Test

Million

Billion

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>LRCX stock on the way to profitability added $289 to its trading price in YTD time frame.&nbsp;</a> </li> 
 <li> <span>2</span> <a>A surge of 43% in LRCX stock price is seen in the six months time frame.&nbsp;</a> </li> 
 <li> <span>3</span> <a>The estimated EPS was positive $5.07 and the reported EPS was positive $5.98.</a> </li> 
</ul> 
<p>LRCX stock price surged over $289 YTD and at press time it was trading $2.86 above its previous closing price. At the time of publication Lam Research Corporation stock was trading at $702.30.&nbsp;&nbsp;&nbsp;</p> 
<h2 class="wp-block-heading" id="strong-lrcx-stock-breaking-investors-expectations-strong"><strong>LRCX Stock Breaking Investors Expectations&nbsp;</strong></h2> 
<p>In the 52 weeks time frame, the highest trading price of LRCX stock was $299.59 and its lowest trading price was $299.59. It is important to note that LRCX share price surged over 3% in a week and more than 43% in the past six months.&nbsp;</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter">
  <img decoding="async" src="https://lh6.googleusercontent.com/rn5By8wraBi5Ex2BCKydP_3TarVoVhA1IO7pVSrYgI0qzerlS8em5OauvzVdBlR3ExEKnnaMBQ8NYlzTZhRv-DJJfAMVSRXTxY5QLgE2jvphQ0aNxUmzGwHQ9gN8ONl4Xh4jMbXb5as0MJzTdeVfGmQ" alt="Lam Research Corporation: After 67% Surge LRCX Stock Aims to Test $750">
  <figcaption class="wp-element-caption">
   Source: LRCX stock price chart from <a href="https://www.tradingview.com/x/NBgufz6r/">TradingView&nbsp;</a>
  </figcaption>
 </figure>
</div> 
<p>The MACD indicator is suggesting a mild bullishness as buyers seem to be accumulating above the histogram. Similarly the RSI indicator suggests that buyers will remain aggressive in the coming sessions.&nbsp;</p> 
<p>As per market analysts, LRCX stock has been constant on the bullish path and more surges are expected by the end of this week. If buyers continue to dominate, there are chances that stock price might surge. The nearest visible resistance is $730.75.&nbsp;</p> 
<p>If sellers succeed in dominating buyers, then there are possibilities that LRCX stock might decline. The nearest support levels visible are $680.88 and $652.86.&nbsp;</p> 
<p>According to TradingView 131.546 Million LRCX shares are free floating and the remaining 0.73% shares are closely held. The dividend yield paid is 0.98% and next will be paid on September 12, 2023.&nbsp;&nbsp;</p> 
<h3 class="wp-block-heading" id="strong-lam-research-corporation-financial-updates-strong"><strong>Lam Research Corporation Financial Updates&nbsp;</strong></h3> 
<p><a href="https://www.thecoinrepublic.com/2023/09/05/riot-stock-to-surpass-11-50-as-rsi-suggests-positive-reversal/">Lam Research Corporation</a>, was supposed to report $3.13 Billion in revenue, however the company shocked its investors by reporting more revenue. The estimated EPS was positive 5.07 and the reported EPS was positive 5.98.&nbsp;&nbsp;</p> 
<p>In the financial year 2023, Lam Research Corporation reported $17.43 Billion in revenue.&nbsp;</p> 
<p>From the reported revenue of the company, gross profit was 45% and earnings before interest, taxes, depreciation, and amortization was 32%, Earnings before interest and taxes was 30% and net income was 26%.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</p> 
<p>Lam Research Corp. engages in the design, <a href="https://www.thecoinrepublic.com/2023/09/02/marathon-digital-bulls-backing-mara-stock-price-surged-over-99/">manufacture, marketing,</a> refurbishment, and provision of semiconductor processing equipment used in the fabrication of integrated circuits.</p> 
<p>In Long term total liabilities of the company are $6.39 Billion and assets are $5.55 Billion.&nbsp;</p> 
<h4 class="wp-block-heading"><strong>Technical Levels&nbsp;</strong></h4> 
<p>Major Support:&nbsp; $680.88 and $652.86</p> 
<p>Major Resistance:&nbsp; $730.75</p> 
<h4 class="wp-block-heading"><strong>Conclusion&nbsp;</strong></h4> 
<p>LRCX stock seems to be following a similar surging pattern since September 2022, and in YTD time frame its trading price added $289 to its trading price.&nbsp; LRCX stock has been bullish, more surges are expected by the end of this week. If buyers continue to dominate, the stock price might surge.</p> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>The views and opinions stated by the author, or any people named in this article, are for informational ideas only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.&nbsp;</p>

Lam Research Corporation: After 67% Surge LRCX Stock Aims to Test $750

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