Analyzing Ratios: Lam Research Corp. (LRCX)’s Financial Story Unveiled

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The price of Lam Research Corp. (NASDAQ: LRCX) closed at $1061.31 in the last session, down -2.59% from day before closing price of $1089.58. In other words, the price has decreased by -$2.59 from its previous closing price. On the day, 1.44 million shares were traded. LRCX stock price reached its highest trading level at $1093.39 during the session, while it also had its lowest trading level at $1050.22.

Ratios:

We take a closer look at LRCX’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 24.46 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 30.58. For the most recent quarter (mrq), Quick Ratio is recorded 1.84 and its Current Ratio is at 2.82. In the meantime, Its Debt-to-Equity ratio is 0.62 whereas as Long-Term Debt/Eq ratio is at 0.56.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Jefferies on May 13, 2024, initiated with a Buy rating and assigned the stock a target price of $1100.

On April 25, 2024, TD Cowen reiterated its Buy rating and also lowered its target price recommendation from $975 to $1000.

B. Riley Securities Upgraded its Neutral to Buy on April 19, 2024, whereas the target price for the stock was revised from $870 to $1100.

Insider Transactions:

An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on May 03 ’24 when Schisler George M sold 400 shares for $908.21 per share. The transaction valued at 363,284 led to the insider holds 5,661 shares of the business.

LORD PATRICK J sold 60 shares of LRCX for $55,292 on Apr 29 ’24. The Executive Vice President now owns 4,454 shares after completing the transaction at $921.54 per share. On Apr 01 ’24, another insider, TALWALKAR ABHIJIT Y, who serves as the Director of the company, sold 882 shares for $972.03 each. As a result, the insider received 857,330 and left with 10,541 shares of the company.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, LRCX now has a Market Capitalization of 142453276672 and an Enterprise Value of 138067951616. As of this moment, Lam’s Price-to-Earnings (P/E) ratio for their current fiscal year is 39.02, and their Forward P/E ratio for the next fiscal year is 29.13. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.57. For the stock, the TTM Price-to-Sale (P/S) ratio is 9.74 while its Price-to-Book (P/B) ratio in mrq is 17.30. Its current Enterprise Value per Revenue stands at 9.695 whereas that against EBITDA is 31.215.

Stock Price History:

The Beta on a monthly basis for LRCX is 1.50, which has changed by 0.7433964 over the last 52 weeks, in comparison to a change of 0.2586832 over the same period for the S&P500. Over the past 52 weeks, LRCX has reached a high of $1101.81, while it has fallen to a 52-week low of $574.42. The 50-Day Moving Average of the stock is 12.33%, while the 200-Day Moving Average is calculated to be 30.58%.

Shares Statistics:

According to the various share statistics, LRCX traded on average about 934.98K shares per day over the past 3-months and 994610 shares per day over the past 10 days. A total of 133.30M shares are outstanding, with a floating share count of 130.11M. Insiders hold about 0.48% of the company’s shares, while institutions hold 86.54% stake in the company. Shares short for LRCX as of 1715731200 were 2358295 with a Short Ratio of 2.71, compared to 1713139200 on 2548549. Therefore, it implies a Short% of Shares Outstanding of 2358295 and a Short% of Float of 1.8099998999999998.

Dividends & Splits

The forward annual dividend rate for LRCX is 8.00, which was 7.725 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 0.007089888The stock’s 5-year Average Dividend Yield is 1.23. The current Payout Ratio is 20.78% for LRCX, which recently paid a dividend on 2024-06-18 with an ex-dividend date of 1718668800. Stock splits for the company last occurred on 2000-03-17 when the company split stock in a 3:1 ratio.

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