Lam Research Corp. (NASDAQ: LRCX) is 3.43% higher on its value in year-to-date trading and has touched a low of $57.44 and a high of $113.00 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 $80.61 in the last trading session, with the day’s gains setting it 0.4%.
Currently trading at $81.01, the stock is 2.22% and 0.70% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 6.91 million and changing 0.50% at the moment leaves the stock -9.64% off its SMA200. LRCX registered 28.97% gain for a year compared to 6-month loss of -16.77%. The firm has a 50-day simple moving average (SMA 50) of $80.44634 and a 200-day simple moving average (SMA200) of $89.651596.
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The stock witnessed a 10.32% gain in the last 1 month and extending the period to 3 months gives it a -28.14%, and is 1.60% 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 2.76% over the week and 3.11% over the month.
Lam Research Corp. (LRCX) has around 17450 employees, a market worth around $105.00B and $14.91B in sales. Current P/E ratio is 27.93 and Fwd P/E is 18.25. Profit margin for the company is 25.68%. Distance from 52-week low is 41.03% and -28.31% from its 52-week high. The company has generated returns on investments over the last 12 months (28.91%).
with sales reaching $4.05B over the same period.The EPS is expected to grow by 16.96% this year, but quarterly earnings will post 16.80% year-over-year.
Lam Research Corp. (LRCX) Top Institutional Holders
2428.0 institutions hold shares in Lam Research Corp. (LRCX), with institutional investors hold 8.91% of the company’s shares. The shares outstanding are 1.30B, and float is at 1.29B with Short Float at 1.71%. Institutions hold 8.91% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 12.93 million shares valued at $13.77 billion. The investor’s holdings represent 9.8823% of the LRCX Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 12.05 million shares valued at $12.83 billion to account for 9.2102 of the shares outstanding. The other top investors are STATE STREET CORP which holds 5.79 million shares representing 4.4273% and valued at over $6.18 billion, while JPMORGAN CHASE & CO holds 3.3374 of the shares totaling 4.37 million with a market value of $4.65 billion.
Lam Research Corp. (LRCX) Insider Activity
The most recent transaction is an insider sale by Correia Christina, the company’s CVP, Chief Accounting Officer. SEC filings show that Correia Christina sold 647 shares of the company’s common stock on Oct 01 ’24 at a price of $817.51 per share for a total of $0.53 million. Following the sale, the insider now owns 4267.0 shares.
Still, SEC filings show that on Jul 12 ’24, Fernandes Neil J (Senior Vice President) disposed off 1,620 shares at an average price of $1056.99 for $1.71 million. The insider now directly holds 5,237 shares of Lam Research Corp. (LRCX).
