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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.