The stock of Lam Research Corporation (NASDAQ: LRCX) has decreased by -0.34 when compared to last closing price of 658.66.Despite this, the company has seen a loss of -3.00% in its stock price over the last five trading days. InvestorPlace reported 2023-09-14 that Although geopolitical conflicts between major economic powers are generally something to be avoided, for semiconductor stocks trading amid the backdrop of the U.S.-China chip war, the bad news just might be good news. With more than just competitive bragging rights involved, the technology sector has never been more crucial.
Is It Worth Investing in Lam Research Corporation (NASDAQ: LRCX) Right Now?
Lam Research Corporation (NASDAQ: LRCX) has a higher price-to-earnings ratio of 19.80x compared to its average ratio, and the 36-month beta value for LRCX is at 1.50. Analysts have varying views on the stock, with 15 analysts rating it as a “buy,” 0 rating it as “overweight,” 12 as “hold,” and 0 as “sell.”
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The average price suggested by analysts for LRCX is $702.00, which is $17.52 above the current market price. The public float for LRCX is 132.06M, and currently, shorts hold a 2.11% of that float. The average trading volume for LRCX on September 15, 2023 was 1.15M shares.
LRCX’s Market Performance
LRCX’s stock has seen a -3.00% decrease for the week, with a 0.09% rise in the past month and a 4.19% gain in the past quarter. The volatility ratio for the week is 2.50%, and the volatility levels for the past 30 days are at 2.76% for Lam Research Corporation The simple moving average for the past 20 days is -2.30% for LRCX’s stock, with a 18.98% simple moving average for the past 200 days.
Analysts’ Opinion of LRCX
Many brokerage firms have already submitted their reports for LRCX stocks, with Stifel repeating the rating for LRCX by listing it as a “Buy.” The predicted price for LRCX in the upcoming period, according to Stifel is $725 based on the research report published on July 24, 2023 of the current year 2023.
LRCX Trading at -1.30% 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 -9.65% of loss for the given period.
Volatility was left at 2.76%, however, over the last 30 days, the volatility rate increased by 2.50%, as shares surge +1.57% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +4.43% upper at present.
During the last 5 trading sessions, LRCX fell by -3.00%, which changed the moving average for the period of 200-days by +44.83% in comparison to the 20-day moving average, which settled at $672.39. In addition, Lam Research Corporation saw 56.18% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at LRCX starting from Bettinger Douglas R, who sale 1,894 shares at the price of $705.86 back on Aug 07. After this action, Bettinger Douglas R now owns 96,713 shares of Lam Research Corporation, valued at $1,336,899 using the latest closing price.
Vahedi Vahid, the Senior Vice President of Lam Research Corporation, sale 13,756 shares at $717.46 during a trade that took place back on Aug 01, which means that Vahedi Vahid is holding 26,483 shares at $9,869,437 based on the most recent closing price.
Stock Fundamentals for LRCX
Current profitability levels for the company are sitting at:
- +30.36 for the present operating margin
- +45.05 for the gross margin
The net margin for Lam Research Corporation stands at +25.89. The total capital return value is set at 42.39, while invested capital returns managed to touch 36.59. Equity return is now at value 55.80, with 23.80 for asset returns.
Based on Lam Research Corporation (LRCX), the company’s capital structure generated 61.04 points at debt to equity in total, while total debt to capital is 37.90. Total debt to assets is 27.95, with long-term debt to equity ratio resting at 60.94. Finally, the long-term debt to capital ratio is 37.84.
When we switch over and look at the enterprise to sales, we see a ratio of 5.00, with the company’s debt to enterprise value settled at 0.06. The receivables turnover for the company is 4.88 and the total asset turnover is 0.97. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.16.
Conclusion
In conclusion, Lam Research Corporation (LRCX) has had a better performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
