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) hit a new 52-week high Wednesday as it is currently trading at $47.88, above its previous 52-week high of $47.68 with 305,463 shares traded as of 11:45 a.m. ET. Average volume has been 2.3 million shares over the past 30 days. Lam Research has a market cap of $7.64 billion and is part of the technology sector and electronics industry. Shares are up 29.9% year to date as of the close of trading on Tuesday. 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 173.8, above the S&P 500 P/E ratio of 17.7.
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