The stock of Lam Research Corp. (LRCX) has seen a -1.90% decrease in the past week, with a -10.26% drop in the past month, and a 5.20% flourish in the past quarter. The volatility ratio for the week is 3.37%, and the volatility levels for the past 30 days are at 3.15% for LRCX. The simple moving average for the last 20 days is -6.72% for LRCX stock, with a simple moving average of 13.56% for the last 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 of 31.92x that is above its average ratio. Additionally, the 36-month beta value for LRCX is 1.51. There are mixed opinions on the stock, with 12 analysts rating it as a “buy,” 4 rating it as “overweight,” 3 rating it as “hold,” and 0 rating it as “sell.”
The public float for LRCX is 130.05M and currently, short sellers hold a 1.96% ratio of that float. The average trading volume of LRCX on May 02, 2024 was 1.04M shares.
LRCX) stock’s latest price update
The stock price of Lam Research Corp. (NASDAQ: LRCX) has plunged by -2.94 when compared to previous closing price of 894.41, but the company has seen a -1.90% decline in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-05-01 that Lam Research (LRCX) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact 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 “Buy.” The predicted price for LRCX in the upcoming period, according to TD Cowen is $1000 based on the research report published on April 25, 2024 of the current year 2024.
B. Riley Securities, on the other hand, stated in their research note that they expect to see LRCX reach a price target of $1100, previously predicting the price at $870. The rating they have provided for LRCX stocks is “Buy” according to the report published on April 19th, 2024.
Needham gave a rating of “Buy” to LRCX, setting the target price at $1030 in the report published on April 18th of the current year.
LRCX Trading at -7.86% 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 -13.83% of loss for the given period.
Volatility was left at 3.15%, however, over the last 30 days, the volatility rate increased by 3.37%, as shares sank -11.27% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -3.59% lower at present.
During the last 5 trading sessions, LRCX fell by -1.90%, which changed the moving average for the period of 200-days by +31.52% in comparison to the 20-day moving average, which settled at $925.12. In addition, Lam Research Corp. saw 10.83% 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 LORD PATRICK J, who sale 60 shares at the price of $921.54 back on Apr 29 ’24. After this action, LORD PATRICK J now owns 4,454 shares of Lam Research Corp., valued at $55,292 using the latest closing price.
TALWALKAR ABHIJIT Y, the Director of Lam Research Corp., sale 882 shares at $972.03 during a trade that took place back on Apr 01 ’24, which means that TALWALKAR ABHIJIT Y is holding 10,541 shares at $857,330 based on the most recent closing price.
Stock Fundamentals for LRCX
Current profitability levels for the company are sitting at:
- 0.28 for the present operating margin
- 0.47 for the gross margin
The net margin for Lam Research Corp. stands at 0.25. The total capital return value is set at 0.29. Equity return is now at value 43.95, with 19.24 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 0.99. The debt to equity ratio resting at 0.62. The interest coverage ratio of the stock is 21.7.
Currently, EBITDA for the company is 5.6 billion with net debt to EBITDA at -0.15. When we switch over and look at the enterprise to sales, we see a ratio of 7.92. The receivables turnover for the company is 6.46for trailing twelve months and the total asset turnover is 0.78. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.82.
Conclusion
In conclusion, Lam Research Corp. (LRCX) has seen mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it 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.
