Lam Research Rises On Unusually High Volume (LRCX)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK ( TheStreet) -- Lam Research Corporation (Nasdaq: LRCX) is trading at unusually high volume Friday with 5.2 million shares changing hands. It is currently at two times its average daily volume and trading up $2.36 (+6%) at $41.88 as of 3:55 p.m. ET.

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Lam Research has a market cap of $6.87 billion and is part of the technology sector and electronics industry. Shares are up 10.9% year to date as of the close of trading on Thursday.

Lam Research Corporation designs, manufactures, markets, refurbishes, and services semiconductor processing equipments used in the fabrication of integrated circuits. The company has a P/E ratio of 74.3, above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Lam Research as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, deteriorating net income and disappointing return on equity. You can view the full Lam Research Ratings Report.

See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center.

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