The price-to-earnings ratio for Lam Research Corp (NASDAQ: LRCX) is above average at 25.40x, Company’s 36-month beta value is 1.47.Analysts have differing opinions on the stock, with 16 analysts rating it as a “buy,” 4 as “overweight,” 12 as “hold,” and 0 as “sell.”
The public float for LRCX is 1.28B, and currently, short sellers hold a 2.53% ratio of that floaft. The average trading volume of LRCX on December 03, 2024 was 12.55M shares.
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LRCX) stock’s latest price update
Lam Research Corp (NASDAQ: LRCX)’s stock price has increased by 6.27 compared to its previous closing price of 73.88. However, the company has seen a 8.08% increase in its stock price over the last five trading sessions. prnewswire.com reported 2024-12-02 that FREMONT, Calif., Dec. 2, 2024 /PRNewswire/ — Lam Research Corp. (Nasdaq: LRCX).
LRCX’s Market Performance
Lam Research Corp (LRCX) has seen a 8.08% rise in stock performance for the week, with a 5.60% gain in the past month and a 2.53% surge in the past quarter. The volatility ratio for the week is 3.98%, and the volatility levels for the past 30 days are at 2.90% for LRCX. The simple moving average for the last 20 days is 5.93% for LRCX stock, with a simple moving average of -11.31% 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 2.31% 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 -30.52% of loss for the given period.
Volatility was left at 2.90%, however, over the last 30 days, the volatility rate increased by 3.98%, as shares surge +4.96% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +1.54% upper at present.
During the last 5 trading sessions, LRCX rose by +8.08%, which changed the moving average for the period of 200-days by -14.08% in comparison to the 20-day moving average, which settled at $74.11. In addition, Lam Research Corp saw 0.23% 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 Mayer Bethany, who sale 1,660 shares at the price of $75.16 back on Nov 01 ’24. After this action, Mayer Bethany now owns 28,930 shares of Lam Research Corp, valued at $124,757 using the latest closing price.
Mayer Bethany, the Director of Lam Research Corp, proposed sale 1,660 shares at $75.16 during a trade that took place back on Nov 01 ’24, which means that Mayer Bethany is holding shares at $124,757 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
- 0.48 for the gross margin
The net margin for Lam Research Corp stands at 0.26. The total capital return value is set at 0.32. Equity return is now at value 49.12, with 21.31 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 1.06. The debt to equity ratio resting at 0.59. The interest coverage ratio of the stock is 24.59.
Currently, EBITDA for the company is 4.91 billion with net debt to EBITDA at -0.22. When we switch over and look at the enterprise to sales, we see a ratio of 6.41. The receivables turnover for the company is 5.31for 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 2.53.
Conclusion
In a nutshell, Lam Research Corp (LRCX) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. 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.
