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Is this Large Market Cap Stock target price reasonable for Lam Research Corporation (NASDAQ:LRCX)?

The company in question is, Lam Research Corporation (NASDAQ:LRCX) currently with a stock price of 89.83 (0.57% today). The market cap for Lam Research Corporation is 14205.36, and is in the sector Technology, and Semiconductor Equipment & Materials industry. The target price for Lam Research Corporation is 95.11. Currently Lam Research Corporation is trading with a P/E of 19.84, and a forward P/E of 12.97. Average volume for Lam Research Corporation is 2504.78 and so far today it is 458231.

Performance in the last year for Lam Research Corporation has been 18.64%. For EPS growth, Lam Research Corporation has seen a growth of 2.20%, and is looking to grow in the next year to 11.29%. More long term stats show that EPS growth has been 6.50% over the last five years and could be 13.03% for the next five years. Lam Research Corporation has seen sales growth quarter over quarter at -5.70%, with EPS growth quarter over quarter at -29.20%. The 20-day simple moving average is 9.14%, with the 200-day simple moving average coming to 17.28%.

Since the IPO date for Lam Research Corporation on the 3/26/1990, Lam Research Corporation has seen performance year to date to be 13.33%. With Lam Research Corporation trading at 89.83, the dividend yield is 1.34%, and the EPS is 4.5.

So could Lam Research Corporation, be undervalued? Well as said before P/E is 19.84. The PEG is 1.52, P/S is 2.44 and the P/B is at 2.5. The P/cash is 3.13, with P/free cash flow at 16.52.

Lam Research Corporation ability to deal with debt shows that the current ratio is 3, and the quick ratio is 2.6. This is with long term debt/equity at 0.28, and total debt/equity at 0.45.

In terms of margins, Lam Research Corporation has a gross margin of 44.00%, an operating margin of 16.40% and a profit margin of 13.50%.Payout ratio for Lam Research Corporation is 24.20%. Return on assets come to 8.10% with return on investment coming to 9.10%.

Insider ownership for Lam Research Corporation, is at 0.30% and institutional ownership comes to *TBA. Outstanding shares are at 159.04. While shares float is 158.85. The float short is currently 19.56%, and short ratio is 12.4.

Disclaimer: Remember there is a risk to your investment, this is not a recommendation, nor personal advice, never invest more than you are able too loose.

About the author

Peter Clarke

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