Lam Research Corporation (LRCX) Monthly Stock Report
Publication Date: September 22, 2024
Company Overview
Lam Research Corporation (LRCX), headquartered in Fremont, California, is a pivotal player in the global semiconductor industry, specializing in the design, manufacture, and servicing of semiconductor processing equipment critical for integrated circuit fabrication. With a comprehensive portfolio that includes ALTUS systems for tungsten metallization and SABRE products for copper interconnects, Lam Research is committed to enhancing manufacturing efficiencies through advanced deposition and etch solutions. Established in 1980, the company operates across major markets including the United States, China, Europe, Japan, Korea, Southeast Asia, and Taiwan. Classified under the technology sector and specifically within the Semiconductor Equipment & Materials industry, Lam Research has demonstrated robust financial performance, reporting total revenues of approximately $14.91 billion.
Financial Performance and Market Outlook
Lam Research’s stock is currently priced at $773.19, significantly below its 52-week high of $1,130.00 and above its low of $574.42, indicating notable volatility throughout the year. Analysts provide a bullish sentiment with a consensus recommendation to “buy,” driven by a projected target high price of $1,325.00 and a mean target price of $1,017.16. This suggests substantial upside potential for investors, aligning with the increasing global demand for semiconductor technologies. The company has 129,876,000 shares outstanding and shows a short interest of 1.98%, indicating that market participants do not foresee significant downturns in stock performance. In this context, the stock is viewed as a solid investment opportunity poised for growth amid ongoing advancements in the semiconductor sector.
Summary of Key Metrics
- Current Price: $773.19
- 52-Week High: $1,130.00
- 52-Week Low: $574.42
- Total Revenue: ~$14.91 billion
- Shares Outstanding: 129,876,000
- Short Interest: 2,566,131 shares (1.98% of float)
- Analyst Consensus Rating: “Buy” (Mean Rating: 2.1 from 25 analysts)
- Target High Price: $1,325.00
- Mean Target Price: $1,017.16
- Median Target Price: $1,000.00
In conclusion, Lam Research Corporation stands out in the semiconductor equipment landscape, with promising financial metrics and a solid growth trajectory, making it a compelling consideration for investors seeking opportunities within the technology sector.
| Metric | Value |
|---|---|
| Market Cap | $100.4b |
| Total Debt | $5.3b |
| Total Cash | $5.8b |
| Shares Outstanding | 129.9m |
| Float Shares | 129.4m |
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