Let’s look at the key reasons that are pushing Lam Research Corp (LRCX) to new highs

Lam Research Corp (NASDAQ: LRCX) on Monday, soared 0.74% from the previous trading day, before settling in for the closing price of $70.05. Within the past 52 weeks, LRCX’s price has moved between $68.72 and $113.00.

During the last 5-year period, the sales growth of Technology Sector giant was 10.85%. The company achieved an average annual earnings per share of 17.45%. With a float of $1.28 billion, this company’s outstanding shares have now reached $1.30 billion.

Let’s determine the extent of company efficiency that accounts for 17450 employees. 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 0.42%, while institutional ownership is 78.81%. The most recent insider transaction that took place on Nov 01 ’24, was worth 124,757. In this transaction Director of this company sold 1,660 shares at a rate of $75.16, taking the stock ownership to the 28,930 shares. Before that another transaction happened on Nov 01 ’24, when Company’s Director proposed sale 1,660 for $75.16, making the entire transaction worth $124,757.

Lam Research Corp (LRCX) Recent Fiscal highlights

According to the Wall Street analysts, stocks earnings will be around 17.45% 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 5.45. Likewise, its price to free cash flow for the trailing twelve months is 17.57.

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 4.21 in one year’s time.

Technical Analysis of Lam Research Corp (LRCX)

Looking closely at Lam Research Corp (NASDAQ: LRCX), its last 5-days average volume was 11.48 million, which is a jump from its year-to-date volume of 11.26 million. As of the previous 9 days, the stock’s Stochastic %D was 10.56%. Additionally, its Average True Range was 2.65.

During the past 100 days, Lam Research Corp’s (LRCX) raw stochastic average was set at 2.16%, which indicates a significant decrease from 9.51% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 38.99% in the past 14 days, which was lower than the 53.31% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $77.33, while its 200-day Moving Average is $89.21. However, in the short run, Lam Research Corp’s stock first resistance to watch stands at $71.03. Second resistance stands at $71.50. The third major resistance level sits at $72.20. If the price goes on to break the first support level at $69.87, it is likely to go to the next support level at $69.17. Now, if the price goes above the second support level, the third support stands at $68.71.

Lam Research Corp (NASDAQ: LRCX) Key Stats

Market capitalization of the company is 85.05 billion based on 1,286,685K 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.