Lam Research Corp. (NASDAQ: LRCX) stock jumped 2.69% on Monday to $719.15 against a previous-day closing price of $700.34. With 1.03 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.03 million shares. During the session, the Semiconductor Equipment & Materials company that operates in wider Technology sector, reached to the highest price of $721.00 whereas the lowest price it dropped to was $697.33. The 52-week range on LRCX shows that it touched its highest point at $726.53 and its lowest point at $397.06 during that stretch. It currently has a 1-year price target of $698.48. With its current market cap of 94.78 billion, LRCX has annualized dividend of $7.74 while the current yield stands at 1.08%. Beta for the stock currently stands at 1.54.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of LRCX was up-trending over the past week, with a rise of 6.79%, but this was up by 19.79% over a month. Three-month performance surged to 7.85% while six-month performance rose 22.92%. The stock gained 55.94% in the past year, while it has gained 71.10% so far this year. A look at the trailing 12-month EPS for LRCX yields 29.42 with Next year EPS estimates of 34.92. For the next quarter, that number is 7.06. This implies an EPS growth rate of -18.61% for this year and 25.84% for next year. EPS is expected to grow by 7.64% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 20.32%.
Float and Shares Shorts:
At present, 133.30 million LRCX shares are outstanding with a float of 131.11 million shares on hand for trading. On Oct 30, 2023, short shares totaled 2.83 million, which was 2.15% higher than short shares on Sep 28, 2023. In addition to Mr. Timothy M. Archer as the firm’s President, CEO & Director, Mr. Douglas R. Bettinger serves as its Executive VP & CFO.
Institutional Ownership:
Through their ownership of 88.54% of LRCX’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 51.43% of LRCX, in contrast to 35.20% held by mutual funds. Shares owned by individuals account for 1.06%. As the largest shareholder in LRCX with 8.40% of the stake, The Vanguard Group, Inc. holds 11,068,888 shares worth 11,068,888. A second-largest stockholder of LRCX, BlackRock Fund Advisors, holds 7,164,765 shares, controlling over 5.44% of the firm’s shares. SSgA Funds Management, Inc. is the third largest shareholder in LRCX, holding 5,539,347 shares or 4.20% stake. With a 3.15% stake in LRCX, the Vanguard Total Stock Market ETF is the largest stakeholder. A total of 4,146,483 shares are owned by the mutual fund manager. The Vanguard 500 Index Fund, which owns about 2.44% of LRCX stock, is the second-largest Mutual Fund holder. It holds 3,219,254 shares valued at 1.89 billion. Invesco QQQ Trust holds 1.73% of the stake in LRCX, owning 2,285,541 shares worth 1.34 billion.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for LRCX since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With LRCX analysts setting a high price target of $825.00 and a low target of $550.00, the average target price over the next 12 months is $698.48. Based on these targets, LRCX could surge 14.72% to reach the target high and fall by -23.52% to reach the target low. Reaching the average price target will result in a decline of -2.87% from current levels.
Dividends & Yield:
In terms of dividends, LRCX has a current ratio of $8.0, which is $8.0 over the trailing 12-months, while a dividend of $5.28 is likely to be paid on average over the next five years. Dividend yield is another indicator that appeals to many investors, and LRCX currently yields $1.0. In the past year, LRCX’s dividend yield has been $1.0, but when looking at the stock over the past five years, its yield has been $1.4. Accordingly, LRCX has a current buyback yield of $2.89. This was $2.89 for the TTM, and it was $5.77 for the past five years.
Summary of Insider Activity:
Insiders traded LRCX stock several times over the past three months with 1 Buys and 3 Sells. In these transactions, 563 shares were bought while 1,581 shares were sold. The number of buy transactions has increased to 23 while that of sell transactions has risen to 53 over the past year. The total number of shares bought during that period was 83,947 while 60,558 shares were sold.
