Lam Research Corp (LRCX) Pops 2.8% for February 19

Equities Staff |

One of the S&P 500’s big winners for Friday February 19 was Lam Research Corp (LRCX) as the company’s stock climbed 2.8% to $69.67 on volume of 3.05 million shares.

The stock opened at $69.52 and saw an intraday low of $69.38 and an intraday high of $71.43. All told, the day saw a per-share gain of $1.9. The stock’s average daily volume of 2.79 million and 158.89 million shares outstanding. Lam Research Corp now has a 50-day SMA is $73.17 and 200-day SMA is $74.48, and it has a 52-week high of $84.49 and a 52-week low of $61.20.

Lam Research Corp is a supplier of wafer fabrication equipment and services to the semiconductor industry.

Based out of Fremont, CA, Lam Research Corp has 7,300 employees and, after today’s trading, reached a market cap of $11.07 billion. The stock’s P/E Ratio is 14. Its P/S ratio is 1.83, P/B ratio is 1.99, and P/FCF ratio is 12.

For a complete fundamental analysis analysis of Lam Research Corp, check out Equities.com’s Stock Valuation Analysis report for LRCX. To see the latest independent stock recommendations from Equities.com’s analysts, visit our Research section.

The S&P 500 represents the industry standard for large-cap indices. While the Dow Jones Industrial Average (DJIA) may be the most visible stock market index in the country, the S&P 500 has long been relied on by industry insiders and fund managers as the more reliable gauge of portfolio performance.

While the DJIA is price-weighted and only includes 30 stocks, the S&P 500 uses a weighting system that factors in market cap and the size of a company’s free float while including some 500 stocks for a more comprehensive look at the broader markets’ performance. Its performance is far more representative of the large- and mega-cap stocks for any period of time.

For more news on the financial markets, go to Equities.com. Also, learn more about our independent proprietary equity research reports and our robust do-it-yourself Stock Valuation Analysis reports in our Research section.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.

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