On Tuesday, Lam Research Corp. (NASDAQ: LRCX) was -4.20% drop from the session before settling in for the closing price of $892.34. A 52-week range for LRCX has been $574.42 – $1130.00.
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Technology Sector giant saw their annual sales surged by 17.17% over the last five years. When this article was written, the company’s average yearly earnings per share was at -12.54%. With a float of $130.13 million, this company’s outstanding shares have now reached $133.30 million.
The firm has a total of 17200 workers. Let’s measure their productivity.
Lam Research Corp. (LRCX) Insider Activity
Also, it is sometimes useful to examine the sentiment of large-scale investors toward Lam Research Corp. stocks. The insider ownership of Lam Research Corp. is 0.47%, while institutional ownership is 85.96%. The most recent insider transaction that took place on Jul 12 ’24, was worth 1,712,324. In this transaction Senior Vice President of this company sold 1,620 shares at a rate of $1056.99, taking the stock ownership to the 5,237 shares. Before that another transaction happened on Jul 01 ’24, when Company’s CVP , Chief Accounting Officer sold 647 for $1062.26, making the entire transaction worth $687,282. This insider now owns 4,914 shares in total.
Lam Research Corp. (LRCX) Earnings and Forecasts
According to the Wall Street analysts, stocks earnings will be around -12.54% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 11.03% during the next five years compared to 20.32% growth over the previous five years of trading.
Lam Research Corp. (NASDAQ: LRCX) Trading Performance Indicators
You can see what Lam Research Corp. (LRCX) is doing with its current performance indicators. In the most recent quarter, the stock posted a quick ratio of 1.84. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 7.85. Likewise, its price to free cash flow for the trailing twelve months is 24.63.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 27.20, a number that is poised to hit 7.58 in the next quarter and is forecasted to reach 36.45 in one year’s time.
Technical Analysis of Lam Research Corp. (LRCX)
Analysing the last 5-days average volume posted by the [Lam Research Corp., LRCX], we can find that recorded value of 1.32 million was better than the volume posted last year of 1.03 million. As of the previous 9 days, the stock’s Stochastic %D was 4.98%. Additionally, its Average True Range was 39.29.
During the past 100 days, Lam Research Corp.’s (LRCX) raw stochastic average was set at 0.49%, which indicates a significant increase from 0.49% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 60.77% in the past 14 days, which was higher than the 39.28% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $1,000.94, while its 200-day Moving Average is $865.55. Now, the first resistance to watch is $888.78. This is followed by the second major resistance level at $922.71. The third major resistance level sits at $940.34. If the price goes on to break the first support level at $837.22, it is likely to go to the next support level at $819.59. Should the price break the second support level, the third support level stands at $785.66.
Lam Research Corp. (NASDAQ: LRCX) Key Stats
There are 130,741K outstanding shares of the company, which has a market capitalization of 111.76 billion. As of now, sales total 17,429 M while income totals 4,511 M. Its latest quarter income was 3,794 M while its last quarter net income were 965,830 K.
