On June 29, Lam Research rose 3.29% in regular trading, trading at $388.38/share, with turnover of $395 million, extending a recovery trajectory following a sharp prior selloff.

On the news front, the semiconductor equipment sector rallied broadly, with Applied Materials up 4.4%, KLA-Tencor up 4.47%, and ASML up 1.37%, reflecting an oversold rebound pattern. The stock had declined approximately 4.59% on June 26 amid sector-wide weakness before stabilizing. Supporting the recovery, Bank of America Securities raised its target price on Lam Research significantly from $330 to $480, Wells Fargo lifted its target to $450 from $320 maintaining an Overweight rating, and Citi similarly raised to $450, citing DRAM supply tightness driving structural NAND demand growth and a potentially extended industry upcycle. Rothschild & Co Redburn also adjusted its target to $420 from $305. With the current share price still well below consensus targets, the gap provides fundamental support for the rebound.

(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.)