While Lam Research Corp has underperformed by -0.59%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, LRCX rose by 5.84%, with highs and lows ranging from $113.00 to $68.87, whereas the simple moving average fell by -10.12% in the last 200 days.
On December 17, 2024, Cleveland Research started tracking Lam Research Corp (NASDAQ: LRCX) recommending Neutral. A report published by TD Cowen on August 01, 2024, Reiterated its previous ‘Buy’ rating for LRCX. Jefferies also rated LRCX shares as ‘Buy’, setting a target price of $1100 on the company’s shares in an initiating report dated May 13, 2024. TD Cowen Reiterated the rating as Buy on April 25, 2024, but set its price target from $975 to $1000. B. Riley Securities April 19, 2024d its ‘Neutral’ rating to ‘Buy’ for LRCX, as published in its report on April 19, 2024. Needham’s report from April 18, 2024 suggests a price prediction of $1030 for LRCX shares, giving the stock a ‘Buy’ rating. Evercore ISI also rated the stock as ‘Outperform’.
Analysis of Lam Research Corp (LRCX)
Investors in Lam Research Corp will get a return regardless of how the company performs over the next quarter since the company’s dividend stands at $6.53 per share. Further, the quarter-over-quarter increase in sales is 19.70%, showing a positive trend in the upcoming months.
One of the most important indicators of Lam Research Corp’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of 49.12% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.74, 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 also provide valuable insight into volatility, and LRCX is recording 11.97M average volume. On a monthly basis, the volatility of the stock is set at 3.20%, whereas on a weekly basis, it is put at 3.25%, with a gain of 7.44% over the past seven days. Furthermore, long-term investors anticipate a median target price of $93.98, showing growth from the present price of $77.52, 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?
The Semiconductor Equipment & Materials market is dominated by Lam Research Corp (LRCX) 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 25.08, there is a growth in quarterly earnings of 28.47%.
Along with the fundamentals, it is also important to consider how many employees own shares of 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 0.42%. 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 78.50% 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 78.50% at present.
