On June 22, Lam Research rose 3.07% in regular trading, trading at $399.87/share, with turnover of $784 million, as the stock continued to push toward new highs.

On the news front, Wells Fargo significantly raised its target price on Lam Research from $320 to $450, maintaining an Overweight rating. Citi also lifted its target to $450, updating its optimistic scenario forecast for the global wafer fabrication equipment market to $250 billion by 2028, citing DRAM supply tightness driving structural NAND demand growth and a potential extension of the industry upcycle. Earlier, Rothschild&Co Redburn raised its target from $305 to $420, while Oppenheimer lifted its target from $330 to $400, reflecting a decisive institutional consensus shift toward bullish positioning.

Additionally, Powerchip Semiconductor recently disclosed a NT$1.04 billion equipment procurement order from Lam Research International for wafer manufacturing, further confirming robust downstream demand. Within the Semiconductor Equipment sector, KLA-Tencor rose 3.69%, Applied Materials gained 3.01%, AXT Inc advanced 3.05%, and Teradyne added 0.97%.

(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.)