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Wednesday, August 06, 2008

Lam Research (LRCX) 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)
Click chart courtesy of stockcharts.com to see full size image

LRCX Information:
  • More LRCX Charts
  • $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:

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.com

This purchase is significant because it is the first insider transaction in many years.

Disclaimer: I have been accumulating LRCX in my newsletter (testimonials) and personal portfolios since buying in 1998 at a fraction of the current price. In an attempt to increase my overall return, I plan to continue trading around this core position which has long ago become "house money."

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