In yesterday’s Wall Street session, Lam Research Corp (NASDAQ:LRCX) shares traded at $75.11, up 3.69% from the previous session.
LRCX stock price is now 0.40% away from the 50-day moving average and -13.10% away from the 200-day moving average. The market capitalization of the company currently stands at $100.20B.
On August 01, 2024, TD Cowen reiterated its ‘Buy’ rating on the stock by increasing its target price from $1000 to quote $1050, while ‘Jefferies’ 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 $2.17 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 $68.87 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 $95559204864, which is based on a 24.30 price-to-earnings ratio, a 1.57 price-to-earnings-growth ratio, and a beta of 1.46. The fifty day moving average price for LRCX is $74.811 and a two-hundred day moving average price translates $86.43471 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.
