As of close of business last night, Lam Research Corporation’s stock clocked out at $493.98, up 3.56% from its previous closing price of $477.00. In other words, the price has increased by $+18.71 from its previous closing price. On the day, 1309468 shares were traded. LRCX stock price reached its highest trading level at $499.42 during the session, while it also had its lowest trading level at $484.63.
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To gain a deeper understanding of LRCX’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 14.88 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 32.55. For the most recent quarter (mrq), Quick Ratio is recorded 2.00 and its Current Ratio is at 3.00. In the meantime, Its Debt-to-Equity ratio is 0.60 whereas as Long-Term Debt/Eq ratio is at 0.60.
Upgrades & Downgrades
Deutsche Bank Upgraded its Hold to Buy on December 12, 2022, whereas the target price for the stock was revised from $400 to $520.
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Mar 03 when Hahn Ava sold 3,206 shares for $488.92 per share. The transaction valued at 1,567,478 led to the insider holds 3,433 shares of the business.
Hahn Ava sold 487 shares of LRCX for $233,273 on Mar 02. The Chief Legal Officer & SVP now owns 6,639 shares after completing the transaction at $479.00 per share. On Jan 03, another insider, TALWALKAR ABHIJIT Y, who serves as the Director of the company, sold 880 shares for $429.72 each. As a result, the insider received 378,154 and left with 14,762 shares of the company.
As of this moment, Lam’s Price-to-Earnings (P/E) ratio for their current fiscal year is 13.28, and their Forward P/E ratio for the next fiscal year is 18.24. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 5.82. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.58 while its Price-to-Book (P/B) ratio in mrq is 8.09.
Stock Price History:
Over the past 52 weeks, LRCX has reached a high of $574.79, while it has fallen to a 52-week low of $299.59. The 50-Day Moving Average of the stock is 484.50, while the 200-Day Moving Average is calculated to be 449.67.
It appears that LRCX traded 1.27M shares on average per day over the past three months and 1.11M shares per day over the past ten days. A total of 136.02M shares are outstanding, with a floating share count of 134.52M. Insiders hold about 0.20% of the company’s shares, while institutions hold 86.40% stake in the company. Shares short for LRCX as of Jan 30, 2023 were 2.7M with a Short Ratio of 2.54M, compared to 2.31M on Dec 29, 2022. Therefore, it implies a Short% of Shares Outstanding of 2.00% and a Short% of Float of 2.01%.
Dividends & Splits
With its trailing 12-month dividend rate of 5.05, LRCX has a forward annual dividend rate of 6.90. Against a Trailing Annual Dividend Yield of 1.06%, it implies a Forward Annual Dividend Yield of 1.34%. The stock’s 5-year Average Dividend Yield is 1.44. The current Payout Ratio is 16.70% for LRCX, which recently paid a dividend on Apr 04, 2023 with an ex-dividend date of Dec 12, 2022. Stock splits for the company last occurred on Mar 16, 2000 when the company split stock in a 3:1 ratio.
As of right now, 18 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of $6.54 for the current quarter, with a high estimate of $6.73 and a low estimate of $6.49, while EPS last year was $7.4. The consensus estimate for the next quarter is $5.67, with high estimates of $6.34 and low estimates of $4.47.
Analysts are recommending an EPS of between $36.19 and $32.53 for the fiscal current year, implying an average EPS of $33.54. EPS for the following year is $26.92, with 20 analysts recommending between $38.09 and $21.85.
In the current quarter, 17 analysts expect revenue to total $3.83B. It ranges from a high estimate of $3.93B to a low estimate of $3.8B. As of the current estimate, Lam Research Corporation’s year-ago sales were $4.06B, an estimated decrease of -5.80% from the year-ago figure. For the next quarter, 17 analysts are estimating revenue of $3.49B, a decrease of -24.80% less than the figure of -$5.80% in the same quarter last year. There is a high estimate of $3.7B for the next quarter, whereas the lowest estimate is $3.3B.
A total of 22 analysts have provided revenue estimates for LRCX’s current fiscal year. The highest revenue estimate was $17.85B, while the lowest revenue estimate was $17.31B, resulting in an average revenue estimate of $17.62B. In the same quarter a year ago, actual revenue was $17.23B, up 2.30% from the average estimate. Based on 21 analysts’ estimates, the company’s revenue will be $14.71B in the next fiscal year. The high estimate is $16.37B and the low estimate is $13.19B. The average revenue growth estimate for next year is down -16.50% from the average revenue estimate for this year.