Lam Research Stock Hits New 52-Week High (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) hit a new 52-week high Monday as it is currently trading at $48.97, above its previous 52-week high of $48.37 with 867,579 shares traded as of 10:10 a.m. ET. Average volume has been 2.2 million shares over the past 30 days.

Lam Research has a market cap of $7.76 billion and is part of the technology sector and electronics industry. Shares are up 29.5% year to date as of the close of trading on Friday.

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 176.7, above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Lam Research as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Lam Research Ratings Report.

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