On July 15, Lam Research rose 3.03% overnight, trading at $356.59/share, with turnover of $5.07 million.

On the news front, the semiconductor equipment sector continued its rebound momentum, while multiple Wall Street institutions significantly raised their price targets on the stock, reinforcing bullish sentiment. Specifically, Stifel raised its target from $325 to $425, Morgan Stanley from $331 to $404, Mizuho from $380 to $400, and Needham from $300 to $390. The consensus target price stands at approximately $376.82, well above the current trading level, providing sustained support for market confidence.

Sector peers also traded higher, with Applied Materials up 2.86%, Teradyne up 2.91%, ASML up 2.64%, KLA-Tencor up 2.11%, and AXT Inc up 1.95%, reflecting broad-based recovery across the equipment space following a multi-day pullback last week. The company is scheduled to report earnings on July 29 after market close, with consensus EPS expected at $1.69.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)