The price of Lam Research Corp (NASDAQ:LRCX) shares last traded on Wall Street rose 0.87% to $76.44.
LRCX stock price is now -2.78% away from the 50-day moving average and -8.85% away from the 200-day moving average. The market capitalization of the company currently stands at $98.12B.
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With the price target enhanced from $75 to $125, Susquehanna Upgraded its rating from Neutral to Positive for Lam Research Corp (NASDAQ: LRCX). On January 30, 2025, Cantor Fitzgerald Upgraded its previous ‘Neutral’ rating to ‘Overweight’ on the stock keeping its target price maintained at $100, while ‘Bernstein’ rates the stock as ‘Outperform’
In other news, Varadarajan Seshasayee, Senior Vice President sold 110,080 shares of the company’s stock on Feb 20 ’25. The stock was sold for $9,907,200 at an average price of $90.00. Upon completion of the transaction, the Senior Vice President now directly owns 179,084 shares in the company, valued at $13.69 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 20 ’25, Officer Varadarajan Seshasayee bought 110,080 shares of the business’s stock. A total of $9,907,200 was incurred on buying the stock at an average price of $90.00. A total of 0.44% of the company’s stock is owned by insiders.
During the past 12 months, Lam Research Corp has had a low of $68.87 and a high of $113.00. As of last week, the company has a debt-to-equity ratio of 0.57, a current ratio of 2.54, and a quick ratio of 1.73.
The net profit margin was 26.49% and return on equity was 50.42% for LRCX. The company reported revenue of $4.38 billion for the quarter, compared to $3.76 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 16.44 percent.
