Stocks of Lam Research Corp (NASDAQ:LRCX) traded higher last session on Wall Street, down -0.66% to $82.75.
LRCX stock price is now 6.67% away from the 50-day moving average and -1.89% away from the 200-day moving average. The market capitalization of the company currently stands at $106.22B.
With the price target maintained at $100, Cantor Fitzgerald recently Upgraded its rating from Neutral to Overweight for Lam Research Corp (NASDAQ: LRCX). On January 30, 2025, Bernstein Upgraded its previous ‘Mkt Perform’ rating to ‘Outperform’ on the stock increasing its target price from $85 to quote $91, while ‘KeyBanc Capital Markets’ rates the stock as ‘Overweight’
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 $2.39 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 0.46% 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. According to the stock market information, the enterprise value for the company is $105539936256, which is based on a 25.15 price-to-earnings ratio, a 1.63 price-to-earnings-growth ratio, and a beta of 1.53. The fifty day moving average price for LRCX is $77.575 and a two-hundred day moving average price translates $84.34286 for the stock.
The latest earnings results from Lam Research Corp (NASDAQ: LRCX) was released for 2024-12-29. 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. For the current quarter, analysts expect LRCX to generate $4.63B in revenue.
