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Lam Research Corporation (NASDAQ: LRCX) – Is this large market cap stock undervalued?

Lam Research Corporation (NASDAQ: LRCX), is firmly in the large market cap category with market cap of 14961.91. To be considered a large market cap stock companies have to be valued at more than $10 billion. The current price for Lam Research Corporation is 92.86 (with a change from open of -0.98%), this in conjunction with a target price of 101.39. Volume today has so far reached 573234, with an average volume of about 2303.94. The GAP for this stock, is 0.88%.

The P/E ratio is 17.82, bringing the forward P/E to a value of 12.44. The current EPS for Lam Research Corporation, is 5.22, with a EPS growth for this year coming to a value of 41.00%. Performance has been interesting with performance year to date coming to 18.34%.

Looking further into the growth statistics for Lam Research Corporation, EPS is looking like it will grow 6.95% in the next year. Looking even further it is projected to be 10.56%. Quarter over quarter is 96.30% for EPS growth and for sales growth quarter over quarter it is 4.40%. Looking at past EPS growth statistics we see that for the past five years it has been -2.00%. Sales growth for the past five years has in fact been 12.70%.

Looking at the ownership, we see that the insider ownership is at 0.41% and institutional ownership is . Shares outstanding is 160.95, while shares float is at a value of 159.52. Float short for Lam Research Corporation is 17.04% and the short ratio is 11.8.

In terms of debt, long term debt/equity is 0.61, while the total debt/equity comes to 0.77. The ability to meet these debts, means that the current ratio is 3.8, and the quick ratio is 3.4. The most recent gross margin is 44.50% and their operating margin is 18.30%. The profit margin is 15.50%.

Lam Research Corporation has seen returns on assets of 8.80%, and on investment, 9.90%. Return on equity is 16.30%. Price/Earnings to growth ratio is 1.69. Price/Sales ratio is at a value of 2.54, with Price/book ratio coming to 2.52 and Price/cash is 2.19, and finally Price/Free cash Flow is 15.2.

The simple moving averages are 1.96% and 15.86% for 20 day and 200 day simple moving average respectively. For the 52 week high and low the 52 week high is -2.72% and the 52 week low is 54.00%.

Lam Research Corporation has a dividend yield of 1.29%, with a current price of 92.86. The ability to pay this means the payout ratio is 20.90%. This is in an industry, Semiconductor Equipment & Materials, with equally high dividends from other companies in this sector, which it is Technology. Lam Research Corporation is based in USA.

Performance in the Semiconductor Equipment & Materials industry means that Lam Research Corporation has seen performance for the past week of 2.29%, with performance for the month coming to 3.39%. Looking at the data for the quarter it is at a value of 12.52%, and for the half year the performance is 29.89%. Volatility for this week is 2.47% and for the month this is 1.92%.

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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Stephen Butters

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