On July 14, Lam Research rose 5.87% in regular trading, trading at $346.21/share, with turnover of $226 million. The semiconductor equipment sector staged an oversold rebound following consecutive sessions of pullback, with peers including Applied Materials up 3.88%, KLA-Tencor up 3.57%, Teradyne up 4.88%, AXT Inc up 5.85%, and ASML up 3.01%, reflecting broad-based sector recovery.
On the catalyst front, multiple institutions significantly raised their target prices on Lam Research: Stifel lifted 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 strong support for market confidence. The company is scheduled to report earnings on July 29 after market close, with consensus EPS estimated 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.)