Lam Research (LRCX) Rises Higher Than Market: Key Facts

Lam Research (LRCX) closed at $292.66, up 1.51%, outperforming the S&P 500's 1.06% gain. The semiconductor equipment maker is expected to report strong earnings with EPS forecasted at $2.15 (up 70.63% YoY) and quarterly revenue of $8.1 billion (up 52.1% YoY). The stock holds a Zacks Rank #2 (Buy) rating with a Forward P/E of 30.91, trading at a discount to its industry average of 33.57.