Lam Research Corporation (LRCX)
Technology · Semiconductors · Data as of 2026-09-01
Bottom line
LRCX is trading near its usual valuation, in the middle of its recent price range, and recent volume shows no clear direction. The picture is mixed, so it may be worth watching rather than acting on. Past patterns are not a guarantee of future results.
Valuation — Priced about in line with its growth (Yellow)
For a fast-growing company like LRCX (revenue is growing about 26% a year), we weigh next year's expected P/E of 31× against the 24% earnings growth analysts expect (a forward PEG of 1.28, 21 estimates). That is a fairly typical trade-off. Its current multiple sits around the 94th percentile of its own last five years — near the top of its own range. About 68% of its reported earnings arrived as free cash over the last year.
Price zones — In the middle of its recent range (Yellow)
At $290.20, the stock sits between its recent support and resistance levels. Over the past year LRCX has traded between $94.11 and $438.50; its historical support zone sits near $258.70 and resistance near $327.07. It is above one of its moving averages and below the other — a mixed trend picture.
52-week range $94.11–$438.50 · 50-day average $327.07 · 200-day average $258.70
Money flow — No clear direction (Yellow)
Buying and selling volume in LRCX have been fairly balanced recently, with no strong accumulation or distribution pattern. Volume on up days has been about 0.7× volume on down days over the last 30 sessions.
About the company
Lam Research Corporation is a prominent supplier of equipment vital for semiconductor processing, encompassing its design, production, sales, repair, and ongoing maintenance. These sophisticated systems are fundamental for the creation of integrated circuits. The company's extensive product catalog features a variety of deposition technologies.
一句话结论
LRCX 估值接近其惯常水平，处于近期价格区间的中部，近期成交量没有明确方向。整体情况好坏参半，也许更适合先观察，而不是急于行动。过去的形态并不能保证未来的结果。
估值 — 价格与其增长大致相称
对 LRCX 这样的高增长公司（营收年增长约 26%），我们把它明年的预期市盈率 31× 与分析师预计的 24% 盈利增速放在一起看（前瞻 PEG 为 1.28，来自 21 份预测）。这是相当常见的一种取舍。它当前的估值倍数大约位于自身过去五年分布的第 94 百分位——接近自身区间的顶部。过去一年，其报告利润中约有 68% 转化为自由现金。
价格区间 — 处于近期区间的中部
目前价格为 $290.20，位于其近期的支撑位与阻力位之间。过去一年 LRCX 的价格在 $94.11 到 $438.50 之间波动；其历史支撑区在 $258.70 附近，阻力区在 $327.07 附近。它位于其中一条均线上方、另一条下方——趋势信号并不一致。
资金流向 — 方向不明确
LRCX 近期的买卖成交量大致均衡，没有明显的吸筹或派发形态。过去 30 个交易日，上涨日的成交量约为下跌日的 0.7×。
UnderTheLight 用直白的语言解释股票——估值、价格区间与资金流向。它只描述数据，不构成任何投资建议。
UnderTheLight explains stocks in plain English — valuation, price zones and money flow as traffic lights, recomputed nightly. It describes data; it is not investment advice and never recommends a trade.