With 5.61 million shares changed hands, the volume of the stock remained lighter than its average volume of 12.46 million shares. During the session, the Semiconductor Equipment & Materials company that operates in wider Technology sector, reached to the highest price of $74.15 whereas the lowest price it dropped to was $73.23. The 52-week range on LRCX shows that it touched its highest point at $113.00 and its lowest point at $68.87 during that stretch. It currently has a 1-year price target of $93.98. With its current market cap of 95.03 billion, LRCX has annualized dividend of $6.53 while the current yield stands at 8.84%. Beta for the stock currently stands at 1.46.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of LRCX was down-trending over the past week, with a drop of -5.20%, but this was up by 1.54% over a month. Three-month performance dropped to -8.23% while six-month performance fell -30.14%. The stock lost -5.43% in the past year, while it has lost -5.83% so far this year. A look at the trailing 12-month EPS for LRCX yields 3.09 with Next year EPS estimates of 4.15. For the next quarter, that number is 0.88. This implies an EPS growth rate of 16.99% for this year and 16.97% for next year. EPS is expected to grow by 15.51% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 16.17%.
Float and Shares Shorts:
At present, 1.29 billion LRCX shares are outstanding with a float of 1.28 billion shares on hand for trading. On 2024-11-29, short shares totaled 33.7 million, which was 261.99998 higher than short shares on 1730332800. In addition to Mr. Timothy M. Archer as the firm’s President, CEO & Director, Mr. Douglas R. Bettinger serves as its Executive VP & CFO.
Institutional Ownership:
Through their ownership of 0.93605006 of LRCX’s outstanding shares, institutional investors have minority control over the company.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-09-29, LRCX reported revenue of $4167976000.0 and operating income of $1264197000.0. The EBITDA in the recently reported quarter was $1425785000.0 and diluted EPS was $0.86.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for LRCX since 15 analysts follow the stock currently. There are 10 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 5 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With LRCX analysts setting a high price target of 114.0 and a low target of 75.0, the average target price over the next 12 months is 92.82013. Based on these targets, LRCX could surge 54.41% to reach the target high and rise by 1.58% to reach the target low. Reaching the average price target will result in a growth of 25.72% from current levels.
Analysts have provided yearly estimates in a range of $2.99539 being high and $2.97729 being low. For LRCX, this leads to a yearly average estimate of $2.98232. Based on analyst estimates, the high estimate for the next quarter is $0.95 and the low estimate is $0.82. The average estimate for the next quarter is thus $0.88.
