Lam Research Corp (NASDAQ:LRCX) has a beta value of 1.66 and has seen 12.29 million shares traded in the last trading session. The company, currently valued at $122.32B, closed the last trade at $95.63 per share which meant it gained $4.02 on the day or 4.39% during that session. The LRCX stock price is -18.16% off its 52-week high price of $113.00 and 41.11% 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 11.83 million shares traded. The 3-month trading volume is 11.98 million shares.
The consensus among analysts is that Lam Research Corp (LRCX) is Buy stock at the moment, with a recommendation rating of 1.55. 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.
Lam Research Corp (NASDAQ:LRCX) trade information
Sporting 4.39% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the LRCX stock price touched $95.63 or saw a rise of 0.15%. Year-to-date, Lam Research Corp shares have moved -9.89%, while the 5-day performance has seen it change 2.38%. Over the past 30 days, the shares of Lam Research Corp (NASDAQ:LRCX) have changed 15.83%. Short interest in the company has seen 24.95 million shares shorted with days to cover at 2.47.
Wall Street analysts have a consensus price target for the stock at $80, which means that the shares’ value could drop -19.54% from current levels. The projected low price target is $70.0 while the price target rests at a high of $90.0. In that case, then, we find that the current price level is 5.89% off the targeted high while a plunge would see the stock lose 26.8% from current levels.
Lam Research Corp (LRCX) estimates and forecasts
The company’s shares have gained 27.17% over the past 6 months.
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 32.37% while over the next 5 years, the company’s earnings are expected to increase by 15.71%.
LRCX Dividends
Lam Research Corp is expected to release its next earnings report on 2025-Apr-23 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.92 at a share yield of 0.96%. The company’s dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 1.09%.
Lam Research Corp (NASDAQ:LRCX)’s Major holders
Insiders own 0.29% of the company shares, while shares held by institutions stand at 87.29% with a share float percentage of 87.55%. Investors are also buoyed by the number of investors in a company, with Lam Research Corp having a total of 2479.0 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.
