Lam Research Corp. (NASDAQ:LRCX)’s traded shares stood at 2.54 million during the latest session, with the company’s beta value hitting 1.48. At the last check today, the stock’s price was $78.34, to imply an increase of 2.31% or $1.77 in intraday trading. The LRCX share’s 52-week high remains $113.00, putting it -44.24% down since that peak but still an impressive 26.68% since price per share fell to its 52-week low of $57.44. The company has a valuation of $101.54B, with an average of 16.96 million shares in intraday trading volume over the past 10 days and average of 13.66 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Lam Research Corp. (LRCX), translating to a mean rating of 1.76. Of 15 analyst(s) looking at the stock, 0 analyst(s) give LRCX a Sell rating. 0 of those analysts rate the stock as Overweight while 5 advise Hold as 10 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at 0.87.
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Lam Research Corp. (NASDAQ:LRCX) trade information
After registering a 2.31% upside in the latest session, Lam Research Corp. (LRCX) has traded red over the past five days. The 5-day price performance for the stock is 7.55%, and -7.56% over 30 days. With these gigs, the year-to-date price performance is 0.02%. Short interest in Lam Research Corp. (NASDAQ:LRCX) saw shorts transact 32.23 million shares and set a 2.35 days time to cover.
The extremes give us $75 and $1150 for target low and target high price respectively. As such, LRCX has been trading -1367.96% off suggested target high and 4.26% from its likely low.
Lam Research Corp. (LRCX) estimates and forecasts
Looking at statistics comparing Lam Research Corp. share performance against respective industry, we note that the company has outperformed competitors. Lam Research Corp. (LRCX) shares are -15.34% down over the last 6 months, with its year-to-date growth rate higher than industry average at 8.36% against -7.80%. Revenue is forecast to grow 16.00% this quarter before jumping 14.10% for the next one. The rating firms project that company’s revenue will grow 16.40% compared to the previous financial year.
Revenue forecast for the current quarter as set by 21 analysts is 4.29B. Meanwhile, for the current quarter, a total of 21 analyst(s) estimate revenue growth to 4.36B.
An assessment of the company’s 5-year growth patterns shows that annual earnings grew an estimated 16.17% for the past 5-year period. While 2024 is set for a 16.98% return in earnings, projections for the next 5 years are at 14.00% annually.
LRCX Dividends
Lam Research Corp. has its next earnings report out on 2025-Jan-22. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Lam Research Corp. has a forward dividend ratio of 0.83, with the share yield ticking at 1.06% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 1.15%.
Lam Research Corp. (NASDAQ:LRCX)’s Major holders
Lam Research Corp. insiders hold 0.03% of total outstanding shares, with institutional holders owning 8.93% of the shares at 8.93% float percentage. In total, 8.93% institutions holds shares in the company, led by BLACKROCK INC. As of 2024-06-30, the company held over 12.93 million shares (or 9.8823% of shares), all amounting to roughly $13.77 billion.
The next major institution holding the largest number of shares is VANGUARD GROUP INC with 12.05 million shares, or about 9.2102% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $12.83 billion.
