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Lam Research Corp. (NASDAQ: LRCX) closed the day trading at $967.68 down -10.07% from the previous closing price of $1075.99. In other words, the price has decreased by -$10.07 from its previous closing price. On the day, 2.07 million shares were traded. LRCX stock price reached its highest trading level at $1019.15 during the session, while it also had its lowest trading level at $967.19.
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 22.30 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 27.88. 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 140674531328 and an Enterprise Value of 125826670592. As of this moment, Lam’s Price-to-Earnings (P/E) ratio for their current fiscal year is 35.58, and their Forward P/E ratio for the next fiscal year is 26.55. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.26. For the stock, the TTM Price-to-Sale (P/S) ratio is 8.88 while its Price-to-Book (P/B) ratio in mrq is 15.77. Its current Enterprise Value per Revenue stands at 8.835 whereas that against EBITDA is 28.447.
Stock Price History:
The Beta on a monthly basis for LRCX is 1.48, which has changed by 0.57213414 over the last 52 weeks, in comparison to a change of 0.23228896 over the same period for the S&P500. 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 -3.29%, while the 200-Day Moving Average is calculated to be 13.72%.
Shares Statistics:
Over the past 3-months, LRCX traded about 979.25K shares per day on average, while over the past 10 days, LRCX traded about 894560 shares per day. A total of 133.30M shares are outstanding, with a floating share count of 130.12M. Insiders hold about 0.47% of the company’s shares, while institutions hold 86.53% stake in the company. Shares short for LRCX as of 1719532800 were 2494582 with a Short Ratio of 2.55, compared to 1717113600 on 2537376. Therefore, it implies a Short% of Shares Outstanding of 2494582 and a Short% of Float of 1.91.
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 0.007179435The stock’s 5-year Average Dividend Yield is 1.21. 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.
