Lam Research: Insider Buy Alert
Martin B Anstice, Chief Financial Officer (CFO)
at Lam Reasearch (LRCX
charts) just
purchased half a million dollars of his company stock. Nobody should know the
financial condition of a company better than its CFO. When a CFO buys a
significant number of shares, people should pay
attention.
Details:
- $250k = Value of I-Buy trade(s)
- 7.5k = Number of Shares
- $33.45 = Average Price Paid
- 2008-08-05 = Purchase Date
- 2008-08-05 = Filing Date
- 17:46:53 = SEC Arrival Time Stamp
(Filing appears on SEC site 30-60 secs
later)
LRCX Information:
- $34.03 = Recent Stock Price (delayed)
- Market Capitalization at $34.49 per share: $4.30B
- 999k = Average Daily Volume
- 1.38 = Beta
- 7.50% = Short Interest
- 2.8 = Short Ratio (days)
- 10-Jul-08 = Date of Above Short Information
SEC Documents:
This purchase is significant because
it is the first insider transaction in many years.
Click chart courtesy of
www.secform4.com to see full size image
Insider buy and sell Table
Transaction
&
Date |
Insider
Relationship |
Shares
Traded |
Average
Price |
Total
Amount |
2008-08-05
Purchase |
Anstice Martin
B
(CFO) |
7,480 |
$33.45 |
$250,240 |
2007-05-23
Sale |
Watanabe
Seiichi
(Director) |
7,000 |
$51.22 |
$358,561 |
2007-05-04
Sale |
Gottscho Richard
A
(Vice President) |
364 |
$54.93 |
$19,995 |
2007-04-20
Sale |
INMAN GRANT
M
(Director) |
30,000 |
$52.69 |
$1,580,586 |
2007-03-08
Sale |
BERDAHL ROBERT
M
(Director) |
2,300 |
$45.46 |
$104,564 |
2006-11-21
Sale |
ARSCOTT DAVID
G
(Director) |
54,000 |
$55.26 |
$2,984,110 |
2006-11-15
Sale |
HARRIS JACK
RAYMOND
(Director) |
36,000 |
$54.5 |
$1,961,860 |
2006-10-16
Sale |
HARRIS JACK
RAYMOND
(Director) |
36,000 |
$51.68 |
$1,860,530 |
2006-05-19
Sale |
ARSCOTT DAVID
G
(Director) |
9,182 |
$47.28 |
$434,163 |
2006-05-05
Sale |
BERDAHL ROBERT
M
(Director) |
2,000 |
$53.22 |
$106,434 |
2006-05-03
Sale |
Hariri Abdi
(Vice President) |
1,500 |
$51.88 |
$77,820 |
2006-05-04
Sale |
INMAN GRANT
M
(Director) |
36,000 |
$52.93 |
$1,905,599 |
More SEC
data at
http://www.secform4.comDisclaimer: I own LRCX and have made good money
trading its volatility since 1998 when I bought my first shares and recommended
it in my newsletter.
The above story is the opinion of the author only and it does not reflect
iStockAnalyst opinion. Further, the author is not personally advising you
regarding the suitability of the story for your investment needs. In no event
iStockAnalyst will be liable for any loss or damage including without
limitation, indirect or consequential loss or damage, or any loss or damage
whatsoever arising from or arising out of, or in connection with the use of this
information. Please consult your investment advisor before making any investment
decision.
