At the time of writing, Lam Research Corp. [LRCX] stock is trading at $76.57, up 5.09%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The LRCX shares have gain 4.69% over the last week, with a monthly amount drifted -4.73%, 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.
For the past year, the stock price of Lam Research Corp. fluctuated between $57.44 and $113.00. Currently, Wall Street analysts expect the stock to reach $649.74 within the next 12 months. Lam Research Corp. [NASDAQ: LRCX] shares were valued at $76.57 at the most recent close of the market. An investor can expect a potential return of 748.56% based on the average LRCX price forecast.
Analyzing the LRCX fundamentals
According to Lam Research Corp. [NASDAQ:LRCX], the company’s sales were 15.59B for trailing twelve months, which represents an 19.70% jump. Gross Profit Margin for this corporation currently stands at 0.48% with Operating Profit Margin at 0.29%, Pretax Profit Margin comes in at 0.3%, and Net Profit Margin reading is 0.26%. To continue investigating profitability, this company’s Return on Assets is posted at 0.21, Equity is 0.49 and Total Capital is 0.32. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.59.
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 74.85 points at the first support level, and at 73.14 for the second support level. However, for the 1st resistance point, the stock is sitting at 77.88, and for the 2nd resistance point, it is at 79.20.
Ratios To Look Out For
It is important to note that Lam Research Corp. [NASDAQ:LRCX] has a current ratio of 2.53. As well, the Quick Ratio is 1.74, while the Cash Ratio is 1.14. Considering the valuation of this stock, the price to sales ratio is 6.37, the price to book ratio is 11.68 and price to earnings (TTM) ratio is 24.78.
Transactions by insiders
Recent insider trading involved Correia Christina, CVP, Chief Accounting Officer, that happened on Oct 01 ’24 when 647.0 shares were sold. Officer, Correia Christina completed a deal on Oct 01 ’24 to buy 647.0 shares. Meanwhile, Senior Vice President Fernandes Neil J sold 1620.0 shares on Jul 12 ’24.
