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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 92.59 (-0.73% today). The market cap for Lam Research Corporation is 15339.18, and is in the sector Technology, and Semiconductor Equipment & Materials industry. The target price for Lam Research Corporation is 101.39. Currently Lam Research Corporation is trading with a P/E of 17.88, and a forward P/E of 12.48. Average volume for Lam Research Corporation is 2243.65 and so far today it is 126024.

Performance in the last year for Lam Research Corporation has been 31.79%. For EPS growth, Lam Research Corporation has seen a growth of 41.00%, and is looking to grow in the next year to 6.95%. More long term stats show that EPS growth has been -2.00% over the last five years and could be 10.56% for the next five years. Lam Research Corporation has seen sales growth quarter over quarter at 4.40%, with EPS growth quarter over quarter at 96.30%. The 20-day simple moving average is 2.60%, with the 200-day simple moving average coming to 15.97%.

Since the IPO date for Lam Research Corporation on the 3/26/1990, Lam Research Corporation has seen performance year to date to be 18.73%. With Lam Research Corporation trading at 92.59, the dividend yield is 1.29%, and the EPS is 5.22.

So could Lam Research Corporation, be undervalued? Well as said before P/E is 17.88. The PEG is 1.69, P/S is 2.61 and the P/B is at 2.53. The P/cash is 2.25, with P/free cash flow at 15.58.

Lam Research Corporation ability to deal with debt shows that the current ratio is 3.8, and the quick ratio is 3.4. This is with long term debt/equity at 0.61, and total debt/equity at 0.77.

In terms of margins, Lam Research Corporation has a gross margin of 44.50%, an operating margin of 18.30% and a profit margin of 15.50%.Payout ratio for Lam Research Corporation is 20.90%. Return on assets come to 8.80% with return on investment coming to 9.90%.

Insider ownership for Lam Research Corporation, is at 0.41% and institutional ownership comes to *TBA. Outstanding shares are at 164.46. While shares float is 159.52. The float short is currently 18.40%, and short ratio is 13.09.

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.

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Peter Clarke

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