On Friday, Lam Research Corp (NASDAQ: LRCX) opened higher 0.90% from the last session, before settling in for the closing price of $75.58. Price fluctuations for LRCX have ranged from $68.87 to $113.00 over the past 52 weeks.
Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '24.
Small-cap Uranium stocks are booming in 2024! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!
Get the FREE Report with all the details here.
Sponsored
During the last 5-year period, the sales growth of Technology Sector giant was 10.85%. Company’s average yearly earnings per share was noted 17.23% at the time writing. With a float of $1.28 billion, this company’s outstanding shares have now reached $1.29 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) Insider Activity
A key investor’s attitude towards the stock of the Semiconductor Equipment & Materials industry is another important factor to consider. The insider ownership of Lam Research Corp is 0.42%, while institutional ownership is 78.51%. 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) Earnings and Forecasts
Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.88 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 17.23% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 18.56% 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
Check out the current performance indicators for Lam Research Corp (LRCX). In the past quarter, the stock posted a quick ratio of 1.74. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 6.35. Likewise, its price to free cash flow for the trailing twelve months is 20.46.
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 4.17 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 10.99 million, which is a drop from its year-to-date volume of 11.24 million. As of the previous 9 days, the stock’s Stochastic %D was 45.66%. Additionally, its Average True Range was 2.76.
During the past 100 days, Lam Research Corp’s (LRCX) raw stochastic average was set at 30.46%, which indicates a significant decrease from 62.07% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 44.55% in the past 14 days, which was lower than the 50.82% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $75.97, while its 200-day Moving Average is $87.81. However, in the short run, Lam Research Corp’s stock first resistance to watch stands at $77.24. Second resistance stands at $78.22. The third major resistance level sits at $79.12. If the price goes on to break the first support level at $75.36, it is likely to go to the next support level at $74.46. Should the price break the second support level, the third support level stands at $73.48.
Lam Research Corp (NASDAQ: LRCX) Key Stats
There are currently 1,286,685K shares outstanding in the company with a market cap of 99.01 billion. Presently, the company’s annual sales total 14,905 M according to its annual income of 3,828 M. Last quarter, the company’s sales amounted to 4,168 M and its income totaled 1,116 M.
