Lam Research Corporation (LRCX) Volatility At 2.19%, Should You Add A Position?

Lam Research Corporation (NASDAQ: LRCX) is 43.25% higher on its value in year-to-date trading and has touched a low of $299.59 and a high of $600.29 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The LRCX stock was last observed hovering at around $565.87 in the last trading session, with the day’s gains setting it 36.23% off its average median price target of $545.00 for the next 12 months. It is also -0.35% off the consensus price target high of $600.00 offered by 26 analysts, but current levels are -26.76% lower than the price target low of $475.00 for the same period.

Currently trading at $602.10, the stock is 10.81% and 15.58% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.05 million and changing 6.40% at the moment leaves the stock 29.62% off its SMA200. LRCX registered 27.84% gain for a year compared to 6-month gain of 32.15%. The firm has a 50-day simple moving average (SMA 50) of $3.63 and a 200-day simple moving average (SMA200) of $11.16.

The stock witnessed a 21.05% loss in the last 1 month and extending the period to 3 months gives it a 25.80%, and is 0.56% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.19% over the week and 2.61% over the month.

Lam Research Corporation (LRCX) has around 17700 employees, a market worth around $82.24B and $18.86B in sales. Current P/E ratio is 16.76 and Fwd P/E is 23.31. Profit margin for the company is 26.10%. Distance from 52-week low is 100.97% and 0.30% from its 52-week high. The company has generated returns on investments over the last 12 months (42.50%).

Lam Research Corporation (LRCX) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Lam Research Corporation (LRCX) is a “Overweight”. 26 analysts offering their recommendations for the stock have an average rating of 2.30, where 11 rate it as a Hold and 2 think it is a “Overweight”. 13 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

Lam Research Corporation is expected to release its quarterly report on 07/26/2023.The EPS is expected to grow by 21.80% this year

Lam Research Corporation (LRCX) Top Institutional Holders

The shares outstanding are 134.92M, and float is at 133.88M with Short Float at 2.13%.

Lam Research Corporation (LRCX) Insider Activity

A total of 62 insider transactions have happened at Lam Research Corporation (LRCX) in the last six months, with sales accounting for 43 and purchases happening 19 times. The most recent transaction is an insider sale by TALWALKAR ABHIJIT Y, the company’s Director. SEC filings show that TALWALKAR ABHIJIT Y sold 881 shares of the company’s common stock on Apr 03 at a price of $524.09 per share for a total of $0.46 million. Following the sale, the insider now owns 13881.0 shares.

Lam Research Corporation disclosed in a document filed with the SEC on Mar 03 that Hahn Ava (Chief Legal Officer & SVP) sold a total of 3,206 shares of the company’s common stock. The trade occurred on Mar 03 and was made at $488.92 per share for $1.57 million. Following the transaction, the insider now directly holds 3433.0 shares of the LRCX stock.

Still, SEC filings show that on Mar 02, Hahn Ava (Chief Legal Officer & SVP) disposed off 487 shares at an average price of $479.00 for $0.23 million. The insider now directly holds 6,639 shares of Lam Research Corporation (LRCX).

Lam Research Corporation (LRCX): Who are the competitors?

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