As of November 22, 2023, analysts have provided their ratings for Lam Research (NASDAQ:LRCX) in the last quarter, showing a positive sentiment towards the company. The ratings breakdown is as follows:
– Bullish: 4
– Somewhat Bullish: 2
– Indifferent: 1
– Somewhat Bearish: 0
– Bearish: 0
These ratings indicate a generally optimistic outlook on Lam Research’s future performance.
Based on the 12-month price targets from 7 analysts in the last 3 months, the average price target for Lam Research is $757.14. The high price target is $825.00, while the low price target is $700.00. This range suggests a potential for growth in the stock value.
Over the past month, the average price target has increased by 4.98%, further indicating positive sentiment among analysts.
Analyst ratings are determined by experts in the banking and financial sectors who closely follow specific stocks or sectors. They gather information from various sources such as company conference calls, financial statements, and conversations with insiders to make informed decisions. Some analysts also provide predictions for key metrics like growth estimates, earnings, and revenue to offer additional guidance along with their ratings.
Lam Research currently holds a consensus rating of Strong Buy, with 16 buy ratings, 4 hold ratings, and 0 sell ratings. This consensus reflects the overall positive sentiment towards the company’s prospects.
The average price target for Lam Research is $713.19, suggesting an upside potential of 11.22% based on the analysts’ average price target.
To stay updated on Lam Research analyst ratings, investors can visit the Expert Center, where they can find a list of the top 100 Wall Street analysts and follow their preferred analysts. Additionally, the Analysts’ Top Stocks tool provides insights into stocks with a Strong Buy or Strong Sell analyst rating consensus, according to the top performers.
In summary, analysts’ ratings for Lam Research are overwhelmingly positive, with a consensus of Strong Buy. The average price target indicates a potential for upside growth, further reinforcing the optimistic outlook for the company.
Lam Research Corporation
LRCX
Strong Buy
Updated on: 04/12/2023
Financial Health
Very Healthy
Debt to equity ratio: Buy
Price to earnings ratio: Strong Buy
Price to book ratio: Strong Buy
DCF: Strong Buy
ROE: Buy
Lam Research Corporation (LRCX) Stock Shows Positive Performance and Predicts Future Growth
On November 22, 2023, Lam Research Corporation (LRCX) stock showed positive performance, with an increase in its share price. The previous close for LRCX was $707.50, and the stock opened at $716.04. Throughout the day, the stock’s price fluctuated between a low of $713.48 and a high of $728.23. The trading volume for the day was 41,419 shares, which is significantly lower than the average volume of 1,088,082 shares over the past three months. The market capitalization of LRCX stands at $92.3 billion.
LRCX’s earnings growth last year was +1.15%, indicating a modest increase in profitability. However, the company experienced a decline in earnings growth this year, with a decrease of -23.88%. Looking ahead, analysts predict a positive trend in the next five years, with an expected earnings growth of +7.64%.
Similarly, LRCX’s revenue growth last year was +1.42%, reflecting a slight increase in the company’s top line. These figures suggest that LRCX has been able to maintain a relatively stable financial performance despite some challenges.
LRCX has a price-to-earnings (P/E) ratio of 24.3, which indicates that investors are willing to pay $24.3 for every dollar of earnings generated by the company. The price-to-sales ratio (P/S) is 4.75, implying that investors are valuing LRCX at $4.75 for every dollar of sales. Additionally, the price-to-book (P/B) ratio is 11.37, suggesting that investors are valuing LRCX at $11.37 for every dollar of book value.
When comparing LRCX’s performance to its industry peers, we can observe the following changes in their stock prices on November 22, 2023:
– Analog Devices Inc (ADI) saw an increase of +1.48 (+0.82%)
– Micron Technology Inc (MU) experienced an increase of +0.42 (+0.55%)
– Applied Materials Inc (AMAT) had an increase of +0.77 (+0.52%)
– NXP Semiconductors N.V. (NXPI) witnessed a decrease of -0.27 (-0.13%)
LRCX’s next reporting date is scheduled for January 24, 2024. Analysts are forecasting an earnings per share (EPS) of $6.24 for the current quarter. In the previous fiscal year, LRCX recorded an annual revenue of $17.4 billion and a profit of $4.5 billion, resulting in a net profit margin of 25.89%.
LRCX operates in the Producer Manufacturing sector and is part of the Industrial Machinery industry. The company’s corporate headquarters are located in Fremont, California.
In conclusion, LRCX’s stock performance on November 22, 2023, showed positive movement, with an increase in share price. Despite a decline in earnings growth this year, the company has demonstrated resilience with stable revenue growth. Looking ahead, analysts expect LRCX to experience positive earnings growth in the coming years.
Lam Research Corp (LRCX) Stock Analysis: Mixed Outlook but Strong Financials and Potential Growth
Lam Research Corp (LRCX) is a company specializing in manufacturing equipment used in semiconductor fabrication. On November 22, 2023, the stock performance of LRCX was analyzed based on data from CNN Money.
According to the data, 25 analysts have provided 12-month price forecasts for LRCX. The median target price is $700.00, with a high estimate of $825.00 and a low estimate of $550.00. This indicates a mixed outlook on the stock.
The median estimate represents a -2.43% decrease from the last reported price of $717.44, suggesting a slight decline in value over the next 12 months.
Despite this, the current consensus among 30 polled investment analysts is to buy stock in Lam Research Corp, indicating confidence in the company’s future performance.
Lam Research Corp reported earnings per share of $6.24 for the current quarter, with sales totaling $3.5 billion, highlighting its strong financial position.
The semiconductor industry has been experiencing significant growth due to factors like the adoption of advanced technologies. Lam Research Corp plays a crucial role in the semiconductor manufacturing process, positioning it well for potential growth.
In conclusion, the stock performance of Lam Research Corp on November 22, 2023, indicates a mixed outlook among analysts. However, with strong financials and a positive outlook for the semiconductor industry, Lam Research Corp is poised for potential growth in the future.
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