Lam Research Corp. (LRCX) – Don’t Believe the Hype: Check The Facts

Lam Research Corp. (NASDAQ: LRCX) is 10.35% higher on its value in year-to-date trading and has touched a low of $467.02 and a high of $900.09 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 $848.54 in the last trading session, with the day’s gains setting it 15.82%.

Currently trading at $864.36, the stock is 5.90% and 11.82% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.86 million and changing 1.86% at the moment leaves the stock 29.97% off its SMA200. LRCX registered 62.10% gain for a year compared to 6-month gain of 25.99%. The firm has a 50-day simple moving average (SMA 50) of $7.87 and a 200-day simple moving average (SMA200) of $25.24.

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The stock witnessed a 14.94% loss in the last 1 month and extending the period to 3 months gives it a 34.79%, and is 3.86% 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 3.02% over the week and 2.52% over the month.

Lam Research Corp. (LRCX) has around 17200 employees, a market worth around $113.32B and $14.32B in sales. Current P/E ratio is 33.42 and Fwd P/E is 24.27. Profit margin for the company is 24.15%. Distance from 52-week low is 85.08% and -3.97% from its 52-week high. The company has generated returns on investments over the last 12 months (26.19%).

Lam Research Corp. quarterly earnings per share for the current quarter are estimated at $7.26 with sales reaching $3.72B over the same period.The EPS is expected to shrink by -14.75% this year, but quarterly earnings will post -15.30% year-over-year.

2,128 institutions hold shares in Lam Research Corp. (LRCX), with institutional investors hold 89.86% of the company’s shares. The shares outstanding are 133.30M, and float is at 130.42M with Short Float at 2.15%. Institutions hold 89.62% of the Float.

The top institutional shareholder in the company is Vanguard Group Inc with over 11.73 million shares valued at $7.54 billion. The investor’s holdings represent 8.87% of the LRCX Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 11.18 million shares valued at $7.19 billion to account for 8.46% of the shares outstanding. The other top investors are State Street Corporation which holds 5.68 million shares representing 4.30% and valued at over $3.65 billion, while Ameriprise Financial, Inc. holds 3.97% of the shares totaling 5.24 million with a market value of $3.37 billion.

Lam Research Corp. (LRCX) Insider Activity

A total of 21 insider transactions have happened at Lam Research Corp. (LRCX) in the last six months, with sales accounting for 8 and purchases happening 13 times. The most recent transaction is an insider sale by Fernandes Neil J, the company’s Senior Vice President. SEC filings show that Fernandes Neil J sold 2,161 shares of the company’s common stock on Feb 01 at a price of $828.33 per share for a total of $1.79 million. Following the sale, the insider now owns 9908.0 shares.

Lam Research Corp. disclosed in a document filed with the SEC on Jan 03 that ARCHER TIMOTHY (President and CEO) sold a total of 10,524 shares of the company’s common stock. The trade occurred on Jan 03 and was made at $732.00 per share for $7.7 million. Following the transaction, the insider now directly holds 86449.0 shares of the LRCX stock.

Still, SEC filings show that on Jan 03, Hahn Ava (Chief Legal Officer & SVP) disposed off 2,342 shares at an average price of $732.00 for $1.71 million. The insider now directly holds 3,433 shares of Lam Research Corp. (LRCX).

Lam Research Corp. (LRCX): Who are the competitors?

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