Lam Research Corp (NASDAQ: LRCX) has recently experienced extremely important negative changes in investment behavior: the stock’s recent price decline challenged its longer term uptrend, its shorter term price trend turned down, and the stock fell on very heavy volume.
Lam Research Corp (NASDAQ: LRCX). Slight negative changes in fundamentals have recently occurred: significant quarterly sales deceleration occurred.
In light of these highly negative signals we are reviewing our current Overall Rating of B. We would view the shares with caution pending completion of this review in the next several days.
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). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. LAM Research has a slightly negative Appreciation Score of 38 but a very high Power Rating of 91, triggering the Positive Value Trend Rating.
Recent Price Action
On 8/1/24, Lam Research Corp (NASDAQ: LRCX) stock suffered a large decline of -9.9%, closing at $830.33. Moreover, this decline was accompanied by exceptionally high trading volume at 269% of normal. The stock has declined -8.7% during the last week but has been exceptionally strong relative to the market over the last nine months.
Be the first to comment