Finance

Which stock will you Buy? Lam Research Corporation (NASDAQ:LRCX)

Lam Research Corporation (NASDAQ:LRCX), closed the last trading session at $341.58 with increase of $6.95999999999998 or 2.08 percent against the opening price of $334.62. The trading day volume of the company stands at 2.1 Million shares while the average trading volume of Lam Research Corporation (NASDAQ:LRCX) is 1.54 Million over the course of 3 consecutive months. Which signifies a pretty good change over the time with its shares outstanding of 149.3 Million.

The price target of Lam Research Corporation (NASDAQ:LRCX) is currently set at 335.76 by the analysts. The stock is $1.91 Above its 1-Year High which is $335.18. LRCX hit its 1-Year low price of $163.60. The company is currently rated by analyst who are keeping a close eye on the stock as 2.1. Where 1 means Buy, 2.5 meaning Hold and 5 as Sell.

Performance Indicators of Lam Research Corporation (NASDAQ:LRCX)

The value of the stock increased by 5.58% during the previous week performance. Looking at the 1 month performance of Lam Research Corporation (NASDAQ:LRCX), the stock jumped 13.57%. While the 1 year performance shows a positive percentage of 88.71 and year to date performance stands at 16.82%.

Lam Research Corporation (NASDAQ:LRCX) Analytical Review

The stock needs to grow about $-5.81999999999999 to reach its price target. In order to seek the stock’s directional movements, 20-Days, 50 Days and 200-Days moving averages are 9.61%, 15.29% and 44.13 percent respectively. The stock trades about 3.71 percent of its Float giving its total shares Outstanding are 149.3 Million. LRCX gained about 72.08 percent in 6 months showing its Average True Range of 9.18. The company currently has a RSI and Beta of 69.15 and 1.67.

While talking about Lam Research Corporation (NASDAQ:LRCX) valuation ratios, the stock trades with a P/S and P/B of 5.34 and 11.23 which is significantly better and attractive as compared to its peers.