Lam Research Corp [LRCX] stock prices are up 6.27% to $78.51 at the moment. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The LRCX shares have gain 8.08% over the last week, with a monthly amount glided 5.60%, and 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.
The stock price of Lam Research Corp [LRCX] has been fluctuating between $68.72 and $113.00 over the past year. Currently, Wall Street analysts expect the stock to reach $83.05 within the next 12 months. Lam Research Corp [NASDAQ: LRCX] shares were valued at $78.51 at the most recent close of the market. An investor can expect a potential return of 5.78% based on the average LRCX price forecast.
Analyzing the LRCX fundamentals
The Lam Research Corp [NASDAQ:LRCX] reported sales of 15.59B for trailing twelve months, representing a surge of 19.70%. 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 75.29 points at the first support level, and at 72.07 for the second support level. However, for the 1st resistance point, the stock is sitting at 80.29, and for the 2nd resistance point, it is at 82.07.
Ratios To Look Out For
It’s worth pointing out that Lam Research Corp [NASDAQ:LRCX]’s Current Ratio is 2.53. In addition, the Quick Ratio stands at 1.74 and the Cash Ratio stands at 1.14. Considering the valuation of this stock, the price to sales ratio is 6.69, the price to book ratio is 11.97 and price to earnings (TTM) ratio is 25.40.
Transactions by insiders
Recent insider trading involved Mayer Bethany, Director, that happened on Nov 01 ’24 when 1660.0 shares were sold. Director, Mayer Bethany completed a deal on Nov 01 ’24 to buy 1660.0 shares. Meanwhile, CVP, Chief Accounting Officer Correia Christina sold 647.0 shares on Oct 01 ’24.
