Lam Research Corp. (NASDAQ: LRCX) closed the day trading at $926.71 down -2.54% from the previous closing price of $950.83. In other words, the price has decreased by -$24.12 from its previous closing price. On the day, 995983 shares were traded. LRCX stock price reached its highest trading level at $940.43 during the session, while it also had its lowest trading level at $920.91.
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 21.55 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 24.98. For the most recent quarter (mrq), Quick Ratio is recorded 2.02 and its Current Ratio is at 3.06. In the meantime, Its Debt-to-Equity ratio is 0.61 whereas as Long-Term Debt/Eq ratio is at 0.61.
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 January 25, 2024, Reiterated its Outperform rating but revised its target price to $975 from $710 previously.
On January 23, 2024, Cantor Fitzgerald started tracking the stock assigning a Neutral rating and target price of $830.
Deutsche Bank Downgraded its Buy to Hold on December 12, 2023, whereas the target price for the stock was revised from $680 to $725.
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 Mar 11 ’24 when LORD PATRICK J sold 4,795 shares for $927.90 per share. The transaction valued at 4,449,265 led to the insider holds 7,966 shares of the business.
LORD PATRICK J sold 3,452 shares of LRCX for $3,202,737 on Mar 11 ’24. The Executive Vice President now owns 4,514 shares after completing the transaction at $927.79 per share. On Feb 01 ’24, another insider, Fernandes Neil J, who serves as the Senior Vice President of the company, sold 2,161 shares for $828.33 each. As a result, the insider received 1,790,023 and left with 9,908 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 121.43B and an Enterprise Value of 120.78B. As of this moment, Lam’s Price-to-Earnings (P/E) ratio for their current fiscal year is 35.83, and their Forward P/E ratio for the next fiscal year is 25.80. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 4.69. For the stock, the TTM Price-to-Sale (P/S) ratio is 8.49 while its Price-to-Book (P/B) ratio in mrq is 14.80. Its current Enterprise Value per Revenue stands at 8.44 whereas that against EBITDA is 27.06.
Stock Price History:
Over the past 52 weeks, LRCX has reached a high of $1007.39, while it has fallen to a 52-week low of $467.02. The 50-Day Moving Average of the stock is 863.70, while the 200-Day Moving Average is calculated to be 712.14.
Shares Statistics:
Over the past 3-months, LRCX traded about 1.08M shares per day on average, while over the past 10 days, LRCX traded about 1.22M shares per day. A total of 133.30M shares are outstanding, with a floating share count of 130.40M. Insiders hold about 0.54% of the company’s shares, while institutions hold 86.52% stake in the company. Shares short for LRCX as of Feb 29, 2024 were 2.3M with a Short Ratio of 2.13, compared to 2.42M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 1.75% and a Short% of Float of 1.76%.
Dividends & Splits
LRCX’s forward annual dividend rate is 9.45, up from 7.45 a year ago. Against a Trailing Annual Dividend Yield of 0.78%, it implies a Forward Annual Dividend Yield of 0.86%. The stock’s 5-year Average Dividend Yield is 1.31. The current Payout Ratio is 20.78% for LRCX, which recently paid a dividend on Apr 03, 2024 with an ex-dividend date of Mar 12, 2024. Stock splits for the company last occurred on Mar 17, 2000 when the company split stock in a 3:1 ratio.
Earnings Estimates
Current recommendations for the stock of the company come from 20 analysts. On average, analysts expect EPS of $7.26 for the current quarter, with a high estimate of $7.61 and a low estimate of $6.31, while EPS last year was $6.99. The consensus estimate for the next quarter is $7.29, with high estimates of $7.74 and low estimates of $6.82.
Analysts are recommending an EPS of between $30.93 and $27.09 for the fiscal current year, implying an average EPS of $29.07. EPS for the following year is $35.74, with 25 analysts recommending between $43.82 and $31.73.
Revenue Estimates
A total of 26 analysts have provided revenue estimates for LRCX’s current fiscal year. The highest revenue estimate was $15.27B, while the lowest revenue estimate was $14.6B, resulting in an average revenue estimate of $14.78B. In the same quarter a year ago, actual revenue was $17.43B, down -15.20% from the average estimate. Based on 24 analysts’ estimates, the company’s revenue will be $17.36B in the next fiscal year. The high estimate is $18.49B and the low estimate is $16.07B. The average revenue growth estimate for next year is up 17.50% from the average revenue estimate for this year.
