Lam Research Corp. (NASDAQ:LRCX) price on current trading day, fall -0.25% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $81.21.
A look at the stock’s price movement, the level at last check in today’s session was $81.41, moving within a range at $79.88 and $82.121. The beta value (5-Year monthly) was 1.481 while the PE ratio in trailing twelve months stood at 28.00. Turning to its 52-week performance, $113.00 and $57.44 were the 52-week high and 52-week low respectively. Overall, LRCX moved 6.23% over the past month.
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Lam Research Corp.’s market cap currently stands at around $105.25 billion, with investors looking forward to this quarter’s earnings report slated for on 2024-Oct-23. The company has a Forward Dividend ratio of 0.83, with its dividend yield at 1.02%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Turning to the stock’s technical picture we see that short term indicators suggest on average that LRCX is a 50% Sell. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 50% Sell category.
15 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 5 analyst(s) rate the stock as a Hold, 10 recommend LRCX as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
The technical evaluation for the stock shows the PEG ratio is 2.54, with LRCX’s current price about 4.35% and 0.10% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 52.10, while 7-day volatility ratio is 4.05% and 3.27% in the 30-day chart. Further, Lam Research Corp. (LRCX) has a beta value of 1.47, and an average true range (ATR) of 3.08. Analysts have given the company’s stock an average 52-week price target of $820, forecast between a low of $543 and high of $1150. Looking at the price targets, the low is -568.64% off recent price level in today’s trading while to achieve the yearly target high, it has to move -1316.08%. Nonetheless, investors will most likely welcome a -909.73% jump to $820 which is the analysts’ median price.
If we refocus on Lam Research Corp. (NASDAQ:LRCX), historical trading data shows that trading volumes averaged 14.67 over the past 10 days and 12.91 million over the past 3 months. The company’s latest data on shares outstanding shows there are 1.30 billion shares.
The 0.41% of Lam Research Corp.’s shares are in the hands of company insiders while institutional holders own 86.11% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 22.04 million on 2024-09-13, giving us a short ratio of 1.83. The data shows that as of 2024-09-13 short interest in Lam Research Corp. (LRCX) stood at 170.00000000000003 of shares outstanding, with shares short falling to 23.96 million registered in 2024-08-15. Current price change has pushed the stock 3.68% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the LRCX stock continues to rise going into the next quarter.
