Lam Research stock: buy or sell?

LRCX stock price: $446.44 -0.51% At close on Nov 24th, 2020

Updated on:
Nov 24th, 2020

2

Lam Research stock brief

  • Lam Research scarcely changed a -0.51% after marking all-time highs on Tuesday
  • KeyCorp posted a bullish rating for Lam Research on Monday, with a forecast of $472.00

Should I buy Lam Research stock?

All successful traders recommend adhering to a trading strategy and not make decisions based on subjective opinions, rumors or feelings. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best

Is $LRCX stock a buy?

Currently, Lam Research stock doesn't match any of these trading strategies, so our recommendation is not to buy now. This doesn't mean $LRCX will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems

Should I sell Lam Research stock?

When you own stock shares with some profit, it's really hard to decide the correct moment to sell and get your profits. Just as when we have to buy shares, determining when is the best time to sell is not a capricious decision, and we must follow our own trading style. When selling, as well as buying, detailed strategies are very easy to use and are only valid for selling shares you already own, not for selling short Lam Research stock

As a rule of thumb, you must never hold an open trade that yields greater losses than those expected by the time of purchase. The moment to sell shares should always be dictated by the stop-loss (automatic or manual)

Is it time to sell Lam Research stock?

In the current situation of Lam Research there is not any eligible sell setup, so Lam Research stock holders with operations in green can keep their positions

Lam Research ratings

In the last month, just one brokerage rating was published for Lam Research

Lam Research analysts' ratings - Last month
Brokerage firmRating
Nov 23rd, 2020
KeyCorp Buy

Lam Research stock analysis

$LRCX at new All-time Highs

Lam Research did it again, and marked new all-time highs (ATH) on Tuesday at $450.00. It's the 3rd time in the last 10 sessions, marking an important rally

SMAs overview

LRCX stock SMAs chart

Supports and resistances

Price is at highs and there are not upper resistance levels.

The current support levels are:

  • S1: $386.20 (-13.49% below)
  • S2: $381.96 (-14.44% below)
  • S3: $339.60 (-23.93% below)
  • Bollinger bands

    LRCX stock Bollinger Bands chart

    Relative strength index

    Relative strength (RSI) climbed over the 70 level Tuesday, marking a reading of 70.89. Breaking through above the level of 70 is not a bearish signal, as stocks can be in the overbought zone for many, many weeks and may continue to gain

    LRCX stock RSI chart

    Lam Research stock price history

    Lam Research IPO was on May 4th, 1984 at $2.00 per share1. Since then, LRCX stock has risen by 22,222.00%, with an average of 617.28% per year. If you had invested thousand dollars in Lam Research stock on May 1984, it would have a value of $223,220.00 today.

    1: Adjusted price after possible price splits or reverse-splits

    LRCX stock price history chart

    Price target for Lam Research stock

    How much a stock will be priced tomorrow or next week is quite unpredictable. Banks and financial organisations post their analysis predicting how a particular stock will performance in the future.

    The following table shows the price predictions released by brokerage institutions in the last 30 days. If you are a small investor you shouldn't invest based on these projections.

    There is just one price target issued for Lam Research that predicts a price of $472.00.

    Lam Research stock price predictions
    Brokerage firmPrice target
    Nov 23rd, 2020
    KeyCorp $424.00$472.00

    Earnings and financials

    In mid-October, Lam Research ($LRCX) hosted the quarterly investors event and posted the fiscal 1st-quarter report. Lam Research posted fiscal first-quarter earnings of $5.67 per share on sales of $3.2 billion. The analysts estimate was $5.19 per share on revenue of $3.1 billion.

    By comparison, the EPS for the same quarter last year was $3.18, so posted EPS means a increase of 78.30%. Turnover skyrocketed a 46.70% on an annualized basis in the FQ1, from $21.7B to $31.8B last quarter.

    Lam Research ($LRCX) releases quarterly earnings report next January. Wall Street predicts an earnings per-share of $5.66, compared to previous quarter that made $5.67.

    Lam Research competitors

    Lam Research is classified inside the Technology sector and the Semiconductor Equipment & Materials industry, which contain 20 industry peers.

    Lam Research main competitors are:

    Lam Research competitors
    CompanyMarket capRatingBullish ratings1
    Lam Research ($LRCX) $60.3B Buy 1
    ASML ($ASML) $176.8B Buy 1
    KLA-Tencor ($KLAC) $35.8B Buy 3
    Teradyne ($TER) $16.6B Strong buy 1
    Entegris ($ENTG) $11.8B Buy 2
    IPG Photonics ($IPGP) $11.3B Buy 2
    Universal Display ($OLED) $10.0B Strong buy 3

    1 In the last 30 days.

    Lam Research performance

    To better understand Lam Research performance you must compare its gains with other related stocks in same sector or industry.. For Lam Research, the benchmark is made against ASML, KLA-Tencor, Teradyne, Entegris, IPG Photonics and Universal Display.

    LRCX performance compared
    Company1m3m6m
    Lam Research ($LRCX) 28.10% 26.30% 66.30%
    ASML ($ASML) 15.60% 10.10% 30.90%
    KLA-Tencor ($KLAC) 25.60% 17.50% 43.30%
    Teradyne ($TER) 19.60% 20.20% 60.30%
    Entegris ($ENTG) 16.40% 27.90% 51.70%
    IPG Photonics ($IPGP) 2.70% 32.50% 33.10%
    Universal Display ($OLED) 15.30% 21.20% 44.60%

    Important note:
    The comments given in this post are personal and not recommendations for you to buy or sell stocks. The author of this article does not have any knowledge of the individual scenarios of the reader, his or her finances or what is in his or her best interest at any given time. All users should speak with their financial advisor before buying or selling any securities Comments are provided for education reasons only

    Lam Research summary

    Tuesday, November 24th, 2020
    Open$450
    Close$446.44
    Day range$440.75 - $450
    Previous close$448.74
    Session gain-0.51%
    Average true range$18.22
    50d mov avg$366.40
    100d mov avg$357.82
    200d mov avg$314.69
    Earnings dateJanuary 27th, 2021

    Frequently asked questions

    What is Lam Research stock symbol?

    Lam Research Corporation is a public company trading in the US stock market with the LRCX symbol

    Is Lam Research stock a buy or sell?

    Lam Research had one rating in the last 30 days Read the article to get additional tips on trading LRCX stock.

    Will LRCX go up?

    Lam Research had different price forecasts published by analysts in the last 4 weeks forecasting the target price to $472.00. That is a 5.73% higher than the current price ($446.44).