In yesterday’s Wall Street session, Lam Research Corp (NASDAQ:LRCX) shares traded at $72.64, down -0.67% from the previous session.
LRCX stock price is now -5.68% away from the 50-day moving average and -18.33% away from the 200-day moving average. The market capitalization of the company currently stands at $92.84B.
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With the price target enhanced from $1000 to $1050, TD Cowen maintained Buy rating for Lam Research Corp (NASDAQ: LRCX). On May 13, 2024, Jefferies recently initiated its ‘Buy’ rating on the stock quoting a target price of $1100, while ‘TD Cowen’ rates the stock as ‘Buy’
In other news, Mayer Bethany, Director sold 1,660 shares of the company’s stock on Nov 01 ’24. The stock was sold for $124,757 at an average price of $75.16. Upon completion of the transaction, the Director now directly owns 28,930 shares in the company, valued at $2.1 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 01 ’24, Director Mayer Bethany bought 1,660 shares of the business’s stock. A total of $124,757 was incurred on buying the stock at an average price of $75.16. A total of 0.42% of the company’s stock is owned by insiders.
During the past 12 months, Lam Research Corp has had a low of $68.72 and a high of $113.00. As of last week, the company has a debt-to-equity ratio of 0.59, a current ratio of 2.53, and a quick ratio of 1.74. According to the stock market information, the enterprise value for the company is $92381093888, which is based on a 23.51 price-to-earnings ratio, a 1.37 price-to-earnings-growth ratio, and a beta of 1.48. The fifty day moving average price for LRCX is $77.0164 and a two-hundred day moving average price translates $88.93841 for the stock.
The latest earnings results from Lam Research Corp (NASDAQ: LRCX) was released for 2024-09-29. The net profit margin was 26.02% and return on equity was 49.12% for LRCX. The company reported revenue of $4.17 billion for the quarter, compared to $3.48 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 19.7 percent.
