On July 27, Lam Research rose 3.27% overnight, trading at 313.24 USD/share, with turnover of 498,000 USD. The semiconductor equipment sector saw a broad rebound, with peers including KLA-Tencor up 3.08%, Amkor Technology up 3.14%, Applied Materials up 2.91%, Teradyne up 2.54%, and ASML up 1.86%.
On the news front, multiple investment banks have raised their price targets on Lam Research throughout July. UBS lifted its target from $375 to $435 while maintaining a Buy rating, Stifel raised to $425, Mizuho to $400, and Evercore ISI to $355 with an Outperform rating. The analyst consensus target now stands at approximately $380.93, significantly above the current share price.
Additionally, the company is scheduled to report quarterly earnings on July 29 after market close. Market consensus expects EPS of $1.69, a notable increase from the prior quarter's $1.47, potentially driving early positioning by investors ahead of the release. Industry-wide tailwinds from AI-driven capital expenditure and advanced packaging demand continue to support the semiconductor equipment sector outlook.
(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.)