On June 18, Lam Research rose 5.64% in regular trading, trading at $397.21/share with turnover of $673 million, approaching its prior 52-week high of $393.07.

On the news front, Powerchip Semiconductor Manufacturing disclosed a NT$1.04 billion procurement of machinery and related facilities from Lam Research International, with equipment purchased between May 22 and June 16 for wafer manufacturing purposes, further confirming robust downstream demand for semiconductor equipment. Simultaneously, Rothschild&Co Redburn raised its target price sharply from $305 to $420 while maintaining a Buy rating. Oppenheimer also lifted its target from $330 to $400, maintaining an Outperform rating, with UBS and Wells Fargo among other institutions similarly upgrading price targets, signaling a notable bullish consensus shift among analysts.

Within the Semiconductor Equipment sector, the broader group rallied in tandem. Among individual stocks, KLA-Tencor up 5.84%, Applied Materials up 5.73%, Teradyne up 5.13%, ASML Holding up 2.80%, AXT Inc up 0.21%.

(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.)