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Wednesday, February 1, 2023

Today, Lam Research Corporation (NASDAQ: LRCX) Takes Center Stage

After Hours

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. After-hours trades for Lam Research Corporation (LRCX) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.03, or -0.01%, to $470.01. The Lam Research Corporation has recorded 33,361 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that Lam Research Corporation Announces December 2022 Quarter Financial Conference Call.


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Stocks Info

The company is listed on the NASDAQ and operates within the Semiconductor Equipment & Materials industry segment. At the end of the last regular session, the stock closed at $470.04 and fluctuated between $475.49 as its day high and $453.65 as its day low. The current market capitalization of Lam Research Corporation is $60.04B. A total of 1.43 million shares were traded on the day, compared to an average of 1.84M shares.

Insider Activity

Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, LRCX has seen 9 BUY and 7 SELL insider trades, representing the acquisition of 4,881 and the disposition of 2,169 shares. Over the last 12 months, there were 35 BUYs and 81 SELLs from insiders. Insiders purchased 158,709 shares during that period but sold 116,093.

In the most recent transaction, TALWALKAR ABHIJIT Y sold 880 shares of LRCX for 429.72 per share on Jan 03. After the transaction, the Director now owns 14,762 company shares. In a previous transaction on Dec 21, Gottscho Richard A sold 3,540 shares at 450.00 per share. LRCX shares that Executive Vice President & CTO owns now total 26,672.

Among the insiders who sold shares, Ahmed Sohail U disposed of 0 shares on Nov 09 at a per-share price of $432.71. This resulted in the Director holding 2,131 shares of LRCX after the transaction. In another insider transaction, Bettinger Douglas R sold 34,895 shares at $439.11 per share on Aug 30. Company shares held by the Chief Financial Officer & EVP now total 97,821.

Dividend

The dividend paying company demonstrates a positive outlook for investors and helps them generate immediate cash. Lam Research Corporation pays an annual dividend of $6.90, resulting in a dividend yield of 1.47%, and it has a price to earnings (P/E) ratio of 13.48. LRCX’s most recent ex-dividend date was 12/13/2022 when it declared a $1.7250 quarterly dividend that was paid in cash on 1/4/2023. Previously, the company paid the dividend on 10/5/2022 with an ex-dividend date of 9/13/2022. The LRCX stock dividend was $1.7250 per share in cash.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for LRCX in the last 3 months, the mean price target is $441.29 with high estimates of $560.00 and low estimates of $300.00. In terms of 52-week highs and lows, LRCX has a high of $730.75 and a low of $299.59.

As of this writing, LRCX has an earnings estimate of $10.05 per share for the current quarter. EPS was calculated based on a consensus of 19 estimates, with a high estimate of $10.65 per share and a lower estimate of $9.65. The company reported an EPS of $8.83 in the last quarter, which was 20.60% higher than expectations of $7.32.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information.

Analysts Opinion

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. Currently, 25 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 4.39. A total of 14 analysts rated the stock as Buy while 2 rated it as Overweight while 9 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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