Lam Research Stock: Is Wall Street Bullish or Bearish?

Valued at a market cap of $131.2 billion, Lam Research Corporation (LRCX) designs, manufactures, markets, refurbishes, and services semiconductor processing equipment used in the fabrication of integrated circuits. The Fremont, California-based company serves major chipmakers worldwide, including Taiwan Semiconductor Manufacturing Company Limited (TSM), Samsung, Intel Corporation (INTC), Micron Technology, Inc. (MU), and SK Hynix. 

This semiconductor giant has surged past the broader market over the past 52 weeks. LRCX has rallied 26.4% over this time frame, while the broader S&P 500 Index ($SPX) has gained 15.2%. Moreover, on a YTD basis, the stock is up 43.5%, compared to SPX’s 10.2% return.