Lam Research Corp (NASDAQ: LRCX) has reported E.P.S. of $8.59 for its first fiscal quarter (ending September 30) versus $6.69 for the same period a year ago. E.P.S. were $31.03 for the latest four quarters through September 30 versus $29.51 for the same period a year ago.
Recent Price Action
On 10/23/24, Lam Research Corp (NASDAQ: LRCX) stock declined slightly by -0.2%, closing at $72.86. Moreover, trading volume in this decline was unusually high at 160% of normal. The stock has declined -4.6% during the last week and has been weak relative to the market over the last nine months.
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 (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing contradictory signals. LAM Research has a good Appreciation Score of 84 but a slightly negative Power Rating of 35, resulting in the High Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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