Lam Research Corp. [NASDAQ: LRCX] loss -1.14% on the last trading session, reaching $80.61 price per share at the time.
If compared to the average trading volume of 12.87M shares, LRCX reached a trading volume of 7533661 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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Here is what top equities market gurus are saying about Lam Research Corp. [LRCX]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for LRCX shares is $100.85 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on LRCX stock is a recommendation set at 1.73. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
TD Cowen have made an estimate for Lam Research Corp. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on August 01, 2024. While these analysts kept the previous recommendation, Jefferies dropped their target price from $980 to $1100. The new note on the price target was released on May 13, 2024, representing the official price target for Lam Research Corp. stock. Previously, the target price had yet another raise from $975 to $1000, while TD Cowen kept a Buy rating on LRCX stock. On April 19, 2024, analysts increased their price target for LRCX shares from 870 to 1100.
The Average True Range (ATR) for Lam Research Corp. is set at 2.94, with the Price to Sales ratio for LRCX stock in the period of the last 12 months amounting to 7.01. The Price to Book ratio for the last quarter was 12.31, with the Price to Cash per share for the same quarter was set at 4.51. Price to Free Cash Flow for LRCX in the course of the last twelve months was 24.55 with Quick ratio for the last quarter at 2.00.
Trading performance analysis for LRCX stock
Lam Research Corp. [LRCX] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.22. With this latest performance, LRCX shares gained by 9.85% in over the last four-week period, additionally sinking by -16.66% over the last 6 months – not to mention a rise of 28.80% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for LRCX stock in for the last two-week period is set at 50.58, with the RSI for the last a single of trading hit 51.91, and the three-weeks RSI is set at 48.73 for Lam Research Corp. [LRCX]. The present Moving Average for the last 50 days of trading for this stock 80.61, while it was recorded at 80.88 for the last single week of trading, and 89.62 for the last 200 days.
Lam Research Corp. [LRCX]: A deeper dive into fundamental analysis
Lam Research Corp.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.00 and a Current Ratio set at 2.97.
Lam Research Corp. [LRCX]: An earnings per share (EPS) analysis
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for LRCX. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Lam Research Corp. go to 14.00%.
An analysis of Institutional ownership at Lam Research Corp. [LRCX]
There are presently around $8.91%, or 8.91%% of LRCX stock, in the hands of institutional investors. The top three institutional holders of LRCX stocks are: BLACKROCK INC. with ownership of 12.93 million shares, which is approximately 9.8823%. VANGUARD GROUP INC, holding 12.05 million shares of the stock with an approximate value of $$12.83 billion in LRCX stocks shares; and VANGUARD GROUP INC, currently with $$6.18 billion in LRCX stock with ownership which is approximately 4.4273%.
