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In the latest session, Lam Research Corp (NASDAQ: LRCX) closed at $70.05 down -0.17% from its previous closing price of $70.17. In other words, the price has decreased by -$0.17 from its previous closing price. On the day, 8.79 million shares were traded. LRCX stock price reached its highest trading level at $70.2156 during the session, while it also had its lowest trading level at $68.87.
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 14.86 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 18.63. For the most recent quarter (mrq), Quick Ratio is recorded 1.74 and its Current Ratio is at 2.53. In the meantime, Its Debt-to-Equity ratio is 0.59 whereas as Long-Term Debt/Eq ratio is at 0.53.
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 Nov 01 ’24 when Mayer Bethany sold 1,660 shares for $75.16 per share. The transaction valued at 124,757 led to the insider holds 28,930 shares of the business.
Mayer Bethany bought 1,660 shares of LRCX for $124,757 on Nov 01 ’24. On Oct 01 ’24, another insider, Correia Christina, who serves as the CVP , Chief Accounting Officer of the company, sold 647 shares for $817.51 each. As a result, the insider received 528,929 and left with 4,267 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 90132643840 and an Enterprise Value of 89048580096. As of this moment, Lam’s Price-to-Earnings (P/E) ratio for their current fiscal year is 22.67, and their Forward P/E ratio for the next fiscal year is 16.64. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.32. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.78 while its Price-to-Book (P/B) ratio in mrq is 10.68. Its current Enterprise Value per Revenue stands at 5.711 whereas that against EBITDA is 18.099.
Stock Price History:
Over the past 52 weeks, LRCX has reached a high of $113.00, while it has fallen to a 52-week low of $68.72. The 50-Day Moving Average of the stock is -9.19%, while the 200-Day Moving Average is calculated to be -21.35%.
Shares Statistics:
For the past three months, LRCX has traded an average of 12.55M shares per day and 10298880 over the past ten days. A total of 1.30B shares are outstanding, with a floating share count of 1.28B. Insiders hold about 0.42% of the company’s shares, while institutions hold 78.78% stake in the company. Shares short for LRCX as of 1730332800 were 32548196 with a Short Ratio of 2.59, compared to 1727654400 on 32225400. Therefore, it implies a Short% of Shares Outstanding of 32548196 and a Short% of Float of 2.54.
Dividends & Splits
According to the company, the forward annual dividend rate for LRCX is 8.30, from 0.83 in the trailing year. Against a Trailing Annual Dividend Yield of 0.011828417The stock’s 5-year Average Dividend Yield is 1.15.
