The price-to-earnings ratio for Lam Research Corp. (NASDAQ: LRCX) is 38.02x, which is above its average ratio. Moreover, the 36-month beta value for LRCX is 1.50. Analysts have varying opinions 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 1.97% of that float. On April 12, 2024, LRCX’s average trading volume was 1.05M shares.
LRCX) stock’s latest price update
Lam Research Corp. (NASDAQ: LRCX)’s stock price has soared by 2.27 in relation to previous closing price of 961.64. Nevertheless, the company has seen a gain of 3.35% in its stock price over the last five trading days. The Motley Fool reported 2024-04-09 that ASML is the world’s only supplier of top-tier lithography systems. Lam Research is a top producer of wafer fabrication equipment.
LRCX’s Market Performance
LRCX’s stock has risen by 3.35% in the past week, with a monthly rise of 3.43% and a quarterly rise of 31.18%. The volatility ratio for the week is 2.13% while the volatility levels for the last 30 days are 2.35% for Lam Research Corp.. The simple moving average for the past 20 days is 2.69% for LRCX’s stock, with a 32.07% simple moving average for the past 200 days.
Analysts’ Opinion of LRCX
TD Cowen, on the other hand, stated in their research note that they expect to see LRCX reach a price target of $975, previously predicting the price at $710. The rating they have provided for LRCX stocks is “Outperform” according to the report published on January 25th, 2024.
Cantor Fitzgerald gave a rating of “Neutral” to LRCX, setting the target price at $830 in the report published on January 23rd of the current year.
LRCX Trading at 5.76% 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 -2.37% of loss for the given period.
Volatility was left at 2.35%, however, over the last 30 days, the volatility rate increased by 2.13%, as shares surge +6.13% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +17.67% upper at present.
During the last 5 trading sessions, LRCX rose by +3.35%, which changed the moving average for the period of 200-days by +58.54% in comparison to the 20-day moving average, which settled at $960.55. In addition, Lam Research Corp. saw 25.56% 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 8.96. 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 wrap up, the performance of Lam Research Corp. (LRCX) has been better in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
