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In the latest session, Lam Research Corp. (NASDAQ: LRCX) closed at $818.91 down -3.36% from its previous closing price of $847.37. In other words, the price has decreased by -$3.36 from its previous closing price. On the day, 1.11 million shares were traded. LRCX stock price reached its highest trading level at $843.395 during the session, while it also had its lowest trading level at $815.15.
Ratios:
For a deeper understanding of Lam Research Corp.’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 18.31 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 25.16. For the most recent quarter (mrq), Quick Ratio is recorded 2.00 and its Current Ratio is at 2.97. In the meantime, Its Debt-to-Equity ratio is 0.58 whereas as Long-Term Debt/Eq ratio is at 0.52.
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, TD Cowen on August 01, 2024, Reiterated its Buy rating but revised its target price to $1050 from $1000 previously.
On May 13, 2024, Jefferies started tracking the stock assigning a Buy rating and target price of $1100.
TD Cowen reiterated its Buy rating for the stock on April 25, 2024, while the target price for the stock was revised from $975 to $1000.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Jul 12 ’24 when Fernandes Neil J sold 1,620 shares for $1056.99 per share. The transaction valued at 1,712,324 led to the insider holds 5,237 shares of the business.
ARCHER TIMOTHY sold 9,650 shares of LRCX for $10,329,237 on Jun 28 ’24. The President and CEO now owns 84,639 shares after completing the transaction at $1070.39 per share. On Jun 28 ’24, another insider, ARCHER TIMOTHY, who serves as the President and CEO of the company, sold 5,604 shares for $1078.53 each. As a result, the insider received 6,044,106 and left with 94,289 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 110477508608 and an Enterprise Value of 105902505984. As of this moment, Lam’s Price-to-Earnings (P/E) ratio for their current fiscal year is 28.23, and their Forward P/E ratio for the next fiscal year is 17.89. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.56. For the stock, the TTM Price-to-Sale (P/S) ratio is 7.18 while its Price-to-Book (P/B) ratio in mrq is 12.50. Its current Enterprise Value per Revenue stands at 7.105 whereas that against EBITDA is 22.604.
Stock Price History:
Over the past 52 weeks, LRCX has reached a high of $1130.00, while it has fallen to a 52-week low of $574.42. The 50-Day Moving Average of the stock is -14.16%, while the 200-Day Moving Average is calculated to be -7.47%.
Shares Statistics:
For the past three months, LRCX has traded an average of 1.14M shares per day and 1111060 over the past ten days. A total of 130.38M shares are outstanding, with a floating share count of 130.15M. Insiders hold about 0.45% of the company’s shares, while institutions hold 85.21% stake in the company. Shares short for LRCX as of 1722384000 were 2097865 with a Short Ratio of 1.84, compared to 1719532800 on 2494582. Therefore, it implies a Short% of Shares Outstanding of 2097865 and a Short% of Float of 1.6099999999999999.
Dividends & Splits
According to the company, the forward annual dividend rate for LRCX is 8.00, from 8.0 in the trailing year. Against a Trailing Annual Dividend Yield of 0.009440976The stock’s 5-year Average Dividend Yield is 1.19.
Earnings Estimates
A comprehensive evaluation of Lam Research Corp. (LRCX) is underway, with the input of 22.0 analysts contributing to its current rating.The consensus estimate for the next quarter is $8.5, with high estimates of $8.97 and low estimates of $8.11.
Analysts are recommending an EPS of between $41.78 and $33.77 for the fiscal current year, implying an average EPS of $35.91. EPS for the following year is $46.11, with 19.0 analysts recommending between $52.59 and $39.33.
Revenue Estimates
For the next quarter, 20 analysts are estimating revenue of $4.24B. There is a high estimate of $4.37B for the next quarter, whereas the lowest estimate is $4.14B.
A total of 27 analysts have provided revenue estimates for LRCX’s current fiscal year. The highest revenue estimate was $17.97B, while the lowest revenue estimate was $16.97B, resulting in an average revenue estimate of $17.45B. In the same quarter a year ago, actual revenue was $14.91BBased on 20 analysts’ estimates, the company’s revenue will be $20.77B in the next fiscal year. The high estimate is $22.61B and the low estimate is $18.6B.
