Lam Research Corp (NASDAQ:LRCX) has a beta value of 1.67 and has seen 1.71 million shares traded in the recent trading session. The company, currently valued at $128.09B, closed the recent trade at $100.14 per share which meant it lost -$1.59 on the day or -1.57% during that session. The LRCX stock price is -9.19% off its 52-week high price of $109.34 and 43.76% 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 8.17 million shares traded. The 3-month trading volume is 10.52 million shares.
The consensus among analysts is that Lam Research Corp (LRCX) is Buy stock at the moment, with a recommendation rating of 1.56. 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 -1.57% in the red today, 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 $100.14 or saw a rise of 1.85%. Year-to-date, Lam Research Corp shares have moved -11.17%, while the 5-day performance has seen it change 2.03%. Over the past 30 days, the shares of Lam Research Corp (NASDAQ:LRCX) have changed 10.10%. Short interest in the company has seen 24.91 million shares shorted with days to cover at 2.58.
Wall Street analysts have a consensus price target for the stock at $70, which means that the shares’ value could drop -43.06% from the levels at last check today.. The projected low price target is $70.0 while the price target rests at a high of $70.0. In that case, then, we find that the latest price level in today’s session is 30.1% off the targeted high while a plunge would see the stock lose 30.1% from the levels at last check today..
Lam Research Corp (LRCX) estimates and forecasts
The company’s shares have gained 29.98% 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 32.49% while over the next 5 years, the company’s earnings are expected to increase by 16.52%.
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 0.92%. The company’s dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 1.08%.
Lam Research Corp (NASDAQ:LRCX)’s Major holders
Insiders own 0.29% of the company shares, while shares held by institutions stand at 87.24% with a share float percentage of 87.49%. Investors are also buoyed by the number of investors in a company, with Lam Research Corp having a total of 2467.0 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.
