Lam Research Corp (NASDAQ: LRCX) has reported E.P.S. of $7.38 for its third fiscal quarter (ending March 31) versus $6.03 for the same period a year ago. E.P.S. were $27.31 for the latest four quarters through March 31 versus $36.04 for the same period a year ago.
Recent Price Action
Lam Research Corp (NASDAQ: LRCX) stock declined slightly by -0.3% on 4/24/24. The stock closed at $884.89. Moreover, trading volume in this decline was unusually high at 192% of normal. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -8.1% during the last week.
Current PriceTarget Research Rating
LRCX is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
LAM Research has a current Value Trend Rating of B (Positive). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. LAM Research has a slightly negative Appreciation Score of 36 but a very high Power Rating of 94, with the Positive Value Trend Rating the result.
Rating Review
In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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