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Friday, December 2, 2022

Analysts Point To Lam Research Corporation (NASDAQ: LRCX) Growth In The Future

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. After-hours trades for Lam Research Corporation (LRCX) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by +$10.42, or +2.67%, to $400.1. Volume reached 41,470 shares, with price reaching a high of $400.63 and a low of $400.63. Recently, Yahoo Finance discussed the stock, revealing that Lam Research Corporation Announces September 2022 Quarter Financial Conference Call.

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Stocks Info

As a NASDAQ listed company, LRCX falls under the Technology sector while operating within the Semiconductor Equipment & Materials industry segment. At the end of the last regular session, the stock closed at $400.63 and fluctuated between $408.43 as its day high and $397.51 as its day low. The current market capitalization of Lam Research Corporation is $55.50B. A total of 2.06 million shares were traded on the day, compared to an average of 1.43M shares.

Insider Activity

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, LRCX has seen 6 BUY and 21 SELL insider trades, representing the acquisition of 53,188 and the disposition of 36,378 shares. Over the last 12 months, there were 41 BUYs and 88 SELLs from insiders. Insiders purchased 183,407 shares during that period but sold 156,469.

In the most recent transaction, Bettinger Douglas R sold 34,895 shares of LRCX for 439.11 per share on Aug 30. After the transaction, the Chief Financial Officer & EVP now owns 97,821 company shares. In a previous transaction on Jun 01, Meikle Scott Gerald sold 700 shares at 523.22 per share. LRCX shares that Senior Vice President owns now total 20,425.

Among the insiders who bought shares, Lego Catherine P acquired of 1,736 shares on Apr 26 at a per-share price of $460.35. This resulted in the Director holding 49,991 shares of LRCX after the transaction. In another insider transaction, Meikle Scott Gerald sold 700 shares at $541.22 per share on Apr 01. Company shares held by the Senior Vice President now total 20,425.


Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. Lam Research Corporation pays an annual dividend of $6.90, resulting in a dividend yield of 1.72%, and it has a price to earnings (P/E) ratio of 12.23. LRCX’s most recent ex-dividend date was 09/13/2022 when it declared a $1.725 quarterly dividend that was paid in cash on 10/05/2022. Previously, the company paid the dividend on 07/06/2022 with an ex-dividend date of 06/14/2022. The dividend was $1.50 per share in cash.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for LRCX in the last 3 months, the mean price target is $547.67 with high estimates of $700.00 and low estimates of $405.00. In terms of 52-week highs and lows, LRCX has a high of $731.85 and a low of $358.00.

As of this writing, LRCX has an earnings estimate of $9.53 per share for the current quarter. EPS was calculated based on a consensus of 10 estimates, with a high estimate of $9.66 per share and a lower estimate of $9.5. The company reported an EPS of $8.83 in the last quarter, which was 20.79% higher than expectations of $7.31.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 26 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for LRCX is Sell with a score of 4.00. A total of 13 analysts rated the stock as Buy while 3 rated it as Overweight while 10 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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