An Evaluation Of Lam Research Corp. (NASDAQ: LRCX) Prospects

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Earlier, Yahoo Finance discussed this stock as it revealed Lam Research Corporation Reports Financial Results for the Quarter Ended December 24, 2023.

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Stocks Info

LRCX belongs to the Technology sector of the NASDAQ while operating in the Semiconductor Equipment & Materials industry. The current market capitalization of Lam Research Corp. is $109.42B. A total of 1.05 million shares were traded on the day, compared to an average of 1.00M shares.

Insider Activity

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, LRCX has seen 12 BUY and 5 SELL insider trades, representing the acquisition of 6,608 and the disposition of 8,439 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, Fernandes Neil J sold 2,161 shares of LRCX for 828.33 per share on Feb 01. After the transaction, the Senior Vice President now owns 9,908 company shares. In a previous transaction on Jan 03, ARCHER TIMOTHY sold 10,524 shares at 732.00 per share. LRCX shares that President and CEO owns now total 86,449.

Among the insiders who sold shares, Hahn Ava disposed of 2,342 shares on Jan 03 at a per-share price of $732.00. This resulted in the Chief Legal Officer & SVP holding 3,433 shares of LRCX after the transaction. In another insider transaction, TALWALKAR ABHIJIT Y sold 882 shares at $768.75 per share on Jan 02. Company shares held by the Director now total 11,604.

Dividend

Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. Lam Research Corp. pays an annual dividend of $7.80, resulting in a dividend yield of 0.93%, and it has a price to earnings (P/E) ratio of 32.27. 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.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for LRCX in the last 3 months, the mean price target is $898.39 with high estimates of $980.00 and low estimates of $740.00. In terms of 52-week highs and lows, LRCX has a high of $900.09 and a low of $467.02.

As of this writing, LRCX has an earnings estimate of $7.26 per share for the current quarter. EPS was calculated based on a consensus of 20 estimates, with a high estimate of $7.61 per share and a lower estimate of $6.31. The company reported an EPS of $6.85 in the last quarter, which was 11.90% higher than expectations of $6.12.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using 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 $62.63, while its Total Shareholder’s Equity was $6.28B.

Analysts Opinion

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. 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 4.20.

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