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The closing price of Lam Research Corp. (NASDAQ: LRCX) was $868.07 for the day, down -0.25% from the previous closing price of $870.25. In other words, the price has decreased by $-0.25 from its previous closing price. On the day, 1.83 million shares were traded. LRCX stock price reached its highest trading level at $878.74 during the session, while it also had its lowest trading level at $857.98.
Ratios:
Our analysis of LRCX’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 20.19 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 23.40. 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 the company, B. Riley Securities on April 19, 2024, Upgraded its rating to Buy and sets its target price to $1100 from $870 previously.
On April 18, 2024, Needham reiterated its Buy rating and also lowered its target price recommendation from $900 to $1030.
On April 16, 2024, Evercore ISI started tracking the stock assigning a Outperform rating and target price of $1200.Evercore ISI initiated its Outperform rating on April 16, 2024, with a $1200 target price.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Apr 01 ’24 when TALWALKAR ABHIJIT Y sold 882 shares for $972.03 per share. The transaction valued at 857,330 led to the insider holds 10,541 shares of the business.
Corrreia Christina sold 647 shares of LRCX for $628,903 on Apr 01 ’24. The CVP , Chief Accounting Officer now owns 5,541 shares after completing the transaction at $972.03 per share. On Mar 19 ’24, another insider, Varadarajan Seshasayee, who serves as the Senior Vice President of the company, sold 5,500 shares for $913.99 each. As a result, the insider received 5,026,945 and left with 16,595 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 113806581760 and an Enterprise Value of 113152352256. As of this moment, Lam’s Price-to-Earnings (P/E) ratio for their current fiscal year is 33.56, and their Forward P/E ratio for the next fiscal year is 24.12. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.58. For the stock, the TTM Price-to-Sale (P/S) ratio is 7.95 while its Price-to-Book (P/B) ratio in mrq is 13.86. Its current Enterprise Value per Revenue stands at 7.903 whereas that against EBITDA is 25.794.
Stock Price History:
The Beta on a monthly basis for LRCX is 1.52, which has changed by 0.73711276 over the last 52 weeks, in comparison to a change of 0.23061275 over the same period for the S&P500. Over the past 52 weeks, LRCX has reached a high of $1007.39, while it has fallen to a 52-week low of $493.42. The 50-Day Moving Average of the stock is -7.95%, while the 200-Day Moving Average is calculated to be 14.99%.
Shares Statistics:
LRCX traded an average of 1.06M shares per day over the past three months and 1131120 shares per day over the past ten days. A total of 133.30M shares are outstanding, with a floating share count of 130.41M. Insiders hold about 0.53% of the company’s shares, while institutions hold 86.57% stake in the company. Shares short for LRCX as of 1711584000 were 2571706 with a Short Ratio of 2.42, compared to 1709164800 on 2296926. Therefore, it implies a Short% of Shares Outstanding of 2571706 and a Short% of Float of 1.97.
Dividends & Splits
With its trailing 12-month dividend rate of 7.45, LRCX has a forward annual dividend rate of 7.72. The stock’s 5-year Average Dividend Yield is 1.28. The current Payout Ratio is 20.78% for LRCX, which recently paid a dividend on 2024-03-12 with an ex-dividend date of 1710201600. Stock splits for the company last occurred on 2000-03-17 when the company split stock in a 3:1 ratio.
Earnings Estimates
The current market rating for Lam Research Corp. (LRCX) reflects the collective analysis of 22 analysts closely monitoring its performance.On average, analysts expect EPS of $7.3 for the current quarter, with a high estimate of $7.61 and a low estimate of $7.25, while EPS last year was $6.99. The consensus estimate for the next quarter is $7.33, with high estimates of $7.74 and low estimates of $6.82.
Analysts are recommending an EPS of between $30.93 and $27.75 for the fiscal current year, implying an average EPS of $29.16. EPS for the following year is $35.88, with 27 analysts recommending between $43.82 and $31.73.
Revenue Estimates
A total of 28 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 26 analysts’ estimates, the company’s revenue will be $17.41B in the next fiscal year. The high estimate is $18.59B and the low estimate is $16.07B. The average revenue growth estimate for next year is up 17.80% from the average revenue estimate for this year.
