQ:LRCX). Family Firm Incorporated reported 1,226 shares. Schroder Investment Management Gp reported 703,625 shares or 0.22% of all its holdings.

Among 25 analysts covering Lam Research Corporation (NASDAQ:LRCX), 24 have Buy rating, 0 Sell and 1 Hold. Therefore 96% are positive. Lam Research Corporation has $290.0 highest and $52 lowest target. $231.29’s average target is 1.15% above currents $228.65 stock price. Lam Research Corporation had 81 analyst reports since September 17, 2015 according to SRatingsIntel. On Monday, September 21 the stock rating was maintained by Susquehanna with “Neutral”. The company was maintained on Friday, August 12 by Citigroup. The firm earned “Overweight” rating on Thursday, January 25 by Morgan Stanley. Cowen & Co maintained the stock with “Buy” rating in Thursday, July 27 report. The stock of Lam Research Corporation (NASDAQ:LRCX) has “Buy” rating given on Thursday, July 27 by RBC Capital Markets. B. Riley & Co maintained the stock with “Buy” rating in Thursday, August 10 report. The rating was upgraded by Instinet on Thursday, December 7 to “Buy”. Goldman Sachs upgraded the shares of LRCX in report on Monday, December 19 to “Buy” rating. On Thursday, October 6 the stock rating was maintained by DA Davidson with “Buy”. The stock of Lam Research Corporation (NASDAQ:LRCX) has “Buy” rating given on Friday, July 7 by Morgan Stanley.

Analysts await Lam Research Corporation (NASDAQ:LRCX) to report earnings on April, 17. They expect $4.36 earnings per share, up 55.71% or $1.56 from last year’s $2.8 per share. LRCX’s profit will be $710.47M for 13.11 P/E if the $4.36 EPS becomes a reality. After $4.34 actual earnings per share reported by Lam Research Corporation for the previous quarter, Wall Street now forecasts 0.46% EPS growth.

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