Lam Research Corporation Stock Hold Recommendation Reiterated (LRCX)
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- Although LRCX's debt-to-equity ratio of 0.24 is very low, it is currently higher than that of the industry average. Along with this, the company maintains a quick ratio of 2.54, which clearly demonstrates the ability to cover short-term cash needs.
- 46.20% is the gross profit margin for LAM RESEARCH CORP which we consider to be strong. Regardless of LRCX's high profit margin, it has managed to decrease from the same period last year. Despite the mixed results of the gross profit margin, LRCX's net profit margin of 2.40% is significantly lower than the same period one year prior.
- Net operating cash flow has significantly decreased to $96.72 million or 51.18% when compared to the same quarter last year. In addition, when comparing to the industry average, the firm's growth rate is much lower.
- Return on equity has greatly decreased when compared to its ROE from the same quarter one year prior. This is a signal of major weakness within the corporation. Compared to other companies in the Semiconductors & Semiconductor Equipment industry and the overall market, LAM RESEARCH CORP's return on equity significantly trails that of both the industry average and the S&P 500.
--Written by a member of TheStreet Ratings Staff. FREE from Real Money's Jim Cramer: Winners and Losers Election 2012 - Steps to take NOW so you can profit no matter who is in charge! Free Download Now
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