Lam Research Corp (NASDAQ: LRCX) suffers from exceptional negative changes in investment behavior: negative upside/downside volume developed, and the stock fell on very heavy volume.
Recent important negative changes in fundamentals have impacted Lam Research Corp (NASDAQ: LRCX): the stock’s power rating fell below 50, and significant quarterly sales deceleration occurred.
In light of these highly negative signals we are reviewing our current Overall Rating of C. 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 C (Low Neutral). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. LAM Research has a neutral Power Rating of 44 and a neutral Appreciation Score of 44, with the Low Neutral Value Trend Rating the result.
Recent Price Action
Lam Research Corp (NASDAQ: LRCX) stock closed at $773.19 on 9/20/24 after a decline of -2.0%. Moreover, trading volume in this decline was exceptionally high at 217% of normal. The stock has risen 3.4% during the last week and has performed in line with the market over the last nine months.
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