In the past week, LRCX stock has gone down by -1.45%, with a monthly decline of -1.19% and a quarterly surge of 29.13%. The volatility ratio for the week is 2.89%, and the volatility levels for the last 30 days are 2.46% for Lam Research Corp. The simple moving average for the past 20 days is -0.60% for LRCX’s stock, with a 29.32% simple moving average for the past 200 days.
Is It Worth Investing in Lam Research Corp. (NASDAQ: LRCX) Right Now?
Lam Research Corp. (NASDAQ: LRCX) has a higher price-to-earnings ratio of 36.79x compared to its average ratio. LRCX has 36-month beta value of 1.50. Analysts have mixed views on the stock, with 12 analysts rating it as a “buy,” 4 as “overweight,” 3 as “hold,” and 0 as “sell.”
The public float for LRCX is 130.41M, and currently, short sellers hold a 1.86% ratio of that float. The average trading volume of LRCX on April 05, 2024 was 1.06M shares.
LRCX) stock’s latest price update
Lam Research Corp. (NASDAQ: LRCX)’s stock price has decreased by -2.73 compared to its previous closing price of 978.37. However, the company has seen a -1.45% decrease in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-02 that Zacks.com users have recently been watching Lam Research (LRCX) quite a bit. Thus, it is worth knowing the facts that could determine the stock’s prospects.
Analysts’ Opinion of LRCX
Many brokerage firms have already submitted their reports for LRCX stocks, with TD Cowen repeating the rating for LRCX by listing it as a “Outperform.” The predicted price for LRCX in the upcoming period, according to TD Cowen is $975 based on the research report published on January 25, 2024 of the current year 2024.
Cantor Fitzgerald, on the other hand, stated in their research note that they expect to see LRCX reach a price target of $830. The rating they have provided for LRCX stocks is “Neutral” according to the report published on January 23rd, 2024.
Deutsche Bank gave a rating of “Hold” to LRCX, setting the target price at $725 in the report published on December 12th of the previous year.
LRCX Trading at 3.66% 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 -5.54% of loss for the given period.
Volatility was left at 2.46%, however, over the last 30 days, the volatility rate increased by 2.89%, as shares sank -3.08% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +14.60% upper at present.
During the last 5 trading sessions, LRCX fell by -1.45%, which changed the moving average for the period of 200-days by +55.33% in comparison to the 20-day moving average, which settled at $955.83. In addition, Lam Research Corp. saw 21.50% 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 TALWALKAR ABHIJIT Y, who sale 882 shares at the price of $972.03 back on Apr 01 ’24. After this action, TALWALKAR ABHIJIT Y now owns 10,541 shares of Lam Research Corp., valued at $857,330 using the latest closing price.
Corrreia Christina, the CVP, Chief Accounting Officer of Lam Research Corp., sale 647 shares at $972.03 during a trade that took place back on Apr 01 ’24, which means that Corrreia Christina is holding 5,541 shares at $628,903 based on the most recent closing price.
Stock Fundamentals for LRCX
Current profitability levels for the company are sitting at:
- 0.27 for the present operating margin
- 0.45 for the gross margin
The net margin for Lam Research Corp. stands at 0.24. The total capital return value is set at 0.27. Equity return is now at value 41.85, with 18.21 for asset returns.
Based on Lam Research Corp. (LRCX), the company’s capital structure generated 0.38 points at debt to capital in total, while cash flow to debt ratio is standing at 1.05. The debt to equity ratio resting at 0.61. The interest coverage ratio of the stock is 17.44.
Currently, EBITDA for the company is 5.6 billion with net debt to EBITDA at -0.14. When we switch over and look at the enterprise to sales, we see a ratio of 8.67. The receivables turnover for the company is 5.29for trailing twelve months and the total asset turnover is 0.76. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.06.
Conclusion
To put it simply, Lam Research Corp. (LRCX) has had a mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
