Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.Lam Research Corporation ( LRCX) pushed the Technology sector higher today making it today's featured technology winner. The sector as a whole closed the day up 0.3%. By the end of trading, Lam Research Corporation rose $1.35 (2.4%) to $56.97 on average volume. Throughout the day, 2,273,509 shares of Lam Research Corporation exchanged hands as compared to its average daily volume of 2,231,600 shares. The stock ranged in a price between $55.44-$57.08 after having opened the day at $55.76 as compared to the previous trading day's close of $55.62. Other companies within the Technology sector that increased today were: Autobytel ( ABTL), up 25.4%, Alliance Fiber Optic Products ( AFOP), up 12.6%, China Digital TV ( STV), up 11.2% and 2U ( TWOU), up 11.0%.
Lam Research Corporation designs, manufactures, markets, refurbishes, and services semiconductor processing equipment used in the fabrication of integrated circuits. The company offers plasma etch products that remove materials from the wafer to create the features and patterns of a device. Lam Research Corporation has a market cap of $8.9 billion and is part of the electronics industry. Shares are up 1.0% year to date as of the close of trading on Tuesday. Currently there are 13 analysts that rate Lam Research Corporation a buy, no analysts rate it a sell, and 2 rate it a hold. TheStreet Ratings rates Lam Research Corporation 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, solid stock price performance, attractive valuation levels and compelling growth in net income. We feel these strengths outweigh the fact that the company shows weak operating cash flow.