Million

Resistance

Billion

<ul class="list-ic vertical">
 <li><span>1</span> <a>LRCX stock price rose 2.60% over the last week and trading above major 20, and 50-daily moving averages.</a></li>
 <li><span>2</span> <a>Lam Research Corporation (NASDAQ: LRCX) stock’s 52-week price range is between $299 – $726.</a></li>
</ul>
<p>The LRCX stock’s dividend yield for the TTM is 1.10% and its last dividend payment was $2.00 per share. The LRCX last ex-dividend date was September 12th, 2023 and its payout ratio is 20.82%. Its dividends are also safe and reliable, as the stock’s earnings and cash flows support them.&nbsp;</p>
<p>LRCX stock has confidence in its future growth and enough cash flow to invest in its business, as shown by LRCX low dividend payout ratio.</p>
<p>The Lam Research Corporation’s dividend amount has shown that the company is financially and fundamentally healthy, as it has increased from $2.90 to $3.68 in the past five years.</p>
<p>LRCX stock’s latest quarterly balance sheet for the period ending June 2023 reported total assets of $18.78 Billion and total liabilities of $10.57 Billion. The LRCX debt-to-assets ratio is at 56.29%.</p>
<p>In the latest quarterly earnings report for the period ending June 2023, LRCX displayed a revenue of $3.21 Billion, with a net income of $802.54 Million, and a gain in profit margin from the last quarter of 25.02%. This quarter, LRCX stock’s reported revenue exceeded analysts’ estimates by $77.495 Million (2.48%).</p>
<p>Moreover, the stock reported an EPS of $5.98 for the period ending June 2023, beating the analysts’ estimate of $5.067 by 18.02%. The next quarter’s LRCX revenue is estimated to be $3.423 Billion and an estimated EPS to be $6.151. The report will be released on October 18th, 2023.</p>
<h2 class="wp-block-heading" id="strong-lrcx-stock-price-technical-analysis-in-1-d-timeframe-strong"><strong>LRCX Stock Price Technical Analysis in 1-D Timeframe</strong></h2>
<p>The LRCX stock has a CMP of $649.95 and an intraday loss of 0.12%. The LRCX stock’s average volume for the last 10 days is 2.031 Million and its current volume is 1.916 Million. The LRCX stock has a float of 131.322 Million shares and a market cap of $85.938 Billion.</p>
<p>According to Lam Research Corporation (NASDAQ: LRCX) chart, the stock price has been rising since October 2022, when it rallied from the $299 support level by making higher highs and lows. But at a high, it faced resistance as investors took profit bookings upto the period ending June 2023 quarter reports and stayed below the trendline.</p>
<p>However, the stock has shown a recovery sign as the LRCX price took support at a vital level of around $610 on the charts in the first week of October 2023.&nbsp;</p>
<p>Therefore, if buyers thrust more, the LRCX stock might surge abruptly from the current level and surge above the previous swing high. The possible targets are between $665 and $695.</p>
<p>On the contrary, if <a href="https://www.thecoinrepublic.com/2023/09/06/lam-research-corporation-after-67-surge-lrcx-stock-aims-to-test-750/" target="_blank" rel="noopener noreferrer nofollow">LRCX</a> stock fails to hold its grip and consecutively falls and breaches $620, it may slide to $600.</p>
<div class="wp-block-image">
 <figure class="aligncenter"><img decoding="async" loading="lazy" width="1461" height="847" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-509.png" alt="LRCX Stock Forecast: Can (NASDAQ: LRCX) Reach $1000 By Year End?" class="wp-image-176573" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-509.png 1461w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-509-300x174.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-509-1024x594.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-509-768x445.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-509-750x435.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-509-1140x661.png 1140w" sizes="(max-width: 1461px) 100vw, 1461px">
  <figcaption class="wp-element-caption">
   Source: LRCX.1D.NASDAQ by TradingView
  </figcaption>
 </figure>
</div>
<div class="wp-block-image">
 <figure class="aligncenter"><img decoding="async" loading="lazy" width="1461" height="847" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-508.png" alt="LRCX Stock Forecast: Can (NASDAQ: LRCX) Reach $1000 By Year End?" class="wp-image-176572" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-508.png 1461w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-508-300x174.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-508-1024x594.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-508-768x445.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-508-750x435.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-508-1140x661.png 1140w" sizes="(max-width: 1461px) 100vw, 1461px">
  <figcaption class="wp-element-caption">
   Source: LRCX.1D.NASDAQ by TradingView
  </figcaption>
 </figure>
</div>
<p>At the time of writing, LRCX stock is trading above 20, and 50 EMA’s. The MACD in LRCX stock shows a bullish cross where the MACD is -0.1827 and the histogram is widening in the MACD tool. The RSI is at 54.63 and took support on 14 SMA which is at 48.44. The indicators in LRCX stock suggest bullish signals on the charts.</p>
<p>In addition, the LRCX stock ratings are positive and highly recommended based on 29 analysts, who have evaluated the <a href="https://www.thecoinrepublic.com/2023/09/06/lam-research-corporation-after-67-surge-lrcx-stock-aims-to-test-750/" rel="noopener noreferrer nofollow">LRCX</a> stock in the last three months. The 1-year price forecasts for LRCX stock by 24 analysts range between $545.00 to $825.00.</p>
<h4 class="wp-block-heading"><strong>Summary</strong></h4>
<p>The technical analysis tools of the Lam Research stock price highlight upward signals and support bullishness. Lam Research Corporation (NASDAQ: LRCX) chart indicates that the traders and investors of the share price are bullish and positive on the 1-D timeframe. The price action shows a higher highs and lows formation in LRCX stock showing signs of a more bullish outlook at the time of publishing.</p>
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4>
<p><strong>Support Levels</strong>: $620 and $600</p>
<p><strong>Resistance Levels</strong>: $665 and $695</p>
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5>
<p>In this article, the views, and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.</p>

LRCX Stock Forecast: Can (NASDAQ: LRCX) Reach $1000 By Year End?

Table of Contents

Thecoinrepublic.com

Other articles published on Oct 18, 2023

Fidelity’s Spot Bitcoin ETF Amendment Adds To Optimism Over Regulatory Approval

Dogecoin Dips Again – Is This New Rival a Better Alternative?

What’s Happening with Shiba Inu? Analyzing SHIB Charts

Vitalik Donates ETH to Charity, Not Selling for Personal Gain Since 2018!

Callisto Network Insider - August & September 2023

Hong Kong’s crypto sentiment plummets after JPEX scandal: Study

Join our free newsletter for daily crypto updates!