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Barchart
Barchart
Sristi Jayaswal

Are Wall Street Analysts Bullish on Lam Research Stock?

Lam Research LRCX

Valued at a market cap of $294.1 billion, Fremont, California-based Lam Research Corporation (LRCX) designs, manufactures, markets, refurbishes, and services semiconductor processing equipment used in the fabrication of integrated circuits in the United States and internationally.

Shares of Lam Research have outperformed the broader market over the past 52 weeks. LRCX stock has surged 182.8% over this time frame, while the broader S&P 500 Index ($SPX) has rallied 11.8%. Moreover, shares of the company are up 37.6% on a YTD basis, compared to SPX’s marginal decline.

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