On July 28, Lam Research fell 3.97% in pre-market trading, trading at $279.0/share, with turnover of $1.9671 million.

On the news front, a broad selloff in memory stocks continued to weigh on the semiconductor equipment sector. Micron Technology fell 5.82%, SK Hynix dropped 6.83%, and SanDisk declined 7.10%, with the weak sentiment transmitting to equipment makers. Peers ASML fell 3.86%, Applied Materials dropped 4.23%, KLA declined 3.98%, and Amkor Technology fell 8.6%.

Additionally, the company is scheduled to report quarterly earnings on July 29 after market close. Consensus expects EPS of $1.69, a notable increase from $1.47 in the prior quarter. Pre-earnings capital positioning has intensified short-term volatility. Multiple investment banks recently raised their price targets on Lam Research, with UBS setting a target of $435, Stifel at $425, Mizuho at $400, and Evercore ISI at $355, implying significant upside from current levels.

(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.)