Lam Research Profit Dips 75% – LRCX, AMAT, NVLS, KLAC, INTC, QCOM, STI

Lam Research Corp. on Wednesday announced a profit of $45.6 million, or 38 cents per share for the quarter closed March 25, against a profit of $182.2 million, or $1.45 per share, for the year-ago period.

Revenue came in at $659 million, lower from $809 million. Revised profit came in at 50 cents per share. Analysts were anticipating a profit of 45 cents a share, on sales of $642.4 million, in relation to a consensus poll by FactSet Research.

Turning towards the sector Applied Materials, Inc. (NASDAQ:AMAT)lost -1.50%, Novellus Systems, Inc. (NASDAQ:NVLS) fell -1.82%, KLA-Tencor Corporation (NASDAQ:KLAC) grew -0.02%, Intel Corporation (NASDAQ:INTC) dropped -1.83%, QUALCOMM, Inc. (NASDAQ:QCOM) which also decreased -0.36% and SunTrust Banks, Inc. (NYSE:STI) slid -1.03%.

Lam Research Corporation(NASDAQ:LRCX)after opening at $41.81 hit high price of $42.16 and then closed at $42.04 by plunging -1.73% and on last session volume of 3.47 million shares was surprisingly higher than its average volume of 2.94 million shares.

The stock price volatility was 2.48% for a week and 2.18% for a month as well as price volatility’s Average True Range for 14 days was 1.03 and its beta remained 1.33.

The liquidity measure in recent quarter results of the company was recorded 5.41 as current ratio and on the other side the debt to equity ratio was 0.31 and long-term debt to equity ratio also remained 0.30. The Company had total cash at hand $2.22billion and a book value per share as $20.60 in the most recent quarter.

LRCX generated revenue of 2.83 billion in the following twelve months and earned $413.22million. The Company showed a positive14.62% in the net profit margin and as well as in its operating margin which remained 17.21%. Company’s annual sales growth for the past five year was 14.54%.

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