Home News Recent Trend: Lam Research Corporation (NASDAQ: LRCX)

Recent Trend: Lam Research Corporation (NASDAQ: LRCX)


Lam Research Corporation trades as part of the semiconductors industry and technology sector. The company CEO is Martin B. Anstice. Lam Research Corp functions in the semiconductor industry. It develops and sells semiconductor processing systems that are used in the fabrication of integrated circuits.

Previous Intraday Trading Performance:

The LRCX stock showed a previous change of 1.19% with an open at 171.30 and a close of 173.86. It reached an intraday high of 174.09 and a low of 169.00.

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The stock has a market cap of $28.5b with 164.0m shares outstanding, of which the float is 162.6m shares. Trading volume reached 2,354,133 shares compared to its average volume of 3,594,802 shares. Based on the current average volume and close price, the trading liquidity is good.

Historical Trading Performance:

Over the last five trading days, Lam Research Corporation shares returned 0.58% and in the past 30 trading days it returned -14.47%. Over three months, it changed -9.49%. In one year it has changed 16.81% and within that year its 52-week high was 234.88 and its 52-week low was 147.86. LRCX stock is 17.58% above its 52 Week Low.

Our calculations show a 200 day moving average of 192.90 and a 50 day moving average of 189.07. Currently LRCX stock is trading -9.87% below its 200 day moving average and may not be a good opportunity to buy as it may continue to trend down.

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The last annual fiscal EPS for the company was reported at 9.22 that ended on 30th of June 2017, which according to the previous close, that is a PE of 18.86. Based on 8 analyst estimates, the consensus EPS for the next quarter is 3.69. The TTM EPS is 13.71, which comes to a TTM PE of 12.68. Historically, the PE high was 81.10 and the PE low was 12.68. LRCX stock has set a new PE low record!

The following are the last four quarter reported earnings per share:
03-31-2018:  4.79
12-31-2017:  4.34
09-30-2017:  3.46
06-30-2017:  3.11

The dividend per share is currently 4.40, which is a dividend yield of 2.53%. Also, the payout ratio is 32.09%, therefore the dividend is safe according to our calculations.

Base on our calculations, the intrinsic value per share is 291.96, which means it is possibly undervalued and has a margin of safety of 40.45%

Indicators to Watch:

Based on the latest filings, there is 0.90% of insider ownership and 90.20% of institutional ownership. Short-interest is 14,353,755, which is 8.75% of shares outstanding. The short-interest ratio or days-to-cover ratio is 3.74. This stock has a moderate level of short interest, but may still be a buying opportunity depending on other indicators.

The current calculated beta is 1.39

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Fundamental Indicators:

Based on last reported financials, the company's return on equity is 27.84%, return on assets is 14.77%, profit margin is 17.10%, price-to-sales is 3.54 and price-to-book is 4.19.

Company Scores:

All scores are out of six:
 5  :Valuation Score
 5  :Past Performance Score
 4  :Financial Strength Score
 4  :Future Growth Score
 3  :Dividend Score
 4  :Overall Score

John Jones
Worked for several Wall Street firms: Salomon Smith Barney, UBS, and Charles Schwab. Has developed skills and gained extensive experience over the years that is used today to uncover winning penny stocks. Also was an attorney for small businesses in Scottsdale, Arizona. That experience and understanding of law provides a unique perspective and edge in discovering quality companies in various industries.


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