Movement Alert|Lam Research Rises 3.05% in After-Hours Trading, Large Equipment Order and Target Price Upgrades Sustain Rebound Momentum

Market Focus
Jun 18

On June 18, Lam Research rose 3.05% in after-hours trading, trading at $384.0/share, with turnover of $287 million.

On the news front, Powerchip Semiconductor announced a procurement totaling NT$10.4 billion for machinery and related manufacturing facilities from Lam Research International, further confirming robust downstream demand for semiconductor equipment. Simultaneously, Rothschild & Co Redburn significantly raised its target price from $305 to $420 while maintaining a buy rating. Earlier, Oppenheimer raised its target to $400, UBS to $375, Wells Fargo to $365, and Barclays to $335, reflecting broad institutional confidence in the company's growth trajectory.

Within the Semiconductor Equipment sector, the broader group continued to advance in tandem. Among peers, Applied Materials rose 2.37%, KLA-Tencor gained 2.63%, ASML Holding rose 1.62%, Teradyne added 1.82%, and Amkor Technology climbed 3.2%, underscoring sector-wide momentum driven by AI capital expenditure cycles and global fab expansion plans.

(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.)

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