In last trading session, Lam Research Corp. (NASDAQ:LRCX) saw 18.48 million shares changing hands with its beta currently measuring 1.47. Company’s recent per share price level of $72.84 trading at -$0.3 or -0.41% at ring of the bell on the day assigns it a market valuation of $94.41B. That closing price of LRCX’s stock is at a discount of -55.13% from its 52-week high price of $113.00 and is indicating a premium of 21.14% from its 52-week low price of $57.44. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 12.0 million shares which gives us an average trading volume of 13.29 million if we extend that period to 3-months.
For Lam Research Corp. (LRCX), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.79. Splitting up the data highlights that, out of 15 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 5 suggested the stock as a Hold whereas 10 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 0.8 in the current quarter.
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Lam Research Corp. (NASDAQ:LRCX) trade information
Upright in the red during last session for losing -0.41%, in the last five days LRCX remained trading in the red while hitting it’s week-highest on Tuesday, 10/15/24 when the stock touched $72.84 price level, adding 15.85% to its value on the day. Lam Research Corp.’s shares saw a change of -7.00% in year-to-date performance and have moved -12.12% in past 5-day. Lam Research Corp. (NASDAQ:LRCX) showed a performance of -7.69% in past 30-days. Number of shares sold short was 32.23 million shares which calculate 2.35 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 800 to the stock, which implies a rise of 90.89% to its current value. Analysts have been projecting 77 as a low price target for the stock while placing it at a high target of 1150. It follows that stock’s current price would drop -5.71% in reaching the projected high whereas dropping to the targeted low would mean a loss of -5.71% for stock’s current value.
Lam Research Corp. (LRCX) estimates and forecasts
Statistics highlight that Lam Research Corp. is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -16.30% of value to its shares in past 6 months, showing an annual growth rate of 8.03% while that of industry is -8.40. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 16.20% from the last financial year’s standing.
19 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 4.05B for the same. And 19 analysts are in estimates of company making revenue of 4.23B in the next quarter.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 16.17% during past 5 years. In 2024, company’s earnings growth rate is likely to be around 15.85% while estimates for its earnings growth in next 5 years are of 14.00%.
LRCX Dividends
Lam Research Corp. is more likely to be releasing its next quarterly report on 2024-Oct-23 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt. With an annual yield of 1.14%, the share has a forward dividend of 0.83 which implies that company’s dividend yield remained growing in trailing twelve months while having a 5 year average dividend yield of 1.15%.
Lam Research Corp. (NASDAQ:LRCX)’s Major holders
Insiders are in possession of 0.03% of company’s total shares while institution are holding 8.90 percent of that, with stock having share float percentage of 8.90%. Investors also watch the number of corporate investors in a company very closely, which is 8.90% institutions for Lam Research Corp. that are currently holding shares of the company. BLACKROCK INC. is the top institutional holder at LRCX for having 12.93 million shares of worth $13.77 billion. And as of 2024-06-30, it was holding 9.8823 of the company’s outstanding shares.
The second largest institutional holder is VANGUARD GROUP INC, which was holding about 12.05 million shares on 2024-06-30. The number of shares represents firm’s hold over 9.2102 of outstanding shares, having a total worth of $12.83 billion.
