Understanding Basic Stock Data: Lam Research Corporation (LRCX)

In the past 52-week period, shares of Lam Research Corporation (NASDAQ:LRCX) have moved within the range of $103.01 to $219.70. On the stock’s most recent trading day, the company’s shares ended the regular session at $181.57, which is 17.36% lower than its 52-week high.

Lam Research Corporation (LRCX) has demonstrated a 20-day simple moving average (SMA) of -9.69%, and a 50-day SMA of -8.97%. This public company’s current market capitalization stands at $29.44 billion.

Analyzing Consensus Estimates, Sales Revenue and Net Income

Understanding Wall Street analyst’s enthusiasm for a particular stock is crucial when considering entering a position. According to the latest data, the consensus recommendation for Lam Research Corporation (LRCX) is Outperform.

When it comes to sales data, public companies usually post revenue and earnings that are either higher or lower than the average Wall Street forecast. In the most recent quarterly financial report, for the quarter ending Sep. 2017, Lam Research Corporation (LRCX) delivered a 0.45% surprise with its net revenue. Sales reached $2.48 billion during the three-month period, compared to the average analyst estimate of $2.47 billion.

Meanwhile, during the same quarter Lam Research Corporation (LRCX) delivered a 5.55% earnings surprise. Net earnings for the quarter were posted at $3.46 per share, whereas Wall Street had forecast $3.28 per share.

Ownership at Lam Research Corporation (LRCX), According to Most Recent SEC Filings

A public company’s latest 13F filings tell investors important details about institutional ownership. Lam Research Corporation (LRCX) has 0 billion shares outstanding currently, 97.05% of which belong to institutional investors. Those institutional holdings amount to $29.16 billion.

Additionally, according to the most recent 13F filing from Lam Research Corporation (LRCX), there were 95 new positions totaling 2,000,329 shares of the company’s stock. There were 67 sold out positions, on the other hand, totaling 1,933,107 shares.

Short, Medium and Long Term Indicators

Examining a stock’s average volume in the short, medium and long term is useful to understand trading activity and investor sentiment. Lam Research Corporation (LRCX) has had a 20-day average volume of 3,221,965 shares, with an average of 20% of short term indicators pointed at Sell.

The stock’s 50-day average volume has been 2,579,872 shares, with an average of 50% of medium term indicators pointing toward Sell. Finally, its 100-day average volume is 2,412,326 shares with 0% of long-term indicators pointing to Hold.