Lam Research Corporation (LRCX): Investor showing Interest in it


Lam Research Corporation (NASDAQ:LRCX) changes shares on Thursday trading session, with a change of 0.33% or $1.02 shares. The trading starts at $314.01 and closed at $313.78 throughout the day. The trading session low price was $312.53 and day high was $317.725 on Thursday, June 18. After the session, the Technology sector daily volume shifted to 1.27 million while its average volume is 2.41M. In other hand, the LRCX market cap reached to $45.36B. While, its current target price is $314.80 according to WSJ.

Checking out the performance report which defines the increase or decrease of prices for a specific period. For the last 5 trading sessions, its performance is up 11.46% and up 20.31% for month. Its quarterly performance was 61.43% above, while its half year performance is up 8.34%. LRCX yearly performance stood at positive 73.52% and rise 7.66% for year-to-date. Current recommendation for Lam Research Corporation is 2.00.

Earnings per share or EPS is an important financial measure, which defines the profitability of a company. LRCX EPS (TTM) for 12-month is 13.90. EPS for this year is -16.80%, while for the next year its value is 17.55. Sales growth for the current quarter is 1.65 while its EPS Q/Q reached 11.90%. It has an EPS of 30.50% up for past five years and for the next five years will be up 13.76%.

Let’s take a look on the analyst recommendations on LRCX for the current month and previous month. For the current month, 21 of 25 analysts recommend stock as Buy while 0 as Sell, 0 as overweight, 0 as underweight and 4 as Hold. As compared with the previous month ratings, 25 analysts participate in stock recommendation. Out of 25, 0 rated it sell, 20 rated it as Buy and 5 as Hold Ratings. On the other hand, target price ranges from $255.00-$400.00. Average target price for LRCX was reached at $313.52.

Blackrock Inc., Vanguard Group, Inc. (The) and FMR, LLC are the top three holders in Lam Research Corporation (LRCX) stock. On Mar 30, 2020, Blackrock Inc. has 12.66 million shares which valued 3.04 billion. On Mar 30, 2020, Vanguard Group, Inc. (The) owned 12.09 million shares which valued at 2.9 billion. On Mar 30, 2020, FMR, LLC has a total of 8.25 million shares which valued at 1.98 billion. In the end, FMR, LLC have 5.68% shares outstanding of Lam Research Corporation (LRCX) on Mar 30, 2020. The insider ownership moved to 0.30% and institutional holding shifted to 89.80%.

The company posted an EPS (TTM) of 13.90. According to the most recent quarter report on (Jun 2020), 20 analysts estimated an average EPS of 4.04, while 3.62 EPS posted a year ago period. Analyst Estimated EPS for LRCX published in the report was 3.74-4.89 during the same period. Comparing with last year, the average estimated EPS was 3.62 which is lower than 3.98 which was posted for recent quarter EPS.

A brief look on simple moving average (SMA) that determines the market price can impact a market. The SMA for LRCX rise 16.87% for period of 200 days. SMA for 50 days was 16.97% which is showing green signal, while SMA-20 was 10.83%. The moving average value for Lam Research Corporation (LRCX) is 278.35 and 271.21 for 200 and 50 days respectively.

Let’s take a look on the insider transactions, in which multiple shareholders are showing interest in LRCX stock. On Apr 27, ARCHER TIMOTHY, President and CEO, sold 28,910 trading shares at the cost of $270.00, which valued at 7.81 million. On Mar 02, Gottscho Richard A, Executive Vice President & CTO, sold 18,048 shares at the cost of $296.64, with total shares of 46,623. On Feb 06, EL MANSY YOUSSEF A, Director, sold 1,010 shares at the cost of 325.11. After this transaction, EL MANSY YOUSSEF A total shares reached to 19,286 which valued at 0.33 million.