How Does Lam Research Corporation (LRCX) Stack Up Right Now?

Lam Research Corporation (NASDAQ:LRCX) is an interesting player in the Technology space, with a focus on Semiconductor Equipment & Materials. The stock has been active on the tape, currently trading at $108.17, up from yesterday’s close by -0.75%. Given the stock’s recent action, it seemed like a good time to take a closer look at the company’s recent data.

Fundamental Analysis

Money managers are always interested in a company that can find the right recipe of fundamental data because it reflects something important going on underneath the surface. Lam Research Corporation (LRCX) currently trades with a market capitalization of $17.61B. That value represents a market adjusting for revenues that have been growing by 2.00% on a quarterly year/year basis as of the company’s last quarterly report.

The balance sheet health of any company plays a key role in its ability to meet its obligations and maintain the faith of its investment base. For LRCX, the company currently has $7.21B of cash on the books, which is offset by $4.33B current liabilities. You can get a sense of how sustainable that is by a levered free cash flow of $962.84M over the past twelve months. Generally speaking, earnings are expected to grow in coming quarters. Analysts are forecasting earnings of 2.19 on a per share basis this quarter. Perhaps, that suggests something about why 101.70% of the outstanding share supply is held by institutional investors.

Technical Analysis

It’s important to check the technicals to get a sense of how has been acting. Looking at the stock’s movement on the chart, Lam Research Corporation recorded a 52-week high of 110.35. It is now trading 1.36 off that level. The stock is trading 106.06 its 50-day moving average by -2.93. The stock carved out a 52-week low down at 63.10.

In recent action, Lam Research Corporation (LRCX) has made a move of +3.95% over the past month, which has come on weak relative transaction volume. Over the trailing year, the stock is outperforming the S&P 500 by 39.36, and it’s gotten there by action that has been more volatile on a day-to-day basis than most other stocks on the exchange. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 162.33M with 7.93% sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of LRCX.

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