Is Wall Street Bullish or Bearish on Lam Research Stock?

With a market cap of around $378 billion, Lam Research Corporation (LRCX) designs, manufactures, refurbishes, and services semiconductor processing equipment used in the fabrication of integrated circuits across the United States, Asia, and Europe. It offers a wide range of deposition, etch, cleaning, and wafer-processing systems, along with customer support services, spares, and upgrades for the semiconductor manufacturing industry.

Shares of the Fremont, California-based company have outperformed the broader market over the past 52 weeks. LRCX stock has jumped 274% over this time frame, while the broader S&P 500 Index ($SPX) has rallied 28.3%. Moreover, shares of the company are up 80.4% on a YTD basis, compared to SPX's 9.5% rise.