Looking To Buy Lam Research Corporation (LRCX)? Read This First

Lam Research Corporation (NASDAQ:LRCX) saw a downside of -1.02% to close Tuesday at $546.78 after subtracting -$5.66 on the day. The 5-day average trading volume is 1,136,080 shares of the company’s common stock. It has gained $564.14 in the past week. An average of 1,293,590 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,268,154.

LRCX’s 1-month performance is -10.18% or -$51.33 on its low of $542.28 reached on 10/12/21. The company’s shares have touched a 52-week low of $333.31 and high of $673.80, with the stock’s rally to the 52-week high happening on 06/01/21. YTD, LRCX has achieved 15.78% or $74.51. However, the current price is down -18.85%% from the 52-week high price.


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Insider Transactions

On Sep 15, 28 days have gone by since the last insider trading activity for Lam Research Corporation (LRCX). Meikle Scott Gerald (Senior Vice President) most recently sold 500 shares at $603.79 per share on Sep 15. This transaction cost the insider $301,895. President and CEO, ARCHER TIMOTHY, sold 4,464 shares at a price of $600.00 on Aug 27. Then, on Jun 15, Senior Vice President Meikle Scott Gerald sold 500 shares at a price of $646.92 per share. This transaction amounted to $323,460.

Valuation Metrics

The company’s PE ratio for the last five years has touched a high of 29.70 and a low of 7.793. LRCX stock has a beta of 1.27. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 5.32 while the price-to-book (PB) in the most recent quarter is 12.94, with the price to cash flow ratio at 30.96.

Lam Research Corporation pays an annual dividend of $6.00 per share. Its dividend yield is 1.10% and the payout ratio is 18.50%. LRCX’s most recent quarterly dividend payment was made on Oct. 13, when it paid $1.50 a share compared with prior rate of $1.30, up 13.33% from last year’s. The company has boosted its dividend for the last 1 consecutive years with the latest dividend increase of $0.20 reported on Thursday August 26 2021. Measured over the last 3 years, the Dividend has been growing by 164.86% yearly.

It is projected that Lam Research Corporation’s next ex-dividend date will be on 10-Dec. LRCX is expected to distribute $1.50 as its next dividend.

Lam Research Corporation’s quick ratio for the period ended June 29 was 2.50, with the current ratio over the same period at 3.30 meaning that LRCX stock is able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.83, while the total debt to equity was 0.83. In terms of profitability, the gross margin trailing 12 months is 46.50%. The trailing 12-month EBITDA margin is 32.69% while for the period ending June 29; Lam Research Corporation’s operating margin was 30.60%. The firm’s gross profit as reported stood at $6.81 billion against revenue of $14.63 billion.

Earnings Surprise

For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 32.65% to $4.15 billion, while revenue of $3.85 billion was 7.18% off the previous quarter. Analysts expected LRCX to announce $7.55 per share in earnings in its latest quarter, but it posted $8.09, representing a 7.20% surprise. EBITDA for the quarter stood at more than $1.39 billion. LRCX stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 9.86 billion, with total debt at $5.17 billion. Shareholders hold equity totaling $141.95 million

Technical Picture

Let’s look briefly at Lam Research Corporation (LRCX) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 12 October was 30.94% to suggest the stock is trending Neutral, with historical volatility in this time period at 20.40%.

The stock’s 5-day moving average is $551.39, reflecting a -1.64% or -$9.12 change from its current price. LRCX is currently trading -9.40% above its 20-day SMA, -12.76% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -14.81% and +13.83% respectively.

Stochastic %K and %D was 7.47% and 9.28% and the average true range (ATR) pointed at 15.65. The RSI (14) points at 34.96%, while the 14-day stochastic is at 5.65% with the period’s ATR at 16.20. The stock’s 9-day MACD Oscillator is pointing at -5.97 and -21.42 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Lam Research Corporation (NASDAQ: LRCX), Susquehanna downgraded it to a Neutral rating. They previously had a Positive rating on the stock. Analysts offering their rating for LRCX stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate LRCX as a “sell,”, while 9 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 2 rates the stock as overweight while 14 have offered a “buy” rating.

What is LRCX’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $640.00 and a high of $815.00, with their median price target at $725.50. Looking at these predictions, the average price target given by analysts is for Lam Research Corporation (LRCX) stock is $733.75.

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