The stock price of Lam Research Corp. (NASDAQ: LRCX) has plunged by -0.13 when compared to previous closing price of 1055.76, but the company has seen a -0.65% decline in its stock price over the last five trading sessions. prnewswire.com reported 2024-06-27 that FREMONT, Calif., June 27, 2024 /PRNewswire/ — Lam Research Corp. (Nasdaq: LRCX) today released its 2023 Environment, Social, and Governance (ESG) report, detailing accomplishments, and quantified results in these areas as the company continues to unleash the power of innovation for a better world.
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 38.77x compared to its average ratio. LRCX has 36-month beta value of 1.49. 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.”
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The public float for LRCX is 130.11M, and currently, short sellers hold a 1.79% ratio of that float. The average trading volume of LRCX on June 27, 2024 was 961.93K shares.
LRCX’s Market Performance
LRCX’s stock has seen a -0.65% decrease for the week, with a 8.56% rise in the past month and a 9.19% gain in the past quarter. The volatility ratio for the week is 3.35%, and the volatility levels for the past 30 days are at 3.02% for Lam Research Corp. The simple moving average for the last 20 days is 4.85% for LRCX stock, with a simple moving average of 28.30% for the last 200 days.
Analysts’ Opinion of LRCX
Many brokerage firms have already submitted their reports for LRCX stocks, with Jefferies repeating the rating for LRCX by listing it as a “Buy.” The predicted price for LRCX in the upcoming period, according to Jefferies is $1100 based on the research report published on May 13, 2024 of the current year 2024.
TD Cowen, on the other hand, stated in their research note that they expect to see LRCX reach a price target of $1000, previously predicting the price at $975. The rating they have provided for LRCX stocks is “Buy” according to the report published on April 25th, 2024.
B. Riley Securities gave a rating of “Buy” to LRCX, setting the target price at $1100 in the report published on April 19th of the current year.
LRCX Trading at 10.61% 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 -4.30% of loss for the given period.
Volatility was left at 3.02%, however, over the last 30 days, the volatility rate increased by 3.35%, as shares surge +10.91% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +9.76% upper at present.
During the last 5 trading sessions, LRCX fell by -0.39%, which changed the moving average for the period of 200-days by +59.29% in comparison to the 20-day moving average, which settled at $1,010.81. In addition, Lam Research Corp. saw 34.61% 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 Schisler George M, who sale 400 shares at the price of $908.21 back on May 03 ’24. After this action, Schisler George M now owns 5,661 shares of Lam Research Corp., valued at $363,284 using the latest closing price.
LORD PATRICK J, the Executive Vice President of Lam Research Corp., sale 60 shares at $921.54 during a trade that took place back on Apr 29 ’24, which means that LORD PATRICK J is holding 4,454 shares at $55,292 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 9.62. 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
To put it simply, Lam Research Corp. (LRCX) has had a better 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.
