During the recent session, Lam Research Corp (NASDAQ:LRCX)’s traded shares were 2.18 million, with the beta value of the company hitting 1.48. At the last check today, the stock’s price was $74.21, reflecting an intraday loss of -2.94% or -$2.24. The 52-week high for the LRCX share is $113.00, that puts it down -52.27 from that peak though still a striking 22.6% gain since the share price plummeted to a 52-week low of $57.44. The company’s market capitalization is $95.48B, and the average intraday trading volume over the past 10 days was 15.72 million shares, and the average trade volume was 13.60 million shares over the past three months.
Lam Research Corp (LRCX) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.76. LRCX has a Sell rating from 0 analyst(s) out of 15 analysts who have looked at this stock. 5 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 10 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.88.
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Lam Research Corp (NASDAQ:LRCX) trade information
Lam Research Corp (LRCX) registered a -2.94% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -2.94% in intraday trading to $74.21, hitting a weekly high. The stock’s 5-day price performance is -3.09%, and it has moved by -8.85% in 30 days. Based on these gigs, the overall price performance for the year is 26.15%. The short interest in Lam Research Corp (NASDAQ:LRCX) is 29.34 million shares and it means that shorts have 2.4 day(s) to cover.
The consensus price target of analysts on Wall Street is $750, which implies an increase of 90.11% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $75 and $1150 respectively. As a result, LRCX is trading at a discount of -1449.66% off the target high and -1.06% off the low.
Lam Research Corp (LRCX) estimates and forecasts
Statistics show that Lam Research Corp has outperformed its competitors in share price, compared to the industry in which it operates. Lam Research Corp (LRCX) shares have gone down -16.03% during the last six months, with a year-to-date growth rate more than the industry average at 17.73% against -5.50. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 17.30% this quarter and then jump 14.10% in the quarter after that. In the rating firms’ projections, revenue will increase 16.60% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 4.33B as predicted by 19 analyst(s). Meanwhile, a consensus of 19 analyst(s) estimates revenue growth to 4.38B by the end of current fiscal year.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 16.17%. While earnings are projected to return 17.48% in 2024, the next five years will return 17.19% per annum.
LRCX Dividends
Lam Research Corp is due to release its next quarterly earnings on 2025-Jan-22. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for Lam Research Corp is 8.30, with the dividend yield indicating at 11.19 percent, continuing the trend of increasing dividends in recent years. The average dividend yield of the company for the last 5 years is 1.15%.
Lam Research Corp (NASDAQ:LRCX)’s Major holders
Lam Research Corp insiders own 0.03% of total outstanding shares while institutional holders control 10.11%, with the float percentage being 10.11%. BLACKROCK INC. is the largest shareholder of the company, while 2305.0 institutions own stock in it. As of 2024-06-30, the company held over 12.93 million shares (or 9.8823% of all shares), a total value of $13.77 billion in shares.
The next largest institutional holding, with 12.05 million shares, is of VANGUARD GROUP INC’s that is approximately 9.2102% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $12.83 billion.
