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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 14894.56. 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 92.94 (with a change from open of 0.24%), this in conjunction with a target price of 101.39. Volume today has so far reached 1226300, with an average volume of about 2175.38. The GAP for this stock, is 0.23%.

The P/E ratio is 17.81, bringing the forward P/E to a value of 12.55. 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 18.31%.

Looking further into the growth statistics for Lam Research Corporation, EPS is looking like it will grow 6.04% 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 *TBA. Shares outstanding is 160.26, while shares float is at a value of 159.52. Float short for Lam Research Corporation is 17.04% and the short ratio is 12.5.

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 2.53, with Price/book ratio coming to 2.52 and Price/cash is 2.18, and finally Price/Free cash Flow is 15.13.

The simple moving averages are 1.29% and 15.22% for 20 day and 200 day simple moving average respectively. For the 52 week high and low the 52 week high is -2.63% and the 52 week low is 53.01%.

Lam Research Corporation has a dividend yield of 1.29%, with a current price of 92.94. 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 -0.38%, with performance for the month coming to -1.16%. Looking at the data for the quarter it is at a value of 13.44%, and for the half year the performance is 50.06%. Volatility for this week is 1.51% and for the month this is 1.85%.

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

Mark Hines

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