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Wednesday, June 7, 2023

Lam Research Corporation (NASDAQ: LRCX) May Be Attracting Institutional Investments

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 -$0.57, or -0.11%, to $523.51. The Lam Research Corporation has recorded 28,275 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that Lam Research Corporation Reports Financial Results for the Quarter Ended March 26, 2023.

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Stocks Info

Lam Research Corporation is listed on the NASDAQ as a member of the Technology sector and is a part of the Semiconductor Equipment & Materials industry. At the end of the last regular session, the stock closed at $524.08 and fluctuated between $524.47 as its day high and $512.53 as its day low. The current market capitalization of Lam Research Corporation is $69.71B. A total of 1.14 million shares were traded on the day, compared to an average of 1.31M shares.

Insider Activity

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, LRCX has seen 18 BUY and 38 SELL insider trades, representing the acquisition of 66,088 and the disposition of 34,593 shares. Over the last 12 months, there were 35 BUYs and 76 SELLs from insiders. Insiders purchased 128,397 shares during that period but sold 80,661.

In the most recent transaction, TALWALKAR ABHIJIT Y sold 881 shares of LRCX for 524.09 per share on Apr 03. After the transaction, the Director now owns 13,881 company shares. In a previous transaction on Mar 03, Hahn Ava sold 3,206 shares at 488.92 per share. LRCX shares that Chief Legal Officer & SVP owns now total 3,433.

Among the insiders who sold shares, Hahn Ava disposed of 487 shares on Mar 02 at a per-share price of $479.00. This resulted in the Chief Legal Officer & SVP holding 6,639 shares of LRCX after the transaction. In another insider transaction, TALWALKAR ABHIJIT Y sold 880 shares at $429.72 per share on Jan 03. Company shares held by the Director now total 14,762.


It is more appealing for investors to invest in companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook for the company. Lam Research Corporation pays an annual dividend of $6.90, resulting in a dividend yield of 1.32%, and it has a price to earnings (P/E) ratio of 14.59. LRCX’s most recent ex-dividend date was 3/14/2023 when it declared a $1.7250 quarterly dividend that was paid in cash on 4/5/2023. Previously, the company paid the dividend on 1/4/2023 with an ex-dividend date of 12/13/2022. The LRCX stock dividend was $1.7250 per share in cash.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for LRCX in the last 3 months, the mean price target is $535.05 with high estimates of $600.00 and low estimates of $475.00. In terms of 52-week highs and lows, LRCX has a high of $548.85 and a low of $299.59.

As of this writing, LRCX has an earnings estimate of $5.06 per share for the current quarter. EPS was calculated based on a consensus of 18 estimates, with a high estimate of $5.43 per share and a lower estimate of $5. The company reported an EPS of $10.71 in the last quarter, which was 7.50% higher than expectations of $9.96.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. LRCX’s latest balance sheet shows that the firm has $3.66B in Cash & Short Term Investments as of fiscal 2022. There were $5.01B in debt and $4.56B in liabilities at the time. Its Book Value Per Share was $62.31, while its Total Shareholder’s Equity was $6.28B.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. 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 4.32. A total of 13 analysts rated the stock as Buy while 2 rated it as Overweight while 10 rated it as Hold. Among the other participants, 1 thought the stock was Underweight and 0 thought it should be Sold.

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