After Hours
There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Yahoo Finance discussed the stock recently as it posted Lam Research Corporation Announces December 2023 Quarter Financial Conference Call.
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Stocks Info
This NASDAQ-listed company operates within the Semiconductor Equipment & Materials industry segment, falling under the Technology sector. At the end of the last regular session, the stock closed at $833.54 and fluctuated between $846.46 as its day high and $827.67 as its day low. The current market capitalization of Lam Research Corp. is $109.85B. A total of 1.29 million shares were traded on the day, compared to an average of 956.82K shares.
Insider Activity
Insider trades can also provide insight into a stock’s future direction. During the recent three months, LRCX has seen 13 BUY and 7 SELL insider trades, representing the acquisition of 7,171 and the disposition of 9,138 shares. Over the last 12 months, there were 34 BUYs and 54 SELLs from insiders. Insiders purchased 87,015 shares during that period but sold 63,827.
In the most recent transaction, ARCHER TIMOTHY sold 10,524 shares of LRCX for 732.00 per share on Jan 03. After the transaction, the President and CEO now owns 86,449 company shares. In a previous transaction on Jan 03, Hahn Ava sold 2,342 shares at 732.00 per share. LRCX shares that Chief Legal Officer & SVP owns now total 3,433.
Among the insiders who sold shares, TALWALKAR ABHIJIT Y disposed of 882 shares on Jan 02 at a per-share price of $768.75. This resulted in the Director holding 11,604 shares of LRCX after the transaction. In another insider transaction, Corrreia Christina sold 647 shares at $768.75 per share on Jan 02. Company shares held by the CVP, Chief Accounting Officer now total 5,492.
Dividend
The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. Lam Research Corp. pays an annual dividend of $7.71, resulting in a dividend yield of 0.93%, and it has a price to earnings (P/E) ratio of 28.33. LRCX’s most recent ex-dividend date was 12/12/2023 when it declared a $2.00 quarterly dividend that was paid in cash on 1/3/2024. Previously, the company paid the dividend on 10/4/2023 with an ex-dividend date of 9/12/2023. The LRCX stock dividend was $0.2750 per share in cash.
Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for LRCX in the last 3 months, the mean price target is $769.31 with high estimates of $900.00 and low estimates of $650.00. In terms of 52-week highs and lows, LRCX has a high of $828.56 and a low of $456.82.
As of this writing, LRCX has an earnings estimate of $7.1 per share for the current quarter. EPS was calculated based on a consensus of 20 estimates, with a high estimate of $7.63 per share and a lower estimate of $6.92. The company reported an EPS of $5.98 in the last quarter, which was 17.90% higher than expectations of $5.07.
Balance Sheet Annually/Quarterly
In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. 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 $60.93, while its Total Shareholder’s Equity was $6.28B.
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, 0 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 Buy with a score of 4.17.
