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Lam Research (LRCX) Soars 21.2% on Strong Q3 Earnings

Mover TrackerWednesday, May 14, 2025 6:33 pm ET

2min read

Lam Research (LRCX) shares rose to their highest level since February 2025 today, with an intraday gain of 0.93%.

The strategy of buying LRCX shares after they reached a recent high and holding for 1 week resulted in a 17.73% year-to-date return as of May 14, 2025, but a -16.05% trailing total return as of the same date. However, the 5-year total return for LRCX stock is 204.82%, indicating that longer-term holdings may be more beneficial.

Lam Research has seen a notable increase in its stock price, rising 21.2% over the past four weeks. This upward trend suggests potential for further gains, driven by several key factors.

One of the primary drivers of this rally is the company's strong financial performance. Lam Research reported impressive third-quarter results, with significant year-over-year increases in both sales and net income. These positive financial metrics have likely contributed to the optimistic sentiment surrounding the stock.

Additionally, Lam Research holds a Zacks Rank #2 (Buy), which is supported by a trend of upward earnings revisions. Current quarter estimates have seen a 21.9% increase in the past week, reflecting the growing confidence of investors in the company's future prospects.

The company's strong revenue and earnings growth further reinforce its market position. Over the past year, Lam Research has achieved a 20.33% increase in revenue and consistent annual EPS growth, demonstrating its ability to deliver robust financial performance.

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