Why Lam Research Corporation (NASDAQ:LRCX) Is In News?


Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $101.72 on Lam Research Corporation (NASDAQ:LRCX) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $6.97 for the next fiscal and $N/A for underway quarter.

Valuation Estimates

Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of Lam Research Corporation (NASDAQ:LRCX) stands at 17.06.

Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For Lam Research Corporation, the PEG ratio for coming 3-5 years is 1.21.

Technical Analysis

The technical analysis highlights that Lam Research Corporation current is trading $1.22 points away or +1.39% from its 50-day moving average of $87.84. Further it is trading $9.40 or +11.81% away its 200-day moving average of $79.66.

The 52-week high of Lam Research Corporation (NASDAQ:LRCX) was $93.80 while lowest point recorded in 52-week was $61.20. It implies if stock price makes a movement of over $-4.74, it will record a new 52-week high. In the case of +45.52% drop, it will touch a new 52-week low.

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