In the journey to outperform the market, investors delve into the art of stock selection. Choosing the right stocks can be a powerful driver for wealth accumulation.
In the latest session, Lam Research Corp. (NASDAQ: LRCX) closed at $888.92 down -2.56% from its previous closing price of $912.26. In other words, the price has decreased by -$2.56 from its previous closing price. On the day, 2.29 million shares were traded. LRCX stock price reached its highest trading level at $909.3311 during the session, while it also had its lowest trading level at $884.39.
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 20.67 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 23.96. 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, Needham on April 18, 2024, Reiterated its Buy rating but revised its target price to $1030 from $900 previously.
On April 16, 2024, Evercore ISI started tracking the stock assigning a Outperform rating and target price of $1200.
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 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 116540080128 and an Enterprise Value of 115885850624. As of this moment, Lam’s Price-to-Earnings (P/E) ratio for their current fiscal year is 34.37, and their Forward P/E ratio for the next fiscal year is 24.70. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.66. For the stock, the TTM Price-to-Sale (P/S) ratio is 8.14 while its Price-to-Book (P/B) ratio in mrq is 14.19. Its current Enterprise Value per Revenue stands at 8.094 whereas that against EBITDA is 26.417.
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 $482.74. The 50-Day Moving Average of the stock is -5.58%, while the 200-Day Moving Average is calculated to be 18.13%.
Shares Statistics:
For the past three months, LRCX has traded an average of 1.06M shares per day and 946780 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 86.56% stake in the company. Shares short for LRCX as of 1711584000 were 2571706 with a Short Ratio of 2.43, 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
According to the company, the forward annual dividend rate for LRCX is 7.72, from 7.45 in the trailing year. The stock’s 5-year Average Dividend Yield is 1.28.
Earnings Estimates
The stock of Lam Research Corp. (LRCX) is currently being evaluated by Lam Research Corporation analysts who are actively contributing to its market rating.The consensus estimate for the next quarter is $8.90, with high estimates of $0.00 and low estimates of $14.75.
EPS for the following year is $Mutual Fund, with Stocks analysts recommending between $Stocks and $Mutual Fund.
