Lam Research Corporation [LRCX] Analysis: Why LRCX Stock Is Skyrocketing Today

Lam Research Corporation [LRCX] stock is up 2.68 while the S&P 500 has risen 0.66% on Thursday, 12/03/20. While at the time of this article, LRCX ATR is sitting at 13.77, with the beta value at 1.33. This stock’s volatility for the past week remained at 2.69%, while it was 2.93% for the past 30-day period. LRCX has risen $12.97 from the previous closing price of $484.07 on volume of 0.85 million shares.

On 18, November 2020, Lam Research Corporation Announces Participation at Upcoming Conference. According to news published on Yahoo Finance, Lam Research Corporation (Nasdaq: LRCX) today announced its participation at an upcoming investor event:.

Analyst Birdseye View:

The most recent analyst activity for Lam Research Corporation [NASDAQ:LRCX] stock was on October 22, 2020, when it was Reiterated with a Buy rating from Stifel, which also raised its 12-month price target on the stock from $352 to $418. Before that, on October 22, 2020, UBS Recapitulated a Buy rating and elevated its amount target to $450. On October 22, 2020, RBC Capital Mkts Reiterated an Outperform rating and boosted its price target on this stock from $400 to $420. On October 22, 2020, Morgan Stanley Reiterated an Overweight rating and increased its price target from $415 to $420. On October 22, 2020, Mizuho Reiterated a Buy rating and increased its price target to $410. On October 22, 2020, KeyBanc Capital Markets Reiterated an Overweight rating and boosted its amount target on this stock to $424. On October 22, 2020, Goldman Reiterated a Buy rating and boosted its target amount on this stock from $376 to $424. On September 21, 2020 Stifel Upgrade a Buy rating and elevated its amount target to $352.

In the past 52 weeks of trading, this stock has oscillated between a low of $181.38 and a peak of $491.75. Right now, the middling Wall Street analyst 12-month amount mark is $420.00. At the most recent market close, shares of Lam Research Corporation [NASDAQ:LRCX] were valued at $497.04. According to the average price forecast, investors can expect a potential return of 1.37%.

FUNDAMENTAL ANALYSIS

Lam Research Corporation [NASDAQ:LRCX] most recently reported quarterly sales of 3.18 billion, which represented growth of 46.70%. This publicly-traded organization’s revenue is $888,552 per employee, while its income is $199,270 per employee. This company’s Gross Margin is currently 46.40%, its Operating Margin is 28.00%, its Pretax Margin is +25.65, and its Net Margin is +22.43. Continuing to look at profitability, this corporation’s Return on Assets, Equity, Whole Principal & invested Principal is sitting at 16.96, 45.74, 26.23 and 23.92 respectively.

If looking now at the Principal structure of this organization, it shows its whole liability to the whole Principal at 53.68 and the whole liability to whole assets at 41.18. It shows enduring liability to the whole principal at 45.72 and enduring liability to assets at 0.35 while looking for an extended time period.

Readers are usually of view to make a close observation to the indicators that support and make resistance before moving to any particular stock. As of now, the company’s stock is sitting at 478.28 points at 1st support level, the second support level is making up to 472.48. But as of 1st resistance point, this stock is sitting at 490.81 and at 497.54 for 2nd resistance point.

Lam Research Corporation [LRCX] reported its earnings at $5.67 per share in the fiscal quarter closing of 9/29/2020. The Analysts for Wall Street were expecting to report its earnings at $5.19/share signifying the difference of 0.48 and 9.20% surprise value. Comparing the previous quarter ending of 6/29/2020, the stated earnings were $4.78 calling estimates for $4.05/share with the difference of 0.73 depicting the surprise of 18.00%.

Important Ratio’s To Watch

Meanwhile, turning our focus to liquidity, the Current Ratio for Lam Research Corporation [NASDAQ:LRCX] is 3.30. Likewise, the Quick ratio is also the same, showing Cash ratio at 2.12. Now if looking for a valuation of this stock’s amount to sales ratio it’s 4.49, it’s amount to book ratio is 8.50 and showing 27.46 of P/E (TTM) ratio.

Insider Stories

The most recent insider trade was by Vahedi Vahid, Senior Vice President, and it was the sale of 2770.0 shares on Dec 01. Bettinger Douglas R, the Chief Financial Officer & EVP, completed a sale of 8184.0 shares on Nov 13. On Nov 09, ARCHER TIMOTHY, President and CEO, completed a sale of 14762.0 shares.