Lam Research Corp. (NASDAQ:LRCX) has a beta value of 1.47 and has seen 25.32 million shares traded in the last trading session. The company, currently valued at $98.97B, closed the last trade at $76.36 per share which meant it lost -$9.34 on the day or -10.90% during that session. The LRCX stock price is -47.98% off its 52-week high price of $113.00 and 24.78% above the 52-week low of $57.44. If we look at the company’s 10-day average daily trading volume, we find that it stood at 9.96 million shares traded. The 3-month trading volume is 12.80 million shares.
The consensus among analysts is that Lam Research Corp. (LRCX) is Buy stock at the moment, with a recommendation rating of 1.79. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 5 out of 15 have rated it as a Hold, with 10 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 0.8.
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Lam Research Corp. (NASDAQ:LRCX) trade information
Sporting -10.90% in the red in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the LRCX stock price touched $76.36 or saw a rise of 11.78%. Year-to-date, Lam Research Corp. shares have moved -2.51%, while the 5-day performance has seen it change -5.74%. Over the past 30 days, the shares of Lam Research Corp. (NASDAQ:LRCX) have changed 0.68%. Short interest in the company has seen 32.23 million shares shorted with days to cover at 2.35.
Wall Street analysts have a consensus price target for the stock at $800, which means that the shares’ value could jump 90.45% from current levels. The projected low price target is $77.0 while the price target rests at a high of $1150.0. In that case, then, we find that the current price level is -1406.02% off the targeted high while a plunge would see the stock gain -0.84% from current levels.
Lam Research Corp. (LRCX) estimates and forecasts
Figures show that Lam Research Corp. shares have outperformed across the wider relevant industry. The company’s shares have lost -20.73% over the past 6 months, with this year growth rate of 9.70%, compared to -8.20% for the industry. Revenue growth from the last financial year stood is estimated to be 16.50%.
19 analysts offering their estimates for the company have set an average revenue estimate of 4.05B for the current quarter. 19 have an estimated revenue figure of 4.23B for the next ending quarter.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 16.17% over the past 5 years. Earnings growth for 2024 is a modest 16.03% while over the next 5 years, the company’s earnings are expected to increase by 14.00%.
LRCX Dividends
Lam Research Corp. is expected to release its next earnings report in November this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.83 at a share yield of 1.09%. The company’s dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 1.15%.
Lam Research Corp. (NASDAQ:LRCX)’s Major holders
Insiders own 0.03% of the company shares, while shares held by institutions stand at 8.91% with a share float percentage of 8.91%. Investors are also buoyed by the number of investors in a company, with Lam Research Corp. having a total of 2411.0 institutions that hold shares in the company. The top two institutional holders are BLACKROCK INC. with over 12.93 million shares worth more than $13.77 billion. As of 2024-06-30, BLACKROCK INC. held 9.8823% of shares outstanding.
The other major institutional holder is VANGUARD GROUP INC, with the holding of over 12.05 million shares as of 2024-06-30. The firm’s total holdings are worth over $12.83 billion and represent 9.2102% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund . As of Jun 30, 2024 , the former fund manager holds about 3.19% shares in the company for having 4.13 shares of worth $315.34 million while later fund manager owns 3.36 shares of worth $256.22 million as of Jun 30, 2024 , which makes it owner of about 2.59% of company’s outstanding stock.
