Lam Research Corp’s recently made public that its Senior Vice President Varadarajan Seshasayee unloaded Company’s shares for reported $9.91 million on Feb 20 ’25. In the deal valued at $90.00 per share,110,080 shares were sold. As a result of this transaction, Varadarajan Seshasayee now holds 179,084 shares worth roughly $15.4 million.
Then, Varadarajan Seshasayee bought 110,080 shares, generating $9,907,200 in total proceeds.
Before that, Mayer Bethany sold 1,660 shares. Lam Research Corp shares valued at $124,757 were divested by the Director at a price of $75.16 per share. As a result of the transaction, Mayer Bethany now holds 28,930 shares, worth roughly $2.49 million.
Susquehanna upgraded its Lam Research Corp [LRCX] rating to a Positive from a a Neutral in a research note published on February 20, 2025; the price target was increased to $125 from $75. A number of analysts have revised their coverage, including Cantor Fitzgerald’s analysts, who increased its forecast for the stock in late January from “a Neutral” to “an Overweight”. Bernstein also remained covering LRCX and has increased its forecast on January 30, 2025 with a “an Outperform” recommendation from previously “Mkt perform” rating. KeyBanc Capital Markets revised its rating on January 17, 2025. It rated LRCX as “an Overweight” which previously was an “a Sector weight”.
Price Performance Review of LRCX
On Friday, Lam Research Corp [NASDAQ:LRCX] saw its stock fall -3.37% to $86.02. Over the last five days, the stock has gained 3.27%. Lam Research Corp shares have risen nearly 19.09% since the year began. Nevertheless, the stocks have fallen -4.47% over the past one year. While a 52-week high of $113.00 was reached on 02/20/25, a 52-week low of $68.87 was recorded on 01/02/25. SMA at 50 days reached $78.39, while 200 days put it at $84.31.
Levels Of Support And Resistance For LRCX Stock
The 24-hour chart illustrates a support level at 84.42, which if violated will result in even more drops to 82.82. On the upside, there is a resistance level at 88.92. A further resistance level may holdings at 91.82. The Relative Strength Index (RSI) on the 14-day chart is 60.03, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.92, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 43.12%. Stochastics %K at 72.98% indicates the stock is a holding.
