On July 29, Lam Research fell 3.13% overnight, trading at $262.18/share, with turnover of $3.4795 million.

On the news front, memory stocks suffered a broad selloff with Micron Technology down 5.82%, SK Hynix down 6.83%, and SanDisk plunging over 11%, as weak sentiment continued to spill over into the semiconductor equipment sector. Peers including KLA-Tencor fell 10.79%, Applied Materials dropped 3.87%, and ASML declined 1.87%, reflecting broad-based pressure across the equipment space.

Adding to the volatility, the company is scheduled to report quarterly earnings after market close on July 29, with consensus EPS expectations of $1.69, up from $1.47 in the prior quarter. The approaching earnings release has intensified speculative positioning, further amplifying short-term price swings. Multiple investment banks have recently raised their price targets on Lam Research, with UBS setting a $435 target, Stifel at $425, Mizuho at $400, and Evercore ISI at $355, resulting in an average analyst target of approximately $380.93, well above the current trading level.

(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.)