Lam Research Corp. (NASDAQ: LRCX) on Friday, soared 1.45% from the previous trading day, before settling in for the closing price of $76.57. Within the past 52 weeks, LRCX’s price has moved between $57.44 and $113.00.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Technology sector was 10.85%. The company achieved an average annual earnings per share of 17.12%. With a float of $1.29 billion, this company’s outstanding shares have now reached $1.30 billion.
Considering the fact that the conglomerate employs 17450 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is 47.62%, operating margin of 29.15%, and the pretax margin is 29.69%.
Lam Research Corp. (LRCX) Breakdown of a Key Holders of the stock
Observing investor behavior towards Semiconductor Equipment & Materials industry stocks is more important than anything else. The insider ownership of Lam Research Corp. is 0.41%, while institutional ownership is 85.75%. The most recent insider transaction that took place on Oct 01 ’24, was worth 528,929. In this transaction CVP , Chief Accounting Officer of this company sold 647 shares at a rate of $817.51, taking the stock ownership to the 4,267 shares. Before that another transaction happened on Oct 01 ’24, when Company’s Officer proposed sale 647 for $817.51, making the entire transaction worth $528,929.
Lam Research Corp. (LRCX) Recent Fiscal highlights
As on 9/30/2024, Multinational firm has announced its last quarter scores, in which it reported 0.75 earnings per share (EPS) for the period topping the consensus outlook (set at 0.71) by 0.04. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.89 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 17.12% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 17.19% during the next five years compared to 16.17% growth over the previous five years of trading.
Lam Research Corp. (NASDAQ: LRCX) Trading Performance Indicators
Lam Research Corp. (LRCX) is currently performing well based on its current performance indicators. A quick ratio of 1.74 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 6.46. Likewise, its price to free cash flow for the trailing twelve months is 20.80.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 3.09, a number that is poised to hit 0.88 in the next quarter and is forecasted to reach 4.20 in one year’s time.
Technical Analysis of Lam Research Corp. (LRCX)
Compared to the last year’s volume of 11.29 million, its volume of 16.81 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 28.24%. Additionally, its Average True Range was 3.07.
During the past 100 days, Lam Research Corp.’s (LRCX) raw stochastic average was set at 15.03%, which indicates a significant decrease from 41.31% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 58.17% in the past 14 days, which was higher than the 53.13% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $79.20, while its 200-day Moving Average is $89.70. Nevertheless, the first resistance level for the watch stands at $79.16 in the near term. At $80.64, the stock is likely to face the second major resistance level. The third major resistance level sits at $81.68. If the price goes on to break the first support level at $76.64, it is likely to go to the next support level at $75.60. Now, if the price goes above the second support level, the third support stands at $74.12.
Lam Research Corp. (NASDAQ: LRCX) Key Stats
Market capitalization of the company is 100.68 billion based on 1,307,410K outstanding shares. Right now, sales total 14,905 M and income totals 3,828 M. The company made 4,168 M in profit during its latest quarter, and 1,116 M in sales during its previous quarter.
