A share price of Lam Research Corp [LRCX] is currently trading at $77.81, down -0.03%. 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 3.57% over the last week, with a monthly amount glided 11.08%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, TD Cowen reaffirmed its Buy rating on August 01, 2024, and elevated its price target to $1050. On May 13, 2024, Jefferies initiated with a Buy rating and assigned a price target of $1100 on the stock. TD Cowen reiterated its Buy rating and increased its price target to $1000 on April 25, 2024. B. Riley Securities upgraded its rating to a Buy and raised its price target to $1100 on April 19, 2024. Needham reiterated a Buy rating for this stock on April 18, 2024, and upped its price target to $1030. In a note dated April 16, 2024, Evercore ISI initiated an Outperform rating and provided a target price of $1200 on this stock.
Lam Research Corp experienced fluctuations in its stock price throughout the past year between $68.87 and $113.00. Currently, Wall Street analysts expect the stock to reach $96 within the next 12 months. Lam Research Corp [NASDAQ: LRCX] shares were valued at $77.81 at the most recent close of the market. An investor can expect a potential return of 23.38% based on the average LRCX price forecast.
Analyzing the LRCX fundamentals
Trailing Twelve Months sales for Lam Research Corp [NASDAQ:LRCX] were 15.59B which represents 19.70% growth. 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 77.24 points at the first support level, and at 76.67 for the second support level. However, for the 1st resistance point, the stock is sitting at 78.56, and for the 2nd resistance point, it is at 79.31.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Lam Research Corp [NASDAQ:LRCX] is 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 6.42, the price to book ratio is 11.87 and price to earnings (TTM) ratio is 25.18.
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.
