On August 13, Lam Research rose 3.03% in regular trading, trading at $335.95/share, with turnover of $413 million. The stock extended its multi-day rebound momentum as the semiconductor equipment sector continued to strengthen broadly.

On the news front, Bernstein recently raised its price target on Lam Research from $360 to $385, maintaining an Outperform rating. According to FactSet, the analyst consensus target price stands at $381.93, implying further upside from current levels. The sector showed strong co-movement, with ASML up 2.54%, KLA up 2.03%, and Applied Materials up 1.98%, reinforcing the bullish momentum.

The current rally builds on the foundation laid by Lam Research's fiscal Q4 results reported on July 30, which comprehensively beat expectations. Adjusted EPS of $1.82 exceeded estimates by 8.3%, revenue of $6.72 billion hit a record high, gross margin expanded to 51.7%, and Q1 guidance of $7.70-$8.50 billion in revenue significantly surpassed the $7.11 billion consensus. CEO commentary highlighted AI-driven demand continuing to elevate semiconductor equipment cycle visibility.

(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.)