In today’s recent session, 2.08 million shares of the Lam Research Corp (NASDAQ:LRCX) have been traded, and its beta is 1.53. Most recently the company’s share price was $81.29, and it changed around -$1.97 or -2.36% from the last close, which brings the market valuation of the company to $104.36B. LRCX at last check was trading at a discount to its 52-week high of $113.00, offering almost -39.01% off that amount. The share price’s 52-week low was $68.87, which indicates that the recent value has risen by an impressive 15.28% since then. We note from Lam Research Corp’s average daily trading volume that its 10-day average is 13.53 million shares, with the 3-month average coming to 11.91 million.
Lam Research Corp stock received a consensus recommendation rating of Buy, based on a mean score of 1.78. If we narrow it down even further, the data shows that 0 out of 32 analysts rate the stock as a Sell; another 4 rate it as Overweight. Among the rest, 11 recommended LRCX as a Hold, whereas 17 deemed it a Buy, and 0 rated it as Underweight. Lam Research Corp is expected to report earnings per share of 1.0 for the current quarter.
Lam Research Corp (NASDAQ:LRCX) trade information
Instantly LRCX has been showing red trend so far today with a performance of -2.36% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 84.67 on recent trading dayincreased the stock’s daily price by 3.99%. The company’s shares are currently up 12.55% year-to-date, but still down -0.79% over the last five days. On the other hand, Lam Research Corp (NASDAQ:LRCX) is 9.19% up in the 30-day period. We can see from the shorts that 37.41 million shares have been sold at a short interest cover period of 3.29 day(s).
The consensus price target as assigned by Wall Street analysts is $100, which translates to bulls needing to increase their stock price by 18.71% from its current value. Analyst projections state that LRCX is forecast to be at a low of $75 and a high of $115.
Lam Research Corp (LRCX) estimates and forecasts
The year-over-year growth rate is expected to be 18.94%, up from the previous year.
Consensus estimates provided by 23 financial analysts predict the company will bring in an average of 4.63B in revenue for the current quarter. 22 analysts expect Lam Research Corp to make 4.6B in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 3.79B and 3.87B respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 22.15%. Forecasts for the next quarter put sales growth at 18.79%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 16.17%. Lam Research Corp earnings are expected to increase by 23.28% in 2025, but the outlook is positive 15.68% per year for the next five years.
LRCX Dividends
Lam Research Corp’s next quarterly earnings report is expected to be released in March. The annual dividend yield of the stock is 1.06 percent and its annual dividend per share was 0.86. It is important to note, however, that the 1.06% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision. The average dividend yield for the past five years averaged 1.13 per year.
Lam Research Corp (NASDAQ:LRCX)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 0.26% of Lam Research Corp shares, and 93.85% of them are in the hands of institutional investors. The stock currently has a share float of 94.10%. Lam Research Corp stock is held by 2141.0 institutions, with BLACKROCK INC. being the largest institutional investor. By 2024-06-30, it held 9.8823% of the shares, which is about 12.93 million shares worth $13.77 billion.
VANGUARD GROUP INC, with 9.2102% or 12.05 million shares worth $12.83 billion as of 2024-06-30, holds the second largest percentage of outstanding shares.
Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund were the top two Mutual Funds as of Sep 30, 2024. The former held 41.48 shares worth $3.37 billion, making up 3.23% of all outstanding shares. On the other hand, Vanguard 500 Index Fund held roughly 34.15 shares worth around $2.77 billion, which represents about 2.66% of the total shares outstanding.
