The Lam Research Corporation (NASDAQ:LRCX) is going down by -1.84% in today’s trading session, a fall equivalent to -4.9% of the stock’s price from yesterday’s market close. A news came out on 11/30/19 stating that These 2019 stock market winners are your ticket to ride Wall Street’s ‘Big Mo’ in December by MARKETWATCH. LRCX finished the previous session at $266.83 according to the data provided by Barchart, while the trading volume was observed to be $597856.
In the 100 days of trading, LRCX managed to top a 233.02% Moving average. Additionally, Lam Research Corporation shares have achieved a 52-week range between 122.64 and 285.87 alongside 100 days raw stochastic set at 76.11%.
The number of shares outstanding, according to the fundamentals of the company, is set at 147.31M, equal to the value of $39.31B in market capitalization. In the last 30 days, Lam Research Corporation shares went down by -7.95%, adding 285.87 to growth in value, on top of a +1.16% boost since 11/01/19.
Lam Research Corporation (NASDAQ:LRCX) Analyst’s Estimates
Lam Research Corporation (LRCX) could record at least $3.86 per share in quarterly earnings in the upcoming report on 01/22/2020, a number that would actually represent an increase of 18.44 YOY.
According to the average analyst rating, Lam Research Corporation would be rated as Overweight. Out of 24 different analysts monitoring LRCX stock, 13 analysts rate the stock as a BUY, 9 suggest to give the rating of HOLD, 0 indicate that LRCX is an OVERWEIGHT, 1 rated the stock as a SELL, and 1 analyst believes that the stock should be rated as UNDERWEIGHT.
On November 21, 2019, the stock earned a Downgrade rating due to a new analyst call from UBS, while analysts from UBS believe that the stock is set at Neutral, as concluded on October 24, 2019. Susquehanna, is still rather wary about the stock, deciding to keep the rating at Neutral as confirmed through a call on October 24, 2019.
Regardless of the rating, Stifel did increase their price from $248 to $284 as they are considering target share price analysis. RBC Capital Mkts, on the other hand, provided a rather enthusiastic opinion on the rating, concluded in an analyst call on October 24, 2019, giving the stock a Outperform rating.
LRCX Key Ratios To Watch:
Taking in account the profitability of the Company, gross profit margin of +45.15% has been attained, while the operating margin has been recorded at +25.53%. The firm is also showcasing profitability through returns on assets in the company’s ownership, with ROA set at 17.90%. Beta value of the stock is recorded at 1.65. Additionally, Lam Research Corporation is recording price volatility of 1.88% for the period of the last seven days and 2.23% in the last 30 days.
Lam Research Corporation (NASDAQ:LRCX) Technical Outlook
For the period of the last 50 days, Lam Research Corporation had its Raw Stochastic average set at 62.66% for the latest technical analysis. In comparison to the period of the last 20 days, the present Raw Stochastic average for the last 50 days poses as improvement, set at 11.73%. Stochastic %K for Lam Research Corporation, with the last 20 days included, was set at 26.60%, having Stochastic %D topping 34.51%. Based on the previous performance of the company for the mentioned period, there are more than several recorded moving trends. When it comes to the period of the last 12 months, accounting the time for year-to-date, price performance appears to be encouraging for Lam Research Corporation stocks with recording 95.95% in metrics.
Lam Research Corporation Insider Watch:
Similarly, 92.33% of the company’s float is held by institutions – and there are 1,169 institutions in total holding shares of this company. The top three institutional holders of LRCX stocks are: Vanguard Group, Inc. (The) with ownership of $2.66 billion, which is approximately 11491700 of the company’s shares; Blackrock Inc., holding 11484588 shares of the stock with an approximate value of $2.65 billion; and Ameriprise Financial, Inc., currently with more than 8585055 shares of the company valued at $1.98 billion. Positions in Lam Research Corporation stocks held by institutional investors has been changing actively in the past six months, a period during which there were 18 insider purchases amounting to 40837 shares. Similarly, there were 12 sale transactions amounting to 115311 shares, with the net shares purchased during the last six months reaching -74,474.