Currently, there are 1.29B common shares owned by the public and among those 1.28B shares have been available to trade.
The company’s stock has a 5-day price change of 9.47% and 11.43% over the past three months. LRCX shares are trading 12.83% year to date (YTD), with the 12-month market performance up to 3.74% higher. It has a 12-month low price of $68.87 and touched a high of $113.00 over the same period. LRCX has an average intraday trading volume of 11.80 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 8.39%, 8.45%, and -4.62% respectively.
Institutional ownership of Lam Research Corp (NASDAQ: LRCX) shares accounts for 78.69% of the company’s 1.29B shares outstanding.
It has a market capitalization of $104.86B and a beta (3y monthly) value of 1.47. The stock’s trailing 12-month PE ratio is 26.37, while the earnings-per-share (ttm) stands at $3.09. The company has a PEG of 1.70 and a Quick Ratio of 1.74 with the debt-to-equity ratio at 0.59. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.24% over the week and 3.05% over the month.
Earnings per share for the fiscal year are expected to increase by 16.42%, and 14.85% over the next financial year. EPS should shrink at an annualized rate of 15.51% over the next five years, compared to 16.17% over the past 5-year period.
Looking at the support for the LRCX, a number of firms have released research notes about the stock. KeyBanc Capital Markets stated their Overweight rating for the stock in a research note on January 17, 2025, with the firm’s price target at $95. Cleveland Research was of a view on December 17, 2024 that the stock is Neutral, while TD Cowen gave the stock Buy rating on August 01, 2024, issuing a price target of $1000- $1050. Jefferies on their part issued Buy rating on May 13, 2024.
