A share price of Lam Research Corp. [LRCX] is currently trading at $951.63, down -2.73%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The LRCX shares have lost -1.45% over the last week, with a monthly amount drifted -1.19%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Lam Research Corp. [NASDAQ: LRCX] stock has seen the most recent analyst activity on January 25, 2024, when TD Cowen reiterated its Outperform rating and also boosted its price target to $975 from $710. Previously, Cantor Fitzgerald started tracking the stock with Neutral rating on January 23, 2024, and set its price target to $830. On December 12, 2023, downgrade downgraded it’s rating to Hold and revised its price target to $725 on the stock. Morgan Stanley downgraded its rating to a Equal-Weight but stick to its price target of $720 on December 08, 2023. Redburn Atlantic initiated its recommendation with a Buy and recommended $800 as its price target on November 22, 2023. Raymond James started tracking with a Outperform rating for this stock on October 17, 2023, and assigned it a price target of $725. In a note dated October 13, 2023, Needham upgraded an Buy rating on this stock but restated the target price of $800.
Lam Research Corp. experienced fluctuations in its stock price throughout the past year between $480.45 and $1007.39. Currently, Wall Street analysts expect the stock to reach $669.18 within the next 12 months. Lam Research Corp. [NASDAQ: LRCX] shares were valued at $951.63 at the most recent close of the market. An investor can expect a potential drop of -29.68% based on the average LRCX price forecast.
Analyzing the LRCX fundamentals
Trailing Twelve Months sales for Lam Research Corp. [NASDAQ:LRCX] were 14.32B which represents -28.79% decline. Gross Profit Margin for this corporation currently stands at 0.45% with Operating Profit Margin at 0.27%, Pretax Profit Margin comes in at 0.27%, and Net Profit Margin reading is 0.24%. To continue investigating profitability, this company’s Return on Assets is posted at 0.18, Equity is 0.42 and Total Capital is 0.27. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.61.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 929.81 points at the first support level, and at 907.98 for the second support level. However, for the 1st resistance point, the stock is sitting at 987.65, and for the 2nd resistance point, it is at 1,023.66.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Lam Research Corp. [NASDAQ:LRCX] is 3.06. Further, the Quick Ratio stands at 2.02, while the Cash Ratio is 1.32. Considering the valuation of this stock, the price to sales ratio is 8.71, the price to book ratio is 15.19 and price to earnings (TTM) ratio is 36.79.
Transactions by insiders
Recent insider trading involved TALWALKAR ABHIJIT Y, Director, that happened on Apr 01 ’24 when 882.0 shares were sold. CVP, Chief Accounting Officer, Corrreia Christina completed a deal on Apr 01 ’24 to sell 647.0 shares. Meanwhile, Senior Vice President Varadarajan Seshasayee sold 5500.0 shares on Mar 19 ’24.
