Lam Research Corporation (NASDAQ:LRCX) went up by 4.97% from its latest closing price compared to the recent 1-year high of $673.80. The company’s stock price has collected 3.13% of gains in the last five trading sessions. Press Release reported on 07/07/21 that Lam Research Corporation Announces June 2021 Quarter Financial Conference Call
Is It Worth Investing in Lam Research Corporation (NASDAQ :LRCX) Right Now?
Lam Research Corporation (NASDAQ:LRCX) scored a price-to-earnings ratio above its average ratio, recording 26.91 x from its present earnings ratio. Plus, the 36-month beta value for LRCX is at 1.27. Opinions of the stock are interesting as 18 analysts out of 24 who provided ratings for Lam Research Corporation declared the stock was a “buy,” while 1 rated the stock as “overweight,” 5 rated it as “hold,” and 0 as “sell.”
The average price from analysts is $746.67, which is $91.18 above the current price. LRCX currently public float of 142.31M and currently shorts hold a 1.37% ratio of that float. Today, the average trading volume of LRCX was 1.26M shares.
LRCX’s Market Performance
LRCX stocks went up by 3.13% for the week, with a monthly jump of 3.01% and a quarterly performance of -0.62%, while its annual performance rate touched 78.49%. The volatility ratio for the week stands at 3.98% while the volatility levels for the past 30 days are set at 2.70% for Lam Research Corporation. The simple moving average for the period of the last 20 days is 2.41% for LRCX stocks with a simple moving average of 18.47% for the last 200 days.
Analysts’ Opinion of LRCX
Many brokerage firms have already submitted their reports for LRCX stocks, with Bernstein repeating the rating for LRCX by listing it as a “Outperform.” The predicted price for LRCX in the upcoming period, according to Bernstein is $700 based on the research report published on March 31st of the current year 2021.
Cowen, on the other hand, stated in their research note that they expect to see LRCX reach a price target of $585, previously predicting the price at $575. The rating they have provided for LRCX stocks is “Outperform” according to the report published on January 28th, 2021.
LRCX Trading at 2.14% from the 50-Day Moving Average
After a stumble in the market that brought LRCX to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -5.42% of loss for the given period.
Volatility was left at 2.70%, however, over the last 30 days, the volatility rate increased by 3.98%, as shares surge +2.49% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +8.66% upper at present.
During the last 5 trading sessions, LRCX rose by +3.13%, which changed the moving average for the period of 200-days by +93.86% in comparison to the 20-day moving average, which settled at $623.05. In addition, Lam Research Corporation saw 34.93% in overturn over a single year, with a tendency to cut further gains.
Reports are indicating that there were more than several insider trading activities at LRCX starting from Meikle Scott Gerald, who sale 500 shares at the price of $646.92 back on Jun 15. After this action, Meikle Scott Gerald now owns 17,024 shares of Lam Research Corporation, valued at $323,460 using the latest closing price.
ARCHER TIMOTHY, the President and CEO of Lam Research Corporation, sale 5,000 shares at $650.00 during a trade that took place back on Jun 14, which means that ARCHER TIMOTHY is holding 80,602 shares at $3,250,000 based on the most recent closing price.
Stock Fundamentals for LRCX
Current profitability levels for the company are sitting at:
- +26.62 for the present operating margin
- +45.88 for the gross margin
The net margin for Lam Research Corporation stands at +22.43. The total capital return value is set at 26.23, while invested capital returns managed to touch 23.92. Equity return is now at value 64.50, with 23.00 for asset returns.
Based on Lam Research Corporation (LRCX), the company’s capital structure generated 115.90 points at debt to equity in total, while total debt to capital is 53.68. Total debt to assets is 41.18, with long-term debt to equity ratio resting at 98.71. Finally, the long-term debt to capital ratio is 45.72.
When we switch over and look at the enterprise to sales, we see a ratio of 4.42, with the company’s debt to enterprise value settled at 0.14. The receivables turnover for the company is 5.65 and the total asset turnover is 0.76. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.43.