While Lam Research Corp. has overperformed by 4.39%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, LRCX rose by 26.22%, with highs and lows ranging from $1130.00 to $574.42, whereas the simple moving average fell by -11.49% in the last 200 days.
On August 01, 2024, TD Cowen Reiterated Lam Research Corp. (NASDAQ: LRCX) to Buy. A report published by Jefferies on May 13, 2024, Initiated its previous ‘Buy’ rating for LRCX. TD Cowen also reiterated LRCX shares as ‘Buy’, quoting a target price of $1000 on the company’s shares in a report dated April 25, 2024. B. Riley Securities April 19, 2024d the rating to Buy on April 19, 2024, and set its price target from $870 to $1100. Needham resumed its ‘Buy’ rating for LRCX, as published in its report on April 18, 2024. Evercore ISI’s report from April 16, 2024 suggests a price prediction of $1200 for LRCX shares, giving the stock a ‘Outperform’ rating. Deutsche Bank also rated the stock as ‘Hold’.
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Analysis of Lam Research Corp. (LRCX)
It’s important to note that LRCX shareholders are currently getting $8.30 per share in dividends, so investors will receive a return regardless of how the company performs. Further, the quarter-over-quarter increase in sales is 20.71%, showing a positive trend in the upcoming months.
Lam Research Corp.’s future performance can be predicted by a variety of well-rounded types of analysis and research, with equity being one of the most crucial ones. The goal here is to ensure that your current return on equity of 45.71% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 2.00, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
For any stock, average volume can be an extremely valuable indicator of volatility, and LRCX is registering an average volume of 1.22M. On a monthly basis, the volatility of the stock is set at 3.45%, whereas on a weekly basis, it is put at 2.59%, with a gain of 5.52% over the past seven days. Furthermore, long-term investors anticipate a median target price of $1032.77, showing growth from the present price of $789.07, which can serve as yet another indication of whether LRCX is worth investing in or should be passed over.
How Do You Analyze Lam Research Corp. Shares?
A giant in the Semiconductor Equipment & Materials market, Lam Research Corp. (LRCX) is based in the USA. When comparing Lam Research Corp. shares with other companies under Technology, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 27.20, there is a growth in quarterly earnings of 30.31%.
Besides checking the fundamentals, you should also know how many employees own shares in the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 0.47%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 85.85% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
LRCX shares are owned by institutional investors to the tune of 85.85% at present.
