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. Yahoo Finance discussed the stock recently as it posted Lam Research Corporation Announces March 2024 Quarter Financial Conference Call.
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Stocks Info
LRCX belongs to the Technology sector of the NASDAQ while operating in the Semiconductor Equipment & Materials industry. At the end of the last regular session, the stock closed at $978.37 and fluctuated between $988.12 as its day high and $960.03 as its day low. The current market capitalization of Lam Research Corp. is $128.26B. A total of 0.73 million shares were traded on the day, compared to an average of 1.06M shares.
In the most recent transaction, TALWALKAR ABHIJIT Y sold 882 shares of LRCX for 972.03 per share on Apr 01 ’24. After the transaction, the Director now owns 10,541 company shares. In a previous transaction on Apr 01 ’24, Corrreia Christina sold 647 shares at 972.03 per share. LRCX shares that CVP , Chief Accounting Officer owns now total 5,541.
Among the insiders who sold shares, Varadarajan Seshasayee disposed of 5,500 shares on Mar 19 ’24 at a per-share price of $913.99. This resulted in the Senior Vice President holding 16,595 shares of LRCX after the transaction. In another insider transaction, Varadarajan Seshasayee sold 5,500 shares at $922.41 per share on Mar 18 ’24. Company shares held by the Senior Vice President now total 22,095.
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 $7.72, resulting in a dividend yield of 0.79%, and it has a price to earnings (P/E) ratio of 37.83. LRCX’s most recent ex-dividend date was 3/12/2024 when it declared a $2.00 quarterly dividend that was paid in cash on 4/3/2024. Previously, the company paid the dividend on 1/3/2024 with an ex-dividend date of 12/12/2023. The LRCX stock dividend was $2.00 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. In terms of 52-week highs and lows, LRCX has a high of $1007.39 and a low of $480.45.
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.
