In the last trading session, 13.26 million Lam Research Corp. (NASDAQ:LRCX) shares changed hands as the company’s beta touched 1.47. With the company’s per share price at $73.00 changed hands at $0.16 or 0.22% during last session, the market valuation stood at $94.62B. LRCX’s last price was a discount, traded about -54.79% off its 52-week high of $113.00. The share price had its 52-week low at $57.44, which suggests the last value was 21.32% up since then. When we look at Lam Research Corp.’s average trading volume, we note the 10-day average is 13.57 million shares, with the 3-month average coming to 13.30 million.
Analysts gave the Lam Research Corp. (LRCX) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.79. If we narrow down to specifics, the data shows that 0 out of 15 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 5 recommended LRCX as a Hold, 10 felt it is a Buy and 0 rated the stock as Underweight. Lam Research Corp.’s EPS for the current quarter is expected to be 0.8.
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Lam Research Corp. (NASDAQ:LRCX) trade information
Instantly LRCX was in green as seen at the end of in last trading. With action -4.40%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -6.80%, with the 5-day performance at -4.40% in the red. However, in the 30-day time frame, Lam Research Corp. (NASDAQ:LRCX) is -6.90% down. Looking at the short shares, we see there were 32.23 million shares sold at short interest cover period of 2.35 days.
The consensus price target for the stock as assigned by Wall Street analysts is 785, meaning bulls need an upside of 90.7% from its current market value. According to analyst projections, LRCX’s forecast low is 77 with 1150 as the target high. To hit the forecast high, the stock’s price needs a -1475.34% plunge from its current level, while the stock would need to soar -5.48% for it to hit the projected low.
Lam Research Corp. (LRCX) estimates and forecasts
Data shows that the Lam Research Corp. share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -17.74% over the past 6 months, a 8.03% in annual growth rate that is considerably higher than the industry average of -8.00%. Year-over-year growth is forecast to reach 16.20% up from the last financial year.
Consensus estimates given by 19 financial analysts project the company’s revenue in the current quarter to hit an average of 4.05B. 19 analysts are of the opinion that Lam Research Corp.’s revenue for the current quarter will be 4.23B.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 16.17%. The 2024 estimates are for Lam Research Corp. earnings to increase by 15.82%, but the outlook for the next 5-year period is at 14.00% per year.
LRCX Dividends
Lam Research Corp. is expected to release its next quarterly earnings report in November. The 11.37% annual yield figure for the share gives it an annual dividend of 8.30. It is important to note, however, that the 11.37% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision. During the past 5 years, the average dividend yield was 1.15 per year.
Lam Research Corp. (NASDAQ:LRCX)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 0.03% of Lam Research Corp. shares while 8.90% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 8.90%. There are 8.90% institutions holding the Lam Research Corp. stock share, with BLACKROCK INC. the top institutional holder. As of 2024-06-30, the company held 9.8823% of the shares, roughly 12.93 million LRCX shares worth $13.77 billion.
VANGUARD GROUP INC holds the second largest percentage of outstanding shares, with 9.2102% or 12.05 million shares worth $12.83 billion as of 2024-06-30.
