Lam Research Corp (NASDAQ:LRCX) has a beta value of 1.66 and has seen 2.08 million shares traded in the recent trading session. The company, currently valued at $81.36B, closed the recent trade at $63.38 per share which meant it gained $0.99 on the day or 1.59% during that session. The LRCX stock price is -78.29% off its 52-week high price of $113.00 and 11.14% above the 52-week low of $56.32. If we look at the company’s 10-day average daily trading volume, we find that it stood at 17.86 million shares traded. The 3-month trading volume is 13.83 million shares.
The consensus among analysts is that Lam Research Corp (LRCX) is Buy stock at the moment, with a recommendation rating of 1.70. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 5 out of 15 have rated it as a Hold, with 10 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 1.0.
Lam Research Corp (NASDAQ:LRCX) trade information
Sporting 1.59% in the green today, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the LRCX stock price touched $63.38 or saw a rise of 8.86%. Year-to-date, Lam Research Corp shares have moved -12.25%, while the 5-day performance has seen it change -6.60%. Over the past 30 days, the shares of Lam Research Corp (NASDAQ:LRCX) have changed -16.43%. Short interest in the company has seen 23.65 million shares shorted with days to cover at 1.94.
Wall Street analysts have a consensus price target for the stock at $82.5, which means that the shares’ value could jump 23.18% from the levels at last check today.. The projected low price target is $75.0 while the price target rests at a high of $90.0. In that case, then, we find that the latest price level in today’s session is -42.0% off the targeted high while a plunge would see the stock gain -18.33% from the levels at last check today..
Lam Research Corp (LRCX) estimates and forecasts
The company’s shares have lost -13.34% over the past 6 months. Revenue growth from the last financial year stood is estimated to be 19.32%.
22 analysts offering their estimates for the company have set an average revenue estimate of 4.64B for the current quarter. 22 have an estimated revenue figure of 4.59B for the next ending quarter. Year-ago sales stood 3.79B and 3.87B respectively for this quarter and the next, and analysts expect sales will grow by 22.32% for the current quarter and 19.32% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 16.17% over the past 5 years. Earnings growth for 2025 is a modest 23.90% while over the next 5 years, the company’s earnings are expected to increase by 14.64%.
LRCX Dividends
Lam Research Corp is expected to release its next earnings report on 2025-Jan-28 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 4.76 at a share yield of 7.51%. The company’s dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 1.1%.
Lam Research Corp (NASDAQ:LRCX)’s Major holders
Insiders own 0.29% of the company shares, while shares held by institutions stand at 86.67% with a share float percentage of 86.92%. Investors are also buoyed by the number of investors in a company, with Lam Research Corp having a total of 2377.0 institutions that hold shares in the company. The top two institutional holders are BLACKROCK INC. with over 12.93 million shares worth more than $13.77 billion. As of 2024-06-30, BLACKROCK INC. held 9.8978% of shares outstanding.
The other major institutional holder is VANGUARD GROUP INC, with the holding of over 12.05 million shares as of 2024-06-30. The firm’s total holdings are worth over $12.83 billion and represent 9.2247% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and VANGUARD INDEX FUNDS-Vanguard 500 Index Fund . As of Dec 31, 2024 , the former fund manager holds about 3.14% shares in the company for having 40.31 shares of worth $2.55 billion while later fund manager owns 34.83 shares of worth $2.21 billion as of Dec 31, 2024 , which makes it owner of about 2.71% of company’s outstanding stock.
