Lam Research Stock Hits New 52-Week High (LRCX)

NEW YORK ( TheStreet) -- Lam Research Corporation (Nasdaq: LRCX) hit a new 52-week high Wednesday as it is currently trading at $49.17, above its previous 52-week high of $49.13 with 1.7 million shares traded as of 11:35 a.m. ET. Average volume has been 2.1 million shares over the past 30 days.

Lam Research has a market cap of $7.43 billion and is part of the technology sector and electronics industry. Shares are up 26.3% 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.

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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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