For its fourth fiscal quarter (ending June 30), Lam Research Corp (NASDAQ: LRCX) has reported E.P.S. of $7.81 compared to $5.99 a year ago. E.P.S. were $29.13 for the latest four quarters through June 30 versus $33.30 for the same period a year ago.
Recent Price Action
On 7/31/24, Lam Research Corp (NASDAQ: LRCX) stock enjoyed a very large increase of 7.8%, closing at $921.24. Moreover, unusually high trading volume at 188% of normal accompanied the advance. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -4.0% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to exceed the cost of capital, LRCX is expected to continue to be a major Value Builder.
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 38 but a very high Power Rating of 92, and the Positive Value Trend Rating results.
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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