At the time of writing, Lam Research Corp. [LRCX] stock is trading at $983.48, up 2.27%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The LRCX shares have gain 3.35% over the last week, with a monthly amount glided 3.43%, and seem to be holding up well over a long-time horizon.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
On 3, April 2024, Lam Research Corporation Announces March 2024 Quarter Financial Conference Call. In a post published today on Yahoo Finance, Lam Research Corp. (NASDAQ: LRCX) today announced that the company will host its quarterly financial conference call and webcast on Wednesday, April 24, 2024, beginning at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time).
From an analyst’s perspective:
Previously, TD Cowen reaffirmed its Outperform rating on January 25, 2024, and elevated its price target to $975. On January 23, 2024, Cantor Fitzgerald initiated with a Neutral rating and assigned a price target of $830 on the stock. Deutsche Bank downgraded its rating to a Hold and increased its price target to $725 on December 12, 2023. Morgan Stanley downgraded its rating to a Equal-Weight but $720 remained the price target by the analyst firm on December 08, 2023. Redburn Atlantic started tracking with a Buy rating for this stock on November 22, 2023, and assigned it a price target of $800. In a note dated October 17, 2023, Raymond James initiated an Outperform rating and provided a target price of $725 on this stock.
For the past year, the stock price of Lam Research Corp. fluctuated between $482.74 and $1007.39. Currently, Wall Street analysts expect the stock to reach $718.27 within the next 12 months. Lam Research Corp. [NASDAQ: LRCX] shares were valued at $983.48 at the most recent close of the market. An investor can expect a potential drop of -26.97% based on the average LRCX price forecast.
Analyzing the LRCX fundamentals
According to Lam Research Corp. [NASDAQ:LRCX], the company’s sales were 14.32B for trailing twelve months, which represents an -28.79% plunge. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.61.
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 967.71 points at the first support level, and at 951.94 for the second support level. However, for the 1st resistance point, the stock is sitting at 992.22, and for the 2nd resistance point, it is at 1,000.95.
Lam Research Corp. [LRCX] reported earnings per share of $7.52 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $7.1/share, meaning a difference of $0.42 and a surprise factor of 5.90%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $6.85 per share as compared to estimates of $6.12 per share, a difference of $0.73 representing a surprise of 11.90%.
Ratios To Look Out For
It is important to note that Lam Research Corp. [NASDAQ:LRCX] has a current ratio of 3.06. Also, the Quick Ratio is 2.02, while the Cash Ratio stands at 1.32. Considering the valuation of this stock, the price to sales ratio is 9.01, the price to book ratio is 15.70 and price to earnings (TTM) ratio is 38.02.
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.
