In today’s recent session, 2.07 million shares of the Lam Research Corp. (NASDAQ:LRCX) have been traded, and its beta is 1.47. Most recently the company’s share price was $82.21, and it changed around $1.2 or 1.48% from the last close, which brings the market valuation of the company to $106.55B. LRCX at last check was trading at a discount to its 52-week high of $113.00, offering almost -37.45% off that amount. The share price’s 52-week low was $57.44, which indicates that the recent value has risen by an impressive 30.13% since then. We note from Lam Research Corp.’s average daily trading volume that its 10-day average is 11.47 million shares, with the 3-month average coming to 12.89 million.
Lam Research Corp. stock received a consensus recommendation rating of Buy, based on a mean score of 1.79. If we narrow it down even further, the data shows that 0 out of 19 analysts rate the stock as a Sell; another 4 rate it as Overweight. Among the rest, 3 recommended LRCX as a Hold, whereas 12 deemed it a Buy, and 0 rated it as Underweight. Lam Research Corp. is expected to report earnings per share of 0.8 for the current quarter.
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Lam Research Corp. (NASDAQ:LRCX) trade information
Instantly LRCX has been showing a green trend so far today with a performance of 1.48% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 83.09 on recent trading dayincreased the stock’s daily price by 1.06%. The company’s shares are currently up 4.95% year-to-date, but still up 0.98% over the last five days. On the other hand, Lam Research Corp. (NASDAQ:LRCX) is 12.37% up in the 30-day period. We can see from the shorts that 22.04 million shares have been sold at a short interest cover period of 1.83 day(s).
The consensus price target as assigned by Wall Street analysts is $820, which translates to bulls needing to increase their stock price by 89.97% from its current value. Analyst projections state that LRCX is forecast to be at a low of $77 and a high of $1150.
Lam Research Corp. (LRCX) estimates and forecasts
Lam Research Corp. share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -14.52 percent over the past six months and at a 17.73% annual growth rate that is well above the industry average of -6.00%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 17.60% in revenue this quarter, and will report an increase of 13.30% in the next quarter. The year-over-year growth rate is expected to be 16.80%, up from the previous year.
Consensus estimates provided by 19 financial analysts predict the company will bring in an average of 4.05B in revenue for the current quarter. 19 analysts expect Lam Research Corp. to make 4.24B in revenue for the current ending quarter.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 16.17%. Lam Research Corp. earnings are expected to increase by 16.70% in 2024, but the outlook is positive 14.00% per year for the next five years.
LRCX Dividends
Lam Research Corp.’s next quarterly earnings report is expected to be released on 2024-Oct-23. The annual dividend yield of the stock is 10.10 percent and its annual dividend per share was 8.30. It is important to note, however, that the 10.10% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision. The average dividend yield for the past five years averaged 1.15 per year.
Lam Research Corp. (NASDAQ:LRCX)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 0.03% of Lam Research Corp. shares, and 8.91% of them are in the hands of institutional investors. The stock currently has a share float of 8.91%. Lam Research Corp. stock is held by 2421.0 institutions, with BLACKROCK INC. being the largest institutional investor. By 2024-06-30, it held 9.8823% of the shares, which is about 12.93 million shares worth $13.77 billion.
VANGUARD GROUP INC, with 9.2102% or 12.05 million shares worth $12.83 billion as of 2024-06-30, holds the second largest percentage of outstanding shares.
