American company Lam Research Corporation provides the semiconductor industry with wafer manufacturing tools and related services. Its products are largely utilized in front-end wafer processing, which includes the procedures needed to generate the transistors, capacitors, and interconnects that form the active parts of semiconductor devices. Additionally, the business produces machinery for the back-end wafer-level packaging (WLP) sector as well as for associated MEMS production applications.
Dr. David K. Lam established Lam Research in 1980. Its main office is in Fremont, California, close to Silicon Valley. After Tesla, it was the Bay Area’s second-largest manufacturer as of 2018.
Manufacturer of semiconductor equipment Lam Research Corporation is based in Fremont, California. The 1980-founded business is focused on developing, producing, and maintaining machinery for creating integrated circuits. The sophisticated memory and logic chips used in a variety of electronic devices, such as smartphones, tablets, and laptops, may be produced using products from Lam Research.
The business is present all over the world, with production plants and sales offices in North America, Europe, and Asia. Lam Research has won several honors and accolades for its cutting-edge products throughout the years, including the 2020 IEEE Corporate Innovation Award for its role in developing the semiconductor industry.
Prices
On April 19th, 2023, Lam Research last published their earnings statistics. The semiconductor business above the average estimate of $6.53 by $0.46, reporting $6.99 earnings per share for the quarter. During the quarter, the company generated $3.87 billion in revenue as opposed to the $3.85 billion average expectation. Its income decreased 4.7% over the previous year. Lam Research now has a price-to-earnings ratio of 17.8, and over the last year it has created $35.91 in earnings per share ($35.91 diluted profits per share). Lam Research’s earnings are anticipated to drop from $33.19 to $24.57 per share, a -25.97% decline. On Wednesday, July 26, 2023, Lam Research will publish its next quarterly results report, the company has stated.
- In the previous 52 weeks, the stock price has climbed by +54.92%. Lam Research’s price volatility has been greater than the market average due to the beta, which is 1.47.
- 3.08 million shares, or 2.29% of the total shares, were sold short as per the most recent short interest report.
- Lam Research generated $18.86 billion in sales and $4.92 billion in profit during the last 12 months. A share’s worth of profit was $35.90.
- The stock has a 14.32 EV/EBITDA ratio and a 21.54 EV/FCF ratio.
- With $5.62 billion in cash on hand and $5.01 billion in debt, the corporation has $614.81 million in net cash, or $4.58 per share.
In the year ended on March 26, 2023, Lam Research’s revenue increased by 12.67% to $18.86B. The revenue for the three months ended March 26, 2023, was $3.87 billion, a -4.70% decline from the prior year. Lam Research reported yearly sales of $17.23B with 17.78% increase in the fiscal year that ended on June 26, 2022.
Analysis
Daily Chart
The Moving Averages Convergence Divergence (MACD) indicator for Lam Research (LRCX) is 8.05, indicating that Lam Research is a Buy.
With a share price of $638.3 and a 20-Day Exponential Moving Average of 622.47, Lam Research (LRCX) is a Buy.
With a share price of $638.3 and a 50-Day Exponential Moving Average of 596.02, Lam Research (LRCX) is a Buy.
Weekly Chart
The Moving Averages Convergence Divergence (MACD) indicator for Lam Research (LRCX) is 41.89, indicating that Lam Research is a Sell.
With a share price of $638.3 and a 20-Day Exponential Moving Average of 564.45, Lam Research (LRCX) is a Buy.
With a share price of $638.3 and a 50-day exponential moving average of 521.19, Lam Research (LRCX) is a Buy.
Indicators
The Relative Strength Index (RSI) for Lam Research (LRCX) is 63.12, producing a Neutral signal.
The Trend Strength Indicator (ADX) for Lam Research (LRCX) is 37.21, producing a Neutral signal.
The Commodity Channel Index (CCI) for Lam Research (LRCX) is 91.58, producing a Neutral signal.
The price rate of change (ROC) for Lam Research (LRCX) is 17.77, generating a buy signal.
Prediction
The overall LRCX stock forecast sentiment is optimistic as of data from July 14, 2023 at 13:20, with 26 technical analysis indicators signalling bullish signs and 0 negative signals.
Prediction for Lam Research Stock in 2025
If Lam Research shares continue to increase at the same average annual pace as they have over the past 10 years, the Lam Research stock projection for 2025 is now $1,125.74. The price of LRCX shares would grow by 76.30% as a result.
2030 Lam Research Stock Forecast
If Lam Research’s stock continues to rise at its current 10-year average pace, it will reach $4,645.58 in 2030. If the Lam Research stock forecast for 2030 comes true, the LRCX stock will increase in value by 627.52% from its present level.
With a high projection of $725 and a low forecast of $500, the average price goal is $576.82. From the most recent price of $638.30, the average price objective reflects a change of -9.63%.
