Lam Research Corp (NASDAQ:LRCX) shares traded -2.24% down during most recent session to reach at the closing price of $174.61. The stock exchanged hands 1.55 Million shares versus average trading capacity of 2.05 Million shares, yielding a market cap of $26.69 Billion. Wall Street analysts covering the stock are projecting that the stock will reach $222 within the next 52-weeks. The mean target projections are based on 19 opinions.
Taking a broader look brokerage firms’ analysts on the street with an expectant view have Lam Research Corp (NASDAQ:LRCX) high price target of $278 and with a conservative view have low price target of $180.
“Maintained” Lam Research Corp (NASDAQ:LRCX) in a research note issued to investors on 4/25/19 to Buy with price target of $240.
Additionally on 4/25/19 “Maintained” Lam Research Corp (NASDAQ:LRCX) to Neutral setting price target at $205 and on 4/25/19 “Maintained” the stock to Hold at $195. Furthermore on 4/25/19 “Maintained” the stock to Overweight at $236.
On the other hand the company has Relative Strength Index (RSI 14) of 30.71 along with Average True Range (ATR 14) of 5.85, Consequently Lam Research Corp (NASDAQ:LRCX)’s weekly and monthly volatility is 2.63%, 2.71% respectively. The company’s beta value is at 1.62.
In terms of Buy, Sell or Hold recommendations, Lam Research Corp (NASDAQ:LRCX) has analysts’ mean recommendation of 2.1. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.
According to analysts Lam Research Corp (NASDAQ:LRCX)’s minimum EPS for the current quarter is at $3.31 and can go high up to $3.6. The consensus mean EPS for the current quarter is at $3.42 derived from a total of 19 estimates from the analysts who have weighed in on projected earnings. However the company reported $5.31 earnings per share for the same quarter during last year.
Previously Lam Research Corp (NASDAQ:LRCX) reported $3.7 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.38 by $0.32. The company posted an earnings surprise of 9.5%.
Lam Research Corp (NASDAQ:LRCX)’s revenue estimates for the current quarter are $2.36 Billion according to 17 number of analysts, for the current quarter the company has high revenue estimates of $2.45 Billion in contradiction of low revenue estimates of $2.34 Billion. For the current year the company’s revenue estimates are $9.66 Billion compared to low analyst estimates of $9.63 Billion and high estimates of $9.79 Billion according to 19 number of analysts.
Currently Lam Research Corp (NASDAQ:LRCX)’s shares owned by insiders are 0.4%, whereas shares owned by institutional owners are 90.7%. However the six-month change in the insider ownership was recorded -5.68%, as well as three-month change in the institutional ownership was recorded -2.98%.
Lam Research Corp (NASDAQ:LRCX)’s trailing twelve month revenues are $10.42 Billion, whereas its price to sales ratio for the same period is 2.56. Its book value per share for the most recent quarter is $34.99 while its price to book ratio for the same period is 4.99, as for as the company’s cash per share for the most recent quarter is $40.18, however its price to cash per share ratio for the same period is 4.35. The stock has 5 year expected PEG ratio of 0 whereas its trailing twelve month P/E ratio is 11.33.