At the time of writing, Lam Research Corp [LRCX] stock is trading at $79.22, up 4.03%. 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 2.83% over the last week, with a monthly amount glided 3.88%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Lam Research Corp [NASDAQ: LRCX] stock has seen the most recent analyst activity on January 15, 2025, when Wolfe Research downgraded its rating to a Peer Perform. On August 01, 2024, TD Cowen reiterated its Buy rating and revised its price target to $1050 on the stock. Jefferies started tracking the stock assigning a Buy rating and suggested a price target of $1100 on May 13, 2024. TD Cowen reiterated its recommendation of a Buy and raised its price target to $1000 on April 25, 2024. B. Riley Securities upgraded its rating to Buy for this stock on April 19, 2024, and upped its price target to $1100. In a note dated April 18, 2024, Needham reiterated an Buy rating on this stock and boosted its target price from $900 to $1030.
For the past year, the stock price of Lam Research Corp fluctuated between $68.87 and $113.00. Currently, Wall Street analysts expect the stock to reach $95.29 within the next 12 months. Lam Research Corp [NASDAQ: LRCX] shares were valued at $79.22 at the most recent close of the market. An investor can expect a potential return of 20.29% 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.59.
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 77.41 points at the first support level, and at 75.60 for the second support level. However, for the 1st resistance point, the stock is sitting at 81.93, and for the 2nd resistance point, it is at 84.64.
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 6.54, the price to book ratio is 12.08 and price to earnings (TTM) ratio is 25.63.
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.
