The stock price of Lam Research Corp. (NASDAQ: LRCX) has plunged by -1.33 when compared to previous closing price of 766.04, but the company has seen a -1.43% decline in its stock price over the last five trading sessions. zacks.com reported 2024-09-16 that The latest trading day saw Lam Research (LRCX) settling at $758.47, representing a -1.46% change from its previous close.
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 26.06x. 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.”
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The public float for LRCX is 129.29M, and at present, short sellers hold a 1.98% of that float. On September 19, 2024, the average trading volume of LRCX was 1.22M shares.
LRCX’s Market Performance
LRCX stock saw a decrease of -1.43% in the past week, with a monthly decline of -14.23% and a quarterly a decrease of -30.63%. The volatility ratio for the week is 2.73%, and the volatility levels for the last 30 days are 3.49% for Lam Research Corp. (LRCX). The simple moving average for the last 20 days is -4.18% for LRCX stock, with a simple moving average of -15.19% for the last 200 days.
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 $1050 based on the research report published on August 01, 2024 of the current year 2024.
Jefferies, 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 $980. The rating they have provided for LRCX stocks is “Buy” according to the report published on May 13th, 2024.
TD Cowen gave a rating of “Buy” to LRCX, setting the target price at $1000 in the report published on April 25th of the current year.
LRCX Trading at -12.21% 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 -33.11% of loss for the given period.
Volatility was left at 3.49%, however, over the last 30 days, the volatility rate increased by 2.73%, as shares sank -12.40% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -32.06% lower at present.
During the last 5 trading sessions, LRCX fell by -1.43%, which changed the moving average for the period of 200-days by +5.58% in comparison to the 20-day moving average, which settled at $783.49. In addition, Lam Research Corp. saw -3.50% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at LRCX starting from Fernandes Neil J, who sale 1,620 shares at the price of $1056.99 back on Jul 12 ’24. After this action, Fernandes Neil J now owns 5,237 shares of Lam Research Corp., valued at $1,712,324 using the latest closing price.
ARCHER TIMOTHY, the President and CEO of Lam Research Corp., sale 9,650 shares at $1070.39 during a trade that took place back on Jun 28 ’24, which means that ARCHER TIMOTHY is holding 84,639 shares at $10,329,237 based on the most recent closing price.
Stock Fundamentals for LRCX
Current profitability levels for the company are sitting at:
- 0.29 for the present operating margin
- 0.47 for the gross margin
The net margin for Lam Research Corp. stands at 0.26. The total capital return value is set at 0.3. Equity return is now at value 45.71, with 20.40 for asset returns.
Based on Lam Research Corp. (LRCX), the company’s capital structure generated 0.37 points at debt to capital in total, while cash flow to debt ratio is standing at 0.93. The debt to equity ratio resting at 0.58. The interest coverage ratio of the stock is 23.24.
Currently, EBITDA for the company is 4.73 billion with net debt to EBITDA at -0.18. When we switch over and look at the enterprise to sales, we see a ratio of 6.53. The receivables turnover for the company is 5.92for trailing twelve months and the total asset turnover is 0.8. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.97.
Conclusion
To sum up, Lam Research Corp. (LRCX) has seen a bad 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.
