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Lam Research Corp. (NASDAQ: LRCX) closed the day trading at $884.12 down -2.83% from the previous closing price of $909.87. In other words, the price has decreased by -$2.83 from its previous closing price. On the day, 1.93 million shares were traded. LRCX stock price reached its highest trading level at $917.66 during the session, while it also had its lowest trading level at $881.96.
Ratios:
For a better understanding of LRCX, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 20.38 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 25.47. 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:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. 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.
Correia Christina sold 647 shares of LRCX for $687,282 on Jul 01 ’24. The CVP , Chief Accounting Officer now owns 4,914 shares after completing the transaction at $1062.26 per share. On Jun 28 ’24, another insider, ARCHER TIMOTHY, who serves as the President and CEO of the company, sold 13,743 shares for $1067.12 each. As a result, the insider received 14,665,405 and left with 99,893 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 115590733824 and an Enterprise Value of 114901950464. As of this moment, Lam’s Price-to-Earnings (P/E) ratio for their current fiscal year is 32.51, and their Forward P/E ratio for the next fiscal year is 24.26. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.95. For the stock, the TTM Price-to-Sale (P/S) ratio is 8.12 while its Price-to-Book (P/B) ratio in mrq is 14.41. Its current Enterprise Value per Revenue stands at 8.068 whereas that against EBITDA is 25.977.
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 -11.99%, while the 200-Day Moving Average is calculated to be 2.74%.
Shares Statistics:
Over the past 3-months, LRCX traded about 952.55K shares per day on average, while over the past 10 days, LRCX traded about 1275950 shares per day. A total of 133.30M shares are outstanding, with a floating share count of 130.13M. Insiders hold about 0.47% of the company’s shares, while institutions hold 86.06% stake in the company. Shares short for LRCX as of 1721001600 were 2542744 with a Short Ratio of 2.67, compared to 1718323200 on 2323746. Therefore, it implies a Short% of Shares Outstanding of 2542744 and a Short% of Float of 1.95.
Dividends & Splits
LRCX’s forward annual dividend rate is 8.00, up from 7.725 a year ago. Against a Trailing Annual Dividend Yield of 0.008490223The stock’s 5-year Average Dividend Yield is 1.21.