A share price of Lam Research Corp. [LRCX] is currently trading at $789.07, up 4.39%. An important factor to consider is whether the stock is rising or falling in short-term value. The LRCX shares have gain 5.52% over the last week, with a monthly amount drifted -8.55%, 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 August 01, 2024, when TD Cowen reiterated its Buy rating and also boosted its price target to $1050 from $1000. Previously, Jefferies started tracking the stock with Buy rating on May 13, 2024, and set its price target to $1100. On April 25, 2024, TD Cowen reiterated its Buy rating and revised its price target to $1000 on the stock. B. Riley Securities upgraded its rating to a Buy and increased its price target to $1100 on April 19, 2024. Needham reiterated its recommendation of a Buy and raised its price target to $1030 on April 18, 2024. Evercore ISI started tracking with a Outperform rating for this stock on April 16, 2024, and assigned it a price target of $1200.
Lam Research Corp. experienced fluctuations in its stock price throughout the past year between $574.42 and $1130.00. Currently, Wall Street analysts expect the stock to reach $832.05 within the next 12 months. Lam Research Corp. [NASDAQ: LRCX] shares were valued at $789.07 at the most recent close of the market. An investor can expect a potential return of 5.45% based on the average LRCX price forecast.
Analyzing the LRCX fundamentals
Trailing Twelve Months sales for Lam Research Corp. [NASDAQ:LRCX] were 14.91B which represents 20.71% growth. Gross Profit Margin for this corporation currently stands at 0.47% with Operating Profit Margin at 0.29%, Pretax Profit Margin comes in at 0.29%, and Net Profit Margin reading is 0.26%. To continue investigating profitability, this company’s Return on Assets is posted at 0.2, Equity is 0.47 and Total Capital is 0.3. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.58.
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 781.24 points at the first support level, and at 773.40 for the second support level. However, for the 1st resistance point, the stock is sitting at 798.78, and for the 2nd resistance point, it is at 808.48.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Lam Research Corp. [NASDAQ:LRCX] is 2.97. On the other hand, the Quick Ratio is 2.00, and the Cash Ratio is 1.35. Considering the valuation of this stock, the price to sales ratio is 6.88, the price to book ratio is 12.05 and price to earnings (TTM) ratio is 27.20.
Transactions by insiders
Recent insider trading involved Fernandes Neil J, Senior Vice President, that happened on Jul 12 ’24 when 1620.0 shares were sold. President and CEO, ARCHER TIMOTHY completed a deal on Jun 28 ’24 to sell 9650.0 shares. Meanwhile, President and CEO ARCHER TIMOTHY sold 5604.0 shares on Jun 28 ’24.
