In a filing, Lam Research Corp revealed 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 $13.97 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 $2.26 million.
A number of analysts have revised their coverage, including Susquehanna’s analysts, who increased its forecast for the stock in mid February from “a Neutral” to “a Positive”. Cantor Fitzgerald also remained covering LRCX and has increased its forecast on January 30, 2025 with a “an Overweight” recommendation from previously “Neutral” rating. Bernstein revised its rating on January 30, 2025. It rated LRCX as “an Outperform” which previously was an “a Mkt perform”.
Price Performance Review of LRCX
On Monday, Lam Research Corp [NASDAQ:LRCX] saw its stock jump 2.83% to $77.99. Over the last five days, the stock has lost -0.41%. Lam Research Corp shares have risen nearly 7.97% since the year began. Nevertheless, the stocks have fallen -17.83% 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 $79.42, while 200 days put it at $82.62.
Levels Of Support And Resistance For LRCX Stock
The 24-hour chart illustrates a support level at 77.32, which if violated will result in even more drops to 76.65. On the upside, there is a resistance level at 78.72. A further resistance level may holdings at 79.45. The Relative Strength Index (RSI) on the 14-day chart is 49.52, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.18, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 21.25%. Stochastics %K at 65.60% indicates the stock is a holding.
How much short interest is there in Lam Research Corp?
A steep rise in short interest was recorded in Lam Research Corp stocks on 2025-02-28, dropping by -8.87 million shares to a total of 24.86 million shares. Yahoo Finance data shows the prior-month short interest on 2025-01-31 was 33.73 million shares. There was a decline of -35.68%, which implies that there is a negative sentiment for the stock.
