As of Thursday close, Lam Research Corporation’s (NASDAQ:LRCX) stock was down -$8.47, moving down -1.37 percent to $610.39. The average number of shares traded per day over the past five days has been 1,506,560 shares. 1 time new highs have been achieved over the past 5 days, with a -$46.04 fall in that time frame. In the last twenty days, the average volume was 1,079,665, while in the previous 50 days, it was 1,143,538.
Since last month, LRCX stock retreated -8.46%. Shares of the company fell to $608.99 on 09/21/23, the lowest level in the past month. A 52-week high of $726.53 was reached on 07/31/23 after having rallying from a 52-week low of $299.59. Since the beginning of this year, LRCX’s stock price has risen by 45.23% or $190.09, and marked a new high 23 times. However, the stock has declined by -15.98% since its 52-week high.
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LRCX stock investors should be aware that Lam Research Corporation (LRCX) stock had its last reported insider trading activity 46 days ago on Aug 07. Bettinger Douglas R, the Chief Financial Officer & EVP of the company, disposed of 1,894 shares for $705.86 on Aug 07. It resulted in a $1,336,899 divestment by the insider. Vahedi Vahid sold 13,756 shares at an average price of $717.46 on Aug 01. The insider now owns 26,483 shares following the transaction. On Aug 01, CVP, Chief Accounting Officer Corrreia Christina sold 1,627 shares at $708.85 apiece. The transaction was valued at $1,153,299.
Valuation Metrics
Right now, Lam Research Corporation (LRCX) has a P/E ratio of about 18.41. The stock’s beta is 1.51. Besides these, the trailing price-to-sales (P/S) ratio of 4.89, the price-to-book (PB) ratio of 9.97, and the price-to-cash flow ratio of 18.22 may also be considered.
The latest dividend of $0.2750 per share was paid out, which is -84.06% less than last year’s $1.7250. On Wednesday August 23 2023, a $1.45 dividend decrease was announced.
Financial Health
In the recent quarter, Lam Research Corporation’s quick ratio stood at 2.00, while its current ratio was 3.20, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the recent quarter was 0.61, and the total debt-to-equity ratio was 0.61. On the profitability front, the trailing twelve-month gross margin is 45.10% percent. In the recent year, EBITDA margin amounted to 32.35%, whereas operating margins totaled 29.70%. Based on annual data, LRCX earned $7.78 billion in gross profit and brought in $17.43 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 34.60%. Return on equity (ROE) for the past 12 months was 55.80%.
According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. LRCX’s revenue fell -44.56% to $3.87 billion during the quarter, while net income inched up to $3.21 billion. During the quarter, the company generated $944.21 million in EBITDA. The liabilities of Lam Research Corporation were 10.57 billion at the end of its most recent quarter, and its total debt was $5.25 billion. The value of shareholders’ equity is $132.51 million.
Technical Picture
This quick technical analysis looks at Lam Research Corporation’s (LRCX) price momentum. With a historical volatility rate of 28.67%, the RSI 9-day stood at 26.39% on 21 September.
With respect to its five-day moving average, the current Lam Research Corporation price is down by -7.01% percent or -$46.04. At present, LRCX shares trade -9.98% below its 20-day simple moving average and +16.47% percent above its 100-day simple moving average. However, the stock is currently trading approximately -1.96% below its SMA50 and +33.37% above its SMA200.
Stochastic coefficient K was 3.62% and Stochastic coefficient D was 7.98%, while ATR was 18.44. Given the Stochastic reading of 1.36% for the 14-day period, the RSI (14) reading has been calculated as 33.27%. As of today, the MACD Oscillator reading stands at -20.16, while the 14-day reading stands at -38.24.
Analyst Ratings
Wolfe Research launched its rating on Lam Research Corporation (NASDAQ: LRCX) to an Outperform in a note to investors on September 15, 2023. Lam Research Corporation (LRCX) has been rated Overweight by analysts. According to 0 brokerage firms, LRCX is a sell, and 12 firms recommend it is a Hold. There are 1 analyst who say the stock is underweight. A total of 0 analysts rate Lam Research Corporation stock as buy, with 15 recommending it as overweight.
With a median target price of $720.00, the current consensus forecast for the stock is $545.00 – $825.00. Based on these forecasts, analysts predict Lam Research Corporation (LRCX) will achieve an average price target of $702.00.
