The stock of Lam Research Corp. (LRCX) has seen a -5.13% decrease in the past week, with a -1.41% drop in the past month, and a 21.17% flourish in the past quarter. The volatility ratio for the week is 3.15%, and the volatility levels for the past 30 days are at 2.61% for LRCX. The simple moving average for the past 20 days is -5.55% for LRCX’s stock, with a 21.45% 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 price-to-earnings ratio that is above its average at 35.27x. The stock has a 36-month beta value of 1.49. Opinions on the stock are mixed, 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 at present, short sellers hold a 1.97% of that float. On April 18, 2024, the average trading volume of LRCX was 1.05M shares.
LRCX) stock’s latest price update
The stock of Lam Research Corp. (NASDAQ: LRCX) has decreased by -5.29 when compared to last closing price of 963.23. Despite this, the company has experienced a -5.13% fall in its stock price over the last five trading sessions. The Motley Fool reported 2024-04-17 that Sales and earnings for semiconductor manufacturing equipment maker ASML tumbled in Q1. The South China Morning Post reveals why: China is ready to build its own semiconductor chips now.
Analysts’ Opinion of LRCX
Many brokerage firms have already submitted their reports for LRCX stocks, with Evercore ISI repeating the rating for LRCX by listing it as a “Outperform.” The predicted price for LRCX in the upcoming period, according to Evercore ISI is $1200 based on the research report published on April 16, 2024 of the current year 2024.
Deutsche Bank, on the other hand, stated in their research note that they expect to see LRCX reach a price target of $1000. The rating they have provided for LRCX stocks is “Hold” according to the report published on April 11th, 2024.
TD Cowen gave a rating of “Outperform” to LRCX, setting the target price at $975 in the report published on January 25th of the current year.
LRCX Trading at -2.98% 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 -9.44% of loss for the given period.
Volatility was left at 2.61%, however, over the last 30 days, the volatility rate increased by 3.15%, as shares sank -2.02% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +7.16% upper at present.
During the last 5 trading sessions, LRCX fell by -5.13%, which changed the moving average for the period of 200-days by +41.91% in comparison to the 20-day moving average, which settled at $964.88. In addition, Lam Research Corp. saw 16.47% 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 8.31. 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 sum up, Lam Research Corp. (LRCX) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as 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.
